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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, 2017
Dec. 31, 2016
Reconciliation of total segment assets to total assets    
Assets $ 6,408,142 $ 6,367,382
Operating Segments [Member]    
Reconciliation of total segment assets to total assets    
Assets 5,952,215 5,779,048
Operating Segments [Member] | Master Planned Communities [Member]    
Reconciliation of total segment assets to total assets    
Assets 1,996,294 1,982,639
Operating Segments [Member] | Operating Assets [Member]    
Reconciliation of total segment assets to total assets    
Assets 2,437,638 2,344,949
Additional information    
Increase (decrease) in assets 92,700  
Operating Segments [Member] | Strategic Developments [Member]    
Reconciliation of total segment assets to total assets    
Assets 1,518,283 1,451,460
Additional information    
Increase (decrease) in assets 66,800  
Corporate, Non-Segment [Member]    
Reconciliation of total segment assets to total assets    
Assets 455,927 $ 588,334
Additional information    
Increase (decrease) in assets $ 132,400