XML 60 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
MORTGAGES, NOTES AND LOANS PAYABLE (Narrative) (Details)
3 Months Ended 9 Months Ended
Oct. 11, 2018
USD ($)
Sep. 25, 2018
USD ($)
Sep. 21, 2018
Sep. 18, 2018
USD ($)
Sep. 11, 2018
USD ($)
extention_option
Jul. 27, 2018
USD ($)
Jul. 20, 2018
USD ($)
Jun. 08, 2018
USD ($)
a
extention_option
Apr. 30, 2018
USD ($)
extention_option
Apr. 13, 2018
USD ($)
Mar. 26, 2018
USD ($)
Jan. 25, 2018
USD ($)
Jan. 19, 2018
USD ($)
Jan. 05, 2018
USD ($)
extention_option
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
Mortgages, notes and loans payable                                      
Land, buildings and equipment and developments in progress pledged as collateral                             $ 4,300,000,000   $ 4,300,000,000    
Repayments on mortgage loan                                 656,816,000 $ 1,130,337,000  
Capitalized debt issuance costs                             6,301,000   6,301,000   $ 6,898,000
Loss of extinguishment of debt                             0 $ 0 $ 0 $ 46,410,000  
Naming and marketing agreement term                                 20 years    
Settlement of swap liability                             1,749,000   $ 1,749,000   $ 5,961,000
Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)       1.65%                              
$700 Million Loan Maturity September 2023                                      
Mortgages, notes and loans payable                                      
Loan amount       $ 700,000,000.0                              
Option to increase borrowing capacity       50,000,000.0                              
Percent of loan covered by derivative     100.00%                                
Derivative fixed interest rate     4.61%                                
$700 Million Loan Maturity September 2023 | Term Loan                                      
Mortgages, notes and loans payable                                      
Loan amount       615,000,000                              
6100 Marriweather | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount         $ 89,800,000.0                            
Number of extension options | extention_option         2                            
Term of extension option         1 year                            
6100 Marriweather | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)         2.75%                            
Columbia Multi-family | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount         $ 85,656,515.000000                            
Number of extension options | extention_option         2                            
Term of extension option         1 year                            
Columbia Multi-family | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)         2.75%                            
Mortgaged Properties                                      
Mortgages, notes and loans payable                                      
Repayments on mortgage loan                                 608,700,000    
Capitalized debt issuance costs                             8,600,000   8,600,000    
Loss of extinguishment of debt                                 700,000    
Bridgeland Apartments | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount           $ 34,200,000.0                          
Term of extension option           1 year                          
Bridgeland Apartments | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)           2.25%                          
Summerlin Ballpark | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount             $ 51,200,000.0                        
Summerlin Ballpark | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)             4.92%                        
250 Water Street                                      
Mortgages, notes and loans payable                                      
Area of land purchased | a               1                      
Wacker110 N                                      
Mortgages, notes and loans payable                                      
Repayments on mortgage loan                         $ 18,900,000            
Settlement of swap liability                         $ 300,000            
Wacker110 N | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount   $ 512,600,000.0             $ 494,500,000.0                    
Number of extension options | extention_option                 2                    
Term of extension option                 1 year                    
Joint venture debt guaranteed                 $ 89,000,000                    
Increase in joint venture debt guaranteed   $ 92,300,000                                  
Wacker110 N | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)                 3.00%                    
Lakeland Village Center                                      
Mortgages, notes and loans payable                                      
Repayments on mortgage loan                   $ 11,800,000                  
Downtown Summerlin Apartments | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount                     $ 44,100,000.0                
Term of extension option                     3 years                
Downtown Summerlin Apartments | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)                     2.25%                
Lake Woodlands Crossing Retail | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount                       $ 15,500,000.0              
Interest rate margin (as a percent)                       1.80%              
Maximum recourse percentage upon achievement of conditions                       50.00%              
Recourse percentage                       15.00%              
Occupancy percentage                       90.00%              
Three Hughes Landing                                      
Mortgages, notes and loans payable                                      
Number of extension options | extention_option                           2          
Term of extension option                           1 year          
Long-term line of credit                           $ 65,500,000          
Three Hughes Landing | One Month LIBOR                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent)                           2.60%          
MPC | Summerlin | Special Improvement District bonds                                      
Mortgages, notes and loans payable                                      
New SIDs issued                             0   0    
Bond obligation                             $ 10,500,000   10,500,000    
Subsequent Event | Two Lakes Edge | Construction Loans                                      
Mortgages, notes and loans payable                                      
Loan amount $ 74,000,000.0                                    
Term of extension option 1 year                                    
Subsequent Event | Two Lakes Edge | Construction Loans | London Interbank Offered Rate (LIBOR)                                      
Mortgages, notes and loans payable                                      
Interest rate margin (as a percent) 2.15%                                    
Notes Payable, Other Payables | 250 Water Street                                      
Mortgages, notes and loans payable                                      
Number of extension options | extention_option               3                      
Term of extension option               6 months                      
Note payable to acquire land               $ 129,700,000                      
Interest free term               6 months                      
Interest rate (as a percent)               6.00%                      
Minimum paydown for term extension               $ 30,000,000                      
Revolving Credit Facility | $700 Million Loan Maturity September 2023 | Line of Credit                                      
Mortgages, notes and loans payable                                      
Loan amount       $ 85,000,000.0                              
Naming Rights And Marketing Agreement                                      
Mortgages, notes and loans payable                                      
Revenue from naming and marketing agreement                                 $ 4,000,000