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REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Footnote) (Details) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012
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Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |
Capitalized interest | $ 61,202 | [1] | $ 54,060 | [1] | $ 32,992 | [1] | $ 21,600
Equity Method Land Ventures [Member] |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |
Capitalized interest | $ 445 |  | $ 490 |  | $ 511 |  |
[1] | Approximately $445,000, $490,000 and $511,000 of the capitalized interest is related to our joint venture investments and is a component of “Investments in unconsolidated entities” in our consolidated balance sheet as of December 31, 2015, 2014 and 2013, respectively.

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- Definition Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
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