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SEGMENTS (Reconciliation of EBT to Income (Loss) Before Taxes) (Details) - USD ($)
$ in Thousands
12 Months Ended
Mar. 16, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Reconciliation of REP EBT to GAAP net income (loss)        
General and administrative   $ (89,882) $ (86,588) $ (81,345)
Warrant liability (loss) gain   (43,443) (24,410) 58,320
Gain on acquisition of joint venture partner’s interest   23,332 27,088  
Gain (loss) on disposal of operating assets   3,868 (1,117) 29,073
Corporate gains on sale of properties   125    
Equity in earnings in Real Estate and Other Affiliates   (25,498) (56,818) (3,721)
Loss on redemption of senior notes due 2021 $ (46,400) (46,410)    
Corporate other (expense) income, net   54,615 116,268 1,829
Corporate depreciation and amortization   (132,252) (95,864) (98,997)
Operating Expenses   (936,233) (824,511) (680,153)
Income before taxes   120,822 320,776 150,720
Corporate        
Reconciliation of REP EBT to GAAP net income (loss)        
General and administrative   (89,882) (86,588) (81,345)
Corporate interest expense, net   (48,700) (52,460) (52,995)
Warrant liability (loss) gain   (43,443) (24,410) 58,320
Gain on acquisition of joint venture partner’s interest   23,332 27,088  
Gain (loss) on disposal of operating assets   3,868 (1,117) 29,073
Equity in earnings in Real Estate and Other Affiliates   (453)    
Loss on redemption of senior notes due 2021   (46,410)    
Corporate other (expense) income, net   (45) 6,241 1,409
Corporate depreciation and amortization   (8,298) (6,496) (6,042)
Operating Expenses   (209,906) (137,742) (51,580)
Operating Segments        
Reconciliation of REP EBT to GAAP net income (loss)        
REP EBT   330,728 458,518 202,300
Master Planned Communities | Operating Segments        
Reconciliation of REP EBT to GAAP net income (loss)        
REP EBT   190,351 179,481 114,366
Equity in earnings in Real Estate and Other Affiliates   (23,234) (43,501)  
Corporate other (expense) income, net   3,500    
Corporate depreciation and amortization   (323) (311) (640)
Operating Assets | Operating Segments        
Reconciliation of REP EBT to GAAP net income (loss)        
REP EBT   (28,664) (22,985) (9,646)
Equity in earnings in Real Estate and Other Affiliates   (3,267) (2,802) (1,883)
Corporate other (expense) income, net   (315) 4,601 524
Corporate depreciation and amortization   (122,421) (86,313) (89,075)
Strategic Developments | Operating Segments        
Reconciliation of REP EBT to GAAP net income (loss)        
REP EBT   169,041 302,022 97,580
Equity in earnings in Real Estate and Other Affiliates   550 (10,515) (1,838)
Corporate other (expense) income, net   108 611 (104)
Corporate depreciation and amortization   $ (1,210) $ (2,744) $ (3,240)