CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income (loss)	$ 8,554	$ (1,716)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation, depletion and amortization	2,288	2,915
Deferred income tax expense	1,106	159
Cost of real estate sold	1,434	2,748
Expenditures for and acquisition of real estate to be sold	(1,249)	(2,213)
Deferred revenue	(160)	(64)
Accretion income and other	(365)	(658)
Changes in operating assets and liabilities:
Notes receivable	65	1,980
Claim settlement receivable	(12,548)	0
Other assets	1,004	(997)
Other liabilities	2,165	152
Income taxes receivable	2,137	(1,233)
Net cash provided by operating activities	4,431	1,073
Cash flows from investing activities:
Expenditures for Pier Park North joint venture	(277)	(1,716)
Purchases of property and equipment	(347)	(900)
Purchases of investments	(9,275)	0
Maturities of investments	0	125,000
Sales of investments	8,460	129,149
Maturities of assets held by special purpose entities	415	416
Net cash (used in) provided by investing activities	(1,024)	251,949
Cash flows from financing activities:
Repurchase of common shares	(14,820)	0
Borrowings on construction/refinanced loan in Pier Park joint venture	0	2,171
Principal payments for debt	(35)	0
Net cash (used in) provided by financing activities	(14,855)	2,171
Net (decrease) increase in cash and cash equivalents	(11,448)	255,193
Cash and cash equivalents at beginning of the period	212,773	34,515
Cash and cash equivalents at end of the period	201,325	289,708
Cash paid during the period for:
Interest expense	5,664	4,864
Income taxes	0	0
Non-cash financing and investing activities:
Increase in Community Development District debt	174	671
Decrease in pledged treasury securities related to defeased debt	0	158
Expenditures for operating properties and property and equipment financed through accounts payable	$ 4	$ 4