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REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2017
USD ($)
item
Mar. 31, 2016
USD ($)
Mar. 01, 2017
Dec. 31, 2016
USD ($)
Investment in Real Estate and Other Affiliates        
Carrying Value $ 70,381     $ 76,376
Share of Earnings/Dividends 8,520 $ 1,932    
Aggregate carrying value of unconsolidated VIEs $ 2,800     13,800
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 $ 21,800     21,700
Carrying values of the liabilities associated with the operations of the consolidated VIEs 1,500     1,400
Cost-method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Carrying Value 4,406     4,406
Share of Earnings/Dividends 3,383 2,616    
Las Vegas 51s LLC [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership     100.00%  
Master Planned Communities [Member] | The Summit | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Carrying Value 37,932     $ 32,653
Share of Earnings/Dividends $ 5,280      
Operating Assets [Member] | Las Vegas 51s LLC [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00%     50.00%
Carrying Value       $ 11,062
Share of Earnings/Dividends $ (152) (159)    
Operating Assets [Member] | Constellation [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ 2,793     $ 2,730
Share of Earnings/Dividends $ 64      
Operating Assets [Member] | The Metropolitan Downtown Columbia [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ (1,607)     $ (1,064)
Share of Earnings/Dividends $ 57 (717)    
Operating Assets [Member] | Millennium Six Pines Apartments [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00%     100.00%
Share of Earnings/Dividends   13    
Operating Assets [Member] | Stewart Title of Montgomery County, TX [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ 3,588     $ 3,611
Share of Earnings/Dividends $ 26 102    
Operating Assets [Member] | Woodlands Sarofim 1 [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 20.00%     20.00%
Carrying Value $ 2,658     $ 2,683
Share of Earnings/Dividends 7 53    
Strategic Developments [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Carrying Value 65,975     $ 71,970
Share of Earnings/Dividends $ 5,137 (684)    
Strategic Developments [Member] | Circle T Ranch and Power Cente [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ 4,456     $ 4,956
Strategic Developments [Member] | HHMK Development LLC [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ 10     $ 10
Strategic Developments [Member] | KR Holdings LLC [Member] | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ 718     $ 707
Share of Earnings/Dividends $ 11 5    
Strategic Developments [Member] | m.flats/TEN.M | Equity Method Investments [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00%     50.00%
Carrying Value $ 6,464     $ 6,379
Strategic Developments [Member] | 33 Peck Slip (Grandview SHG, LLC) [Member]        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 35.00%     35.00%
Carrying Value $ 8,963     $ 8,243
Share of Earnings/Dividends (156) $ 19    
Unconsolidated Properties [Member]        
Investment in Real Estate and Other Affiliates        
Secured debt 157,200      
Share of the entity in secured debt $ 71,500