SEGMENTS (Summary of Segment Operating Results) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($) segment	Mar. 31, 2015 USD ($)
Segments reporting
Number of reportable segments | segment	3
Land sales	$ 41,942	$ 48,081
Builder price participation	4,647	5,698
Minimum rents	41,309	35,194
Tenant recoveries	10,528	9,667
Condominium rights and unit sales	122,094	34,857
Other land revenues	3,033	3,293
Hospitality revenues	12,909	12,003
Other rental and property revenues	3,204	6,297
Total revenues	239,666	155,090
Cost of sales - land	15,688	23,896
Other property operating costs	15,742	18,145
Rental property real estate taxes	6,748	6,200
Rental property maintenance costs	3,132	2,744
Hospitality expenses	10,475	9,078
Provision for (recovery of) doubtful accounts	3,041	809
Demolition costs	472	117
Development-related marketing costs	4,531	6,243
Depreciation and amortization	22,972	21,510
Other expense (income)	(359)	(1,464)
Interest income	(269)	(136)
Equity in Earnings from Real Estate and Other Affiliates	(1,932)	(1,788)
Gain on sale of 80 South Street Assemblage	(140,479)
REP EBT	213,853	37,815
Operating Segments | Master Planned Communities
Segments reporting
Land sales	41,942	48,081
Builder price participation	4,647	5,698
Minimum rents	143	215
Other land revenues	3,023	3,284
Total revenues	49,755	57,278
Cost of sales - land	15,688	23,896
Land sales operations	7,300	7,579
Land sales real estate and business taxes	2,294	2,404
Depreciation and amortization	83	95
Interest income	(16)	(16)
Interest expense	(5,339)	(4,762)
Total expenses	20,010	29,196
REP EBT	29,745	28,082
Operating Segments | Operating Assets
Segments reporting
Minimum rents	41,118	34,312
Tenant recoveries	10,523	9,573
Other rental and property revenues	3,083	6,274
Total revenues	67,633	62,162
Resort and conference center revenues	12,909	12,003
Other property operating costs	14,118	17,486
Rental property real estate taxes	6,142	5,520
Rental property maintenance costs	3,001	2,627
Resort and conference center operations	10,475	9,078
Provision for (recovery of) doubtful accounts	2,979	809
Demolition costs	472	117
Development-related marketing costs	1,100	2,266
Depreciation and amortization	21,201	18,762
Other expense (income)	(363)
Interest income	(8)	(10)
Interest expense	9,153	6,495
Equity in Earnings from Real Estate and Other Affiliates	(1,927)	(885)
Total expenses	66,343	62,265
REP EBT	1,290	(103)
Operating Segments | Strategic Developments
Segments reporting
Minimum rents	48	667
Tenant recoveries	5	94
Condominium rights and unit sales	122,094	34,857
Other land revenues	10	6
Other rental and property revenues	121	26
Total revenues	122,278	35,650
Condominium rights and unit cost of sales	74,815	22,409
Other property operating costs	1,624	659
Rental property real estate taxes	606	680
Rental property maintenance costs	131	117
Provision for (recovery of) doubtful accounts	62
Development-related marketing costs	3,431	3,977
Depreciation and amortization	659	1,016
Other expense (income)	(244)	(333)
Interest income	(6)
Interest expense	(1,134)	(1,807)
Equity in Earnings from Real Estate and Other Affiliates	(5)	(904)
Gain on sale of 80 South Street Assemblage	(140,479)
Total expenses	(60,540)	25,814
REP EBT	$ 182,818	$ 9,836