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REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
item
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Mar. 01, 2017
Investment in Real Estate and Other Affiliates        
Carrying Value $ 102,287 $ 76,593    
Share of Earnings/Dividends $ 39,954 25,498 $ 56,818  
Number of variable interest entities in which entity is primary beneficiary | item 6      
Carrying values of the liabilities associated with the operations of the consolidated VIEs $ 99,800 2,700    
Carrying values of the assets associated with the operations of the consolidated VIEs 190,600 24,800    
Cost-method Investments        
Investment in Real Estate and Other Affiliates        
Carrying Value 3,952 3,952    
Share of Earnings/Dividends 3,451 2,927 2,616  
Las Vegas 51s        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership       50.00%
Share of Earnings/Dividends   200    
Circle T Ranch and Power Center        
Investment in Real Estate and Other Affiliates        
Share of Earnings/Dividends     10,500  
Accounts Payable and Accrued Liabilities | The Metropolitan Downtown Columbia        
Investment in Real Estate and Other Affiliates        
Investment deficit position $ 3,800 $ 2,600    
Master Planned Communities | The Summit | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 0.00% 0.00%    
Carrying Value $ 72,171 $ 45,886    
Share of Earnings/Dividends $ 36,284 $ 23,234 43,501  
Operating Assets | Las Vegas 51s | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00% 100.00%    
Carrying Value $ 0 $ 0    
Share of Earnings/Dividends $ 0 $ (152) 12  
Operating Assets | Constellation | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00% 100.00%    
Carrying Value $ (96) $ 0    
Share of Earnings/Dividends $ (96) $ (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 $ 0 $ 0    
Share of Earnings/Dividends $ 467 $ 390 (800)  
Operating Assets | Millennium Six Pines Apartments | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 100.00% 100.00%    
Carrying Value $ 0 $ 0    
Share of Earnings/Dividends $ 0 $ 0 44  
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 $ 3,920 $ 3,673    
Share of Earnings/Dividends $ 573 $ 386 696  
Operating Assets | Woodlands Sarofim 1 | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 20.00% 20.00%    
Carrying Value $ 2,760 $ 2,696    
Share of Earnings/Dividends $ 94 $ 53 182  
Operating Assets | m.flats/TEN.M | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 4,701 $ 0    
Share of Earnings/Dividends $ (2,478) $ 0 0  
Operating Assets | Mr. C Seaport | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 35.00% 35.00%    
Carrying Value $ 8,721 $ 0    
Share of Earnings/Dividends (465) 0 0  
Strategic Developments | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Carrying Value 98,335 72,641    
Share of Earnings/Dividends $ 36,503 $ 22,571 54,202  
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 $ 0 $ 6,521    
Share of Earnings/Dividends $ 0 $ (415) 0  
Strategic Developments | Mr. C Seaport | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 35.00% 35.00%    
Carrying Value $ 0 $ 8,651    
Share of Earnings/Dividends $ (240) $ (643) 106  
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 $ 5,989 $ 4,455    
Share of Earnings/Dividends $ 1,534 $ 0 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    
Share of Earnings/Dividends $ 0 $ 0 0  
Strategic Developments | KR Holdings LLC | Equity Method Investments        
Investment in Real Estate and Other Affiliates        
Economic/Legal Ownership 50.00% 50.00%    
Carrying Value $ 159 $ 749    
Share of Earnings/Dividends 830 $ 41 $ 18  
Unconsolidated Properties        
Investment in Real Estate and Other Affiliates        
Secured debt 201,500      
Share of the entity in secured debt $ 96,200