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REAL ESTATE AND OTHER AFFILIATES (Summary of Investments in Real Estate and Other Affiliates) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Investment in Real Estate and Other Affiliates      
Carrying Value $ 106,800   $ 102,287
Share of Earnings/Dividends 9,951 $ 14,386  
Cost method investments      
Investment in Real Estate and Other Affiliates      
Carrying Value 3,856   3,856
Share of Earnings/Dividends 3,625 3,341  
Accounts payable and accrued expenses | The Metropolitan Downtown Columbia      
Investment in Real Estate and Other Affiliates      
Investment deficit position $ 4,000   $ 3,800
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 $ 183 80  
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 $ 3,822   $ 3,920
Share of Earnings/Dividends $ 102 82  
Operating Assets | Woodlands Sarofim 1 | Equity Method Investments      
Investment in Real Estate and Other Affiliates      
Economic/Legal Ownership 20.00%   20.00%
Carrying Value $ 2,780   $ 2,760
Share of Earnings/Dividends $ 20 20  
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 $ 3,486   $ 4,701
Share of Earnings/Dividends $ (1,221) (937)  
Master Planned Communities | The Summit | Equity Method Investments      
Investment in Real Estate and Other Affiliates      
Economic/Legal Ownership 0.00%   0.00%
Carrying Value $ 78,573   $ 72,171
Share of Earnings/Dividends $ 7,837 11,128  
Seaport District | Mr. C Seaport | Equity Method Investments      
Investment in Real Estate and Other Affiliates      
Economic/Legal Ownership 35.00%   35.00%
Carrying Value $ 8,088   $ 8,721
Share of Earnings/Dividends (632) 0  
Strategic Developments | Equity Method Investments      
Investment in Real Estate and Other Affiliates      
Carrying Value 102,944   $ 98,431
Share of Earnings/Dividends $ 6,326 11,045  
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 $ 6,024   $ 5,989
Share of Earnings/Dividends $ 35 0  
Strategic Developments | HHMK Development | 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  
Strategic Developments | KR Holdings | Equity Method Investments      
Investment in Real Estate and Other Affiliates      
Economic/Legal Ownership 50.00%   50.00%
Carrying Value $ 161   $ 159
Share of Earnings/Dividends $ 2 $ 672