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INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES - Summary of Investments in Unconsolidated Affiliates (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015
Schedule of Equity Method Investments [Line Items] |  |  |  |  |
Real estate under development | $ 676,592 |  | $ 676,592 |  | $ 609,574
Investments in and advances to unconsolidated affiliates | 273,576 |  | 273,576 |  | 173,277
Total assets | 3,578,519 |  | 3,578,519 |  | 3,032,319
Other liabilities | 108,828 |  | 108,828 |  | 31,000
Total liabilities and equity | 3,578,519 |  | 3,578,519 |  | 3,032,319
Distributions in excess of income from, and investments in, unconsolidated affiliates | (24,249) |  | (24,249) |  | (13,244)
Total revenues | 51,100 | $ 56,852 | 155,116 | $ 162,494 |
Operating Expenses | (42,601) | (37,917) | (115,277) | (115,372) |
Equity in earnings of unconsolidated affiliates | (102) | 2,195 | 3,592 | 12,194 |
Depreciation and amortization | (15,217) | (17,461) | (46,744) | (45,022) |
Operating Partnership, as General Partner or Managing Member |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |
Equity in earnings of unconsolidated affiliates | (102) | 9,133 | 3,592 | 36,237 |
Company’s share of net income | 377 | 9,231 | 4,267 | 36,531 |
Amortization of Excess Investment | (479) | (98) | (675) | (294) |
Unconsolidated Affiliates |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |
Rental property, net | 734,311 |  | 734,311 |  | 302,976
Real estate under development | 23,486 |  | 23,486 |  | 35,743
Investments in and advances to unconsolidated affiliates | 6,853 |  | 6,853 |  | 6,853
Other assets | 95,264 |  | 95,264 |  | 47,083
Total assets | 859,914 |  | 859,914 |  | 392,655
Loans Payable to Bank | 499,899 |  | 499,899 |  | 192,684
Other liabilities | 51,472 |  | 51,472 |  | 21,945
Partners’ equity | 308,543 |  | 308,543 |  | 178,026
Total liabilities and equity | 859,914 |  | 859,914 |  | $ 392,655
Total revenues | 26,590 | 10,712 | 58,984 | 32,727 |
Operating Expenses | (7,066) | (3,022) | (18,082) | (9,855) |
Interest Expense | (5,242) | (2,183) | (11,355) | (7,080) |
Equity in earnings of unconsolidated affiliates | 0 | 0 | 0 | 66,655 |
Depreciation and amortization | (15,398) | (2,791) | (24,262) | (7,828) |
(Loss) gain on disposition of property | (1,452) | 7,416 | (1,452) | 32,623 |
Income from continuing operations | $ (2,568) | $ 10,132 | $ 3,833 | $ 107,242 |

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