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MORTGAGES, NOTES AND LOANS PAYABLE, NET (Narrative) (Details)
6 Months Ended 12 Months Ended
May 20, 2020
USD ($)
Mar. 27, 2020
USD ($)
Mar. 05, 2020
USD ($)
Jan. 07, 2020
USD ($)
Oct. 17, 2019
USD ($)
extention_option
Sep. 21, 2018
Sep. 18, 2018
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
USD ($)
bond
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Feb. 02, 2021
USD ($)
Jun. 30, 2020
USD ($)
loan_agreement
Mar. 26, 2020
USD ($)
Mar. 04, 2020
USD ($)
Feb. 28, 2019
USD ($)
Debt Instrument [Line Items]                                
Amount outstanding               $ 4,320,166,000 $ 4,320,166,000              
Special Improvement District bond transfers associated with land sales                 $ 10,122,000 $ 22,423,000 $ 10,937,000          
Weighted average interest rate               4.34% 4.34% 4.75%            
Pledged assets, not separately reported               $ 4,500,000,000 $ 4,500,000,000              
Operating Assets                                
Debt Instrument [Line Items]                                
Amount outstanding               2,052,295,000 2,052,295,000 $ 2,338,317,000            
Self Storage Facility | Operating Assets                                
Debt Instrument [Line Items]                                
Amount outstanding                         $ 10,900,000      
Number of loan agreements | loan_agreement                         2      
Special Improvement District bonds                                
Debt Instrument [Line Items]                                
Special Improvement District bond transfers associated with land sales                 10,122,000              
Senior Notes due 2029 | Senior Notes | Subsequent Event                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued                       $ 650,000,000        
Interest rate (as a percent)                       4.125%        
Senior Notes due 2031 | Senior Notes | Subsequent Event                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued                       $ 650,000,000        
Interest rate (as a percent)                       4.375%        
Senior Notes due 2025 | Senior Notes                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued               $ 1,000,000,000 $ 1,000,000,000              
Interest rate (as a percent)               5.375% 5.375%              
Amount outstanding               $ 1,000,000,000 $ 1,000,000,000 1,000,000,000            
Senior Notes due 2025 | Senior Notes | Subsequent Event                                
Debt Instrument [Line Items]                                
Debt repurchased                       $ 512,500,000        
$700 Million Loan Maturity September 2023                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued             $ 700,000,000.0                  
Option to increase borrowing capacity             50,000,000.0                  
$700 Million Loan Maturity September 2023 | Term Loan                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued             615,000,000.0 615,000,000.0 615,000,000.0   $ 615,000,000.0          
Debt instrument covered, percent           100.00%                    
Fixed interest rate           4.61%                    
$700 Million Loan Maturity September 2023 | Line of Credit | Revolving Credit Facility                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued             $ 85,000,000.0                  
Amount outstanding               0 0              
The Bridgeland And Woodlands Credit Facility | Term Loan                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued         $ 100,000,000.0                      
The Bridgeland And Woodlands Credit Facility | Line of Credit                                
Debt Instrument [Line Items]                                
Extension option, term         1 year                      
Facility amount         $ 250,000,000.0     250,000,000 250,000,000              
Number of extension options | extention_option         2                      
The Bridgeland And Woodlands Credit Facility | Line of Credit | Revolving Credit Facility                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued         $ 150,000,000.0                      
Amount outstanding               50,000,000.0 $ 50,000,000.0              
Revolver Loan | Line of Credit | Revolving Credit Facility                                
Debt Instrument [Line Items]                                
Amount outstanding                         $ 61,300,000      
One-month LIBOR                                
Debt Instrument [Line Items]                                
Interest rate margin (as a percent)                 0.14%              
One-month LIBOR | $700 Million Loan Maturity September 2023                                
Debt Instrument [Line Items]                                
Interest rate margin (as a percent)             1.65%                  
One-month LIBOR | The Bridgeland And Woodlands Credit Facility | Line of Credit                                
Debt Instrument [Line Items]                                
Interest rate margin (as a percent)         2.50%                      
Creekside Park The Grove | Construction Loans                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued       $ 43,400,000                        
Extension option, term       1 year                        
Creekside Park The Grove | LIBOR | Construction Loans                                
Debt Instrument [Line Items]                                
Interest rate margin (as a percent)       1.75%                        
Three Hughes Landing                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued     $ 61,000,000.0                       $ 61,200,000  
Extension option, term     12 months                          
Three Hughes Landing | Operating Assets                                
Debt Instrument [Line Items]                                
Amount outstanding               0 $ 0 59,822,000            
Three Hughes Landing | One-month LIBOR                                
Debt Instrument [Line Items]                                
Interest rate margin (as a percent)     2.60%                          
Kō'ula | Construction Loans                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued   $ 356,800,000                            
Interest rate margin (as a percent)   3.00%                            
Extension option, term   1 year                            
The Woodlands Towers at the Waterway and The Woodlands Warehouse | Bridge Loan                                
Debt Instrument [Line Items]                                
Aggregate principal amount of debt issued $ 280,300,000                         $ 137,000,000.0    
Extension option, term 6 months                              
The Woodlands Towers at the Waterway and The Woodlands Warehouse | LIBOR | Bridge Loan                                
Debt Instrument [Line Items]                                
Interest rate margin (as a percent) 2.35%                              
Interest rate margin, extension option 2.90%                              
1201 Lake Robbins and The Woodlands Warehouse                                
Debt Instrument [Line Items]                                
Amount outstanding               280,000,000 $ 280,000,000              
Summerlin | Special Improvement District bonds                                
Debt Instrument [Line Items]                                
Number of bonds issued | bond                 1              
Special Improvement District bond transfers associated with land sales                 $ 10,100,000              
The Woodlands Resort & Conference Center                                
Debt Instrument [Line Items]                                
Amount outstanding                         $ 62,500,000      
The Woodlands Resort & Conference Center | COVID-19                                
Debt Instrument [Line Items]                                
Decrease for forgiveness               $ 24,100,000                
The Woodlands Resort & Conference Center | Operating Assets                                
Debt Instrument [Line Items]                                
Amount outstanding                   $ 62,500,000           $ 62,500,000