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QUARTERLY INFORMATION (UNAUDITED) (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 31, 2014
Sep. 30, 2014
Jan. 31, 2014
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2011
Real Estate Properties [Line Items]                              
Total revenues       $ 277,630 $ 262,636 $ 253,843 $ 260,909 $ 283,849 $ 258,714 $ 256,933 $ 261,243 $ 1,055,018 $ 1,060,739 $ 1,053,625  
Income from operations       8,687 94,007 89,858 85,032 104,335 97,386 97,253 76,169 277,584 375,143    
Income from continuing operations       (26,953) 44,432 48,331 53,205 87,406 57,204 44,077 64,292 119,015 252,979 115,317  
Discontinued operations               446 76 48 (516)   54    
Net income (loss)       (26,953) 44,432 48,331 53,205 87,852 57,280 44,125 63,776 119,015 253,033    
Net income (loss) attributable to the Company       (22,257) 37,569 41,895 46,164 76,556 49,342 37,958 55,294 103,371 219,150    
Net income (loss) attributable to common shareholders       $ (33,480) $ 26,346 $ 30,672 $ 34,941 $ 65,333 $ 38,119 $ 26,735 $ 44,071 $ 58,479 $ 174,258    
Basic per share/unit data attributable to common shareholders/unitholders:                              
Income (loss) from continuing operations, net of preferred dividends (in usd per share)       $ (0.20) $ 0.15 $ 0.18 $ 0.21 $ 0.38 $ 0.22 $ 0.16 $ 0.26 $ 0.34 $ 1.02    
Net income (loss) attributable to common shareholders (in usd per share)       (0.20) 0.15 0.18 0.21 0.38 0.22 0.16 0.26 0.34 1.02    
Diluted per share/unit data attributable to common shareholders/unitholders:                              
Income (loss) from continuing operations, net of preferred dividends (in usd per share)       (0.20) 0.15 0.18 0.20 0.38 0.22 0.16 0.26 0.34 1.02    
Net income (loss) attributable to common shareholders (in usd per share)       $ (0.20) $ 0.15 $ 0.18 $ 0.20 $ 0.38 $ 0.22 $ 0.16 $ 0.26 $ 0.34 $ 1.02    
Loss on impairment of real estate                       $ 105,945 $ 17,858 70,049  
Gain on investment             $ 16,560         16,560   2,400  
Gain on sales of real estate assets       $ 14,065   $ 14,173           32,232 5,342 1,980  
Gain (loss) on extinguishment of debt                       $ 256 87,893 (9,108)  
Chesterfield Mall                              
Diluted per share/unit data attributable to common shareholders/unitholders:                              
Loss on impairment of real estate       $ 102,280                      
Chapel Hill Mall and Lakeshore Mall                              
Diluted per share/unit data attributable to common shareholders/unitholders:                              
Loss on impairment of real estate                     $ 17,150        
Citadel Mall                              
Diluted per share/unit data attributable to common shareholders/unitholders:                              
Loss on impairment of real estate                           $ 20,453  
Gain (loss) on extinguishment of debt     $ 43,932               $ 43,932        
Chapel Hill Suburban                              
Diluted per share/unit data attributable to common shareholders/unitholders:                              
Loss on impairment of real estate                         $ 12,050    
Gain (loss) on extinguishment of debt   $ 18,296             $ 18,296            
Columbia Place                              
Diluted per share/unit data attributable to common shareholders/unitholders:                              
Loss on impairment of real estate                             $ 50,683
Gain (loss) on extinguishment of debt $ 27,171             $ 27,171