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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES - Summary of Investments in Unconsolidated Affiliates (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014
Schedule of Equity Method Investments [Line Items] |  |  |  |  |
Real estate under development | $ 533,295 |  | $ 533,295 |  | $ 447,390
Investments in and advances to unconsolidated affiliates | 166,632 |  | 166,632 |  | 184,352
Total assets | 2,973,699 |  | 2,973,699 |  | 2,732,600
Other liabilities | 27,616 |  | 27,616 |  | 25,148
Total liabilities and equity | 2,973,699 |  | 2,973,699 |  | 2,732,600
Distributions in excess of income from, and investments in, unconsolidated affiliates | (13,161) |  | (13,161) |  | (12,564)
Total revenues | 53,161 | $ 49,511 | 105,642 | $ 96,196 |
Operating Expenses | (40,122) | (30,677) | (77,455) | (62,641) |
Equity in earnings of unconsolidated affiliates | 3,406 | 1,430 | 9,999 | 4,459 |
Depreciation and amortization | (13,903) | (11,584) | (27,561) | (23,171) |
Loss on debt extinguishment | (25) | (66) | (134) | (269) |
Income from continuing operations | 85,458 | 11,308 | 123,995 | 30,423 |
Unconsolidated Affiliates |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |
Rental property, net | 322,352 |  | 322,352 |  | 387,739
Real estate under development | 0 |  | 0 |  | 60,476
Investments in and advances to unconsolidated affiliates | 7,548 |  | 7,548 |  | 11,154
Other assets | 59,917 |  | 59,917 |  | 62,862
Total assets | 389,817 |  | 389,817 |  | 522,231
Loans Payable to Bank | 266,109 |  | 266,109 |  | 315,897
Other liabilities | 17,714 |  | 17,714 |  | 66,116
Partners’ equity | 105,994 |  | 105,994 |  | 140,218
Total liabilities and equity | 389,817 |  | 389,817 |  | $ 522,231
Total revenues | 10,342 | 12,247 | 22,015 | 24,352 |
Operating Expenses | (3,102) | (5,503) | (6,833) | (9,318) |
Interest Expense | (2,259) | (2,975) | (4,897) | (5,500) |
Equity in earnings of unconsolidated affiliates | 0 | 0 | 66,655 | (328) |
Depreciation and amortization | (2,787) | (3,475) | (5,037) | (6,181) |
Loss on debt extinguishment | 0 | 0 | 0 | (187) |
Gain (Loss) On Disposition Of Property Of Equity Method Investment | 25,208 | 239 | 25,208 | 239 |
Income from continuing operations | 27,402 | 533 | 97,111 | 3,077 |
Operating Partnership, as General Partner or Managing Member |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |
Equity in earnings of unconsolidated affiliates | 20,511 | 1,430 | 27,104 | 4,459 |
Company’s share of net income | 20,609 | 1,528 | 27,300 | 4,655 |
Amortization of Excess Investment | $ (98) | $ (98) | $ (196) | $ (196) |

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