BASIS OF PERSENTATION AND ORGANIZATION (Schedule of Financial Statement Line Items Affected As Result Of New Revenue Recognition Standard) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017
Condensed Consolidated Balance Sheet
Buildings and equipment, net	$ 2,040,747
Developments	1,412,153			$ 1,196,582
Deferred expenses, net	90,839			80,901
Prepaid expenses and other assets, net	210,327			370,027
Deferred tax liabilities	143,581			160,850
Accounts payable and accrued expenses	619,271			521,718
Accumulated deficit	(175,879)			$ (109,508)
Condensed Consolidated Statement of Operations
Condominium rights and unit sales	10,837	$ 80,145
Condominium rights and unit cost of sales	6,729	60,483
Depreciation and amortization	28,188	25,524
Operating income before other items	2,539	44,652
Provision for income taxes	558	9,697
Net income	1,834	5,659
Net income attributable to common stockholders	1,474	5,659
Condensed Consolidated Statement of Comprehensive Income
Comprehensive income	8,002	6,017
Comprehensive income attributable to common stockholders	7,642	6,017
Condensed Consolidated Statement of Cash Flows
Deferred income taxes	248	8,888
Percentage of completion revenue recognition from sale of condominium rights and unit sales	0	$ (80,145)
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Condensed Consolidated Balance Sheet
Buildings and equipment, net	2,459
Developments	240,684		$ 150,800
Deferred expenses, net	6,838
Prepaid expenses and other assets, net	(277,404)		5,600
Deferred tax liabilities	(30,759)		(19,600)
Accounts payable and accrued expenses	107,948		95,000
Accumulated deficit	(104,613)		$ (69,700)
Condensed Consolidated Statement of Operations
Condominium rights and unit sales	(142,865)
Condominium rights and unit cost of sales	(97,858)
Depreciation and amortization	989
Operating income before other items	(45,997)
Provision for income taxes	(11,116)
Net income	(34,880)
Net income attributable to common stockholders	(34,880)
Condensed Consolidated Statement of Comprehensive Income
Comprehensive income	(34,880)
Comprehensive income attributable to common stockholders	(34,880)
Condensed Consolidated Statement of Cash Flows
Deferred income taxes	(11,116)
Percentage of completion revenue recognition from sale of condominium rights and unit sales	142,865
Calculated under Revenue Guidance in Effect before Topic 606
Condensed Consolidated Balance Sheet
Buildings and equipment, net	2,038,288
Developments	1,171,469
Deferred expenses, net	84,001
Prepaid expenses and other assets, net	487,731
Deferred tax liabilities	174,340
Accounts payable and accrued expenses	511,323
Accumulated deficit	(71,266)
Condensed Consolidated Statement of Operations
Condominium rights and unit sales	153,702
Condominium rights and unit cost of sales	104,587
Depreciation and amortization	27,199
Operating income before other items	48,536
Provision for income taxes	11,674
Net income	36,714
Net income attributable to common stockholders	36,354
Condensed Consolidated Statement of Comprehensive Income
Comprehensive income	42,882
Comprehensive income attributable to common stockholders	42,522
Condensed Consolidated Statement of Cash Flows
Deferred income taxes	11,364
Percentage of completion revenue recognition from sale of condominium rights and unit sales	$ (142,865)