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SEGMENTS (Summary of Assets by Segment and Reconciliation of Segment Assets to Total Assets) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Reconciliation of total segment assets to total assets    
Assets $ 6,031,974 $ 5,721,582
Operating Assets    
Additional information    
Increase (decrease) in assets 73,900  
Strategic Developments    
Additional information    
Increase (decrease) in assets 192,100  
Operating Segments    
Reconciliation of total segment assets to total assets    
Assets 5,775,813 5,526,943
Operating Segments | Master Planned Communities    
Reconciliation of total segment assets to total assets    
Assets 2,005,373 2,022,524
Operating Segments | Operating Assets    
Reconciliation of total segment assets to total assets    
Assets 2,439,617 2,365,724
Operating Segments | Strategic Developments    
Reconciliation of total segment assets to total assets    
Assets 1,330,823 1,138,695
Corporate    
Reconciliation of total segment assets to total assets    
Assets 256,161 $ 194,639
Additional information    
Increase (decrease) in assets $ 61,500