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SEGMENTS (Summary of Segment Operating Results) (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
segment
Dec. 31, 2016
USD ($)
Segments reporting                      
Number of reportable segments | segment                   3  
Total revenues $ 464,693 $ 257,160 $ 181,005 $ 161,679 $ 300,983 $ 258,736 $ 308,639 $ 231,762 $ 1,064,537 $ 1,100,120 $ 1,035,005
Total operating expenses                 956,791 936,233 824,511
Operating income                 107,746    
Depreciation and amortization                 126,565 132,252 95,864
Provision for impairment                 0 0 35,734
Other loss (income)                 936 (3,248) (11,453)
Equity in (earnings) loss from Real Estate and Other Affiliates                 (39,954) (25,498) (56,818)
Gains on sales of properties                 0 51,367 140,549
Income before taxes                 73,218 120,822 320,776
Net income 37,924 23,847 (5,879) 1,834 147,328 10,516 3,120 5,659 57,726 166,623 202,326
Net (income) loss attributable to noncontrolling interests                 (714) 1,781 (23)
Net income attributable to common stockholders $ 37,261 $ 23,365 $ (5,088) $ 1,474 $ 149,121 $ 10,504 $ 3,120 $ 5,659 57,012 168,404 202,303
Operating Segments                      
Segments reporting                      
Total revenues                 1,064,537 1,100,120 1,035,005
Total operating expenses                 675,121 691,672 617,663
Operating income                 389,416 408,448 417,342
Depreciation and amortization                 117,126 123,954 89,368
Provision for impairment                 0 0 35,734
Interest expense (income), net                 25,865 11,825 11,905
Other loss (income)                 3,972 (3,293) (5,212)
Equity in (earnings) loss from Real Estate and Other Affiliates                 (39,937) (25,951) (56,818)
Gains on sales of properties                 0 (51,242) (140,549)
Income before taxes                 282,390 353,155 482,914
Operating Segments | Operating Assets                      
Segments reporting                      
Total revenues                 379,124 327,555 295,165
Total operating expenses                 200,872 170,215 151,938
Operating income                 178,252 157,340 143,227
Depreciation and amortization                 113,576 122,421 86,313
Provision for impairment                 0 0 35,734
Interest expense (income), net                 71,551 61,584 50,427
Other loss (income)                 7,005 315 (4,601)
Equity in (earnings) loss from Real Estate and Other Affiliates                 (1,529) (3,267) (2,802)
Income before taxes                 (12,351) (23,713) (21,844)
Operating Segments | Master Planned Communities                      
Segments reporting                      
Total revenues                 309,451 299,543 253,304
Total operating expenses                 169,474 159,895 138,098
Operating income                 139,977 139,648 115,206
Depreciation and amortization                 243 323 311
Interest expense (income), net                 (26,919) (24,292) (21,085)
Other loss (income)                 (18) (3,500) 0
Equity in (earnings) loss from Real Estate and Other Affiliates                 (36,284) (23,234) (43,501)
Income before taxes                 202,955 190,351 179,481
Operating Segments | Strategic Developments                      
Segments reporting                      
Total revenues                 375,962 473,022 486,536
Total operating expenses                 304,775 361,562 327,627
Operating income                 71,187 111,460 158,909
Depreciation and amortization                 3,307 1,210 2,744
Interest expense (income), net                 (18,767) (25,467) (17,437)
Other loss (income)                 (3,015) (108) (611)
Equity in (earnings) loss from Real Estate and Other Affiliates                 (2,124) 550 (10,515)
Gains on sales of properties                 0 (51,242) (140,549)
Income before taxes                 91,786 186,517 325,277
Corporate                      
Segments reporting                      
Corporate expenses and other items                 $ 224,664 $ 186,532 $ 280,588