CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Investment in real estate:
Master Planned Community assets	$ 1,652,056,000	$ 1,642,842,000
Land	315,617,000	322,462,000
Buildings and equipment	1,910,016,000	1,772,401,000
Less: accumulated depreciation	(271,451,000)	(232,969,000)
Developments	915,157,000	1,036,927,000
Net property and equipment	4,521,395,000	4,541,663,000
Investment in Real Estate and Other Affiliates	65,834,000	57,811,000
Net investment in real estate	4,587,229,000	4,599,474,000
Cash and cash equivalents	670,800,000	445,301,000
Accounts receivable, net	40,152,000	32,203,000
Municipal Utility District receivables, net	163,639,000	139,946,000
Notes receivable, net	69,000	1,664,000
Deferred expenses, net	63,099,000	61,804,000
Prepaid expenses and other assets, net	692,631,000	441,190,000
Total assets	6,217,619,000	5,721,582,000
Liabilities:
Mortgages, notes and loans payable	2,651,805,000	2,443,962,000
Deferred tax liabilities	158,177,000	89,221,000
Warrant liabilities	322,090,000	307,760,000
Uncertain tax position liability	9,588,000	1,396,000
Accounts payable and accrued expenses	572,772,000.000	515,354,000.000
Total liabilities	3,714,432,000	3,357,693,000
Commitments and Contingencies (see Note 10)
Equity:
Common stock: $.01 par value; 150,000,000 shares authorized, 39,846,036 shares issued and 39,833,975 outstanding as of June 30, 2016 and 39,714,838 shares issued and outstanding as of December 31, 2015	398,000	398,000
Additional paid-in capital	2,853,880,000	2,847,823,000
Accumulated deficit	(329,480,000)	(480,215,000)
Accumulated other comprehensive loss	(24,152,000)	(7,889,000)
Treasury stock, at cost, 12,061 shares as of June 30, 2016 and 0 shares as of December 31, 2015	(1,231,000)
Total stockholders' equity	2,499,415,000	2,360,117,000
Noncontrolling interests	3,772,000	3,772,000
Total equity	2,503,187,000	2,363,889,000
Total liabilities and equity	$ 6,217,619,000	$ 5,721,582,000