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INVESTMENT IN REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
item
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Mar. 01, 2017
Investment in Real Estate and Other Affiliates        
Carrying Value $ 76,593 $ 76,376    
Economic/Legal Ownership $ 25,498 56,818 $ 3,721  
Aggregate carrying value of unconsolidated VIEs   13,800    
Number of variable interest entities in which entity is primary beneficiary | item 3      
Carrying values of the liabilities associated with the operations of the consolidated VIEs $ 2,700 1,400    
Carrying values of the assets associated with the operations of the consolidated VIEs 24,800 21,700    
Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Carrying Value 76,593 76,376    
Cost-method Investments        
Investment in Real Estate and Other Affiliates        
Carrying Value 3,952 4,406    
Economic/Legal Ownership 2,927 2,616 1,747  
Las Vegas 51s        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership       50.00%
Economic/Legal Ownership $ 200      
Circle T Ranch and Power Center        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership   $ 10,500    
33 Peck Slip | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 35.00% 35.00%    
Carrying Value $ 8,651 $ 8,243    
Economic/Legal Ownership (643) 106    
Accounts Payable and Accrued Liabilities | The Metropolitan Downtown Columbia        
Investment in Real Estate and Other Affiliates        
Carrying Value (2,600) (1,100)    
Master Planned Communities | The Summit | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Carrying Value 45,886 32,653    
Economic/Legal Ownership $ 23,234 $ 43,501    
Operating Assets | Las Vegas 51s | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00% 50.00%    
Carrying Value   $ 11,062    
Economic/Legal Ownership $ (152) $ 12 152  
Operating Assets | Constellation | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00% 50.00%    
Carrying Value   $ 2,730    
Economic/Legal Ownership $ (323) $ (54)    
Operating Assets | The Metropolitan Downtown Columbia | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value   $ (1,064)    
Economic/Legal Ownership $ 390 $ (800) (13)  
Operating Assets | Millennium Six Pines Apartments | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00% 100.00%    
Economic/Legal Ownership   $ 44 (1,165)  
Operating Assets | Stewart Title of Montgomery County, TX | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 3,673 $ 3,611    
Economic/Legal Ownership $ 386 $ 696 996  
Operating Assets | Woodlands Sarofim 1 | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 20.00% 20.00%    
Carrying Value $ 2,696 $ 2,683    
Economic/Legal Ownership 53 182 166  
Strategic Developments | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Carrying Value 72,641 71,970    
Economic/Legal Ownership $ 22,571 $ 54,202 1,974  
Strategic Developments | Circle T Ranch and Power Center | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 4,455 $ 4,956    
Economic/Legal Ownership   $ 10,497    
Strategic Developments | HHMK Development LLC | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 10 $ 10    
Economic/Legal Ownership     549  
Strategic Developments | KR Holdings LLC | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 749 $ 707    
Economic/Legal Ownership $ 41 $ 18 $ 1,289  
Strategic Developments | m.flats/TEN.M | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 6,521 $ 6,379    
Economic/Legal Ownership (415)      
Unconsolidated Properties        
Investment in Real Estate and Other Affiliates        
Secured debt 183,900      
Share of the entity in secured debt $ 85,000