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REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
item
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Jan. 24, 2014
Investment in Real Estate and Other Affiliates          
Carrying Value $ 76,376 $ 76,376 $ 57,811    
Share of Earnings/Dividends 3,200 56,818 3,721 $ 23,336  
Aggregate carrying value of unconsolidated VIEs 13,800 $ 13,800 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    
Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Carrying Value 76,376 76,376 57,811    
Share of Earnings/Dividends   56,818 3,721 23,336  
Cost Method Investments          
Investment in Real Estate and Other Affiliates          
Carrying Value 4,406 4,406 3,952    
Share of Earnings/Dividends   2,616 1,747 1,649  
The Summit          
Investment in Real Estate and Other Affiliates          
Share of Earnings/Dividends   43,500      
The Summit | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Carrying Value $ 32,653 32,653 12,052    
Share of Earnings/Dividends   43,501      
Circle T Ranch          
Investment in Real Estate and Other Affiliates          
Share of Earnings/Dividends   $ 10,500      
Constellation          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership         50.00%
Accounts Payable and Accrued Liabilities | Millennium Six Pines Apartments [Member]          
Investment in Real Estate and Other Affiliates          
Investment balance     $ 1,800    
Operating Assets | Las Vegas 51s LLC [Member] | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00% 50.00% 50.00%    
Carrying Value $ 11,062 $ 11,062 $ 11,050    
Share of Earnings/Dividends   $ 12 $ 152 (88)  
Operating Assets | Constellation [Member] | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00% 50.00% 50.00%    
Carrying Value $ 2,730 $ 2,730 $ 2,685    
Share of Earnings/Dividends   $ (54)      
Operating Assets | 33 Peck Slip (Grandview SHG, LLC) [Member] | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 35.00% 35.00%      
Carrying Value $ 8,243 $ 8,243      
Share of Earnings/Dividends   $ 106      
Operating Assets | The Metropolitan Downtown Columbia [Member] | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00% 50.00% 50.00%    
Carrying Value $ (1,064) $ (1,064) $ 4,872    
Share of Earnings/Dividends   $ (800) $ (13)    
Operating Assets | Millennium Six Pines Apartments [Member] | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 100.00% 100.00% 81.43%    
Share of Earnings/Dividends   $ 44 $ (1,165) (1,291)  
Operating Assets | Stewart Title of Montgomery County, TX [Member] | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00% 50.00% 50.00%    
Carrying Value $ 3,611 $ 3,611 $ 3,715    
Share of Earnings/Dividends   $ 696 $ 996 1,301  
Operating Assets | Woodlands Sarofim #1 | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 20.00% 20.00% 20.00%    
Carrying Value $ 2,683 $ 2,683 $ 2,588    
Share of Earnings/Dividends   182 166 175  
Strategic Developments | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Carrying Value $ 71,970 71,970 53,859    
Share of Earnings/Dividends   $ 54,202 $ 1,974 21,687  
Strategic Developments | Circle T Ranch | Equity Method Investments          
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   $ 10,497      
Strategic Developments | HHMK Development | Equity Method Investments          
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 2,120  
Strategic Developments | KR Holdings | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00% 50.00% 50.00%    
Carrying Value $ 707 $ 707 $ 689    
Share of Earnings/Dividends   $ 18 $ 1,289 $ 19,470  
Strategic Developments | m.flats/TEN.M | Equity Method Investments          
Investment in Real Estate and Other Affiliates          
Economic/Legal Ownership 50.00% 50.00% 50.00%    
Carrying Value $ 6,379 $ 6,379 $ 7,070    
Unconsolidated Properties          
Investment in Real Estate and Other Affiliates          
Secured debt 125,100 125,100 109,600    
Share of the entity in secured debt $ 55,500 $ 55,500 $ 64,800