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REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
item
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Investment in Real Estate and Other Affiliates          
Carrying Value $ 78,890   $ 78,890   $ 57,811
Share of Earnings/Dividends 13,493 $ 295 35,700 $ 3,164  
Aggregate carrying value of unconsolidated VIEs 14,800   $ 14,800   21,500
Number of variable interest entities in which entity is primary beneficiary | item     1    
Carrying values of the assets associated with the operations of the consolidated VIEs 21,700   $ 21,700   21,500
Carrying values of the liabilities associated with the operations of the consolidated VIEs 1,400   1,400   1,100
Cost Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Carrying Value 4,347   4,347   3,952
Share of Earnings/Dividends     2,616 1,747  
The Summit          
Investment in Real Estate and Other Affiliates          
Share of Earnings/Dividends     22,600    
Millennium Six Pines Apartments | Accounts Payable and Accrued Expenses          
Investment in Real Estate and Other Affiliates          
Investment balance         1,800
Circle T Ranch          
Investment in Real Estate and Other Affiliates          
Share of Earnings/Dividends     10,500    
Master Planned Communities | The Summit | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Carrying Value 34,626   34,626   $ 12,052
Share of Earnings/Dividends $ 13,700   $ 22,574    
Operating Assets | Grandview SHG, LLC | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 35.00%   35.00%    
Carrying Value $ 8,061   $ 8,061    
Share of Earnings/Dividends $ (117)   $ (76)    
Operating Assets | Millennium Six Pines Apartments | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 100.00%   100.00%   81.43%
Share of Earnings/Dividends $ 9 (177) $ 44 (1,327)  
Operating Assets | Stewart Title | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 3,592   $ 3,592   $ 3,715
Share of Earnings/Dividends $ 221 163 $ 477 659  
Operating Assets | Clark County Las Vegas Stadium | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 11,348   $ 11,348   $ 11,050
Share of Earnings/Dividends $ 2 105 $ 297 389  
Operating Assets | The Metropolitan Downtown Columbia | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ (539)   $ (539)   $ 4,872
Share of Earnings/Dividends $ (351) 140 $ (863) (268)  
Operating Assets | Woodlands Sarofim 1 | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 20.00%   20.00%   20.00%
Carrying Value $ 2,674   $ 2,674   $ 2,588
Share of Earnings/Dividends 26 58 121 133  
Strategic Developments | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Carrying Value 74,543   74,543   $ 53,859
Share of Earnings/Dividends $ 13,493 295 $ 33,084 1,417  
Strategic Developments | Circle T Ranch | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 4,956   $ 4,956   $ 9,128
Share of Earnings/Dividends     $ 10,498    
Strategic Developments | Constellation | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 2,685   $ 2,685   $ 2,685
Strategic Developments | HHMK Development LLC | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 10   $ 10   $ 10
Share of Earnings/Dividends       549  
Strategic Developments | KR Holdings LLC | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 761   $ 761   $ 689
Share of Earnings/Dividends $ 3 $ 6 $ 12 $ 1,282  
Strategic Developments | m.flats (formerly Parcel C) | Equity Method Investments [Member]          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00%   50.00%   50.00%
Carrying Value $ 6,369   $ 6,369   $ 7,070
Unconsolidated Properties          
Investment in Real Estate and Other Affiliates          
Secured debt 123,600   123,600    
Share of the entity in secured debt $ 54,700   $ 54,700