BASIS OF PRESENTATION AND ORGANIZATION (Tables)

3 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Financial Statement Line Items Affected As Result Of New Revenue Recognition Standard

For the three months ended March 31, 2018, the following financial statement line items are affected as a result of HHC's adoption of the New Revenue Standard:

	Three Months Ended March 31, 2018
Condensed Consolidated Balance Sheet	Recognition Under Previous Guidance			Impact of Adoption of ASC Topic 606			Recognition Under ASC Topic 606
Buildings and equipment, net	$	2,038,288		$	2,459		$	2,040,747
Developments	1,171,469			240,684			1,412,153
Deferred expenses, net	84,001			6,838			90,839
Prepaid expenses and other assets, net	487,731			(277,404		)	210,327
Deferred tax liabilities	174,340			(30,759		)	143,581
Accounts payable and accrued expenses	511,323			107,948			619,271
Accumulated deficit	(71,266		)	(104,613		)	(175,879		)
Condensed Consolidated Statement of Operations
Condominium rights and unit sales	153,702			(142,865		)	10,837
Condominium rights and unit cost of sales	104,587			(97,858		)	6,729
Depreciation and amortization	27,199			989			28,188
Operating income before other items	48,536			(45,997		)	2,539
Provision for income taxes	11,674			(11,116		)	558
Net income	36,714			(34,880		)	1,834
Net income attributable to common stockholders	36,354			(34,880		)	1,474
Condensed Consolidated Statement of Comprehensive Income
Net income	36,714			(34,880		)	1,834
Comprehensive income	42,882			(34,880		)	8,002
Comprehensive income attributable to common stockholders	42,522			(34,880		)	7,642
Condensed Consolidated Statement of Cash Flows
Net income	36,714			(34,880		)	1,834
Depreciation and amortization	27,199			989			28,188
Deferred income taxes	11,364			(11,116		)	248
Condominium rights and unit cost of sales	104,587			(97,858		)	6,729
Percentage of completion revenue recognition from sale of condominium rights and unit sales	(142,865		)	142,865			—