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DISPOSITIONS AND DISCONTINUED OPERATIONS (Summary) (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2015
Nov. 30, 2015
Jul. 31, 2015
Jun. 30, 2015
Apr. 30, 2015
Oct. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
May. 31, 2014
Jan. 31, 2014
Aug. 31, 2013
Mar. 31, 2013
Jan. 31, 2013
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Sep. 30, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2011
Apr. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross                                         $ 104,860 $ 18,615 $ 220,425    
Sales Price, Net                                         103,537 17,886 215,450    
Gain/ (Loss)                                         21,331 937 1,144    
Loss on impairment                                         105,945 17,858 70,049    
Note receivable from sale of mall $ 18,238                         $ 18,238   $ 19,811         18,238 19,811      
Fair value of long-lived assets 125,000                         125,000   69,103         125,000 69,103      
Gain (loss) on extinguishment of debt                                         256 87,893 (9,108)    
Loss on discontinued operations                                           681      
Fair Value, Inputs, Level 3                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Fair value of long-lived assets 125,000                         125,000   69,103         125,000 69,103      
Notes Receivable                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Note receivable from sale of mall 10,462                         10,462   10,488         10,462 10,488      
EastGate Crossing                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Earn out proceeds, amount earned                           625                      
Earn out proceeds                           1,740                      
Net proceeds from related to the lease of a tenant space                           574                      
Columbia Place, Chapel Hill Mall and Citadel Mall                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Balance of Non-recourse Debt                                         163,997 163,997      
Gain (loss) on extinguishment of debt                                         89,399 89,399      
Mayfaire Community Center                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross 56,300                                                
Sales Price, Net 55,955                                                
Gain/ (Loss) 0                                                
Loss on impairment                           397                      
Chapel Hill Crossing                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross 2,300                                                
Sales Price, Net 2,178                                                
Gain/ (Loss) $ 0                                                
Loss on impairment                           $ 1,914                      
Waynesville Commons                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross   $ 14,500                                              
Sales Price, Net   14,289                                              
Gain/ (Loss)   $ 5,071                                              
Madison Plaza                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross     $ 5,700                                            
Sales Price, Net     5,472                                            
Gain/ (Loss)     $ 2,769                                            
EastGate Crossing                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross       $ 21,060                                          
Sales Price, Net       20,688                                          
Gain/ (Loss)       13,491                                          
Disposition of real estate by assignment of mortgage debt       $ 14,570                                 $ 14,570 0 0    
Madison Square                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross         $ 5,000                                        
Sales Price, Net         4,955                                        
Gain/ (Loss)         $ 0                                        
Loss on impairment                             $ 2,620                    
Pemberton Plaza                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross             $ 1,975                                    
Sales Price, Net             1,886                                    
Gain/ (Loss)             0                                    
Loss on impairment                                 $ 497                
Foothills Plaza Expansion                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross               $ 2,640                                  
Sales Price, Net               2,387                                  
Gain/ (Loss)               $ 937                                  
Lakeshore Mall                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross                 $ 14,000                                
Sales Price, Net                 13,613                                
Gain/ (Loss)                 0                                
Loss on impairment                                   $ 106 $ 5,100            
Lakeshore Mall | Fair Value, Inputs, Level 3                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Fair value of long-lived assets                                                 $ 13,780
Lakeshore Mall | Notes Receivable                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Note receivable from sale of mall                 10,000                                
Lakeshore Mall | Cash                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Net                 $ 4,000                                
Columbia Place                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Loss on impairment                                               $ 50,683  
Balance of Non-recourse Debt           $ 27,265                                      
Gain (loss) on extinguishment of debt           $ 27,171                   $ 27,171                  
Non-cash default interest expense                                               $ 3,181  
Chapel Hill Suburban                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Loss on impairment                                           12,050      
Balance of Non-recourse Debt             68,563                                    
Gain (loss) on extinguishment of debt             $ 18,296                   $ 18,296                
Non-cash default interest expense                                           $ 1,514      
Citadel Mall                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Loss on impairment                                             20,453    
Balance of Non-recourse Debt                   $ 68,169                              
Gain (loss) on extinguishment of debt                   $ 43,932                 $ 43,932            
Georgia Square, Georgia Square Plaza, Panama City Mall, The Shoppes at Panama City, RiverGate Mall, Village at RiverGate                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross                     $ 176,000                            
Sales Price, Net                     171,977                            
Gain/ (Loss)                     $ (19)                            
1500 Sunday Drive                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross                       $ 8,300                          
Sales Price, Net                       7,862                          
Gain/ (Loss)                       (549)                          
Peninsula I & II                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross                       5,250                          
Sales Price, Net                       5,121                          
Gain/ (Loss)                       $ 598                          
Lake Point & SunTrust                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Sales Price, Gross                         $ 30,875                        
Sales Price, Net                         30,490                        
Gain/ (Loss)                         $ 823                        
706 & 708 Green Valley Road                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Gain/ (Loss)                                             281    
Various                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Gain/ (Loss)                                             $ 10    
Georgia Square, Georgia Square Plaza, Panama City Mall, The Shoppes at Panama City, RiverGate Mall, Village at RiverGate                                                  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                                  
Loss on discontinued operations                                       $ 5,234