Brookfield Property REIT (BPYU) 10-K 21 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Billions, except Share data, unless otherwise specified	Dec. 31, 2013	Feb. 18, 2014	Jun. 30, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'General Growth Properties, Inc.	'	'
Entity Central Index Key	'0001496048	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$11.20
Entity Common Stock, Shares Outstanding	'	883,679,074	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Investment in real estate:	'	'
Land	$4,320,597	$4,278,471
Buildings and equipment	18,270,748	18,806,858
Less accumulated depreciation	-1,884,861	-1,440,301
Construction in progress	406,930	376,529
Net property and equipment	21,113,414	22,021,557
Investment in and loans to/from Unconsolidated Real Estate Affiliates	2,407,698	2,865,871
Net investment in real estate	23,521,112	24,887,428
Cash and cash equivalents	577,271	624,815
Accounts and notes receivable, net	478,899	260,860
Deferred expenses, net	189,452	179,837
Prepaid expenses and other assets	995,569	1,329,465
Total assets	25,762,303	27,282,405
Liabilities:	'	'
Mortgages, notes and loans payable	15,672,437	15,966,866
Investment in Unconsolidated Real Estate Affiliates	17,405	'
Accounts payable and accrued expenses	989,367	1,212,231
Dividend payable	134,476	103,749
Deferred tax liabilities	24,667	28,174
Tax indemnification liability	303,586	303,750
Junior subordinated notes	206,200	206,200
Warrant liability	'	1,488,196
Total liabilities	17,348,138	19,309,166
Redeemable noncontrolling interests:	'	'
Preferred	131,881	136,008
Common	97,021	132,211
Total redeemable noncontrolling interests	228,902	268,219
Commitments and Contingencies	'	'
Equity:	'	'
Common stock: 11,000,000,000 shares authorized, $0.01 par value, 966,998,908 issued, 911,194,605 outstanding as of December 31, 2013, and 939,049,318 shares issued and outstanding as of December 31, 2012	9,395	9,392
Preferred Stock: 500,000,000 shares authorized, $.01 par value, 10,000,000 shares issued and outstanding as of December 31, 2013 and none issued and outstanding as of December 31, 2012	242,042	'
Additional paid-in capital	11,372,443	10,432,447
Retained earnings (accumulated deficit)	-2,915,723	-2,732,787
Accumulated other comprehensive loss	-38,173	-87,354
Common stock in treasury, at cost, 28,345,108 shares as of December 31, 2013 and none as of December 31, 2012	-566,863	'
Total stockholders' equity	8,103,121	7,621,698
Noncontrolling interests in consolidated real estate affiliates	82,142	83,322
Total equity	8,185,263	7,705,020
Total liabilities and equity	$25,762,303	$27,282,405

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED BALANCE SHEETS	'	'
Common stock, shares authorized	11,000,000,000	11,000,000,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares issued	966,998,908	939,049,318
Common stock, shares outstanding	911,194,605	939,049,318
Preferred Stock, shares authorized	500,000,000	500,000,000
Preferred Stock, par value (in dollars per share)	$0.01	$0.01
Preferred Stock, shares issued	10,000,000	0
Preferred Stock, shares outstanding	10,000,000	0
Common stock in treasury, shares	28,345,108	0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:	'	'	'
Minimum rents	$1,588,883	$1,549,933	$1,508,424
Tenant recoveries	723,634	700,914	694,645
Overage rents	56,212	69,756	60,021
Management fees and other corporate revenues	68,792	71,949	61,163
Other	89,866	74,286	72,707
Total revenues	2,527,387	2,466,838	2,396,960
Expenses:	'	'	'
Real estate taxes	243,941	219,139	215,838
Property maintenance costs	71,334	76,139	86,461
Marketing	26,214	33,263	32,857
Other property operating costs	352,466	361,345	365,404
Provision for doubtful accounts	4,068	4,017	4,864
Property management and other costs	164,777	159,600	186,879
General and administrative	49,237	39,120	30,811
Provision for impairment	18,361	32,100	916
Depreciation and amortization	764,830	782,552	854,544
Total expenses	1,695,228	1,707,275	1,778,574
Operating income	832,159	759,563	618,386
Interest income	7,699	2,374	1,950
Interest expense	-736,560	-794,550	-863,444
Loss on foreign currency	-7,312	'	'
Warrant liability adjustment	-40,546	-502,234	55,042
Gains from changes in control of investment properties	219,784	18,547	'
Loss on extinguishment of debt	-36,479	-15,007	'
Income (loss) before income taxes, equity in income of Unconsolidated Real Estate Affiliates, discontinued operations and allocation to noncontrolling interests	238,745	-531,307	-188,066
Benefit from (provision for) income taxes	-345	-9,091	-8,723
Equity in income of Unconsolidated Real Estate Affiliates	58,919	54,984	2,898
Equity in income of Unconsolidated Real Estate Affiliates - gain (loss) on investment (includes ($109.9 million) accumulated other comprehensive loss reclassifications for net foreign currency translation losses)	9,837	23,358	'
Income (loss) from continuing operations	307,156	-462,056	-193,891
Discontinued operations:	'	'	'
Loss from discontinued operations, including gains (losses) on dispositions	-15,851	-60,242	-112,913
Gain on extinguishment of debt	25,894	50,765	'
Discontinued operations, net	10,043	-9,477	-112,913
Net income (loss)	317,199	-471,533	-306,804
Allocation to noncontrolling interests	-14,671	-9,700	-6,368
Net income (loss) attributable to General Growth Properties, Inc.	302,528	-481,233	-313,172
Preferred Stock dividends	-14,078	'	'
Net income (loss) attributable to common stockholders	288,450	-481,233	-313,172
Basic Earnings (Loss) Per Share:	'	'	'
Continuing operations (in dollars per share)	$0.30	($0.51)	($0.21)
Discontinued operations (in dollars per share)	$0.01	($0.01)	($0.12)
Total basic earnings (loss) per share (in dollars per share)	$0.31	($0.52)	($0.33)
Diluted Earnings (Loss) Per Share:	'	'	'
Continuing operations (in dollars per share)	$0.30	($0.51)	($0.25)
Discontinued operations (in dollars per share)	$0.01	($0.01)	($0.12)
Total diluted earnings (loss) per share (in dollars per share)	$0.31	($0.52)	($0.37)
Comprehensive Income (Loss), Net:	'	'	'
Net income (loss)	317,199	-471,533	-306,804
Other comprehensive income (loss):	'	'	'
Foreign currency translation (year ended December 31, 2013 includes reclassification of ($109.9 million) accumulated other comprehensive loss into Net income attributable to common stockholders)	49,644	-39,674	-48,545
Unrealized gains on available-for-sale securities	-70	-165	263
Other comprehensive income (loss)	49,574	-39,839	-48,282
Comprehensive income (loss)	366,773	-511,372	-355,086
Comprehensive loss allocated to noncontrolling interests	-15,064	-9,442	-6,031
Comprehensive income (loss) attributable to General Growth Properties, Inc.	351,709	-520,814	-361,117
Preferred stock dividends	-14,078	'	'
Comprehensive income (loss), net, attributable to common stockholders	$337,631	($520,814)	($361,117)

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)	'
Amount reclassified from accumulated other comprehensive loss into net income attributable to common stockholders	$109.90

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Common Stock in Treasury	Noncontrolling Interests in Consolidated Real Estate Affiliates
In Thousands, unless otherwise specified
Balance at beginning of year at Dec. 31, 2010	$10,181,749	$9,419	'	$10,681,586	($612,075)	$172	'	$102,647
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'	'
Net income (loss)	-314,247	'	'	'	-313,172	'	'	-1,075
Issuance of stock, net of issuance costs	'	223	'	-244	21	'	'	'
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	-5,556	'	'	'	'	'	'	-5,556
Restricted stock grants, net of forfeitures (18,444, (85,452) and (341,895) common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	11,268	-3	'	11,578	-307	'	'	'
Stock option grants, net of forfeitures (344,670, 617,842 and 121,439 common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	835	1	'	834	'	'	'	'
Purchase and cancellation of common shares ((35,833,537) common shares)	-553,510	-358	'	-398,590	-154,562	'	'	'
Cash dividends reinvested (DRIP) in stock (28,852, 3,111,365 and 7,225,345 common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	115,363	71	'	115,292	'	'	'	'
Other comprehensive loss	-47,945	'	'	'	'	-47,945	'	'
Cash distributions declared ($0.51, $0.42 and $0.40 per share for the year ended December 31, 2013, 2012 and 2011, respectively)	-376,840	'	'	-16	-376,824	'	'	'
Cash redemptions for common units in excess of carrying value	-648	'	'	-648	'	'	'	'
Fair value adjustment for noncontrolling interest in Operating Partnership	-4,474	'	'	-4,474	'	'	'	'
Dividend for RPI Spin-off	-426,650	'	'	'	-426,650	'	'	'
Balance at end of year at Dec. 31, 2011	8,579,345	9,353	'	10,405,318	-1,883,569	-47,773	'	96,016
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'	'
Net income (loss)	-480,449	'	'	'	-481,233	'	'	784
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	-13,478	'	'	'	'	'	'	-13,478
Restricted stock grants, net of forfeitures (18,444, (85,452) and (341,895) common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	8,887	-1	'	8,888	'	'	'	'
Employee stock purchase program (135,317 and 98,076 common shares for the year ended December 31, 2013 and 2012, respectively)	1,605	1	'	1,604	'	'	'	'
Stock option grants, net of forfeitures (344,670, 617,842 and 121,439 common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	19,859	6	'	19,853	'	'	'	'
Cash dividends reinvested (DRIP) in stock (28,852, 3,111,365 and 7,225,345 common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	48,523	33	'	48,490	'	'	'	'
Other comprehensive loss	-39,581	'	'	'	'	-39,581	'	'
Cash distributions declared ($0.51, $0.42 and $0.40 per share for the year ended December 31, 2013, 2012 and 2011, respectively)	-394,029	'	'	'	-394,029	'	'	'
Cash redemptions for common units in excess of carrying value	-1,083	'	'	-1,083	'	'	'	'
Fair value adjustment for noncontrolling interest in Operating Partnership	-50,623	'	'	-50,623	'	'	'	'
Dividend for RPI Spin-off	26,044	'	'	'	26,044	'	'	'
Balance at end of year at Dec. 31, 2012	7,705,020	9,392	'	10,432,447	-2,732,787	-87,354	'	83,322
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'	'	'
Net income (loss)	305,631	'	'	'	302,528	'	'	3,103
Issuance of stock, net of issuance costs	242,042	'	242,042	'	'	'	'	'
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	-4,283	'	'	'	'	'	'	-4,283
Restricted stock grants, net of forfeitures (18,444, (85,452) and (341,895) common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	8,340	'	'	8,340	'	'	'	'
Employee stock purchase program (135,317 and 98,076 common shares for the year ended December 31, 2013 and 2012, respectively)	2,708	'	'	2,708	'	'	'	'
Stock option grants, net of forfeitures (344,670, 617,842 and 121,439 common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	35,998	3	'	35,995	'	'	'	'
Treasury stock purchases (28,345,108 common shares)	-566,863	'	'	'	'	'	-566,863	'
Cash dividends reinvested (DRIP) in stock (28,852, 3,111,365 and 7,225,345 common shares for the year ended December 31, 2013, 2012 and 2011, respectively)	613	'	'	613	'	'	'	'
Other comprehensive loss before reclassifications	-60,680	'	'	'	'	-60,680	'	'
Amounts reclassified from Accumulated Other Comprehensive Loss	109,861	'	'	'	'	109,861	'	'
Cash distributions declared ($0.51, $0.42 and $0.40 per share for the year ended December 31, 2013, 2012 and 2011, respectively)	-471,386	'	'	'	-471,386	'	'	'
Cash distributions on Preferred Stock	-14,078	'	'	'	-14,078	'	'	'
Fair value adjustment for noncontrolling interest in Operating Partnership	-3,173	'	'	-3,173	'	'	'	'
Common stock warrants	895,513	'	'	895,513	'	'	'	'
Balance at end of year at Dec. 31, 2013	$8,185,263	$9,395	$242,042	$11,372,443	($2,915,723)	($38,173)	($566,863)	$82,142

CONSOLIDATED_STATEMENTS_OF_EQU1

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Restricted stock grants, forfeitures, shares	18,444	-85,452	-341,895
Employee stock purchase program, shares	135,317	98,076	'
Stock option grants, forfeitures, shares	344,670	617,842	121,439
Treasury stock purchases, shares	28,345,108	'	'
Purchase and cancellation of common shares (in shares)	'	'	-35,833,537
Cash dividends reinvested (DRIP) in stock, shares	28,852	3,111,365	7,225,345
Cash distributions declared (in dollars per share)	$0.51	$0.42	$0.40
Common Stock	'	'	'
Issuance of stock (in shares)	'	'	22,256,121

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash Flows provided by Operating Activities:	'	'	'
Net income (loss)	$317,199	($471,533)	($306,804)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'	'
Equity in income of Unconsolidated Real Estate Affiliates	-58,919	-54,984	-2,898
Equity in income of Unconsolidated Real Estate Affiliates - gain on investment, net	-9,837	-23,358	'
Distributions received from Unconsolidated Real Estate Affiliates	53,592	35,399	18,226
Provision for doubtful accounts	4,095	4,807	7,944
Depreciation and amortization	773,255	813,953	985,686
Amortization/write-off of deferred finance costs	9,453	5,380	2,705
Accretion/write-off of debt market rate adjustments	9,698	-39,798	-60,093
Amortization of intangibles other than in-place leases	84,229	105,871	144,239
Straight-line rent amortization	-49,780	-61,963	-89,728
Deferred income taxes	-3,847	1,655	-3,148
Gain (loss) on dispositions, net	811	-24,426	-4,332
Gains from changes in control of investment properties	-219,784	-18,547	'
Gain on extinguishment of debt	-25,894	-60,676	'
Provisions for impairment	30,936	118,588	68,382
Warrant liability adjustment	40,546	502,234	-55,042
Net changes:	'	'	'
Accounts and notes receivable	-5,615	4,985	-30,239
Prepaid expenses and other assets	25,273	8,956	13,741
Deferred expenses	-44,877	-45,518	-67,719
Restricted cash	16,894	50,864	17,407
Accounts payable and accrued expenses	-80,902	-63,945	-135,448
Other, net	23,005	19,159	-77
Net cash provided by operating activities	889,531	807,103	502,802
Cash Flows provided by (used in) Investing Activities:	'	'	'
Acquisition of real estate and property additions	-465,566	-362,358	-45,034
Development of real estate and property improvements	-516,906	-339,988	-208,242
Proceeds from sales of investment properties and Unconsolidated Real Estate Affiliates	1,006,357	397,251	702,778
Contributions to Unconsolidated Real Estate Affiliates	-87,909	-265,107	-92,101
Distributions received from Unconsolidated Real Estate Affiliates in excess of income	222,053	372,205	131,290
Increase (decrease) in restricted cash	8,831	-23,455	-2,975
Other, net	'	'	-293
Net cash provided by (used in) investing activities	166,860	-221,452	485,423
Cash Flows used in Financing Activities:	'	'	'
Proceeds from refinancing/issuance of mortgages, notes and loans payable	5,501,047	5,622,525	2,145,848
Principal payments on mortgages, notes and loans payable	-5,155,453	-5,796,656	-2,797,540
Deferred finance costs	-20,548	-34,137	-19,541
Net proceeds from issuance of Preferred Stock	242,042	'	'
Purchase of Warrants	-633,229	'	'
Treasury stock purchases	-566,863	'	'
Purchase and cancellation of common shares	'	'	-553,510
Cash distributions paid to common stockholders	-447,195	-384,339	-319,799
Cash distributions reinvested (DRIP) in common stock	614	48,523	115,363
Cash distributions paid to preferred stockholders	-10,093	'	'
Cash distributions and redemptions paid to holders of common units	-36,894	-3,812	-6,802
Other, net	22,637	14,188	-683
Net cash used in financing activities	-1,103,935	-533,708	-1,436,664
Net change in cash and cash equivalents	-47,544	51,943	-448,439
Cash and cash equivalents at beginning of year	624,815	572,872	1,021,311
Cash and cash equivalents at end of year	577,271	624,815	572,872
Supplemental Disclosure of Cash Flow Information:	'	'	'
Interest paid	834,155	859,809	903,758
Interest capitalized	11,210	1,489	1,914
Income taxes paid	6,313	2,664	9,422
Reorganization items paid	'	'	128,070
Third party property exchange	'	'	44,672
Accrued capital expenditures included in accounts payable and accrued expenses	103,988	96,300	95,462
Non-Cash Transactions:	'	'	'
Notes receivable related to sale of investment property and Aliansce	151,127	'	'
Gain on investment in Unconsolidated Real Estate Affiliates	9,837	23,358	'
Amendment of warrant agreement	895,513	'	'
Debt payoffs via deeds in-lieu	'	'	161,524
Rouse Properties, Inc. Dividend:	'	'	'
Non-cash dividend for RPI Spin-off	'	-26,044	426,650
Non-Cash Distribution of RPI Spin-off:	'	'	'
Assets	'	1,554,486	'
Liabilities and equity	'	-1,554,486	'
Non-Cash Acquisition of The Oaks and Westroads	'	'	'
Assets (Consolidated)	'	218,071	'
Liabilities and equity (Consolidated)	'	-218,071	'
Decrease in assets and liabilities resulting from the contribution of two wholly owned malls into two newly-formed unconsolidated joint ventures	'	'	'
Assets	'	'	-349,942
Liabilities and equity	'	'	-234,962
Regional Mall Sold	'	'	'
Non-Cash Sale of Property	'	'	'
Assets	71,881	20,296	'
Liabilities and equity	-71,881	-20,296	'
Property Sold to HHC	'	'	'
Non-Cash Sale of Property	'	'	'
Assets	'	17,085	'
Liabilities and equity	'	-17,085	'
RPI	'	'	'
Non-Cash Sale of Property	'	'	'
Assets	'	63,672	'
Liabilities and equity	'	($63,672)	'

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2013
ORGANIZATION	'
ORGANIZATION	'
	NOTE 1 ORGANIZATION
	General Growth Properties, Inc. ("GGP" or the "Company"), a Delaware corporation, was organized in July 2010 and is a self-administered and self-managed real estate investment trust, referred to as a "REIT". GGP is the successor registrant, by merger, on November 9, 2010 to GGP Inc. GGP, Inc. had filed for bankruptcy protection under Chapter 11 of Title 11 of the United States Code ("Chapter 11") in the Southern District of New York on April 16, 2009 and emerged from bankruptcy, pursuant to a plan of reorganization (the "Plan") on November 9, 2010, the ("Effective Date"). In these notes, the terms "we," "us" and "our" refer to GGP and its subsidiaries or, in certain contexts, GGP, Inc. and its subsidiaries.
	The Plan was based on the agreements (collectively, as amended and restated, the "Investment Agreements") with REP Investments LLC, an affiliate of Brookfield Asset Management Inc. (including certain of its affiliates, "Brookfield"), an affiliate of Fairholme Funds, Inc. ("Fairholme") and an affiliate of Pershing Square Capital Management, L.P. ("Pershing Square" and together with Brookfield and Fairholme, the "Plan Sponsors"), pursuant to which GGP, Inc. would be divided into two companies, GGP and The Howard Hughes Corporation ("HHC"), and the Plan Sponsors would invest in the Company's standalone emergence plan. In addition, GGP, Inc. entered into an investment agreement with Teachers Retirement System of Texas ("Texas Teachers") to purchase shares of GGP common stock. The Plan Sponsors also entered into an agreement with affiliates of the Blackstone Group ("Blackstone") whereby Blackstone subscribed for equity in GGP.
	On the Effective Date, the Plan Sponsors, Blackstone and Texas Teachers owned a majority of the outstanding common stock of GGP. In addition, 120 million warrants (the "Warrants") to purchase our common stock were issued to the Plan Sponsors and Blackstone (Note 9).
	GGP, through its subsidiaries and affiliates, is an owner and operator of retail properties. As of December 31, 2013, we are the owner, either entirely or with joint venture partners of 120 regional malls. In addition to regional malls, as of December 31, 2013, we owned 13 strip/other retail properties, as well as six stand-alone office buildings. All material operations are within the United States and no customer or tenant accounts for more than 5% of our consolidated revenues.
	Substantially all of our business is conducted through GGP Limited Partnership (the "Operating Partnership" or "GGPLP"). GGPLP owns an interest in the properties that are part of the consolidated financial statements of GGP. As of December 31, 2013, GGP held approximately a 99% common equity ownership (without giving effect to the potential conversion of the Preferred Units, as defined below) of the Operating Partnership, while the remaining 1% was held by limited partners and certain previous contributors of properties to the Operating Partnership.
	The Operating Partnership has common units of limited partnership ("Common Units"), which are redeemable for cash or, at our option, shares of GGP common stock. It also has preferred units of limited partnership interest ("Preferred Units"), of which, certain Preferred Units can be converted into Common Units and then redeemed for cash or, at our option, shares of GGP common stock ("Convertible Preferred Units") (Note 11).
	In addition to holding ownership interests in various joint ventures, the Operating Partnership generally conducts its operations through General Growth Management, Inc. ("GGMI") and General Growth Services, Inc. ("GGSI"). GGMI and GGSI are taxable REIT subsidiaries ("TRS"s), which provide management, leasing, and other services for a majority of our Unconsolidated Real Estate Affiliates (defined below). GGMI and GGSI provide various services, including business development, tenant coordination, marketing, and strategic partnership services at substantially all of our Consolidated Properties, as defined below. GGSI also serves as a contractor to GGMI for these services.
	We refer to our ownership interests in properties in which we own a majority or controlling interest and, as a result, are consolidated under accounting principles generally accepted in the United States of America ("GAAP") as the "Consolidated Properties." We also own interests in certain properties through joint venture entities in which we own a noncontrolling interest ("Unconsolidated Real Estate Affiliates") and we refer to those properties as the "Unconsolidated Properties."

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation and Basis of Presentation
	The accompanying consolidated financial statements include the accounts of GGP, our subsidiaries and joint ventures in which we have a controlling interest. For consolidated joint ventures, the noncontrolling partner's share of the assets, liabilities and operations of the joint ventures (generally computed as the joint venture partner's ownership percentage) is included in noncontrolling interests in consolidated real estate affiliates as permanent equity of the Company. Intercompany balances and transactions have been eliminated.
	We operate in a single reportable segment which includes the operation, development and management of retail and other rental properties, primarily regional malls. Our portfolio is targeted to a range of market sizes and consumer tastes. Each of our operating properties is considered a separate operating segment, as each property earns revenues and incurs expenses, individual operating results are reviewed and discrete financial information is available. We do not distinguish or group our consolidated operations based on geography, size or type. Our operating properties have similar economic characteristics and provide similar products and services to our tenants. Further, all material operations are within the United States and no customer or tenant comprises more than 10% of consolidated revenues. As a result, the Company's operating properties are aggregated into a single reportable segment.
	Reclassifications
	Certain prior period amounts included in the Consolidated Statements of Operations and Comprehensive Income (Loss) and related footnotes associated with properties we have disposed of have been reclassified to discontinued operations for all periods presented (Note 4).
	Properties
	Real estate assets are stated at cost less any provisions for impairments. Expenditures for significant betterments and improvements are capitalized. Maintenance and repairs are charged to expense when incurred. Construction and improvement costs incurred in connection with the development of new properties or the redevelopment of existing properties are capitalized. Real estate taxes, interest costs, and internal costs associated with leasing and development overhead incurred during construction periods are capitalized. Capitalization is based on qualified expenditures and interest rates. Capitalized real estate taxes, interest costs, and internal costs associated with leasing and development overhead are amortized over lives which are consistent with the related assets.
	Pre-development costs, which generally include legal and professional fees and other third-party costs directly related to the construction assets, are capitalized as part of the property being developed. In the event a development is no longer deemed to be probable of occuring, the capitalized costs are expensed (see also our impairment policies in this note below).
	We periodically review the estimated useful lives of our properties, and may adjust them as necessary. The estimated useful lives of our properties range from 10-45 years.
	Depreciation or amortization expense is computed using the straight-line method based upon the following estimated useful lives:
		Years
	Buildings and improvements	10 - 45
	Equipment and fixtures	3 - 20
	Tenant improvements	Shorter of useful life or applicable lease term
	Acquisitions of Operating Properties (Note 3)
	Acquisitions of properties are accounted for utilizing the acquisition method of accounting and, accordingly, the results of operations of acquired properties have been included in the results of operations from the respective dates of acquisition. Estimates of future cash flows and other valuation techniques are used to allocate the purchase price of acquired property between land, buildings and improvements, equipment, assumed debt liabilities and identifiable intangible assets and liabilities such as amounts related to in-place tenant leases, acquired above and below-market tenant and ground leases, and tenant relationships. No significant value had been ascribed to tenant relationships.
	The fair values of tangible assets are determined on an "if vacant" basis. The "if vacant" fair value is allocated to land, where applicable, buildings, equipment and tenant improvements based on comparable sales and other relevant information with respect to the property. Specifically, the "if vacant" value of the buildings and equipment was calculated using a cost approach utilizing published guidelines for current replacement cost or actual construction costs for similar, recently developed properties; and an income approach. Assumptions used in the income approach to the value of buildings include: capitalization and discount rates, lease-up time, market rents, make ready costs, land value, and site improvement value.
	The estimated fair value of in-place tenant leases includes lease origination costs (the costs we would have incurred to lease the property to the current occupancy level of the property) and the lost revenues during the period necessary to lease-up from vacant to the current occupancy level. Such estimates include the fair value of leasing commissions, legal costs and tenant coordination costs that would be incurred to lease the property to this occupancy level. Additionally, we evaluate the time period over which such occupancy level would be achieved and include an estimate of the net operating costs (primarily real estate taxes, insurance and utilities) incurred during the lease-up period, which generally ranges up to one year. The fair value of acquired in-place tenant leases is included in the balance of buildings and equipment and amortized over the remaining lease term for each tenant.
	Identifiable intangible assets and liabilities are calculated for above-market and below-market tenant and ground leases where we are either the lessor or the lessee. The difference between the contractual rental rates and our estimate of market rental rates is measured over a period equal to the remaining non-cancelable term of the leases, including significantly below-market renewal options for which exercise of the renewal option appears to be reasonably assured. The remaining term of leases with renewal options at terms significantly below market reflect the assumed exercise of such below-market renewal options and assume the amortization period would coincide with the extended lease term.
	The gross asset balances of the in-place value of tenant leases are included in buildings and equipment in our Consolidated Balance Sheets.
		Gross Asset			Accumulated			Net Carrying
					Amortization			Amount
	As of December 31, 2013
	Tenant leases:
	In-place value	$	797,311		$	(420,370	)	$	376,941
	As of December 31, 2012
	Tenant leases:
	In-place value	$	972,495		$	(423,492	)	$	549,003
	The above-market tenant leases and below-market ground leases are included in Prepaid expenses and other assets (Note 14); the below-market tenant leases, above-market ground leases and above-market headquarters office lease are included in Accounts payable and accrued expenses (Note 15) in our Consolidated Balance Sheets.
	Amortization/accretion of all intangibles, including the intangibles in Note 14 and Note 15, had the following effects on our Income (loss) from continuing operations:
		Year Ended December 31,
		2013			2012			2011
	Amortization/accretion effect on continuing operations	$	(242,221	)	$	(335,883	)	$	(447,941	)
	Future amortization/accretion of these intangibles is estimated to decrease results from continuing operations as follows:
	Year	Amount
	2014	$	177,935
	2015		145,417
	2016		113,360
	2017		85,112
	2018		55,527
	Investments in Unconsolidated Real Estate Affiliates (Note 6)
	We account for investments in joint ventures where we own a non-controlling joint interest using the equity method. Under the equity method, the cost of our investment is adjusted for our share of the earnings of such Unconsolidated Real Estate Affiliates from the date of acquisition, increased by our contributions and reduced by distributions received.
	To determine the method of accounting for partially owned joint ventures, we evaluate the characteristics of associated entities and determine whether an entity is a variable interest entity ("VIE") and, if so, determine which party is primary beneficiary by analyzing whether we have both the power to direct the entity's significant economic activities and the obligation to absorb potentially significant losses or receive potentially significant benefits. Significant judgments and assumptions inherent in this analysis include the nature of the entity's operations, future cash flow projections, the entity's financing and capital structure, and contractual relationship and terms. We consolidate a VIE when we have determined that we are the primary beneficiary.
	Primary risks associated with our VIEs include the potential of funding the entities' debt obligations or making additional contributions to fund the entities' operations.
	Generally, the operating agreements with respect to our Unconsolidated Real Estate Affiliates provide that assets, liabilities and funding obligations are shared in accordance with our ownership percentages. Therefore, we generally also share in the profit and losses, cash flows and other matters relating to our Unconsolidated Real Estate Affiliates in accordance with our respective ownership percentages. Except for Retained Debt (as described in Note 7), differences between the carrying amount of our investment in the Unconsolidated Real Estate Affiliates and our share of the underlying equity of our Unconsolidated Real Estate Affiliates are typically amortized over lives ranging from five to 45 years. When cumulative distributions exceed our investment in the joint venture, the investment is reported as a liability in our consolidated financial statements. The liability is limited to our maximum potential obligation to fund contractual obligations, including recourse related to certain debt obligations.
	Partially owned, non-variable interest joint ventures over which we have controlling financial interest are consolidated in our consolidated financial statements. In determining if we have a controlling financial interest, we consider factors such as ownership interest, authority to make decisions, kick-out rights and substantive participating rights. Partially owned joint ventures where we do not have a controlling financial interest, but have the ability to exercise significant influence, are accounted for using the equity method.
	We continually analyze and assess reconsideration events, including changes in the factors mentioned above, to determine if the consolidation treatment remains appropriate. Decisions regarding consolidation of partially owned entities frequently require significant judgment by our management.
	Cash and Cash Equivalents
	Highly-liquid investments with initial maturities of three months or less are classified as cash equivalents, excluding amounts restricted by certain lender and other agreements.
	Leases
	Our leases, in which we are the lessor or lessee, are substantially all accounted for as operating leases. Leases in which we are the lessor that transfer substantially all the risks and benefits of ownership to tenants are considered finance leases and the present values of the minimum lease payments and the estimated residual values of the leased properties, if any, are accounted for as receivables. Leases in which we are the lessee that transfer substantially all the risks and benefits of ownership to us are considered capital leases and the present values of the minimum lease payments are accounted for as assets and liabilities.
	Tenant improvements, either paid directly or in the form of construction allowances paid to tenants, are capitalized as Building and equipment and depreciated over the shorter of the useful life or the applicable lease term.
	In leasing tenant space, we may provide funding to the lessee through a tenant allowance. In accounting for a tenant allowance, we determine whether the allowance represents funding for the construction of leasehold improvements and evaluate the ownership of such improvements. If we are considered the owner of the leasehold improvements, we capitalize the amount of the tenant allowance and depreciate it over the shorter of the useful life of the leasehold improvements or the related lease term. If the tenant allowance represents a payment for a purpose other than funding leasehold improvements, or in the event we are not considered the owner of the improvements, the allowance is capitalized to Deferred expenses and considered to be a lease incentive and is recognized over the lease term as a reduction of rental revenue on a straight-line basis.
	Deferred Expenses
	Deferred expenses primarily consist of leasing commissions and related costs and are amortized using the straight-line method over the life of the leases. Deferred expenses also include financing fees we incurred in order to obtain long-term financing and are amortized as interest expense over the terms of the respective financing agreements using the straight-line method, which approximates the effective interest method.
	Revenue Recognition and Related Matters
	Minimum rents are recognized on a straight-line basis over the terms of the related operating leases, including the effect of any free rent periods. Minimum rents also include lease termination income collected from tenants to allow for the tenant to vacate their space prior to their scheduled termination dates, as well as, accretion related to above and below-market tenant leases on acquired properties and properties that were recorded at fair value at the Effective Date. The following is a summary of amortization of straight-line rent, net amortization /accretion related to above and below-market tenant leases and termination income, which is included in Minimum rents:
		Year Ended December 31,
		2013			2012			2011
	Amortization of straight-line rent	$	49,504		$	59,749		$	76,067
	Net amortization/accretion of above and below-market tenant leases		(69,311	)		(81,726	)		(92,459	)
	Lease termination income		10,888			8,622			15,405
The following is a summary of straight-line rent receivables, which are included in Accounts and notes receivable, net in our Consolidated Balance Sheets and are reduced for allowances and amounts doubtful of collection:
	December 31, 2013			December 31, 2012
Straight-line rent receivables, net	$	188,291		$	148,282
Overage rent is paid by a tenant when the tenant's sales exceed an agreed upon minimum amount and is recognized on an accrual basis once tenant sales exceed contractual tenant lease thresholds and is calculated by multiplying the sales in excess of the minimum amount by a percentage defined in the lease.
Tenant recoveries are established in the leases or computed based upon a formula related to real estate taxes, insurance and other property operating expenses and are generally recognized as revenues in the period the related costs are incurred.
We provide an allowance for doubtful accounts against the portion of accounts receivable, including straight-line rents, which is estimated to be uncollectible. Such allowances are reviewed periodically based upon our recovery experience. The following table summarizes the changes in allowance for doubtful accounts:
	2013			2012			2011
Balance as of January 1,	$	24,692			32,859			40,746
Provision for doubtful accounts(1)		5,948			7,444			4,878
Provisions for doubtful accounts in discontinued operations		857			791			1,440
Write-offs		(13,605	)		(16,402	)		(14,205	)
Balance as of December 31,	$	17,892		$	24,692		$	32,859
-1
Excludes recoveries of $2.1 million and $3.4 million for the years ended December 31, 2013 and 2012, respectively.
Management Fees and Other Corporate Revenues
Management fees and other corporate revenues primarily represent management and leasing fees, development fees, financing fees, and fees for other ancillary services performed for the benefit of certain of the Unconsolidated Real Estate Affiliates. Management fees are reported at 100% of the revenue earned from the joint venture in Management fees and other corporate revenues on our Consolidated Statements of Operations and Comprehensive Income (Loss). Our share of the management fee expense incurred by the Unconsolidated Real Estate Affiliates is reported within Equity in income of Unconsolidated Real Estate Affiliates on our Consolidated Statements of Operations and Comprehensive Income (Loss) and in Property management and other costs in the Condensed Combined Statements of Income in Note 6. The following table summarizes the management fees from affiliates and our share of the management fee expense:
	Year Ended December 31,
	2013			2012			2011
Management fees from affiliates	$	68,681		$	70,506		$	60,752
Management fee expense		(25,551	)		(23,061	)		(22,473	)
Net management fees from affiliates	$	43,130		$	47,445		$	38,279
Income Taxes (Note 8)
We expect to distribute 100% of our taxable capital gains and taxable ordinary income to shareholders annually. If, with respect to any taxable year, we fail to maintain our qualification as a REIT and cannot correct such failure, we would not be allowed to deduct distributions to shareholders in computing our taxable income and federal income tax. If any of our REIT subsidiaries fail to qualify as a REIT, such failure could result in our loss of REIT status. If we lose our REIT status, corporate level income tax, including any applicable alternative minimum tax, would apply to our taxable income at regular corporate rates. As a result, the amount available for distribution to holders of equity securities that would otherwise receive dividends would be reduced for the year or years involved, and we would no longer be required to make distributions. In addition, unless we were entitled to relief under the relevant statutory provisions, we would be disqualified from treatment as a REIT for four subsequent taxable years.
Deferred income taxes are accounted for using the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns and are recorded primarily by certain of our taxable REIT subsidiaries. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. An increase or decrease in the valuation allowance that results from a change in circumstances, and which causes a change in our judgment about the realizability of the related deferred tax asset, is included in the current tax provision. In 2010, GGP experienced a change in control, as a result of the transactions undertaken to emerge from bankruptcy, pursuant to Section 382 of the Internal Revenue Code that could limit the benefit of deferred tax assets. In addition, we recognize and report interest and penalties, if necessary, related to uncertain tax positions within our provision for income tax expense.
Impairment
Operating properties
We regularly review our consolidated properties for potential impairment indicators whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment indicators are assessed separately for each property and include, but are not limited to, significant decreases in real estate property net operating income, significant decreases in occupancy percentage, debt maturities, management's intent with respect to the properties and prevailing market conditions.
If an indicator of potential impairment exists, the property is tested for recoverability by comparing its carrying amount to the estimated future undiscounted cash flows. Although the carrying amount may exceed the estimated fair value of certain properties, a real estate asset is only considered to be impaired when its carrying amount cannot be recovered through estimated future undiscounted cash flows. To the extent an impairment provision is determined to be necessary, the excess of the carrying amount of the property over its estimated fair value is expensed to operations. In addition, the impairment provision is allocated proportionately to adjust the carrying amount of the asset group. The adjusted carrying amount, which represents the new cost basis of the property, is depreciated over the remaining useful life of the property.
Although we may market a property for sale, there can be no assurance that the transaction will be complete until the sale is finalized. However, GAAP requires us to utilize the Company's expected holding period of our properties when assessing recoverability. If we cannot recover the carrying value of these properties within the planned holding period, we will estimate the fair values of the assets and record impairment charges for properties when the estimated fair value is less than their carrying value.
Impairment indicators for pre-development costs, which are typically costs incurred during the beginning stages of a potential development and construction in progress, are assessed by project and include, but are not limited to, significant changes in the Company's plans with respect to the project, significant changes in projected completion dates, tenant demand, anticipated revenues or cash flows, development costs, market factors and sustainability of development projects.
Impairment charges are recorded in the Consolidated Statements of Operations and Comprehensive Income (Loss) when the carrying value of a property is not recoverable and it exceeds the estimated fair value of the property, which can occur in accounting periods preceding disposition and / or in the period of disposition.
During the year ended December 31, 2013, we recorded an $18.4 million impairment charge in continuing operations of our Consolidated Statements of Operations and Comprehensive Income (Loss). This impairment charge related to an operating property that was transferred to a special servicer. Subsequent to December 31, 2013, we sold this property in a lender directed sale in full satisfaction of the related debt for an amount less than the carrying value. Accordingly, we recorded an impairment charge of $18.4 million, resulting in a net book value of $12 million, which is less than the carrying value of the non-recourse debt of $78.7 million. We recorded a gain on extinguishment of debt of approximately $67 million in the first quarter of 2014. During the year ended December 31, 2013, we recorded $12.6 million of impairment charges in discontinued operations of our Consolidated Statement of Operations and Comprehensive Income (Loss), which related to four operating properties.
During the year ended December 31, 2012, we recorded a $32.1 million impairment charge in continuing operations of our Consolidated Statements of Operations and Comprehensive Income (Loss). This impairment charge related to an operating property and was recorded because the estimated fair value of the property, based on our discounted cash flow analysis, was less than the carrying value of the property. During the year ended December 31, 2012, we recorded $76.6 million of impairment charges in discontinued operations of our Consolidated Statement of Operations and Comprehensive Income (Loss), which related to eight operating properties.
During the year ended December 31, 2011, we recorded a $0.9 million impairment charge in continuing operations of our Consolidated Statements of Operations and Comprehensive Income (Loss). This impairment charge related to an operating property. During the year ended December 31, 2011, we recorded $67.5 million of impairment charges in discontinued operations of our Consolidated Statement of Operations and Comprehensive Income (Loss), which related to two operating properties and one non-income producing asset.
Investment in Unconsolidated Real Estate Affiliates
A series of operating losses of an investee or other factors may indicate that an other-than-temporary decline in value of our investment in an Unconsolidated Real Estate Affiliate has occurred. The investment in each of the Unconsolidated Real Estate Affiliates is evaluated for valuation declines below the carrying amount. Accordingly, in addition to the property-specific impairment analysis that we perform for such joint ventures (as part of our operating property impairment process described above), we also considered whether there were other-than-temporary declines with respect to the carrying values of our Unconsolidated Real Estate Affiliates. No impairments related to our investments in Unconsolidated Real Estate Affiliates were recognized for the years ended December 31, 2013, 2012, and 2011.
Property Management and Other and General and Administrative Costs
Property management and other costs represent regional and home office costs and include items such as corporate payroll, rent for office space, supplies and professional fees, which represent corporate overhead costs not generated at the properties. General and administrative costs represent the costs to run the public company and include payroll and other costs for executives, audit fees, professional fees and administrative fees related to the public company.
Fair Value Measurements (Note 5)
The accounting principles for fair value measurements establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:
•
Level 1—defined as observable inputs such as quoted prices for identical assets or liabilities in active markets;
•
Level 2—defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
•
Level 3—defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
The impairment section above includes a discussion of all impairments recognized during the year ended December 31, 2013, 2012 and 2011, which were based on Level 2 inputs. Note 5 includes a discussion of properties measured at fair value on a non-recurring basis using Level 2 and Level 3 inputs and the fair value of debt, which is estimated on a recurring basis using Level 2 and Level 3 inputs. Note 9 includes a discussion of our outstanding warrants, which were measured at fair value using Level 3 inputs until the warrant agreement was amended on March 28, 2013. Note 11 includes a discussion of certain redeemable noncontrolling interests that are measured at fair value using Level 1 inputs.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. For example, estimates and assumptions have been made with respect to fair values of assets and liabilities for purposes of applying the acquisition method of accounting, the useful lives of assets, capitalization of development and leasing costs, provision for income taxes, recoverable amounts of receivables and deferred taxes, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to acquisitions, impairment of long-lived assets and fair value of debt. Actual results could differ from these and other estimates.

ACQUISITIONS_AND_JOINT_VENTURE

ACQUISITIONS AND JOINT VENTURE ACTIVITY	12 Months Ended
	Dec. 31, 2013
ACQUISITIONS AND JOINT VENTURE ACTIVITY	'
ACQUISITIONS AND JOINT VENTURE ACTIVITY	'
	NOTE 3 ACQUISITIONS AND JOINT VENTURE ACTIVITY
	During the year ended December 31, 2013, we acquired four retail properties for total consideration of $396.3 million, which included cash of $355.0 million and the assumption of debt of $41.3 million. The four retail properties acquired include a 50% interest in a portfolio comprised of two properties in the Union Square area of San Francisco, which is accounted for as an Unconsolidated Real Estate Affiliate (Note 6). The following table summarizes the allocation of the purchase price to the net assets acquired at the date of acquisition. These allocations were based on the relative fair values of the assets acquired and liabilities assumed.
	Investment in real estate, including intangible assets and liabilities	$	314,750
	Investment in Unconsolidated Real Estate Affiliate		39,774
	Net working capital		515
	Net assets acquired	$	355,039
	On June 28, 2013, we acquired the remaining 50% interest in Quail Springs Mall, from our joint venture partner, for total consideration of $90.5 million, which included $55.5 million of cash and the assumption of the remaining 50% of debt. The investment property was previously recorded under the equity method of accounting and is now consolidated. The acquisition resulted in a remeasurement of the net assets acquired to fair value and as such, we recorded Gains from changes in control of investment properties of $19.8 million for the year ended December 31, 2013, as the fair value of the net assets acquired was greater than our investment in the Unconsolidated Real Estate Affiliate and the cash paid to acquire our joint venture partner's interest. The table below summarizes the gain calculation:
	Total fair value of net assets acquired	$	110,893
	Previous investment in Quail Springs Mall		(35,610	)
	Cash paid to acquire our joint venture partner's interest		(55,507	)
	Gains from changes in control of investment properties	$	19,776
	The following table summarizes the allocation of the purchase price to the net assets acquired at the date of acquisition. These allocations were based on the relative fair values of the assets acquired and liabilities assumed.
	Investment in real estate, including intangible assets and liabilities	$	186,627
	Fair value of debt		(77,204	)
	Net working capital		1,470
	Net assets acquired	$	110,893
	On May 16, 2013, we formed a joint venture with TIAA-CREF Global Investments, LLC ("TIAACREF") that holds 100% of The Grand Canal Shoppes and The Shoppes at The Palazzo. We received $411.5 million in cash, net of debt assumed of $311.9 million, and TIAACREF received a 49.9% economic interest in the joint venture. We recorded Gains from changes in control of investment properties of $200.0 million on our Consolidated Statements of Operations and Comprehensive Income (Loss) for the year ended December 31, 2013, as a result of this transaction. We are the general partner, however we account for the joint venture under the equity method of accounting because we share control over major decisions with TIAACREF and TIAACREF has substantive participating rights. The table below summarizes the gain calculation:
	Cash received from joint venture partner	$	411,476
	Proportionate share of previous investment in The Grand Canal Shoppes and The Shoppes at The Palazzo		(211,468	)
	Gains from changes in control of investment properties	$	200,008
	On April 5, 2012, we acquired the remaining 49% interest in The Oaks and Westroads, from our joint venture partner for total consideration of $191.1 million, which included $98.3 million of cash and the assumption of the remaining 49% of debt of $92.8 million. The investment properties were previously recorded under the equity method of accounting and are now consolidated. The acquisition resulted in a remeasurement of the net assets acquired to a fair value of $200.3 million. Prior to this transaction, our investment in The Oaks and Westroads had a carrying value of $83.5 million. We recorded Gains from changes in control of investment properties of $18.5 million for the year ended December 31, 2012, as the fair value of the net assets acquired was greater than our investment in the Unconsolidated Real Estate Affiliate and the cash paid to acquire the joint venture partner's interest.
	Our acquisition of the remaining interests in Quail Springs Mall and the formation of the joint venture with TIAACREF constitute the Gains from changes in control of investment properties for the year ended December 31, 2013. Our acquisition of The Oaks and Westroads in 2012 represent the Gains from changes in control of investment properties for the year ended December 31, 2012. These amounts are recognized for their respective year on our Consolidated Statements of Operations and Comprehensive Income (Loss).
	On April 17, 2012, we acquired 11 Sears anchor pads (including fee interests in five anchor pads and long-term leasehold interests in six anchor pads) for the purpose of redevelopment or remerchandising. Total consideration paid was $270.0 million, which was all cash. Of the total purchase price, $212.0 million for the leasehold interests was recorded in construction in progress, as the buy-out costs were necessary costs related to redevelopment projects at these properties, and $58.0 million for the fee interests was recorded in land and building in our Consolidated Balance Sheets as of December 31, 2012.

DISPOSITIONS_DISCONTINUED_OPER

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES	12 Months Ended
	Dec. 31, 2013
DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES	'
DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES	'
	NOTE 4 DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES
	All of our dispositions of consolidated operating properties for which there is no continuing involvement, for all periods presented, are included in discontinued operations in our Consolidated Statements of Operations and Comprehensive Income (Loss) and are summarized in the table below. Gains on disposition and gains on debt extinguishment are recorded in the Consolidated Statements of Comprehensive Income (Loss) in the period the property is disposed.
	During 2013, we sold our interests in for total consideration of $142.6 million, which reduced our property level debt by approximately $143.6 million. Additionally, one property, which was previously transferred to a special servicer, was sold in a lender-directed sale in full satisfaction of the debt. This resulted in a gain on debt extinguishment of $25.9 million and a reduction of property level debt of $96.9 million.
	On January 12, 2012, we completed the RPI Spin-Off, a 30-mall portfolio. The RPI Spin-Off was accomplished through a special dividend of the common stock of RPI to holders of GGP common stock as of December 30, 2011.
	In addition, during 2012, we sold our interests in assets including an office portfolio, three office properties, 11 strip /other retail centers, seven regional malls and an anchor box for total cash proceeds $394.5 million, and reduced our property level debt by $320.6 million.
	The following table summarizes the operations of the properties included in discontinued operations.
		Year Ended December 31,
		2013			2012			2011
	Retail and other revenue	$	31,205		$	111,320		$	412,827
	Total revenues		31,205			111,320			412,827
	Retail and other operating expenses		24,905			87,174			351,525
	Provisions for impairment		12,575			76,581			67,517
	Total expenses		37,480			163,755			419,042
	Operating loss		(6,275	)		(52,435	)		(6,215	)
	Interest expense, net		(8,759	)		(32,210	)		(110,398	)
	Provision for income taxes		—			(23	)		(632	)
	(Losses) gains on dispositions		(817	)		24,426			4,332
	Net income (loss) from operations		(15,851	)		(60,242	)		(112,913	)
	Gain on debt extinguishment		25,894			50,765			—
	Net income (loss) from discontinued operations	$	10,043		$	(9,477	)	$	(112,913	)

FAIR_VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2013
FAIR VALUE	'
FAIR VALUE	'
	NOTE 5 FAIR VALUE
	Fair Value of Certain Operating Properties
	The following table summarizes certain of our assets that are measured at fair value on a nonrecurring basis as a result of impairment charges recorded as of December 31, 2013 and 2012.
		Total Fair Value		Quoted Prices in		Significant Other		Significant
		Measurement		Active Markets		Observable Inputs		Unobservable Inputs
				for Identical Assets		(Level 2)		(Level 3)
				(Level 1)
	Year Ended December 31, 2013
	Investments in real estate(1)	$	12,000	$	—	$	12,000	$	—
	Year Ended December 31, 2012
	Investments in real estate(1)	$	112,829	$	—	$	12,070	$	100,759
	-1
	Refer to Note 2 for more information regarding impairment.
	We estimate fair value relating to impairment assessments based upon discounted cash flow and direct capitalization models that include all projected cash inflows and outflows over a specific holding period, or the negotiated sales price, if applicable. Such projected cash flows are comprised of contractual rental revenues and forecasted rental revenues and expenses based upon market conditions and expectations for growth. Capitalization rates and discount rates utilized in these models are based on a reasonable range of current market rates for each property analyzed. Based upon these inputs, we determined that our valuations of properties using a discounted cash flow or a direct capitalization model were classified within Level 3 of the fair value hierarchy. For our properties for which the estimated fair value was based on negotiated sales prices, we determined that our valuation was classified within Level 2 of the fair value hierarchy.
	The following table sets forth quantitative information about the unobservable inputs of our Level 3 real estate, which were recorded at fair value during the year ended December 31, 2012.
	Unobservable Quantative Input	Range
	Discount rates	9.0% to 10.0%
	Terminal capitalization rates	9.0% to 10.0%
	Fair Value of Financial Instruments
	The fair values of our financial instruments approximate their carrying amount in our consolidated financial statements except for debt. Management's estimates of fair value are presented below for our debt as of December 31, 2013 and 2012.
		December 31, 2013				December 31, 2012
		Carrying		Estimated		Carrying		Estimated
		Amount(1)		Fair Value		Amount(1)		Fair Value
	Fixed-rate debt	$	13,919,820	$	13,957,952	$	14,954,601	$	16,190,518
	Variable-rate debt		1,752,617		1,787,139		1,012,265		1,040,687
		$	15,672,437	$	15,745,091	$	15,966,866	$	17,231,205
	-1
	Includes market rate adjustments of $0.9 million and $(23.3) million as of December 31, 2013 and 2012, respectively.
	The fair value of our Junior Subordinated Notes approximates their carrying amount as of December 31, 2013 and 2012. We estimated the fair value of mortgages, notes and other loans payable using Level 2 and Level 3 inputs based on recent financing transactions, estimates of the fair value of the property that serves as collateral for such debt, historical risk premiums for loans of comparable quality, current London Interbank Offered Rate ("LIBOR"), U.S. treasury obligation interest rates and on the discounted estimated future cash payments to be made on such debt. The discount rates estimated reflect our judgment as to what the approximate current lending rates for loans or groups of loans with similar maturities and assume that the debt is outstanding through maturity. We have utilized market information as available or present value techniques to estimate the amounts required to be disclosed. Since such amounts are estimates that are based on limited available market information for similar transactions and do not acknowledge transfer or other repayment restrictions that may exist in specific loans, it is unlikely that the estimated fair value of any such debt could be realized by immediate settlement of the obligation.

UNCONSOLIDATED_REAL_ESTATE_AFF

UNCONSOLIDATED REAL ESTATE AFFILIATES	12 Months Ended
	Dec. 31, 2013
UNCONSOLIDATED REAL ESTATE AFFILIATES	'
UNCONSOLIDATED REAL ESTATE AFFILIATES	'
	NOTE 6 UNCONSOLIDATED REAL ESTATE AFFILIATES
	Following is summarized financial information for all of our Unconsolidated Real Estate Affiliates.
		December 31,			December 31,
		2013			2012
		(Dollars in thousands)
	Condensed Combined Balance Sheets—Unconsolidated Real Estate Affiliates
	Assets:
	Land	$	1,046,354		$	960,335
	Buildings and equipment		8,670,976			7,658,965
	Less accumulated depreciation		(2,301,054	)		(2,080,361	)
	Construction in progress		46,339			173,419
	Net property and equipment		7,462,615			6,712,358
	Investments in unconsolidated joint ventures		—			1,201,044
	Net investment in real estate		7,462,615			7,913,402
	Cash and cash equivalents		260,405			485,387
	Accounts and notes receivable, net		187,533			167,548
	Deferred expenses, net		254,949			298,050
	Prepaid expenses and other assets		147,182			140,229
	Total assets	$	8,312,684		$	9,004,616
	Liabilities and Owners' Equity:
	Mortgages, notes and loans payable	$	6,503,686		$	6,463,377
	Accounts payable, accrued expenses and other liabilities		324,620			509,064
	Cumulative effect of foreign currency translation ("CFCT")		(22,896	)		(158,195	)
	Owners' equity, excluding CFCT		1,507,274			2,190,370
	Total liabilities and owners' equity	$	8,312,684		$	9,004,616
	Investment In and Loans To/From Unconsolidated Real Estate Affiliates, Net:
	Owners' equity	$	1,484,378		$	2,032,175
	Less: joint venture partners' equity		(760,804	)		(1,105,457	)
	Plus: excess investment/basis differences		1,666,719			1,939,153
	Investment in and loans to/from	$	2,390,293		$	2,865,871
	Unconsolidated Real Estate Affiliates, net
	Reconciliation—Investment In and Loans To/From Unconsolidated Real Estate Affiliates:
	Asset—Investment in and loans to/from	$	2,407,698		$	2,865,871
	Unconsolidated Real Estate Affiliates
	Liability—Investment in Unconsolidated		(17,405	)		—
	Real Estate Affiliates
	Investment in and loans to/from	$	2,390,293		$	2,865,871
	Unconsolidated Real Estate Affiliates, net
		Year Ended			Year Ended			Year Ended
		December 31,			December 31,			December 31,
		2013			2012			2011
	Condensed Combined Statements of Income—Unconsolidated Real Estate Affiliates
	Revenues:
	Minimum rents	$	770,999		$	713,552		$	674,197
	Tenant recoveries		327,750			297,567			297,530
	Overage rents		32,500			25,794			19,822
	Other		34,007			32,758			27,530
	Total revenues		1,165,256			1,069,671			1,019,079
	Expenses:
	Real estate taxes		104,453			95,643			98,738
	Property maintenance costs		35,100			38,277			40,293
	Marketing		15,981			16,573			17,791
	Other property operating costs		160,439			153,006			143,947
	Provision for doubtful accounts		1,480			1,937			5,703
	Property management and other costs(1)		52,932			48,724			46,996
	General and administrative		2,333			1,660			7,535
	Depreciation and amortization		279,713			260,262			254,560
	Total expenses		652,431			616,082			615,563
	Operating income		512,825			453,589			403,516
	Interest income		1,431			746			1,729
	Interest expense		(287,716	)		(279,756	)		(299,755	)
	Provision for income taxes		(316	)		(935	)		(794	)
	Equity in income of unconsolidated joint ventures		—			—			11,568
Income from continuing operations		226,224			173,644			116,264
Net income from disposed investment		26,889			50,942			213,313
Allocation to noncontrolling interests		1			(74	)		(75	)
Net income attributable to the ventures	$	253,114		$	224,512		$	329,502
Equity In Income of Unconsolidated Real Estate Affiliates:
Net income attributable to the ventures	$	253,114		$	224,512		$	329,502
Joint venture partners' share of income		(140,193	)		(131,047	)		(181,213	)
Amortization of capital or basis differences		(54,002	)		(38,481	)		(145,391	)
Equity in income of Unconsolidated Real Estate Affiliates	$	58,919		$	54,984		$	2,898
-1
Includes management fees charged to the unconsolidated joint ventures by GGMI, GGSI and GGPLP.
The Unconsolidated Real Estate Affiliates represents our investments in real estate joint ventures that are not consolidated. We hold interests in 20 domestic joint ventures, comprising 31 U.S. regional malls and 5 strip/other retail centers, and one joint venture in Brazil. Generally, we share in the profits and losses, cash flows and other matters relating to our investments in Unconsolidated Real Estate Affiliates in accordance with our respective ownership percentages. We manage most of the properties owned by these joint ventures. As we have joint control of these ventures with our venture partners, we account for these joint ventures under the equity method.
On November 18, 2013, we sold a portion of our interest in a joint venture, which resulted in our recognition of a gain of $10.1 million. The $10.1 million gain is recognized within Equity in income of Unconsolidated Real Estate Affiliates—gain on investment on our Consolidated Statements of Operations and Comprehensive Income (Loss).
Aliansce Shopping Centers S.A. ("Aliansce")
On September 30, 2013, we closed on the sale of our investment in Aliansce Shopping Centers, S.A. ("Aliansce") to Canada Pension Plan Investment Board and Rique Empreendimentos e Participacoes Ltda. ("Rique"), which includes a member of Aliansce management. The sale of the stock resulted in a loss of $3.7 million on our investment in the Unconsolidated Real Estate Affiliate, including the realization of accumulated foreign currency translation losses and a note receivable issued to Rique. The note receivable is recorded in Accounts and notes receivable on the Consolidated Balance Sheets at December 31, 2013. The note receivable is denominated in Brazilian Reais, bears interest at an effective interest rate of approximately 14%, is collateralized by shares of common stock of Aliansce, and requires annual principal and interest payments over the five year term. We recognize the impact of changes in the exchange rate on the note receivable as Loss on foreign currency in our Consolidated Statements of Operations and Comprehensive Income (Loss).
The table below summarizes the loss calculation:
Cash received from acquirers	$	446,322
Note receivable from Rique		151,127
GGP's investment in Aliansce		(491,325	)
Accumulated foreign currency translation adjustment realized		(109,861	)
Loss on sale of Aliansce	$	(3,737	)
As of December 31, 2013, we still hold a 35% noncontrolling interest in a large regional mall, Shopping Leblon, in Rio de Janeiro, Brazil which is accounted for under the equity method.
Unconsolidated Mortgages, Notes and Loans Payable and Retained Debt
Our proportionate share of the mortgages, notes and loans payable of the unconsolidated joint ventures was $3.2 billion as of December 31, 2013 and $3.1 billion as of December 31, 2012, including Retained Debt (as defined below). There can be no assurance that the Unconsolidated Properties will be able to refinance or restructure such debt on acceptable terms or otherwise, or that joint venture operations or contributions by us and/or our partners will be sufficient to repay such loans.
We have debt obligations in excess of our pro rata share of the debt for one of our Unconsolidated Real Estate Affiliates ("Retained Debt"). This Retained Debt represents distributed debt proceeds of the Unconsolidated Real Estate Affiliates in excess of our pro rata share of the non-recourse mortgage indebtedness. The proceeds of the Retained Debt which were distributed to us are included as a reduction in our investment in Unconsolidated Real Estate Affiliates. We had retained debt of $90.6 million at one property as of December 31, 2013, and $91.8 million as of December 31, 2012. We are obligated to contribute funds on an ongoing basis, as needed, to our Unconsolidated Real Estate Affiliates in amounts sufficient to pay debt service on such Retained Debt. If we do not contribute such funds, our distributions from such Unconsolidated Real Estate Affiliates, or our interest in, could be reduced to the extent of such deficiencies. As of December 31, 2013, we do not anticipate an inability to perform on our obligations with respect to Retained Debt.

MORTGAGES_NOTES_AND_LOANS_PAYA

MORTGAGES, NOTES AND LOANS PAYABLE	12 Months Ended
	Dec. 31, 2013
MORTGAGES, NOTES AND LOANS PAYABLE	'
MORTGAGES, NOTES AND LOANS PAYABLE	'
	NOTE 7 MORTGAGES, NOTES AND LOANS PAYABLE
	Mortgages, notes and loans payable and the weighted-average interest rates are summarized as follows:
		December 31,		Weighted-Average			December 31,		Weighted-Average
		2013(1)		Interest Rate(2)			2012(3)		Interest Rate(2)
	Fixed-rate debt:
	Collateralized mortgages, notes and loans payable	$	13,907,029		4.55	%	$	14,225,011		4.88	%
	Corporate and other unsecured loans		12,791		4.41	%		729,590		6.51	%
	Total fixed-rate debt		13,919,820		4.55	%		14,954,601		4.96	%
	Variable-rate debt:
	Collateralized mortgages, notes and loans payable(4)		1,700,817		2.61	%		1,012,265		3.42	%
	Corporate revolver		51,800		1.74	%		—		—
	Total variable-rate debt		1,752,617		2.59	%		1,012,265		3.42	%
	Total Mortgages, notes and loans payable	$	15,672,437		4.33	%	$	15,966,866		4.86	%
	Junior Subordinated Notes	$	206,200		1.69	%	$	206,200		1.76	%
	-1
	Includes net $0.9 million of debt market rate adjustments.
	-2
	Represents the weighted-average interest rates on our principal balances, excluding the effects of deferred finance costs.
	-3
	Includes net ($23.3) million of debt market rate adjustments.
	-4
	Properties provide mortgage collateral as guarantors. $1.5 billion of the balance is cross-collateralized.
	Collateralized Mortgages, Notes and Loans Payable
	As of December 31, 2013, $20.4 billion of land, buildings and equipment (before accumulated depreciation) and construction in progress have been pledged as collateral for our mortgages, notes and loans payable. Certain of these consolidated secured loans, representing $1.6 billion of debt, are cross-collateralized with other properties. Although a majority of the $15.6 billion of fixed and variable rate collateralized mortgages, notes and loans payable are non-recourse, $1.6 billion of such mortgages, notes and loans payable are recourse to the Company as guarantees on secured financings. In addition, certain mortgage loans contain other credit enhancement provisions which have been provided by GGP. Certain mortgages, notes and loans payable may be prepaid but are generally subject to a prepayment penalty equal to a yield-maintenance premium, defeasance or a percentage of the loan balance.
	During the year ended December 31, 2013, we refinanced consolidated mortgage notes totaling $5.0 billion related to 36 properties with net proceeds of $1.3 billion. The prior loans had a weighted-average term-to-maturity of 2.7 years, and a weighted-average interest rate of 4.9%. The new loans have a weighted-average term-to-maturity of 8.3 years, and a weighted-average interest rate of 3.5%.
	Of the refinanced debt, $1.5 billion relates to a corporate loan initially secured by cross-collateralized mortgages on 16 properties with a weighted-average interest rate of LIBOR + 2.50% and a term-to-maturity of 3.0 years (with 2 one-year options). The prior loans were secured by 16 properties and had a weighted-average interest rate of 3.98% and a term-to-maturity of 3.3 years. During the year ended December 31, 2013, we expensed financing fees of $6.6 million associated with this loan in Loss on extinguishment of debt on our Consolidated Statements of Operations and Comprehensive Income (Loss), and we capitalized $9.5 million as deferred financing costs within Deferred expenses, net on our Consolidated Balance Sheets.
	Corporate and Other Unsecured Loans
	We have certain unsecured debt obligations, the terms of which are described below:
		December 31,		Weighted-Average			December 31,		Weighted-Average
		2013(2)		Interest Rate			2012(3)		Interest Rate
	Unsecured debt:
	Unsecured Corporate Bonds—2010 Indenture	$	—		—		$	608,688		6.75	%
	HHC Note(1)		13,179		4.41	%		19,347		4.41	%
	Unsecured Corporate Bonds—1995 Indenture		—		—			91,786		5.38	%
	Corporate revolver		51,800		1.74	%		—		—
	Total unsecured debt	$	64,979		2.28	%	$	719,821		6.51	%
	-1
	Matures in December 2015.
	-2
	Excludes a market rate discount of $0.4 million that decreases the total amount that appears outstanding in our Consolidated Balance Sheets. The market rate discount amortizes as an addition to interest expense over the life of the loan.
	-3
	Excludes a net market rate premium of $9.8 million that increases the total amount that appears outstanding in our Consolidated Balance Sheets. The market rate premium amortizes as a reduction to interest expense over the life of the respective loan.
	On February 14, 2013, the Company redeemed $91.8 million of the 5.38% unsecured corporate bonds due November 26, 2013. The bonds were redeemed in cash at the "Make-Whole Price", as defined in the applicable indenture, plus accrued and unpaid interest up to, but excluding, the redemption date. We incurred debt extinguishment costs of $3.5 million in connection with the redemption, which is recorded within Loss on extinguishment of debt on our Consolidated Statements of Operations and Comprehensive Income (Loss).
	On May 1, 2013, the Company redeemed $608.7 million of the 6.75% unsecured corporate bonds due November 9, 2015. The bonds were redeemed in cash at the "Make-Whole Price", as defined in the applicable indenture, plus accrued and unpaid interest up to, but excluding, the redemption date. We incurred debt extinguishment costs of $20.5 million in connection with the redemption, which is recorded within Loss on extinguishment of debt on our Consolidated Statements of Operations and Comprehensive Income (Loss).
	The unsecured corporate bonds had covenants, including ratios of secured debt-to-gross assets and total debt-to-gross assets that governed our ability to incur debt for certain assets. As a result of the redemptions of the unsecured corporate bonds, the Company and related assets are no longer subject to the unsecured corporate bonds' covenants.
	Our revolving credit facility (the "Facility") as amended on October 23, 2013, provides for revolving loans of up to $1.0 billion. The Facility has an uncommitted accordion feature for a total facility of up to $1.5 billion. The Facility is scheduled to mature in October 2018 and is unsecured. Borrowings under the Facility bear interest at a rate equal to LIBOR plus 132.5 to 195 basis points, which is determined by the Company's leverage level. The Facility contains certain restrictive covenants which limit material changes in the nature of our business conducted, including but not limited to, mergers, dissolutions or liquidations, dispositions of assets, liens, incurrence of additional indebtedness, dividends, transactions with affiliates, prepayment of subordinated debt, negative pledges and changes in fiscal periods. In addition, we are required not to exceed a maximum net debt-to-value ratio, a maximum leverage ratio and a minimum net cash interest coverage ratio; we are not aware of any instances of non-compliance with such covenants as of December 31, 2013. $51.8 million was outstanding on the Facility, as of December 31, 2013.
	Junior Subordinated Notes
	GGP Capital Trust I, a Delaware statutory trust (the "Trust") and a wholly-owned subsidiary of GGPLP, completed a private placement of $200.0 million of trust preferred securities ("TRUPS") in 2006. The Trust also issued $6.2 million of Common Securities to GGPLP. The Trust used the proceeds from the sale of the TRUPS and Common Securities to purchase $206.2 million of floating rate Junior Subordinated Notes of GGPLP due 2041. Distributions on the TRUPS are equal to LIBOR plus 1.45%. Distributions are cumulative and accrue from the date of original issuance. The TRUPS mature on April 30, 2041, but may be redeemed beginning on April 30, 2011 if the Trust exercises its right to redeem a like amount of Junior Subordinated Notes. The Junior Subordinated Notes bear interest at LIBOR plus 1.45% and are fully recourse to the Company. Though the Trust is a wholly-owned subsidiary of GGPLP, we are not the primary beneficiary of the Trust and, accordingly, it is not consolidated for accounting purposes. We have recorded the Junior Subordinated Notes as a liability and our common equity interest in the Trust as prepaid expenses and other assets in our Consolidated Balance Sheets as of December 31, 2013 and December 31, 2012.
	Letters of Credit and Surety Bonds
	We had outstanding letters of credit and surety bonds of $19.4 million as of December 31, 2013 and $21.7 million as of December 31, 2012. These letters of credit and bonds were issued primarily in connection with insurance requirements, special real estate assessments and construction obligations.
	We are not aware of any instances of non-compliance with our financial covenants related to our mortgages, notes and loans payable as of December 31, 2013 with the exception of one property transferred to a special servicer which is currently in default.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'
	NOTE 8 INCOME TAXES
	We have elected to be taxed as a REIT under the Internal Revenue Code. We intend to maintain REIT status. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including requirements to distribute at least 90% of our taxable ordinary income and to either distribute taxable capital gains to stockholders, or pay corporate income tax on the undistributed capital gains. In addition, the Company is required to meet certain asset and income tests.
	As a REIT, we will generally not be subject to corporate level Federal income tax on taxable income we distribute currently to our stockholders. If we fail to qualify as a REIT in any taxable year, we will be subject to Federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if we qualify for taxation as a REIT, we may be subject to certain state and local taxes on our income or property, and to Federal income and excise taxes on our undistributed taxable income. Generally, we are currently open to audit by the Internal Revenue Service for the years ended December 31, 2010 through 2013 and are open to audit by state taxing authorities for the years ended December 31, 2009 through 2013.
	The provision for income taxes for the years ended December 31, 2013, 2012, and 2011 are as follows:
		December 31, 2013			December 31, 2012			December 31, 2011
	Current	$	3,855		$	5,036		$	11,548
	Deferred		(3,510	)		4,055			(2,825	)
	Total from Continuing Operations		345			9,091			8,723
	Current		—			23			632
	Deferred		—			—			—
	Total from Discontinued Operations		—			23			632
	Total	$	345		$	9,114		$	9,355
	Realization of a deferred tax benefit is dependent upon generating sufficient taxable income in future periods. Our TRS net operating loss carryforwards of $20.0 million are currently scheduled to expire in subsequent years through 2033. Our capital loss carryforwards of $6.6 million are scheduled to expire in 2016. Substantially all of these attributes are limited under Section 382 of the Code and are subject to valuation allowances. All of the REIT net operating loss carryforward amounts are subject to annual limitations under Section 382 of the Code, although it is not expected that there will be a significant impact.
	Each TRS and certain REIT entities subject to state income taxes is a tax paying component for purposes of classifying deferred tax assets and liabilities. Net deferred tax assets (liabilities) are summarized as follows:
		December 31,			December 31,			December 31,
		2013			2012			2011
	Total deferred tax assets	$	16,077		$	17,778		$	21,574
	Valuation allowance		(15,171	)		(16,876	)		(16,996	)
	Net deferred tax assets		906			902			4,578
	Total deferred tax liabilities		(24,667	)		(28,174	)		(29,220	)
	Net deferred tax liabilities	$	(23,761	)	$	(27,272	)	$	(24,642	)
	Due to the uncertainty of the realization of certain tax carryforwards, we have established valuation allowances on those deferred tax assets that we do not reasonably expect to realize. Deferred tax assets that we believe have only a remote possibility of realization have not been recorded.
	The tax effects of temporary differences and carryforwards included in the net deferred tax liabilities as of December 31, 2013 and December 31, 2012 are summarized as follows:
		December 31,			December 31,			December 31,
		2013			2012			2011
	Operating loss and tax credit carryforwards	$	15,477		$	15,051		$	5,489
	Other TRS property, primarily differences in basis of assets and liabilities		(24,067	)		(25,447	)		(13,135	)
	Valuation allowance		(15,171	)		(16,876	)		(16,996	)
	Net deferred tax liabilities	$	(23,761	)	$	(27,272	)	$	(24,642	)
	We had unrecognized tax benefits recorded pursuant to uncertain tax positions of $5.1 million and $5.4 million as of December 31, 2013 and December 31, 2012 respectively, excluding interest, all of which would impact our effective tax rate. We do not expect significant increases or decreases in unrecognized tax benefits due to changes in tax positions within one year of December 31, 2013.

WARRANTS

WARRANTS	12 Months Ended
	Dec. 31, 2013
WARRANTS	'
WARRANTS	'
	NOTE 9 WARRANTS
	Pursuant to the terms of the Investment Agreements, the Plan Sponsors and Blackstone were issued 120,000,000 warrants (the "Warrants") to purchase common stock of GGP with an initial weighted average exercise price of $10.63. Each Warrant was originally recorded as a liability, as the holders of the Warrants could have required GGP to settle such Warrants in cash upon certain changes of control events. The Warrants were fully vested upon issuance. Each Warrant has a term of seven years and expires on November 9, 2017. Below is a summary of the Warrants initially received by the Plan Sponsors and Blackstone.
	Initial Warrant Holder	Number of Warrants			Initial
					Exercise Price
	Brookfield		57,500,000		$	10.75
	Blackstone—B(2)		2,500,000			10.75
	Fairholme(2)		41,070,000			10.5
	Pershing Square(1)		16,430,000			10.5
	Blackstone—A(2)		2,500,000			10.5
			120,000,000
	-1
	On December 31, 2012, the Pershing Square Warrants were purchased by the Brookfield Investor.
	-2
	On January 28, 2013, the Fairholme and Blackstone Warrants (A and B) were purchased by GGP.
	The Brookfield Warrants and the Blackstone Warrants (A and B) were immediately exercisable, while the Fairholme Warrants and the Pershing Square Warrants were exercisable (for the initial 6.5 years from the issuance) only upon 90 days prior notice, but there is no obligation to exercise at any point from the end of the 90 day notification period through maturity.
	The exercise prices of the Warrants are subject to adjustment for future dividends, stock dividends, distribution of assets, stock splits or reverse splits of our common stock or certain other events. In accordance with the agreement, these calculations adjust both the exercise price and the number of shares issuable for the 120,000,000 Warrants that were initially issued to the Plan Sponsors. During 2012 and 2013, the number of shares issuable upon exercise of the outstanding Warrants changed as follows:
					Exercise Price
	Record Date	Issuable Shares(1)			Brookfield and		Fairholme,
					Blackstone—B(2)		Pershing Square and
							Blackstone—A(2)(3)
	April 16, 2012		132,372,000		$	9.75	$	9.52
	July 16, 2012		133,116,000			9.69		9.47
	October 15, 2012		133,884,000			9.64		9.41
	December 14, 2012		134,640,000			9.58		9.36
	April 16, 2013		83,443,178			9.53		9.3
	July 16, 2013		83,945,892			9.47		9.25
	October 15, 2013		84,507,750			9.41		9.19
	December 13, 2013		85,084,392			9.34		9.12
	-1
	Issuable shares as of April 16, 2013 exlcude the Fairholme and Blackstone A and B warrants purchased by GGPLP.
	-2
	On January 28, 2013, the Fairholme and Blackstone Warrants (A and B) were purchased by GGPLP.
	-3
	On December 31, 2012, the Pershing Square Warrants were purchased by the Brookfield Investor.
	On December 31, 2012, Brookfield acquired all of the 16,430,000 Warrants held by Pershing Square for a purchase price of approximately $272 million. At the time of purchase, the Pershing Square Warrants were exercisable into approximately 10 million common shares of the Company at a weighted-average exercise price of approximately $9.36 per share, assuming net share settlement (i.e. receive shares in common stock equivalent to the intrinsic value of the warrant at the time of exercise). In connection with the transaction, Brookfield and Pershing Square are required to abide by certain undertakings outlined in their Warrant Purchase Agreement dated December 31, 2012, filed on the same date.
	On January 28, 2013, GGPLP acquired the 41,070,000 Warrants held by Fairholme and the 5,000,000 Warrants held by Blackstone for an aggregate purchase price of approximately $633 million. At the time of purchase, the GGPLP Warrants were exercisable into approximately 27 million common shares of the Company at a weighted-average exercise price of approximately $9.37 per share, assuming net share settlement. On March 26, 2013, GGPLP exercised its warrants and was issued approximately 27.5 million shares of GGP's common stock, under net share settlement (See Note 12 for further discussion).
	As a result of the transactions occurring on December 31, 2012, and January 28, 2013, Brookfield now owns or manages on behalf of third parties all of the outstanding Warrants. Brookfield has the option for 57,500,000 Warrants to either full share settle (i.e. deliver cash for the exercise price of the Warrants in the amount of approximately $618 million in exchange for approximately 65,000,000 shares of common stock) or net share settle. The remaining 16,430,000 Warrants owned or managed by Brookfield must be net share settled. As of December 31, 2013, the remaining Warrants are exercisable into approximately 46 million common shares of the Company, at a weighted-average exercise price of approximately $9.29 per share. Due to their ownership of Warrants, Brookfield's potential ownership of the Company may change as a result of payments of dividends and changes in our stock price.
	On March 28, 2013, we amended the warrant agreement to replace the right of warrant holders to receive cash from the Company under a change of control to the right to, instead, receive shares of the Company, changing the method of settlement. This amendment results in the classification of the Warrants as a component of permanent equity on our Consolidated Balance Sheets. Prior to the amendment, the Warrants were classified as a liability, due to the cash settlement feature, and marked to fair value, with changes in fair value recognized in earnings. As a result of the amendment, the fair value was determined as of March 28, 2013 with the change in fair value recognized in our Consolidated Statements of Operations and Comprehensive Income (Loss) and the determined fair value was reclassified to equity.
	The estimated fair value of the Warrants was $895.5 million as of March 28, 2013 and $1.5 billion as of December 31, 2012. The fair value of the Warrants was estimated using the Black Scholes option pricing model using our stock price, the Warrant term, and Level 3 inputs (Note 2). As discussed above, the modification of the warrant agreement resulted in the classification of the Warrants as equity as of March 28, 2013. From December 31, 2012 through March 28, 2013, changes in the fair value of the Warrants were recognized in earnings. An increase in GGP's common stock price or in the expected volatility of the Warrants would increase the fair value; whereas, a decrease in GGP's common stock price or an increase in the lack of marketability would decrease the fair value.
	The following table summarizes the change in fair value of the Warrants which is measured on a recurring basis using Level 3 inputs:
		Year Ended December 31,
		2013			2012		2011
	Balance as of January 1,	$	1,488,196		$	985,962	$	1,041,004
	Warrant liability adjustment		40,546			502,234		(55,042	)
	Purchase of Warrants by GGPLP		(633,229	)		—		—
	Reclassification to equity		(895,513	)		—		—
	Balance as of December 31,	$	—		$	1,488,196	$	985,962
	The following table summarizes the estimated fair value of the Warrants and significant observable and unobservable inputs used in the valuation as of March 28, 2013 and December 31, 2012:
		March 28, 2013		December 31, 2012
	Fair value of Warrants	$895,513		$1,488,196
	Observable Inputs
	GGP stock price per share	$19.88		$19.85
	Warrant term	4.62		4.86
	Unobservable Inputs
	Expected volatility	30%		33%
	Range of values considered	(15% - 65%)		(20% - 65%)
	Discount for lack of marketability	3%		3%
	Range of values considered	(3% - 7%)		(3% - 7%)

RENTALS_UNDER_OPERATING_LEASES

RENTALS UNDER OPERATING LEASES	12 Months Ended
	Dec. 31, 2013
RENTALS UNDER OPERATING LEASES	'
RENTALS UNDER OPERATING LEASES	'
	NOTE 10 RENTALS UNDER OPERATING LEASES
	We receive rental income from the leasing of retail and other space under operating leases. The minimum future rentals based on operating leases of our Consolidated Properties as of December 31, 2013 are as follows:
	Year	Amount
	2014	$	1,381,256
	2015		1,261,589
	2016		1,118,800
	2017		976,692
	2018		833,062
	Subsequent		2,764,500
		$	8,335,899
	Minimum future rentals exclude amounts which are payable by certain tenants based upon a percentage of their gross sales or as reimbursement of operating expenses and amortization of above and below-market tenant leases. Such operating leases are with a variety of tenants, the majority of which are national and regional retail chains and local retailers, and consequently, our credit risk is concentrated in the retail industry.

EQUITY_AND_REDEEMABLE_NONCONTR

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2013
EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS	'
EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS	'
	NOTE 11 EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS
	Allocation to Noncontrolling Interests
	Noncontrolling interests consists of the redeemable interests related to our common and preferred Operating Partnership units and the noncontrolling interest in our consolidated joint ventures. The following table reflects the activity included in the allocation to noncontrolling interests.
		Year Ended December 31,
		2013			2012			2011
	Distributions to preferred Operating Partnership units	$	(9,287	)	$	(12,414	)	$	(9,655	)
	Net (income) loss allocation to noncontrolling interests in operating partnership from continuing operations (common units)		(2,281	)		3,498			2,212
	Net (income) loss allocated to noncontrolling interest in consolidated real estate affiliates		(3,103	)		(784	)		1,075
	Allocation to noncontrolling interests		(14,671	)		(9,700	)		(6,368	)
	Other comprehensive loss allocated to noncontrolling interests		(393	)		258			337
	Comprehensive loss allocated to noncontrolling interests	$	(15,064	)	$	(9,442	)	$	(6,031	)
	Redeemable Noncontrolling Interests
	The minority interest related to the Common and Preferred Units of the Operating Partnership are presented as redeemable noncontrolling interests in our Consolidated Balance Sheets since it is possible we could be required, under certain events outside of our control, to redeem the securities for cash by the holders of the securities.
	The Common and Preferred Units of the Operating Partnership are recorded at the greater of the carrying amount adjusted for the noncontrolling interest's share of the allocation of income or loss (and its share of other comprehensive income or loss) and dividends or their fair value as of each measurement date. The excess of the fair value over the carrying amount from period to period is recorded within Additional paid-in capital (loss) in our Consolidated Balance Sheets. Allocation to noncontrolling interests is presented as an adjustment to net income to arrive at net loss attributable to GGP.
	The common redeemable noncontrolling interests have been recorded at fair value for all periods presented. One tranche of preferred redeemable noncontrolling interests has been recorded at fair value, while the other tranches of preferred redeemable noncontrolling interests have been recorded at carrying value.
	Generally, the holders of the Common Units share in any distributions by the Operating Partnership with our common stockholders. However, the Operating Partnership agreement permits distributions solely to GGP if such distributions were required to allow GGP to comply with the REIT distribution requirements or to avoid the imposition of excise tax. Under certain circumstances, the conversion rate for each Common Unit is required to be adjusted to give effect to stock distributions. If the holders had requested redemption of the Common Units as of December 31, 2013, the aggregate amount of cash we would have paid would have been $131.9 million.
	The Operating Partnership issued Convertible Preferred Units that are convertible into Common Units of the Operating Partnership at the rates below (subject to adjustment). The holder may convert the Convertible Preferred Units into Common Units of the Operating Partnership at any time, subject to certain restrictions. The Common Units are convertible into common stock at a one-to-one ratio at the current stock price.
		Number of Common			Number of			Converted Basis to			Conversion Price		Redemption Value
		Units for each			Contractual			Common Units
		Preferred Unit			Convertible			Outstanding as of
					Preferred Units			December 31, 2013
					Outstanding as of
					December 31, 2013
	Series B(1)		3			1,279,632			3,991,540		$	16.6667		80,110
	Series D		1.50821			532,750			803,499			33.15188		26,638
	Series E		1.29836			502,658			652,631			38.51		25,133
													$	131,881
	-1
	The conversion price of Series B preferred units is lower than the GGP December 31, 2013 closing common stock price of $20.07. Therefore, a common stock price of $20.07 is used to calculate the Series B redemption value.
	The following table reflects the activity of the redeemable noncontrolling interests for the years ended December 31, 2013, 2012, and 2011.
	Balance at January 1, 2011	$	232,364
	Net loss		(2,212	)
	Distributions		(5,879	)
	Redemption of operating partnership units		(4,615	)
	Other comprehensive loss		(337	)
	Fair value adjustment for noncontrolling interests in Operating Partnership		4,474
	Balance at December 31, 2011	$	223,795
	Balance at January 1, 2012	$	223,795
	Net loss		(3,498	)
	Distributions		(2,850	)
	Redemption of operating partnership units		(2,730	)
	Dividend for RPI Spin-Off		3,137
	Other comprehensive loss		(258	)
	Fair value adjustment for noncontrolling interests in Operating Partnership		50,623
	Balance at December 31, 2012	$	268,219
	Balance at January 1, 2013	$	268,219
	Net income		2,281
	Distributions		(3,275	)
	Redemption of operating partnership units(1)		(41,889	)
	Other comprehensive income		393
	Fair value adjustment for noncontrolling interests in Operating Partnership		3,173
	Balance at December 31, 2013	$	228,902
	-1
	Operating partnership unit holders redeemed 1,756,521 units in 2013.
	Common Stock Dividend and Purchase of Common Stock
	Our Board of Directors declared common stock dividends during 2013 and 2012 as follows:
	Declaration Date	Record Date		Payment Date		Dividend Per Share
	2013
	October 28	December 13		January 2, 2014			0.14
	July 29	October 15		October 29, 2013			0.13
	May 10	July 16		July 30, 2013			0.12
	February 4	April 16		April 30, 2013			0.12
	2012
November 20	December 14		January 4, 2013			0.11
July 31	October 15		October 29, 2012			0.11
April 26	July 16		July 30, 2012			0.1
February 23	April 16		April 30, 2012			0.1
Distributions paid on our common stock and their tax status, as sent to our shareholders, is presented in the following table. The tax status of GGP distributions in 2013, 2012, and 2011 may not be indicative of future periods.
	Year Ended December 31,
	2013			2012			2011
Ordinary income	$	0.33		$	0.316		$	0.303
Return of capital		—			—			—
Qualified dividends		—			—			—
Capital gain distributions		0.29			0.221			0.296
Distributions per share	$	0.62		$	0.537		$	0.599
Our Dividend Reinvestment Plan ("DRIP") provides eligible holders of GGP's common stock with a convenient method of increasing their investment in the Company by reinvesting all or a portion of cash dividends in additional shares of common stock. Eligible stockholders who enroll in the DRIP on or before the fourth business day preceding the record date for a dividend payment will be able to have that dividend reinvested. As a result of the DRIP elections, 28,852 shares were issued during the year ended December 31, 2013 and 3,111,365 shares were issued during the year ended December 31, 2012.
Preferred Stock
On February 13, 2013, we issued, in a public offering, 10,000,000 shares of 6.375% Series A Cumulative Perpetual Preferred Stock (the "Preferred Stock") at a price of $25.00 per share, resulting in net proceeds of $242.0 million after issuance costs. The Preferred Stock is recorded net of issuance costs within equity on our Consolidated Balance Sheets, and accrues a quarterly dividend at an annual rate of 6.375%. The dividend is paid in arrears in preference to dividends on our common stock, and reduces net income available to common stockholders, and therefore, earnings per share.
The Preferred Stock does not have a stated maturity date but we may redeem the Preferred Stock after February 12, 2018, for $25.00 per share plus all accrued and unpaid dividends. We may redeem the Preferred Stock prior to February 12, 2018, in limited circumstances that preserve ownership limits and/or our status as a REIT, as well as during certain circumstances surrounding a change of control. Upon certain circumstances surrounding a change of control, holders of Preferred Stock may elect to convert each share of their Preferred Stock into a number of shares of GGP common stock equivalent to $25.00 plus accrued and unpaid dividends, but not to exceed a cap of 2.4679 common shares (subject to certain adjustments related to GGP common share splits, subdivisions, or combinations).
Our Board of Directors declared preferred stock dividends during 2013 as follows:
Declaration Date	Record Date		Payment Date		Dividend Per Share
2013
October 28	December 13		January 2, 2014		$	0.3984
July 29	September 13		October 1, 2013			0.3984
May 10	June 14		July 1, 2013			0.3984
March 4	March 15		April 1, 2013			0.2125

EARNINGS_PER_SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2013
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	NOTE 12 EARNINGS PER SHARE
	Basic earnings per share ("EPS") is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS is computed after adjusting the numerator and denominator of the basic EPS computation for the effects of all potentially dilutive common shares. The dilutive effect of the Warrants are computed using the "if-converted" method and the dilutive effect of options and their equivalents (including fixed awards and nonvested stock issued under stock-based compensation plans), is computed using the "treasury" method.
	Information related to our EPS calculations is summarized as follows:
		Year Ended December 31,
		2013			2012			2011
	Numerators—Basic:
	Income (loss) from continuing operations	$	307,156		$	(462,056	)	$	(193,891	)
	Preferred Stock dividend		(14,078	)		—			—
	Allocation to noncontrolling interests		(14,602	)		(9,663	)		(6,411	)
	Income (loss) from continuing operations—net of noncontrolling interests		278,476			(471,719	)		(200,302	)
	Discontinued operations		10,043			(9,477	)		(112,913	)
	Allocation to noncontrolling interests		(69	)		(37	)		43
	Discontinued operations—net of noncontrolling interests		9,974			(9,514	)		(112,870	)
	Net income (loss)		317,199			(471,533	)		(306,804	)
	Preferred Stock dividend		(14,078	)		—			—
	Allocation to noncontrolling interests		(14,671	)		(9,700	)		(6,368	)
	Net income (loss) attributable to common stockholders	$	288,450		$	(481,233	)	$	(313,172	)
	Numerators—Diluted:
	Income (loss) from continuing operations—net of noncontrolling interests	$	278,476		$	(471,719	)	$	(200,302	)
	Exclusion of warrant adjustment		—			—			(55,042	)
	Diluted income (loss) from continuing operations	$	278,476		$	(471,719	)	$	(255,344	)
	Net income (loss) attributable to common stockholders	$	288,450		$	(481,233	)	$	(313,172	)
	Exclusion of Warrant adjustment		—			—			(55,042	)
	Diluted net income (loss) attributable to common stockholders	$	288,450		$	(481,233	)	$	(368,214	)
	Denominators:
	Weighted-average number of common shares outstanding—basic		930,643			938,049			943,669
	Effect of dilutive securities		3,425			—			37,467
	Weighted-average number of common shares outstanding—diluted		934,068			938,049			981,136
	Anti-dilutive Securities:
	Effect of Preferred Units		5,506			5,526			5,526
	Effect of Common Units		6,434			6,819			6,929
	Effect of Stock Options		—			2,352			671
	Effect of Warrants		46,724			61,065			—
			58,664			75,762			13,126
	Options were anti-dilutive for the years ended December 31, 2012 and December 31, 2011 periods presented because of net losses, and, as such, their effect has not been included in the calculation of diluted net loss per share. For the year ended December 31, 2013 dilutive options are included in the denominator of EPS. In addition, potentially dilutive shares related to the Warrants for the years ended December 31, 2013 and December 31, 2012 have been excluded from the denominator in the computation of diluted EPS because they are also anti-dilutive. In 2011, dilutive shares related to the Warrants are included in the denominator of EPS because they are dilutive. Outstanding Common Units have also been excluded from the diluted earnings per share calculation because including such Common Units would also require that the share of GGPLP income attributable to such Common Units be added back to net income therefore resulting in no effect on EPS.
	During the year ended December 31, 2013, GGPLP repurchased 28,345,108 shares of GGP's common stock for $566.9 million, and these shares are presented as Common stock in treasury, at cost, on our Consolidated Balance Sheets. Accordingly, these shares have been excluded from the calculation of EPS. In addition, GGPLP was issued 27,459,195 shares of GGP common stock on March 26, 2013, as a result of GGPLP's purchase and subsequent exercising of the Fairholme and Blackstone Warrants (Note 9). These shares are presented as issued, but not outstanding on our Consolidated Balance Sheets. Accordingly, these shares have been excluded from the calculation of EPS.
	As a result of these transactions, GGPLP owns 55,804,303 shares of GGP common stock as of December 31, 2013.

STOCKBASED_COMPENSATION_PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2013
STOCK-BASED COMPENSATION PLANS	'
STOCK-BASED COMPENSATION PLANS	'
	NOTE 13 STOCK-BASED COMPENSATION PLANS
	Incentive Stock Plans
	The General Growth Properties, Inc. 2010 Equity Plan (the "Equity Plan") which remains in effect after the Effective Date, reserved for issuance of 4% of GGP outstanding shares on a fully diluted basis as of the Effective Date. The Equity Plan provides for grants of nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, other stock-based awards and performance-based compensation (collectively, "the Awards"). Directors, officers and other employees of GGP's and its subsidiaries and affiliates are eligible for Awards. The Equity Plan is not subject to the Employee Retirement Income Security Act of 1974, as amended. No participant may be granted more than 4,000,000 shares, or the equivalent dollar value of such shares, in any year. Options granted under the Equity Plan will be designated as either nonqualified stock options or incentive stock options. An option granted as an incentive stock option will, to the extent it fails to qualify as an incentive stock option, be treated as a nonqualified option. The exercise price of an option may not be less than the fair value of a share of GGP's common stock on the date of grant. The term of each option will be determined prior to the date of grant, but may not exceed ten years.
	Stock Options
	The following tables summarize stock option activity for the Equity Plan for GGP for the years ended December 31, 2013, 2012 and 2011:
		2013						2012					2011
		Shares			Weighted			Shares			Weighted		Shares			Weighted
					Average						Average					Average
					Exercise						Exercise					Exercise
					Price						Price					Price
	Stock options Outstanding at January 1,		9,692,499		$	13.59			11,503,869		$	15.65		5,427,011		$	20.21
	Granted		12,740,784			19.97			—			—		8,662,716			15.26
	Exercised		(339,723	)		14.33			(607,473	)		13.89		(51,988	)		11.05
	Forfeited		(488,969	)		16.27			(703,183	)		14.68		(1,606,792	)		14.96
	Expired		(39,310	)		14.35			(500,714	)		46.28		(927,078	)		39.31
	Stock options Outstanding at December 31,		21,565,281		$	17.28			9,692,499		$	13.59		11,503,869		$	15.65
	Intrinsic value of exercised options in period (in millions):				$	4.9					$	3.3				$	0.2
	The weighted average remaining contractual term of nonvested awards as of December 31, 2013 was 1.0 year.
		Stock Options Outstanding									Stock Options Exercisable
	Range of Exercise Prices	Shares			Weighted Average			Weighted			Shares		Weighted Average			Weighted
					Remaining Contractual			Average					Remaining Contractual			Average
					Term (in years)			Exercise					Term (in years)			Exercise
								Price								Price
	$8.00 - $12.00		2,000,000			6.8		$	9.69			1,500,000		6.8		$	9.69
	$13.00 - $17.00		6,996,034			7.4			14.61			2,965,960		7.3			14.58
	$18.00 - $22.00		12,569,247			9.5			19.98			—		—			—
	Total		21,565,281			8.6		$	17.28			4,465,960		7.1		$	12.94
	Intrinsic value ($20.07 stock price)	$	60,167								$	31,842
	Stock options under the Equity Plan generally vest in 20% increments annually from one year from the grant date. Options under certain previous equity plans were replaced under the Plan with options, fully vested, in GGP common stock.
	The weighted-average fair value of stock options as of the grant date was $5.11 for stock options granted during the year ended December 31, 2013 and $4.59 for stock options granted during the year ended December 31, 2011.
	Restricted Stock
	Pursuant to the Equity Plan, GGP and GGP Inc. made restricted stock grants to certain employees and non-employee directors. The vesting terms of these grants are specific to the individual grant. The vesting terms varied in that a portion of the shares vested either immediately or on the first anniversary and the remainder vested in equal annual amounts over the next two to five years. Participating employees were required to remain employed for vesting to occur (subject to certain exceptions in the case of retirement). Shares that did not vest were forfeited. Dividends are paid on restricted stock and are not returnable, even if the underlying stock does not ultimately vest.
	The following table summarizes restricted stock activity for the respective grant year ended December 31, 2013, December 31, 2012 and December 31, 2011:
		2013						2012					2011
		Shares			Weighted			Shares			Weighted		Shares			Weighted
					Average Grant						Average Grant					Average Grant
					Date Fair Value						Date Fair Value					Date Fair Value
	Nonvested restricted stock grants outstanding as of beginning of period		1,426,338		$	14.07			1,716,932		$	14.19		2,807,682		$	14.24
	Granted		37,352			19.97			37,731			14.89		84,659			14.98
	Canceled		(164,970	)		15.69			(123,183	)		14.89		(329,292	)		14.73
	Vested		(55,796	)		15.15			(205,142	)		14.73		(846,117	)		14.23
	Nonvested restricted stock grants outstanding as of end of period		1,242,924		$	13.99			1,426,338		$	14.07		1,716,932		$	14.19
	Vested fair value (in millions):				$	3.4					$	3.9				$	12.1
	Other Required Disclosures
	Historical data, such as the past performance of our common stock and the length of service by employees, is used to estimate expected life of the stock options and our restricted stock and represents the period of time the options or grants are expected to be outstanding. The weighted average estimated values of options granted were based on the following assumptions:
		Year Ended December 31,
		2013			2012		2011
	Risk-free interest rate(*)		1.71	%	No options granted			1.25	%
	Dividend yield(*)		2.52	%	No options granted			2.5	%
	Expected volatility		32.32	%	No options granted			41.16	%
	Expected life (in years)		6.5		No options granted			6.5
	(*)
	Weighted average
	Compensation expense related to stock-based compensation plans is summarized in the following table:
		Year Ended December 31,
		2013			2012			2011
	Stock options—Property management and other costs	$	5,104		$	3,111		$	2,975
	Stock options—General and administrative		10,178			6,282			5,650
	Restricted stock—Property management and other costs		1,504			1,553			2,843
	Restricted stock—General and administrative		6,230			7,922			8,591
	Total	$	23,016		$	18,868		$	20,059
	Unrecognized compensation expense as of December 31, 2013 is as follows:
	Year	Amount
2014	$	23,935
2015		20,335
2016		16,057
2017		15,492
2018		3,420
		79,239
These amounts may be impacted by future grants, changes in forfeiture estimates or vesting terms, and actual forfeiture rates which differ from estimated forfeitures.

PREPAID_EXPENSES_AND_OTHER_ASS

PREPAID EXPENSES AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2013
PREPAID EXPENSES AND OTHER ASSETS	'
PREPAID EXPENSES AND OTHER ASSETS	'
	NOTE 14 PREPAID EXPENSES AND OTHER ASSETS
	The following table summarizes the significant components of Prepaid expenses and other assets.
		December 31, 2013							December 31, 2012
		Gross Asset		Accumulated			Balance		Gross Asset		Accumulated			Balance
				Amortization							Amortization
	Intangible assets:
	Above-market tenant leases, net	$	1,022,398	$	(478,998	)	$	543,400	$	1,230,117	$	(425,837	)	$	804,280
	Below-market ground leases, net		164,017		(13,597	)		150,420		169,539		(9,825	)		159,714
	Real estate tax stabilization agreement, net		111,506		(19,834	)		91,672		111,506		(13,523	)		97,983
	Total intangible assets	$	1,297,921	$	(512,429	)	$	785,492	$	1,511,162	$	(449,185	)	$	1,061,977
	Remaining Prepaid expenses and other assets:
	Security and escrow deposits							145,999							181,481
	Prepaid expenses							23,283							54,514
	Other non-tenant receivables							25,988							12,450
	Deferred tax, net of valuation allowances							906							902
	Other							13,901							18,141
	Total remaining Prepaid expenses and other assets							210,077							267,488
	Total Prepaid expenses and other assets						$	995,569						$	1,329,465

ACCOUNTS_PAYABLE_AND_ACCRUED_E

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2013
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	'
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	'
	NOTE 15 ACCOUNTS PAYABLE AND ACCRUED EXPENSES
	The following table summarizes the significant components of Accounts payable and accrued expenses.
		December 31, 2013							December 31, 2012
		Gross Liability		Accumulated			Balance		Gross Liability		Accumulated			Balance
				Accretion							Accretion
	Intangible liabilities:
	Below-market tenant leases, net	$	622,710	$	(271,215	)	$	351,495	$	725,878	$	(251,896	)	$	473,982
	Above-market headquarters office leases, net		15,268		(5,130	)		10,138		15,268		(3,393	)		11,875
	Above-market ground leases, net		9,756		(1,181	)		8,575		9,756		(805	)		8,951
	Total intangible liabilities	$	647,734	$	(277,526	)	$	370,208	$	750,902	$	(256,094	)	$	494,808
	Remaining Accounts payable and accrued expenses:
	Accrued interest							80,409							185,461
	Accounts payable and accrued expenses							98,986							160,861
	Accrued real estate taxes							92,663							67,581
	Deferred gains/income							115,354							98,376
	Accrued payroll and other employee liabilities							34,006							34,802
	Construction payable							103,988							70,609
	Tenant and other deposits							21,434							22,870
	Insurance reserve liability							16,643							15,796
	Capital lease obligations							12,703							13,292
	Conditional asset retirement obligation liability							10,424							12,134
	Uncertain tax position liability							5,536							5,873
	Other							27,013							29,768
	Total remaining Accounts payable and accrued expenses							619,159							717,423
	Total Accounts payable and accrued expenses						$	989,367						$	1,212,231

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
	NOTE 16 ACCUMULATED OTHER COMPREHENSIVE LOSS
	Components of accumulated other comprehensive loss as of December 31, 2013 and 2012 are as follows:
		December 31, 2013			December 31, 2012
	Net unrealized gains on financial instruments	$	124		$	129
	Foreign currency translation		(38,297	)		(87,547	)
	Unrealized gains on available-for-sale securities		—			64
		$	(38,173	)	$	(87,354	)

LITIGATION

LITIGATION	12 Months Ended
	Dec. 31, 2013
LITIGATION	'
LITIGATION	'
	NOTE 17 LITIGATION
	In the normal course of business, from time to time, we are involved in legal proceedings relating to the ownership and operations of our properties. In management's opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a material effect on our consolidated financial position, results of operations or liquidity.
	Urban Litigation
	In October 2004, certain limited partners (the "Urban Plaintiffs") of Urban Shopping Centers, L.P. ("Urban") filed a lawsuit against Urban's general partner, Head Acquisition, L.P. ("Head"), as well as TRCLP, Simon Property Group, Inc., Westfield America, Inc., and various of their affiliates, including Head's general partners (collectively, the "Urban Defendants"), in Circuit Court in Cook County, Illinois. GGP Inc., GGPLP and other affiliates were later included as Urban Defendants. The lawsuit alleges, among other things, that the Urban Defendants breached the Urban partnership agreement, unjustly enriched themselves through misappropriation of partnership opportunities, failed to grow the partnership, breached their fiduciary duties, and tortiously interfered with several contractual relationships. The plaintiffs seek relief in the form of unspecified monetary damages and equitable relief requiring, among other things, the Urban Defendants, including GGP, Inc. and its affiliates, to engage in certain future transactions through the Urban Partnership. On June 24, 2013, the court held oral argument on the parties' cross-motions for partial summary judgment. The court rendered its decisions on these motions on November 7, 2013, affirming certain of the motions for plaintiffs and the co-defendants and denying others. A trial date has been scheduled for May 2014. While the parties have entered into discussions regarding potential settlement terms, it is not possible to determine whether such discussions will ultimately result in a settlement acceptable to all parties.
	As a result of our consideration of the risks associated with this matter, the uncertainty regarding the outcome of the settlement discussions, as well as discussions with counsel, the Company has concluded that we cannot reasonably estimate a possible range of potential loss related to the Urban Plaintiffs' lawsuit due to the broad spectrum of monetary and non-monetary remedies that may result from the outcome of the matter and the difficulty in calculating and allocating damages (if any) among the defendants. Therefore, no liability has been accrued and no range of loss has been disclosed in the accompanying consolidated financial statements as of and for the year ended December 31, 2013.
	John Schreiber, one of our former directors, serves on the board of directors of, and is an investor in, an entity that is a principal investor in the Urban Plaintiffs, and is himself an investor in the Urban Plaintiffs and, therefore, has a financial interest in the outcome of the litigation that may be adverse to us.
	Default Interest
	Pursuant to the Plan, the Company cured and reinstated that certain note (the "Homart Note") in the original principal amount of $254.0 million between GGPLP and The Comptroller of the State of New York as Trustee of the Common Retirement Fund ("CRF") by payment in cash of accrued interest at the contractual non-default rate. CRF, however, contended that the Company's bankruptcy caused the Company to default under the Homart Note and, therefore, post-petition interest accrued under the Homart Note at the contractual default rate was due for the period June 1, 2009 until November 9, 2010. On June 16, 2011, the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court") ruled in favor of CRF, and, on June 22, 2011, the Company elected to satisfy the Homart Note in full by paying CRF the outstanding default interest and principal amount on the Homart Note totaling $246.0 million. As a result of the ruling, the Company incurred and paid $11.7 million of default interest expense during the year ended December 31, 2011. The Company appealed the Bankruptcy Court's order and reserved its right to recover the payment of default interest. On March 13, 2013, the parties reached a settlement. In exchange for the Company's dismissal of its appeal, CRF waived all claims to attorneys' fees.
	Pursuant to the Plan, the Company agreed to pay to the holders of claims (the "2006 Lenders") under a revolving and term loan facility (the "2006 Credit Facility") the principal amount of their claims outstanding of approximately $2.6 billion plus post-petition interest at the contractual non-default rate. However, the 2006 Lenders asserted that they were entitled to receive interest at the contractual default rate. In July 2011, the Bankruptcy Court ruled in favor of the 2006 Lenders. The Company had accrued $96.1 million as of December 31, 2012. The Company appealed the Bankruptcy Court ruling, and on March 13, 2013, the parties reached a settlement. In exchange for the Company's dismissal of its appeal, and a payment by the Company of $97.4 million, the 2006 Lenders waived all claim to attorneys' fees.
	Tax Indemnification Liability
	Pursuant to the Investment Agreements, GGP has indemnified HHC from and against 93.75% of any and all losses, claims, damages, liabilities and reasonable expenses to which HHC and its subsidiaries become subject, in each case solely to the extent directly attributable to MPC Taxes (as defined in the Investment Agreements) in an amount up to $303.8 million. Under certain circumstances, we agreed to be responsible for interest or penalties attributable to such MPC Taxes in excess of the $303.8 million. The IRS disagrees with the method used to report gains for income tax purposes that are the subject of the MPC taxes. As a result of this disagreement, The Howard Hughes Company, LLC and Howard Hughes Properties, Inc. filed petitions in the United States Tax Court on May 6, 2011, contesting this liability for the 2007 and 2008 years and a trial was held in early November 2012. The Internal Revenue Service has opened an audit for these two taxpayers for 2009 through 2011 with respect to MPC Taxes. The outcome of this Tax Court decision will impact the timing of the payment of the MPC taxes to HHC. We anticipate the Tax Court's decision in 2014. We have accrued $303.6 million as of December 31, 2013 and $303.8 million as of December 31, 2012 related to the tax indemnification liability. In addition, we have accrued $21.6 million of interest related to the tax indemnification liability in accounts payable and accrued expenses on our Consolidated Balance Sheets as of December 31, 2013, and December 31, 2012. As a result of our consideration of the risks associated with this matter, as well as discussions with counsel, the Company believes that the aggregate liability recorded of $325.2 million represents management's best estimate of our liability as of December 31, 2013 and that the probability that we will incur a loss in excess of this amount is remote. Depending on the outcome of the Tax Court litigation, it is possible that we may make potentially significant payments on the tax indemnification liability in the next twelve months. We do not expect that these payments will exceed the tax indemnification liability accrued as of December 31, 2013.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 18 COMMITMENTS AND CONTINGENCIES
	We lease land or buildings at certain properties from third parties. The leases generally provide us with a right of first refusal in the event of a proposed sale of the property by the landlord. Rental payments are expensed as incurred and have, to the extent applicable, been straight-lined over the term of the lease. The following is a summary of our contractual rental expense as presented in our Consolidated Statements of Operations and Comprehensive Income (Loss):
		Year Ended December 31,
		2013		2012		2011
	Contractual rent expense, including participation rent	$	13,568	$	14,248	$	13,034
	Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent		8,750		9,188		7,886
	See Note 8 and Note 17 for our obligations related to uncertain tax positions and for disclosure of additional contingencies.
	The following table summarizes the contractual maturities of our long-term commitments. Long-term debt and ground leases include the related acquisition accounting fair value adjustments:
		2014		2015		2016		2017		2018		Subsequent/		Total
												Other
	Mortgages, notes and loans payable(1)	$	392,982	$	836,291	$	1,033,884	$	887,418	$	1,928,647	$	10,593,215	$	15,672,437
	Retained debt-principal		1,445		1,527		1,598		1,702		1,798		82,485		90,555
	Purchase obligations		138,798		—		—		—		—		—		138,798
	Ground lease payments		5,902		5,912		5,911		5,941		5,859		190,376		219,901
	Junior Subordinated Notes(2)		—		—		—		—		—		206,200		206,200
	Tax indemnification liability(3)		—		—		—		—		—		303,586		303,586
	Uncertain tax position liability(4)		—		—		—		—		—		5,536		5,536
	Total	$	539,127	$	843,730	$	1,041,393	$	895,061	$	1,936,304	$	11,381,398	$	16,637,013
	-1
	The $51.8 million outstanding on the revolving credit facility as of December 31, 2013 is included in 2014.
	-2
	The $206.2 million of Junior Subordinated Notes are due in 2041, but may be redeemed any time after April 30, 2011. As we do not expect to redeem the notes prior to maturity, they are included in the consolidated debt maturing subsequent to 2018.
	-3
	The outcome of the Tax Court's decision will impact the timing of the payment. We expect the Tax Court's decision in 2014 (Note 17).
	-4
	The uncertain income tax liability for which reasonable estimates about the timing of payments cannot be made is disclosed within the Subsequent/Other column.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	NOTE 19 SUBSEQUENT EVENTS
	On February 14, 2014, we sold one operating property in a lender-directed sale in full satisfaction of the related debt. The sale resulted in a Gain on extinguishment of debt of approximately $67 million in the first quarter of 2014.
	On February 10, 2014, GGP acquired 27,624,282 shares of its common stock from Pershing Square for approximately $556 million.

QUARTERLY_FINANCIAL_INFORMATIO

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2013
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	'
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	'
	NOTE 20 QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
	Quarterly data for the year ended December 31, 2013 and 2012 is summarized in the table below. Figures presented below have been adjusted for discontinued operations (Note 4), and include the impact of Provisions for impairment (Note 2), the Warrant liability adjustment (Note 9), and Gains from changes in control of investment properties (Note 3) in continuing operations.
		2013
		First Quarter			Second			Third			Fourth
					Quarter			Quarter			Quarter
	Total revenues	$	629,109		$	604,410		$	612,505		$	681,363
	Operating income		198,473			200,329			195,707			237,650
	Income (loss) from continuing operations		(27,719	)		215,790			30,843			88,243
	Income (loss) from discontinued operations		18,983			(1,867	)		12			(7,085	)
	Net income (loss) income attributable to common shareholders		(13,651	)		205,391			23,499			73,212
	Basic Earnings (Loss) Per Share:
	Continuing operations		(0.03	)		0.22			0.03			0.09
	Discontinued operations		0.02			—			—			(0.01	)
	Diluted Earnings (Loss) Per Share:
	Continuing operations		(0.03	)		0.21			0.03			0.08
	Discontinued operations		0.02			—			—			(0.01	)
	Dividends declared per share		0.12			0.12			0.13			0.14
	Weighted-average shares outstanding:
	Basic		939,271			939,434			932,964			911,185
	Diluted		939,271			989,461			980,767			960,765
		2012
		First Quarter			Second			Third			Fourth
					Quarter			Quarter			Quarter
	Total revenues	$	589,082		$	597,958		$	616,038		$	663,760
	Operating income		164,547			190,126			154,033			250,857
	Loss from continuing operations		(182,202	)		(107,439	)		(148,196	)		(24,219	)
	Income (loss) from discontinued operations		(12,047	)		1,095			(58,410	)		59,885
	Net income (loss) income attributable to common shareholders		(197,615	)		(107,933	)		(207,886	)		32,201
	Basic Earnings (Loss) Per Share:(1)
	Continuing operations		(0.20	)		(0.12	)		(0.17	)		(0.03	)
	Discontinued operations		(0.01	)		—			(0.06	)		0.07
	Diluted Earnings (Loss) Per Share:(1)
	Continuing operations		(0.20	)		(0.12	)		(0.16	)		(0.03	)
	Discontinued operations		(0.01	)		—			(0.06	)		0.07
	Dividends declared per share		0.1			0.1			0.11			0.11
	Weighted-average shares outstanding:
	Basic		937,274			937,789			938,316			938,049
	Diluted		937,274			937,789			938,316			938,049
	-1
	Earnings (loss) per share for the quarters do not add up to annual earnings per share due to the issuance of additional common stock during the year.

SCHEDULE_III_REAL_ESTATE_AND_A

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2013
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	'
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	'
	GENERAL GROWTH PROPERTIES, INC.
	SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION
	31-Dec-13
	(Dollars in thousands)
												Costs Capitalized						Gross Amounts at Which Carriedat
												Subsequent to						Close of Period(c)
							Acquistion Cost(b)					Acquisition															Life Upon
																											Which Latest
																											Statement of
																											Operation is
	Name of Center	Location		Encumbrances(a)			Land			Buildings and		Land			Buildings and			Land		Buildings and		Total		Accumulated		Date	Computed
										Improvements					Improvements					Improvements				Depreciation(d)		Acquired
	Ala Moana Center	Honolulu, HI			1,400,000		$	571,836			1,738,740	$	954		$	12,357		$	572,790	$	1,751,097	$	2,323,887	$	164,383	November, 2010		(d)
	Apache Mall	Rochester, MN			97,851			17,738			116,663		—			1,836			17,738		118,499		136,237		12,713	November, 2010		(d)
	Augusta Mall	Augusta, GA			170,000			25,450			137,376		—			6,177			25,450		143,553		169,003		17,954	November, 2010		(d)
	Baybrook Mall	Friendswood, TX			261,771			76,527			288,241		—			3,200			76,527		291,441		367,968		27,998	November, 2010		(d)
	Bayside Marketplace	Miami, FL			1,269			—			198,396		—			2,607			—		201,003		201,003		33,602	November, 2010		(d)
	Beachwood Place	Beachwood, OH			218,222			59,156			196,205		—			2,222			59,156		198,427		257,583		19,002	November, 2010		(d)
	Bellis Fair	Bellingham, WA			91,223			14,122			102,033		—			20,337			14,122		122,370		136,492		12,316	November, 2010		(d)
	Boise Towne Square	Boise, ID			144,442			44,182			163,118		—			6,893			44,182		170,011		214,193		17,555	November, 2010		(d)
	Brass Mill Center	Waterbury, CT			101,588			31,496			99,107		—			658			31,496		99,765		131,261		13,274	November, 2010		(d)
	Coastland Center	Naples, FL			127,479			24,470			166,038		—			1,295			24,470		167,333		191,803		17,470	November, 2010		(d)
	Columbia Mall	Columbia, MO			—			7,943			107,969		(154	)		(1,141	)		7,789		106,828		114,617		11,718	November, 2010		(d)
	Columbiana Centre	Columbia, SC			—			22,178			125,061		—			(994	)		22,178		124,067		146,245		15,291	November, 2010		(d)
	Coral Ridge Mall	Coralville, IA			113,714			20,178			134,515		2,219			14,367			22,397		148,882		171,279		16,355	November, 2010		(d)
	Coronado Center	Albuquerque, NM			148,020			28,312			153,526		4,545			20,815			32,857		174,341		207,198		16,527	November, 2010		(d)
	Crossroads Center	St. Cloud, MN			105,941			15,499			103,077		—			877			15,499		103,954		119,453		11,385	November, 2010		(d)
	Cumberland Mall	Atlanta, GA			160,000			36,913			138,795		—			4,284			36,913		143,079		179,992		17,099	November, 2010		(d)
	Deerbrook Mall	Humble, TX			148,302			36,761			133,448		—			2,307			36,761		135,755		172,516		15,154	November, 2010		(d)
	Eastridge Mall	Casper, WY			—			5,484			36,756		—			6,762			5,484		43,518		49,002		5,733	November, 2010		(d)
	Eastridge Mall	San Jose, CA			151,512			30,368			135,317		(3,127	)		1,879			27,241		137,196		164,437		16,381	November, 2010		(d)
	Fashion Place	Murray, UT			226,730			24,068			232,456		2,079			52,076			26,147		284,532		310,679		26,736	November, 2010		(d)
	Fashion Show	Las Vegas, NV			839,913			564,310			627,327		8,635			47,263			572,945		674,590		1,247,535		68,216	November, 2010		(d)
	Four Seasons Town Centre	Greensboro, NC			86,894			17,259			126,570		—			3,529			17,259		130,099		147,358		13,524	November, 2010		(d)
	Fox River Mall	Appleton, WI			180,808			42,259			217,932		—			3,341			42,259		221,273		263,532		21,382	November, 2010		(d)
	Glenbrook Square	Fort Wayne, IN			153,041			30,965			147,002		2,444			15,066			33,409		162,068		195,477		15,778	November, 2010		(d)
	Governor's Square	Tallahassee, FL			72,912			18,289			123,088		—			1,716			18,289		124,804		143,093		19,572	November, 2010		(d)
	Grand Teton Mall	Idaho Falls, ID			—			13,066			59,658		—			957			13,066		60,615		73,681		7,423	November, 2010		(d)
	Greenwood Mall	Bowling Green, KY			63,000			12,459			85,370		—			2,435			12,459		87,805		100,264		11,182	November, 2010		(d)
	Hulen Mall	Fort Worth, TX			129,657			8,665			112,252		—			14,560			8,665		126,812		135,477		12,358	November, 2010		(d)
	Jordan Creek Town Center	West Des Moines, IA			220,000			54,663			262,608		(226	)		3,024			54,437		265,632		320,069		30,274	November, 2010		(d)
	Lakeside Mall	Sterling Heights, MI			151,162			36,993			130,460		—			2,225			36,993		132,685		169,678		14,462	November, 2010		(d)
	Lynnhaven Mall	Virginia Beach, VA			210,590			54,628			219,013		(90	)		10,139			54,538		229,152		283,690		24,621	November, 2010		(d)
	Mall of Louisiana	Baton Rouge, LA			223,440			88,742			319,097		—			(36	)		88,742		319,061		407,803		28,921	November, 2010		(d)
	Mall St. Matthews	Louisville, KY			186,662			42,014			155,809		(5,981	)		7,973			36,033		163,782		199,815		16,435	November, 2010		(d)
	Market Place Shopping Center	Champaign, IL			113,425			21,611			111,515		—			2,035			21,611		113,550		135,161		11,739	November, 2010		(d)
	Mayfair Mall	Wauwatosa, WI			—			84,473			352,140		(79	)		(1,342	)		84,394		350,798		435,192		33,360	November, 2010		(d)
	Meadows Mall	Las Vegas, NV			162,936			30,275			136,846		—			764			30,275		137,610		167,885		14,219	November, 2010		(d)
	Mondawmin Mall	Baltimore, MD			—			19,707			63,348		—			15,141			19,707		78,489		98,196		8,821	November, 2010		(d)
	Newgate Mall	Ogden, UT			58,000			17,856			70,318		—			7,665			17,856		77,983		95,839		11,654	November, 2010		(d)
	North Point Mall	Alpharetta, GA			250,000			57,900			228,517		—			9,045			57,900		237,562		295,462		31,430	November, 2010		(d)
	North Star Mall	San Antonio, TX			332,135			91,135			392,422		—			5,249			91,135		397,671		488,806		35,469	November, 2010		(d)
	Northridge Fashion Center	Northridge, CA			241,431			66,774			238,023		—			27,440			66,774		265,463		332,237		25,752	November, 2010		(d)
	NorthTown Mall	Spokane, WA			—			12,310			108,857		—			393			12,310		109,250		121,560		11,690	November, 2010		(d)
	Oak View Mall	Omaha, NE			81,709			20,390			107,216		—			324			20,390		107,540		127,930		11,256	November, 2010		(d)
	Oakwood Center	Gretna, LA			—			21,105			74,228		—			17,714			21,105		91,942		113,047		8,460	November, 2010		(d)
	Oakwood Mall	Eau Claire, WI			—			13,786			92,114		—			4,399			13,786		96,513		110,299		10,617	November, 2010		(d)
	Oglethorpe Mall	Savannah, GA			150,000			27,075			157,100		—			(154	)		27,075		156,946		184,021		16,491	November, 2010		(d)
	Oxmoor Center	Louisville, KY			91,796			—			117,814		—			9,275			—		127,089		127,089		11,934	November, 2010		(d)
	GENERAL GROWTH PROPERTIES, INC.
	SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued)
	31-Dec-13
	(Dollars in thousands)
											Costs Capitalized						Gross Amounts at Which Carried at
											Subsequent to						Close of Period(c)
						Acquistion Cost(b)					Acquisition															Life Upon
																										Which Latest
																										Statement of
																										Operation is
Name of Center	Location		Encumbrances(a)			Land			Buildings and		Land			Buildings and			Land		Buildings and		Total		Accumulated		Date	Computed
									Improvements					Improvements					Improvements				Depreciation(d)		Acquired
Paramus Park	Paramus, NJ			93,390			31,320			102,054		—			4,323			31,320		106,377		137,697		12,490	November, 2010		(d)
Park City Center	Lancaster, PA			190,317			42,451			195,409		—			1,788			42,451		197,197		239,648		19,076	November, 2010		(d)
Park Place	Tucson, AZ			192,764			61,907			236,019		—			1,185			61,907		237,204		299,111		22,075	November, 2010		(d)
Peachtree Mall	Columbus, GA			79,859			13,855			92,143		—			1,787			13,855		93,930		107,785		12,158	November, 2010		(d)
Pecanland Mall	Monroe, LA			90,000			12,943			73,231		—			7,301			12,943		80,532		93,475		9,905	November, 2010		(d)
Pembroke Lakes Mall	Pembroke Pines, FL			260,000			64,883			254,910		—			(9,947	)		64,883		244,963		309,846		25,335	November, 2010		(d)
Pioneer Place	Portland, OR			—			—			97,096		—			2,475			—		99,571		99,571		7,727	November, 2010		(d)
Prince Kuhio Plaza	Hilo, HI			44,695			—			52,373		—			3,953			—		56,326		56,326		7,610	November, 2010		(d)
Providence Place	Providence, RI			408,991			—			400,893		—			5,433			—		406,326		406,326		36,004	November, 2010		(d)
Provo Towne Centre	Provo, UT			48,321			17,027			75,871		943			(9,647	)		17,970		66,224		84,194		12,626	November, 2010		(d)
Quail Springs Mall	Oklahoma City, OK			74,751			40,523			149,571		—			322			40,523		149,893		190,416		3,816	June, 2013		(d)
Red Cliffs Mall	St. George, UT			—			6,811			33,930		—			1,248			6,811		35,178		41,989		5,170	November, 2010		(d)
Ridgedale Center	Minnetonka, MN			154,737			39,495			151,090		1,108			4,910			40,603		156,000		196,603		14,066	November, 2010		(d)
River Hills Mall	Mankato, MN			—			16,207			85,608		—			1,656			16,207		87,264		103,471		9,337	November, 2010		(d)
Rivertown Crossings	Grandville, MI			163,323			47,790			181,770		—			2,685			47,790		184,455		232,245		18,723	November, 2010		(d)
Rogue Valley Mall	Medford, OR			55,000			9,042			61,558		—			1,813			9,042		63,371		72,413		5,737	November, 2010		(d)
Sooner Mall	Norman, OK			—			9,902			69,570		—			2,172			9,902		71,742		81,644		8,017	November, 2010		(d)
Spokane Valley Mall	Spokane, WA			61,498			16,817			100,209		—			(7,996	)		16,817		92,213		109,030		10,937	November, 2010		(d)
Staten Island Mall	Staten Island, NY			272,089			102,227			375,612		—			1,064			102,227		376,676		478,903		40,459	November, 2010		(d)
Stonestown Galleria	San Francisco, CA			180,000			65,962			203,043		—			7,887			65,962		210,930		276,892		19,934	November, 2010		(d)
The Crossroads	Portage, MI			100,000			20,261			95,463		1,110			2,478			21,371		97,941		119,312		10,430	November, 2010		(d)
The Gallery At Harborplace	Baltimore, MD			89,212			15,930			112,117		—			5,281			15,930		117,398		133,328		13,412	November, 2010		(d)
The Maine Mall	South Portland, ME			191,599			36,205			238,067		—			10,366			36,205		248,433		284,638		24,268	November, 2010		(d)
The Mall In Columbia	Columbia, MD			350,000			124,540			479,171		—			4,348			124,540		483,519		608,059		41,870	November, 2010		(d)
The Oaks Mall	Gainesville, FL			136,504			21,954			173,353		—			(3,327	)		21,954		170,026		191,980		13,295	April, 2012		(d)
The Parks at Arlington	Arlington, TX			259,409			19,807			299,708		49			11,508			19,856		311,216		331,072		28,401	November, 2010		(d)
The Shoppes at Buckland	Manchester, CT			126,887			35,180			146,474		—			(1,302	)		35,180		145,172		180,352		16,286	November, 2010		(d)
The Shops At Fallen Timbers	Maumee, OH			—			3,785			31,771		(16	)		2,005			3,769		33,776		37,545		5,858	November, 2010		(d)
The Shops At La Cantera	San Antonio, TX			162,858			80,016			350,737		—			25,168			80,016		375,905		455,921		40,430	November, 2010		(d)
The Streets At SouthPoint	Durham, NC			260,000			66,045			242,189		—			(211	)		66,045		241,978		308,023		23,757	November, 2010		(d)
The Woodlands Mall	The Woodlands, TX			259,727			84,889			349,315		2,291			2,310			87,180		351,625		438,805		33,774	November, 2010		(d)
Town East Mall	Mesquite, TX			160,270			9,928			168,555		—			3,465			9,928		172,020		181,948		16,527	November, 2010		(d)
Tucson Mall	Tucson, AZ			246,000			2,071			193,815		—			92,832			2,071		286,647		288,718		40,341	November, 2010		(d)
Tysons Galleria	McLean, VA			323,641			90,317			351,005		—			3,016			90,317		354,021		444,338		29,512	November, 2010		(d)
Valley Plaza Mall	Bakersfield, CA			240,000			38,964			211,930		—			(1,112	)		38,964		210,818		249,782		21,540	November, 2010		(d)
Visalia Mall	Visalia, CA			74,000			11,912			80,185		—			1,129			11,912		81,314		93,226		8,088	November, 2010		(d)
Westlake Center	Seattle, WA			4,255			19,055			129,295		(14,819	)		(93,252	)		4,236		36,043		40,279		3,743	November, 2010		(d)
Westroads Mall	Omaha, NE			154,181			32,776			184,253		—			3,439			32,776		187,692		220,468		12,762	April, 2012		(d)
White Marsh Mall	Baltimore, MD			190,000			43,880			177,194		4,125			5,631			48,005		182,825		230,830		19,320	November, 2010		(d)
Willowbrook	Wayne, NJ			360,000			110,660			419,822		—			626			110,660		420,448		531,108		42,005	November, 2010		(d)
Woodbridge Center	Woodbridge, NJ			183,303			67,825			242,744		—			21,577			67,825		264,321		332,146		31,385	November, 2010		(d)
Office, other and construction in progress(e)				1,969,481			199,339			783,305		18,696			392,428			218,035		1,175,733		1,393,768		90,969
Total			$	15,878,637		$	4,295,891		$	17,795,909	$	24,706		$	881,769		$	4,320,597	$	18,677,678	$	22,998,275	$	1,884,861
GENERAL GROWTH PROPERTIES, INC.
NOTES TO SCHEDULE III
(Dollars in thousands)
(a)
See description of mortages, notes and other loans payable in Note 7 of Notes to Consolidated Financial Statements.
(b)
Acquisition for individual properties represents historical cost at the end of the month acquired.
(c)
The aggregate cost of land, buildings and improvements for federal income tax purposes is approximately $11.1 billion (unaudited).
(d)
Depreciation is computed based upon the following estimated useful lives:
	Years
Buildings and improvements	Oct-45
Equipment and fixtures	20-Mar
Tenant improvements	Shorter of useful life or applicable lease term
(e)
Office and other retail properties, as well as properties, that have been de-leased for redevelopment.
Reconciliation of Real Estate
	2013			2012			2011
(In thousands)
Balance at beginning of period	$	23,461,858		$	24,597,501		$	25,140,166
Additions		1,049,417			1,034,439			383,001
Impairments		(18,361	)		(131,156	)		(63,910	)
Dispositions and write-offs		(1,494,639	)		(2,038,926	)		(861,756	)
Balance at end of period	$	22,998,275		$	23,461,858		$	24,597,501
Reconciliation of Accumulated Depreciation
	2013			2012			2011
(In thousands)
Balance at beginning of period	$	1,440,301		$	974,185		$	129,794
Depreciation expense		737,565			775,768			942,661
Dispositions and write-offs		(293,005	)		(309,652	)		(98,270	)
Balance at end of period	$	1,884,861		$	1,440,301		$	974,185

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Principles of Consolidation and Basis of Presentation	'
	Principles of Consolidation and Basis of Presentation
	The accompanying consolidated financial statements include the accounts of GGP, our subsidiaries and joint ventures in which we have a controlling interest. For consolidated joint ventures, the noncontrolling partner's share of the assets, liabilities and operations of the joint ventures (generally computed as the joint venture partner's ownership percentage) is included in noncontrolling interests in consolidated real estate affiliates as permanent equity of the Company. Intercompany balances and transactions have been eliminated.
	We operate in a single reportable segment which includes the operation, development and management of retail and other rental properties, primarily regional malls. Our portfolio is targeted to a range of market sizes and consumer tastes. Each of our operating properties is considered a separate operating segment, as each property earns revenues and incurs expenses, individual operating results are reviewed and discrete financial information is available. We do not distinguish or group our consolidated operations based on geography, size or type. Our operating properties have similar economic characteristics and provide similar products and services to our tenants. Further, all material operations are within the United States and no customer or tenant comprises more than 10% of consolidated revenues. As a result, the Company's operating properties are aggregated into a single reportable segment.
Reclassifications	'
	Reclassifications
	Certain prior period amounts included in the Consolidated Statements of Operations and Comprehensive Income (Loss) and related footnotes associated with properties we have disposed of have been reclassified to discontinued operations for all periods presented (Note 4).
Properties	'
	Properties
	Real estate assets are stated at cost less any provisions for impairments. Expenditures for significant betterments and improvements are capitalized. Maintenance and repairs are charged to expense when incurred. Construction and improvement costs incurred in connection with the development of new properties or the redevelopment of existing properties are capitalized. Real estate taxes, interest costs, and internal costs associated with leasing and development overhead incurred during construction periods are capitalized. Capitalization is based on qualified expenditures and interest rates. Capitalized real estate taxes, interest costs, and internal costs associated with leasing and development overhead are amortized over lives which are consistent with the related assets.
	Pre-development costs, which generally include legal and professional fees and other third-party costs directly related to the construction assets, are capitalized as part of the property being developed. In the event a development is no longer deemed to be probable of occuring, the capitalized costs are expensed (see also our impairment policies in this note below).
	We periodically review the estimated useful lives of our properties, and may adjust them as necessary. The estimated useful lives of our properties range from 10-45 years.
	Depreciation or amortization expense is computed using the straight-line method based upon the following estimated useful lives:
		Years
	Buildings and improvements	10 - 45
	Equipment and fixtures	3 - 20
	Tenant improvements	Shorter of useful life or applicable lease term
Acquisitions of Operating Properties	'
	Acquisitions of Operating Properties (Note 3)
	Acquisitions of properties are accounted for utilizing the acquisition method of accounting and, accordingly, the results of operations of acquired properties have been included in the results of operations from the respective dates of acquisition. Estimates of future cash flows and other valuation techniques are used to allocate the purchase price of acquired property between land, buildings and improvements, equipment, assumed debt liabilities and identifiable intangible assets and liabilities such as amounts related to in-place tenant leases, acquired above and below-market tenant and ground leases, and tenant relationships. No significant value had been ascribed to tenant relationships.
	The fair values of tangible assets are determined on an "if vacant" basis. The "if vacant" fair value is allocated to land, where applicable, buildings, equipment and tenant improvements based on comparable sales and other relevant information with respect to the property. Specifically, the "if vacant" value of the buildings and equipment was calculated using a cost approach utilizing published guidelines for current replacement cost or actual construction costs for similar, recently developed properties; and an income approach. Assumptions used in the income approach to the value of buildings include: capitalization and discount rates, lease-up time, market rents, make ready costs, land value, and site improvement value.
	The estimated fair value of in-place tenant leases includes lease origination costs (the costs we would have incurred to lease the property to the current occupancy level of the property) and the lost revenues during the period necessary to lease-up from vacant to the current occupancy level. Such estimates include the fair value of leasing commissions, legal costs and tenant coordination costs that would be incurred to lease the property to this occupancy level. Additionally, we evaluate the time period over which such occupancy level would be achieved and include an estimate of the net operating costs (primarily real estate taxes, insurance and utilities) incurred during the lease-up period, which generally ranges up to one year. The fair value of acquired in-place tenant leases is included in the balance of buildings and equipment and amortized over the remaining lease term for each tenant.
	Identifiable intangible assets and liabilities are calculated for above-market and below-market tenant and ground leases where we are either the lessor or the lessee. The difference between the contractual rental rates and our estimate of market rental rates is measured over a period equal to the remaining non-cancelable term of the leases, including significantly below-market renewal options for which exercise of the renewal option appears to be reasonably assured. The remaining term of leases with renewal options at terms significantly below market reflect the assumed exercise of such below-market renewal options and assume the amortization period would coincide with the extended lease term.
	The gross asset balances of the in-place value of tenant leases are included in buildings and equipment in our Consolidated Balance Sheets.
		Gross Asset			Accumulated			Net Carrying
					Amortization			Amount
	As of December 31, 2013
	Tenant leases:
	In-place value	$	797,311		$	(420,370	)	$	376,941
	As of December 31, 2012
	Tenant leases:
	In-place value	$	972,495		$	(423,492	)	$	549,003
	The above-market tenant leases and below-market ground leases are included in Prepaid expenses and other assets (Note 14); the below-market tenant leases, above-market ground leases and above-market headquarters office lease are included in Accounts payable and accrued expenses (Note 15) in our Consolidated Balance Sheets.
	Amortization/accretion of all intangibles, including the intangibles in Note 14 and Note 15, had the following effects on our Income (loss) from continuing operations:
		Year Ended December 31,
		2013			2012			2011
	Amortization/accretion effect on continuing operations	$	(242,221	)	$	(335,883	)	$	(447,941	)
	Future amortization/accretion of these intangibles is estimated to decrease results from continuing operations as follows:
	Year	Amount
	2014	$	177,935
	2015		145,417
	2016		113,360
	2017		85,112
	2018		55,527
Investments in Unconsolidated Real Estate Affiliates	'
	Investments in Unconsolidated Real Estate Affiliates (Note 6)
	We account for investments in joint ventures where we own a non-controlling joint interest using the equity method. Under the equity method, the cost of our investment is adjusted for our share of the earnings of such Unconsolidated Real Estate Affiliates from the date of acquisition, increased by our contributions and reduced by distributions received.
	To determine the method of accounting for partially owned joint ventures, we evaluate the characteristics of associated entities and determine whether an entity is a variable interest entity ("VIE") and, if so, determine which party is primary beneficiary by analyzing whether we have both the power to direct the entity's significant economic activities and the obligation to absorb potentially significant losses or receive potentially significant benefits. Significant judgments and assumptions inherent in this analysis include the nature of the entity's operations, future cash flow projections, the entity's financing and capital structure, and contractual relationship and terms. We consolidate a VIE when we have determined that we are the primary beneficiary.
	Primary risks associated with our VIEs include the potential of funding the entities' debt obligations or making additional contributions to fund the entities' operations.
	Generally, the operating agreements with respect to our Unconsolidated Real Estate Affiliates provide that assets, liabilities and funding obligations are shared in accordance with our ownership percentages. Therefore, we generally also share in the profit and losses, cash flows and other matters relating to our Unconsolidated Real Estate Affiliates in accordance with our respective ownership percentages. Except for Retained Debt (as described in Note 7), differences between the carrying amount of our investment in the Unconsolidated Real Estate Affiliates and our share of the underlying equity of our Unconsolidated Real Estate Affiliates are typically amortized over lives ranging from five to 45 years. When cumulative distributions exceed our investment in the joint venture, the investment is reported as a liability in our consolidated financial statements. The liability is limited to our maximum potential obligation to fund contractual obligations, including recourse related to certain debt obligations.
	Partially owned, non-variable interest joint ventures over which we have controlling financial interest are consolidated in our consolidated financial statements. In determining if we have a controlling financial interest, we consider factors such as ownership interest, authority to make decisions, kick-out rights and substantive participating rights. Partially owned joint ventures where we do not have a controlling financial interest, but have the ability to exercise significant influence, are accounted for using the equity method.
	We continually analyze and assess reconsideration events, including changes in the factors mentioned above, to determine if the consolidation treatment remains appropriate. Decisions regarding consolidation of partially owned entities frequently require significant judgment by our management.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Highly-liquid investments with initial maturities of three months or less are classified as cash equivalents, excluding amounts restricted by certain lender and other agreements.
Leases	'
	Leases
	Our leases, in which we are the lessor or lessee, are substantially all accounted for as operating leases. Leases in which we are the lessor that transfer substantially all the risks and benefits of ownership to tenants are considered finance leases and the present values of the minimum lease payments and the estimated residual values of the leased properties, if any, are accounted for as receivables. Leases in which we are the lessee that transfer substantially all the risks and benefits of ownership to us are considered capital leases and the present values of the minimum lease payments are accounted for as assets and liabilities.
	Tenant improvements, either paid directly or in the form of construction allowances paid to tenants, are capitalized as Building and equipment and depreciated over the shorter of the useful life or the applicable lease term.
	In leasing tenant space, we may provide funding to the lessee through a tenant allowance. In accounting for a tenant allowance, we determine whether the allowance represents funding for the construction of leasehold improvements and evaluate the ownership of such improvements. If we are considered the owner of the leasehold improvements, we capitalize the amount of the tenant allowance and depreciate it over the shorter of the useful life of the leasehold improvements or the related lease term. If the tenant allowance represents a payment for a purpose other than funding leasehold improvements, or in the event we are not considered the owner of the improvements, the allowance is capitalized to Deferred expenses and considered to be a lease incentive and is recognized over the lease term as a reduction of rental revenue on a straight-line basis.
Deferred Expenses	'
	Deferred Expenses
	Deferred expenses primarily consist of leasing commissions and related costs and are amortized using the straight-line method over the life of the leases. Deferred expenses also include financing fees we incurred in order to obtain long-term financing and are amortized as interest expense over the terms of the respective financing agreements using the straight-line method, which approximates the effective interest method.
Revenue Recognition and Related Matters	'
	Revenue Recognition and Related Matters
	Minimum rents are recognized on a straight-line basis over the terms of the related operating leases, including the effect of any free rent periods. Minimum rents also include lease termination income collected from tenants to allow for the tenant to vacate their space prior to their scheduled termination dates, as well as, accretion related to above and below-market tenant leases on acquired properties and properties that were recorded at fair value at the Effective Date. The following is a summary of amortization of straight-line rent, net amortization /accretion related to above and below-market tenant leases and termination income, which is included in Minimum rents:
		Year Ended December 31,
		2013			2012			2011
	Amortization of straight-line rent	$	49,504		$	59,749		$	76,067
	Net amortization/accretion of above and below-market tenant leases		(69,311	)		(81,726	)		(92,459	)
	Lease termination income		10,888			8,622			15,405
	The following is a summary of straight-line rent receivables, which are included in Accounts and notes receivable, net in our Consolidated Balance Sheets and are reduced for allowances and amounts doubtful of collection:
		December 31, 2013			December 31, 2012
	Straight-line rent receivables, net	$	188,291		$	148,282
	Overage rent is paid by a tenant when the tenant's sales exceed an agreed upon minimum amount and is recognized on an accrual basis once tenant sales exceed contractual tenant lease thresholds and is calculated by multiplying the sales in excess of the minimum amount by a percentage defined in the lease.
	Tenant recoveries are established in the leases or computed based upon a formula related to real estate taxes, insurance and other property operating expenses and are generally recognized as revenues in the period the related costs are incurred.
	We provide an allowance for doubtful accounts against the portion of accounts receivable, including straight-line rents, which is estimated to be uncollectible. Such allowances are reviewed periodically based upon our recovery experience. The following table summarizes the changes in allowance for doubtful accounts:
		2013			2012			2011
	Balance as of January 1,	$	24,692			32,859			40,746
	Provision for doubtful accounts(1)		5,948			7,444			4,878
	Provisions for doubtful accounts in discontinued operations		857			791			1,440
	Write-offs		(13,605	)		(16,402	)		(14,205	)
	Balance as of December 31,	$	17,892		$	24,692		$	32,859
	-1
	Excludes recoveries of $2.1 million and $3.4 million for the years ended December 31, 2013 and 2012, respectively.
Management Fees and Other Corporate Revenues	'
	Management Fees and Other Corporate Revenues
	Management fees and other corporate revenues primarily represent management and leasing fees, development fees, financing fees, and fees for other ancillary services performed for the benefit of certain of the Unconsolidated Real Estate Affiliates. Management fees are reported at 100% of the revenue earned from the joint venture in Management fees and other corporate revenues on our Consolidated Statements of Operations and Comprehensive Income (Loss). Our share of the management fee expense incurred by the Unconsolidated Real Estate Affiliates is reported within Equity in income of Unconsolidated Real Estate Affiliates on our Consolidated Statements of Operations and Comprehensive Income (Loss) and in Property management and other costs in the Condensed Combined Statements of Income in Note 6. The following table summarizes the management fees from affiliates and our share of the management fee expense:
		Year Ended December 31,
		2013			2012			2011
	Management fees from affiliates	$	68,681		$	70,506		$	60,752
	Management fee expense		(25,551	)		(23,061	)		(22,473	)
	Net management fees from affiliates	$	43,130		$	47,445		$	38,279
Income Taxes	'
	Income Taxes (Note 8)
	We expect to distribute 100% of our taxable capital gains and taxable ordinary income to shareholders annually. If, with respect to any taxable year, we fail to maintain our qualification as a REIT and cannot correct such failure, we would not be allowed to deduct distributions to shareholders in computing our taxable income and federal income tax. If any of our REIT subsidiaries fail to qualify as a REIT, such failure could result in our loss of REIT status. If we lose our REIT status, corporate level income tax, including any applicable alternative minimum tax, would apply to our taxable income at regular corporate rates. As a result, the amount available for distribution to holders of equity securities that would otherwise receive dividends would be reduced for the year or years involved, and we would no longer be required to make distributions. In addition, unless we were entitled to relief under the relevant statutory provisions, we would be disqualified from treatment as a REIT for four subsequent taxable years.
	Deferred income taxes are accounted for using the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns and are recorded primarily by certain of our taxable REIT subsidiaries. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. An increase or decrease in the valuation allowance that results from a change in circumstances, and which causes a change in our judgment about the realizability of the related deferred tax asset, is included in the current tax provision. In 2010, GGP experienced a change in control, as a result of the transactions undertaken to emerge from bankruptcy, pursuant to Section 382 of the Internal Revenue Code that could limit the benefit of deferred tax assets. In addition, we recognize and report interest and penalties, if necessary, related to uncertain tax positions within our provision for income tax expense.
Impairment	'
	Impairment
	Operating properties
	We regularly review our consolidated properties for potential impairment indicators whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment indicators are assessed separately for each property and include, but are not limited to, significant decreases in real estate property net operating income, significant decreases in occupancy percentage, debt maturities, management's intent with respect to the properties and prevailing market conditions.
	If an indicator of potential impairment exists, the property is tested for recoverability by comparing its carrying amount to the estimated future undiscounted cash flows. Although the carrying amount may exceed the estimated fair value of certain properties, a real estate asset is only considered to be impaired when its carrying amount cannot be recovered through estimated future undiscounted cash flows. To the extent an impairment provision is determined to be necessary, the excess of the carrying amount of the property over its estimated fair value is expensed to operations. In addition, the impairment provision is allocated proportionately to adjust the carrying amount of the asset group. The adjusted carrying amount, which represents the new cost basis of the property, is depreciated over the remaining useful life of the property.
	Although we may market a property for sale, there can be no assurance that the transaction will be complete until the sale is finalized. However, GAAP requires us to utilize the Company's expected holding period of our properties when assessing recoverability. If we cannot recover the carrying value of these properties within the planned holding period, we will estimate the fair values of the assets and record impairment charges for properties when the estimated fair value is less than their carrying value.
	Impairment indicators for pre-development costs, which are typically costs incurred during the beginning stages of a potential development and construction in progress, are assessed by project and include, but are not limited to, significant changes in the Company's plans with respect to the project, significant changes in projected completion dates, tenant demand, anticipated revenues or cash flows, development costs, market factors and sustainability of development projects.
	Impairment charges are recorded in the Consolidated Statements of Operations and Comprehensive Income (Loss) when the carrying value of a property is not recoverable and it exceeds the estimated fair value of the property, which can occur in accounting periods preceding disposition and / or in the period of disposition.
	During the year ended December 31, 2013, we recorded an $18.4 million impairment charge in continuing operations of our Consolidated Statements of Operations and Comprehensive Income (Loss). This impairment charge related to an operating property that was transferred to a special servicer. Subsequent to December 31, 2013, we sold this property in a lender directed sale in full satisfaction of the related debt for an amount less than the carrying value. Accordingly, we recorded an impairment charge of $18.4 million, resulting in a net book value of $12 million, which is less than the carrying value of the non-recourse debt of $78.7 million. We recorded a gain on extinguishment of debt of approximately $67 million in the first quarter of 2014. During the year ended December 31, 2013, we recorded $12.6 million of impairment charges in discontinued operations of our Consolidated Statement of Operations and Comprehensive Income (Loss), which related to four operating properties.
	During the year ended December 31, 2012, we recorded a $32.1 million impairment charge in continuing operations of our Consolidated Statements of Operations and Comprehensive Income (Loss). This impairment charge related to an operating property and was recorded because the estimated fair value of the property, based on our discounted cash flow analysis, was less than the carrying value of the property. During the year ended December 31, 2012, we recorded $76.6 million of impairment charges in discontinued operations of our Consolidated Statement of Operations and Comprehensive Income (Loss), which related to eight operating properties.
	During the year ended December 31, 2011, we recorded a $0.9 million impairment charge in continuing operations of our Consolidated Statements of Operations and Comprehensive Income (Loss). This impairment charge related to an operating property. During the year ended December 31, 2011, we recorded $67.5 million of impairment charges in discontinued operations of our Consolidated Statement of Operations and Comprehensive Income (Loss), which related to two operating properties and one non-income producing asset.
	Investment in Unconsolidated Real Estate Affiliates
	A series of operating losses of an investee or other factors may indicate that an other-than-temporary decline in value of our investment in an Unconsolidated Real Estate Affiliate has occurred. The investment in each of the Unconsolidated Real Estate Affiliates is evaluated for valuation declines below the carrying amount. Accordingly, in addition to the property-specific impairment analysis that we perform for such joint ventures (as part of our operating property impairment process described above), we also considered whether there were other-than-temporary declines with respect to the carrying values of our Unconsolidated Real Estate Affiliates. No impairments related to our investments in Unconsolidated Real Estate Affiliates were recognized for the years ended December 31, 2013, 2012, and 2011.
Property Management and Other and General and Administrative Costs	'
	Property Management and Other and General and Administrative Costs
	Property management and other costs represent regional and home office costs and include items such as corporate payroll, rent for office space, supplies and professional fees, which represent corporate overhead costs not generated at the properties. General and administrative costs represent the costs to run the public company and include payroll and other costs for executives, audit fees, professional fees and administrative fees related to the public company.
Fair Value Measurements	'
	Fair Value Measurements (Note 5)
	The accounting principles for fair value measurements establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:
	•
	Level 1—defined as observable inputs such as quoted prices for identical assets or liabilities in active markets;
	•
	Level 2—defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
	•
	Level 3—defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
	The impairment section above includes a discussion of all impairments recognized during the year ended December 31, 2013, 2012 and 2011, which were based on Level 2 inputs. Note 5 includes a discussion of properties measured at fair value on a non-recurring basis using Level 2 and Level 3 inputs and the fair value of debt, which is estimated on a recurring basis using Level 2 and Level 3 inputs. Note 9 includes a discussion of our outstanding warrants, which were measured at fair value using Level 3 inputs until the warrant agreement was amended on March 28, 2013. Note 11 includes a discussion of certain redeemable noncontrolling interests that are measured at fair value using Level 1 inputs.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. For example, estimates and assumptions have been made with respect to fair values of assets and liabilities for purposes of applying the acquisition method of accounting, the useful lives of assets, capitalization of development and leasing costs, provision for income taxes, recoverable amounts of receivables and deferred taxes, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to acquisitions, impairment of long-lived assets and fair value of debt. Actual results could differ from these and other estimates.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of depreciation or amortization expense computed using the straight-line method based upon the estimated useful lives	'
		Years
	Buildings and improvements	10 - 45
	Equipment and fixtures	3 - 20
	Tenant improvements	Shorter of useful life or applicable lease term
Schedule of gross asset balances of the in-place value of tenant leases	'
		Gross Asset			Accumulated			Net Carrying
					Amortization			Amount
	As of December 31, 2013
	Tenant leases:
	In-place value	$	797,311		$	(420,370	)	$	376,941
	As of December 31, 2012
	Tenant leases:
	In-place value	$	972,495		$	(423,492	)	$	549,003
Schedule of effects of amortization/accretion of all intangibles on Income (loss) from continuing operations	'
		Year Ended December 31,
		2013			2012			2011
	Amortization/accretion effect on continuing operations	$	(242,221	)	$	(335,883	)	$	(447,941	)
Schedule of future amortization/accretion of all intangibles, estimated to decrease results from continuing operations	'
	Year	Amount
	2014	$	177,935
	2015		145,417
	2016		113,360
	2017		85,112
	2018		55,527
Summary of amortization of straight-line rent, net amortization /accretion related to above and below-market tenant leases and termination income	'
		Year Ended December 31,
		2013			2012			2011
	Amortization of straight-line rent	$	49,504		$	59,749		$	76,067
	Net amortization/accretion of above and below-market tenant leases		(69,311	)		(81,726	)		(92,459	)
	Lease termination income		10,888			8,622			15,405
Summary of straight-line rent receivables	'
		December 31, 2013			December 31, 2012
	Straight-line rent receivables, net	$	188,291		$	148,282
Summary of changes in allowance for doubtful accounts	'
		2013			2012			2011
	Balance as of January 1,	$	24,692			32,859			40,746
	Provision for doubtful accounts(1)		5,948			7,444			4,878
	Provisions for doubtful accounts in discontinued operations		857			791			1,440
	Write-offs		(13,605	)		(16,402	)		(14,205	)
	Balance as of December 31,	$	17,892		$	24,692		$	32,859
	-1
	Excludes recoveries of $2.1 million and $3.4 million for the years ended December 31, 2013 and 2012, respectively.
Summary of management fees from affiliates and the entity's share of the management fee expense	'
		Year Ended December 31,
		2013			2012			2011
	Management fees from affiliates	$	68,681		$	70,506		$	60,752
	Management fee expense		(25,551	)		(23,061	)		(22,473	)
	Net management fees from affiliates	$	43,130		$	47,445		$	38,279

ACQUISITIONS_AND_JOINT_VENTURE1

ACQUISITIONS AND JOINT VENTURE ACTIVITY (Tables)	12 Months Ended
	Dec. 31, 2013
The Grand Canal Shoppes and The Shoppes at The Palazzo	'
ACQUISITIONS AND JOINT VENTURE ACTIVITY	'
Schedule of gains from changes in control of investment properties recognized on the entity's Consolidated Statements of Operations and Comprehensive Income (Loss)	'
	Cash received from joint venture partner	$	411,476
	Proportionate share of previous investment in The Grand Canal Shoppes and The Shoppes at The Palazzo		(211,468	)
	Gains from changes in control of investment properties	$	200,008
Properties acquired	'
ACQUISITIONS AND JOINT VENTURE ACTIVITY	'
Summary of preliminary allocation of purchase price to net assets acquired at the date of acquisition	'
	Investment in real estate, including intangible assets and liabilities	$	314,750
	Investment in Unconsolidated Real Estate Affiliate		39,774
	Net working capital		515
	Net assets acquired	$	355,039
Quail Springs Mall	'
ACQUISITIONS AND JOINT VENTURE ACTIVITY	'
Schedule of gains from changes in control of investment properties recognized on the entity's Consolidated Statements of Operations and Comprehensive Income (Loss)	'
	Total fair value of net assets acquired	$	110,893
	Previous investment in Quail Springs Mall		(35,610	)
	Cash paid to acquire our joint venture partner's interest		(55,507	)
	Gains from changes in control of investment properties	$	19,776
Summary of preliminary allocation of purchase price to net assets acquired at the date of acquisition	'
	Investment in real estate, including intangible assets and liabilities	$	186,627
	Fair value of debt		(77,204	)
	Net working capital		1,470
	Net assets acquired

DISPOSITIONS_DISCONTINUED_OPER1

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2013
DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES	'
Summary of operations of the properties included in discontinued operations	'
		Year Ended December 31,
		2013			2012			2011
	Retail and other revenue	$	31,205		$	111,320		$	412,827
	Total revenues		31,205			111,320			412,827
	Retail and other operating expenses		24,905			87,174			351,525
	Provisions for impairment		12,575			76,581			67,517
	Total expenses		37,480			163,755			419,042
	Operating loss		(6,275	)		(52,435	)		(6,215	)
	Interest expense, net		(8,759	)		(32,210	)		(110,398	)
	Provision for income taxes		—			(23	)		(632	)
	(Losses) gains on dispositions		(817	)		24,426			4,332
	Net income (loss) from operations		(15,851	)		(60,242	)		(112,913	)
	Gain on debt extinguishment		25,894			50,765			—
	Net income (loss) from discontinued operations	$	10,043		$	(9,477	)	$	(112,913	)

FAIR_VALUE_Tables

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE	'
Summary of assets that are measured at fair value on a nonrecurring basis	'
		Total Fair Value		Quoted Prices in		Significant Other		Significant
		Measurement		Active Markets		Observable Inputs		Unobservable Inputs
				for Identical Assets		(Level 2)		(Level 3)
				(Level 1)
	Year Ended December 31, 2013
	Investments in real estate(1)	$	12,000	$	—	$	12,000	$	—
	Year Ended December 31, 2012
	Investments in real estate(1)	$	112,829	$	—	$	12,070	$	100,759
	-1
	Refer to Note 2 for more information regarding impairment.
Schedule of quantitative information about the unobservable inputs of Level 3 real estate	'
	Unobservable Quantative Input	Range
	Discount rates	9.0% to 10.0%
	Terminal capitalization rates	9.0% to 10.0%
Schedule of components of debt eligible for Fair Value option and similar items not eligible for Fair Value option	'
		December 31, 2013				December 31, 2012
		Carrying		Estimated		Carrying		Estimated
		Amount(1)		Fair Value		Amount(1)		Fair Value
	Fixed-rate debt	$	13,919,820	$	13,957,952	$	14,954,601	$	16,190,518
	Variable-rate debt		1,752,617		1,787,139		1,012,265		1,040,687
		$	15,672,437	$	15,745,091	$	15,966,866	$	17,231,205
	-1
	Includes market rate adjustments of $0.9 million and $(23.3) million as of December 31, 2013 and 2012, respectively.

UNCONSOLIDATED_REAL_ESTATE_AFF1

UNCONSOLIDATED REAL ESTATE AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2013
UNCONSOLIDATED REAL ESTATE AFFILIATES	'
Schedule of financial information for entity's Unconsolidated Real Estate Affiliates	'
		December 31,			December 31,
		2013			2012
		(Dollars in thousands)
	Condensed Combined Balance Sheets—Unconsolidated Real Estate Affiliates
	Assets:
	Land	$	1,046,354		$	960,335
	Buildings and equipment		8,670,976			7,658,965
	Less accumulated depreciation		(2,301,054	)		(2,080,361	)
	Construction in progress		46,339			173,419
	Net property and equipment		7,462,615			6,712,358
	Investments in unconsolidated joint ventures		—			1,201,044
	Net investment in real estate		7,462,615			7,913,402
	Cash and cash equivalents		260,405			485,387
	Accounts and notes receivable, net		187,533			167,548
	Deferred expenses, net		254,949			298,050
	Prepaid expenses and other assets		147,182			140,229
	Total assets	$	8,312,684		$	9,004,616
	Liabilities and Owners' Equity:
	Mortgages, notes and loans payable	$	6,503,686		$	6,463,377
	Accounts payable, accrued expenses and other liabilities		324,620			509,064
	Cumulative effect of foreign currency translation ("CFCT")		(22,896	)		(158,195	)
	Owners' equity, excluding CFCT		1,507,274			2,190,370
	Total liabilities and owners' equity	$	8,312,684		$	9,004,616
	Investment In and Loans To/From Unconsolidated Real Estate Affiliates, Net:
	Owners' equity	$	1,484,378		$	2,032,175
	Less: joint venture partners' equity		(760,804	)		(1,105,457	)
	Plus: excess investment/basis differences		1,666,719			1,939,153
	Investment in and loans to/from	$	2,390,293		$	2,865,871
	Unconsolidated Real Estate Affiliates, net
	Reconciliation—Investment In and Loans To/From Unconsolidated Real Estate Affiliates:
	Asset—Investment in and loans to/from	$	2,407,698		$	2,865,871
	Unconsolidated Real Estate Affiliates
	Liability—Investment in Unconsolidated		(17,405	)		—
	Real Estate Affiliates
	Investment in and loans to/from	$	2,390,293		$	2,865,871
	Unconsolidated Real Estate Affiliates, net
		Year Ended			Year Ended			Year Ended
		December 31,			December 31,			December 31,
		2013			2012			2011
	Condensed Combined Statements of Income—Unconsolidated Real Estate Affiliates
	Revenues:
	Minimum rents	$	770,999		$	713,552		$	674,197
	Tenant recoveries		327,750			297,567			297,530
	Overage rents		32,500			25,794			19,822
	Other		34,007			32,758			27,530
	Total revenues		1,165,256			1,069,671			1,019,079
	Expenses:
	Real estate taxes		104,453			95,643			98,738
	Property maintenance costs		35,100			38,277			40,293
	Marketing		15,981			16,573			17,791
	Other property operating costs		160,439			153,006			143,947
	Provision for doubtful accounts		1,480			1,937			5,703
	Property management and other costs(1)		52,932			48,724			46,996
	General and administrative		2,333			1,660			7,535
	Depreciation and amortization		279,713			260,262			254,560
	Total expenses		652,431			616,082			615,563
	Operating income		512,825			453,589			403,516
	Interest income		1,431			746			1,729
	Interest expense		(287,716	)		(279,756	)		(299,755	)
	Provision for income taxes		(316	)		(935	)		(794	)
	Equity in income of unconsolidated joint ventures		—			—			11,568
	Income from continuing operations		226,224			173,644			116,264
	Net income from disposed investment		26,889			50,942			213,313
Allocation to noncontrolling interests		1			(74	)		(75	)
Net income attributable to the ventures	$	253,114		$	224,512		$	329,502
Equity In Income of Unconsolidated Real Estate Affiliates:
Net income attributable to the ventures	$	253,114		$	224,512		$	329,502
Joint venture partners' share of income		(140,193	)		(131,047	)		(181,213	)
Amortization of capital or basis differences		(54,002	)		(38,481	)		(145,391	)
Equity in income of Unconsolidated Real Estate Affiliates	$	58,919		$	54,984		$	2,898
-1
Includes management fees charged to the unconsolidated joint ventures by GGMI, GGSI and GGPLP.
Summary of loss calculation	'
	Cash received from acquirers	$	446,322
	Note receivable from Rique		151,127
	GGP's investment in Aliansce		(491,325	)
	Accumulated foreign currency translation adjustment realized		(109,861	)
	Loss on sale of Aliansce	$	(3,737	)

MORTGAGES_NOTES_AND_LOANS_PAYA1

MORTGAGES, NOTES AND LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2013
MORTGAGES, NOTES AND LOANS PAYABLE	'
Summary of Mortgages, notes and loans payable	'
		December 31,		Weighted-Average			December 31,		Weighted-Average
		2013(1)		Interest Rate(2)			2012(3)		Interest Rate(2)
	Fixed-rate debt:
	Collateralized mortgages, notes and loans payable	$	13,907,029		4.55	%	$	14,225,011		4.88	%
	Corporate and other unsecured loans		12,791		4.41	%		729,590		6.51	%
	Total fixed-rate debt		13,919,820		4.55	%		14,954,601		4.96	%
	Variable-rate debt:
	Collateralized mortgages, notes and loans payable(4)		1,700,817		2.61	%		1,012,265		3.42	%
	Corporate revolver		51,800		1.74	%		—		—
	Total variable-rate debt		1,752,617		2.59	%		1,012,265		3.42	%
	Total Mortgages, notes and loans payable	$	15,672,437		4.33	%	$	15,966,866		4.86	%
	Junior Subordinated Notes	$	206,200		1.69	%	$	206,200		1.76	%
	-1
	Includes net $0.9 million of debt market rate adjustments.
	-2
	Represents the weighted-average interest rates on our principal balances, excluding the effects of deferred finance costs.
	-3
	Includes net ($23.3) million of debt market rate adjustments.
	-4
	Properties provide mortgage collateral as guarantors. $1.5 billion of the balance is cross-collateralized.
Schedule of unsecured debt obligations	'
		December 31,		Weighted-Average			December 31,		Weighted-Average
		2013(2)		Interest Rate			2012(3)		Interest Rate
	Unsecured debt:
	Unsecured Corporate Bonds—2010 Indenture	$	—		—		$	608,688		6.75	%
	HHC Note(1)		13,179		4.41	%		19,347		4.41	%
	Unsecured Corporate Bonds—1995 Indenture		—		—			91,786		5.38	%
	Corporate revolver		51,800		1.74	%		—		—
	Total unsecured debt	$	64,979		2.28	%	$	719,821		6.51	%
	-1
	Matures in December 2015.
	-2
	Excludes a market rate discount of $0.4 million that decreases the total amount that appears outstanding in our Consolidated Balance Sheets. The market rate discount amortizes as an addition to interest expense over the life of the loan.
	-3
	Excludes a net market rate premium of $9.8 million that increases the total amount that appears outstanding in our Consolidated Balance Sheets. The market rate premium amortizes as a reduction to interest expense over the life of the respective loan.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
Schedule of provision for income taxes	'
		December 31, 2013			December 31, 2012			December 31, 2011
	Current	$	3,855		$	5,036		$	11,548
	Deferred		(3,510	)		4,055			(2,825	)
	Total from Continuing Operations		345			9,091			8,723
	Current		—			23			632
	Deferred		—			—			—
	Total from Discontinued Operations		—			23			632
	Total	$	345		$	9,114		$	9,355
Summary of net deferred tax assets (liabilities)	'
		December 31,			December 31,			December 31,
		2013			2012			2011
	Total deferred tax assets	$	16,077		$	17,778		$	21,574
	Valuation allowance		(15,171	)		(16,876	)		(16,996	)
	Net deferred tax assets		906			902			4,578
	Total deferred tax liabilities		(24,667	)		(28,174	)		(29,220	)
	Net deferred tax liabilities	$	(23,761	)	$	(27,272	)	$	(24,642	)
Schedule of tax effects of temporary differences and carryforwards included in net deferred tax liabilities	'
		December 31,			December 31,			December 31,
		2013			2012			2011
	Operating loss and tax credit carryforwards	$	15,477		$	15,051		$	5,489
	Other TRS property, primarily differences in basis of assets and liabilities		(24,067	)		(25,447	)		(13,135	)
	Valuation allowance		(15,171	)		(16,876	)		(16,996	)
	Net deferred tax liabilities	$	(23,761	)	$	(27,272	)	$	(24,642	)

WARRANTS_Tables

WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2013
WARRANTS	'
Schedule of Warrants received	'
	Initial Warrant Holder	Number of Warrants			Initial
					Exercise Price
	Brookfield		57,500,000		$	10.75
	Blackstone—B(2)		2,500,000			10.75
	Fairholme(2)		41,070,000			10.5
	Pershing Square(1)		16,430,000			10.5
	Blackstone—A(2)		2,500,000			10.5
			120,000,000
	-1
	On December 31, 2012, the Pershing Square Warrants were purchased by the Brookfield Investor.
	-2
	On January 28, 2013, the Fairholme and Blackstone Warrants (A and B) were purchased by GGP.
Schedule of shares issuable upon exercise of the outstanding GGP warrants	'
					Exercise Price
	Record Date	Issuable Shares(1)			Brookfield and		Fairholme,
					Blackstone—B(2)		Pershing Square and
							Blackstone—A(2)(3)
	April 16, 2012		132,372,000		$	9.75	$	9.52
	July 16, 2012		133,116,000			9.69		9.47
	October 15, 2012		133,884,000			9.64		9.41
	December 14, 2012		134,640,000			9.58		9.36
	April 16, 2013		83,443,178			9.53		9.3
	July 16, 2013		83,945,892			9.47		9.25
	October 15, 2013		84,507,750			9.41		9.19
	December 13, 2013		85,084,392			9.34		9.12
	-1
	Issuable shares as of April 16, 2013 exlcude the Fairholme and Blackstone A and B warrants purchased by GGPLP.
	-2
	On January 28, 2013, the Fairholme and Blackstone Warrants (A and B) were purchased by GGPLP.
	-3
	On December 31, 2012, the Pershing Square Warrants were purchased by the Brookfield Investor.
Schedule of change in fair value of the Warrant liability	'
		Year Ended December 31,
		2013			2012		2011
	Balance as of January 1,	$	1,488,196		$	985,962	$	1,041,004
	Warrant liability adjustment		40,546			502,234		(55,042	)
	Purchase of Warrants by GGPLP		(633,229	)		—		—
	Reclassification to equity		(895,513	)		—		—
	Balance as of December 31,	$	—		$	1,488,196	$	985,962
Schedule of estimated fair value of Warrants and significant observable and unobservable inputs used in valuation	'
		March 28, 2013		December 31, 2012
	Fair value of Warrants	$895,513		$1,488,196
	Observable Inputs
	GGP stock price per share	$19.88		$19.85
	Warrant term	4.62		4.86
	Unobservable Inputs
	Expected volatility	30%		33%
	Range of values considered	(15% - 65%)		(20% - 65%)
	Discount for lack of marketability	3%		3%
	Range of values considered	(3% - 7%)		(3% - 7%)

RENTALS_UNDER_OPERATING_LEASES1

RENTALS UNDER OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2013
RENTALS UNDER OPERATING LEASES	'
Schedule of minimum future rentals under operating leases	'
	Year	Amount
	2014	$	1,381,256
	2015		1,261,589
	2016		1,118,800
	2017		976,692
	2018		833,062
	Subsequent		2,764,500
		$	8,335,899

EQUITY_AND_REDEEMABLE_NONCONTR1

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2013
Redeemable noncontrolling interest	'
Schedule of activity included in the allocation to noncontrolling interests	'
		Year Ended December 31,
		2013			2012			2011
	Distributions to preferred Operating Partnership units	$	(9,287	)	$	(12,414	)	$	(9,655	)
	Net (income) loss allocation to noncontrolling interests in operating partnership from continuing operations (common units)		(2,281	)		3,498			2,212
	Net (income) loss allocated to noncontrolling interest in consolidated real estate affiliates		(3,103	)		(784	)		1,075
	Allocation to noncontrolling interests		(14,671	)		(9,700	)		(6,368	)
	Other comprehensive loss allocated to noncontrolling interests		(393	)		258			337
	Comprehensive loss allocated to noncontrolling interests	$	(15,064	)	$	(9,442	)	$	(6,031	)
Schedule of redeemable noncontrolling interests	'
		Number of Common			Number of			Converted Basis to			Conversion Price		Redemption Value
		Units for each			Contractual			Common Units
		Preferred Unit			Convertible			Outstanding as of
					Preferred Units			December 31, 2013
					Outstanding as of
					December 31, 2013
	Series B(1)		3			1,279,632			3,991,540		$	16.6667		80,110
	Series D		1.50821			532,750			803,499			33.15188		26,638
	Series E		1.29836			502,658			652,631			38.51		25,133
													$	131,881
	-1
	The conversion price of Series B preferred units is lower than the GGP December 31, 2013 closing common stock price of $20.07. Therefore, a common stock price of $20.07 is used to calculate the Series B redemption value.
Schedule of activity of redeemable noncontrolling interests	'
	Balance at January 1, 2011	$	232,364
	Net loss		(2,212	)
	Distributions		(5,879	)
	Redemption of operating partnership units		(4,615	)
	Other comprehensive loss		(337	)
	Fair value adjustment for noncontrolling interests in Operating Partnership		4,474
	Balance at December 31, 2011	$	223,795
	Balance at January 1, 2012	$	223,795
	Net loss		(3,498	)
	Distributions		(2,850	)
	Redemption of operating partnership units		(2,730	)
	Dividend for RPI Spin-Off		3,137
	Other comprehensive loss		(258	)
	Fair value adjustment for noncontrolling interests in Operating Partnership		50,623
	Balance at December 31, 2012	$	268,219
	Balance at January 1, 2013	$	268,219
	Net income		2,281
	Distributions		(3,275	)
	Redemption of operating partnership units(1)		(41,889	)
	Other comprehensive income		393
	Fair value adjustment for noncontrolling interests in Operating Partnership		3,173
	Balance at December 31, 2013	$	228,902
	-1
	Operating partnership unit holders redeemed 1,756,521 units in 2013.
Summary of common stock dividends declared	'
	Declaration Date	Record Date		Payment Date		Dividend Per Share
	2013
	October 28	December 13		January 2, 2014			0.14
	July 29	October 15		October 29, 2013			0.13
	May 10	July 16		July 30, 2013			0.12
	February 4	April 16		April 30, 2013			0.12
	2012
	November 20	December 14		January 4, 2013			0.11
	July 31	October 15		October 29, 2012			0.11
	April 26	July 16		July 30, 2012			0.1
	February 23	April 16		April 30, 2012			0.1
Common Stock	'
Redeemable noncontrolling interest	'
Summary of common stock dividends declared	'
		Year Ended December 31,
		2013			2012			2011
	Ordinary income	$	0.33		$	0.316		$	0.303
	Return of capital		—			—			—
	Qualified dividends		—			—			—
	Capital gain distributions		0.29			0.221			0.296
	Distributions per share	$	0.62		$	0.537		$	0.599
6.375% series a cumulative redeemable perpetual preferred stock	'
Redeemable noncontrolling interest	'
Schedule of distributions paid on common stock	'
	Declaration Date	Record Date		Payment Date		Dividend Per Share
	2013
	October 28	December 13		January 2, 2014		$	0.3984
	July 29	September 13		October 1, 2013			0.3984
	May 10	June 14		July 1, 2013			0.3984
	March 4	March 15		April 1, 2013			0.2125

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2013
EARNINGS PER SHARE	'
Information related to EPS calculation	'
		Year Ended December 31,
		2013			2012			2011
	Numerators—Basic:
	Income (loss) from continuing operations	$	307,156		$	(462,056	)	$	(193,891	)
	Preferred Stock dividend		(14,078	)		—			—
	Allocation to noncontrolling interests		(14,602	)		(9,663	)		(6,411	)
	Income (loss) from continuing operations—net of noncontrolling interests		278,476			(471,719	)		(200,302	)
	Discontinued operations		10,043			(9,477	)		(112,913	)
	Allocation to noncontrolling interests		(69	)		(37	)		43
	Discontinued operations—net of noncontrolling interests		9,974			(9,514	)		(112,870	)
	Net income (loss)		317,199			(471,533	)		(306,804	)
	Preferred Stock dividend		(14,078	)		—			—
	Allocation to noncontrolling interests		(14,671	)		(9,700	)		(6,368	)
	Net income (loss) attributable to common stockholders	$	288,450		$	(481,233	)	$	(313,172	)
	Numerators—Diluted:
	Income (loss) from continuing operations—net of noncontrolling interests	$	278,476		$	(471,719	)	$	(200,302	)
	Exclusion of warrant adjustment		—			—			(55,042	)
	Diluted income (loss) from continuing operations	$	278,476		$	(471,719	)	$	(255,344	)
	Net income (loss) attributable to common stockholders	$	288,450		$	(481,233	)	$	(313,172	)
	Exclusion of Warrant adjustment		—			—			(55,042	)
	Diluted net income (loss) attributable to common stockholders	$	288,450		$	(481,233	)	$	(368,214	)
	Denominators:
	Weighted-average number of common shares outstanding—basic		930,643			938,049			943,669
	Effect of dilutive securities		3,425			—			37,467
	Weighted-average number of common shares outstanding—diluted		934,068			938,049			981,136
	Anti-dilutive Securities:
	Effect of Preferred Units		5,506			5,526			5,526
	Effect of Common Units		6,434			6,819			6,929
	Effect of Stock Options		—			2,352			671
	Effect of Warrants		46,724			61,065			—
			58,664			75,762			13,126

STOCKBASED_COMPENSATION_PLANS_

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2013
STOCK-BASED COMPENSATION PLANS	'
Summary of stock option activity	'
		2013						2012					2011
		Shares			Weighted			Shares			Weighted		Shares			Weighted
					Average						Average					Average
					Exercise						Exercise					Exercise
					Price						Price					Price
	Stock options Outstanding at January 1,		9,692,499		$	13.59			11,503,869		$	15.65		5,427,011		$	20.21
	Granted		12,740,784			19.97			—			—		8,662,716			15.26
	Exercised		(339,723	)		14.33			(607,473	)		13.89		(51,988	)		11.05
	Forfeited		(488,969	)		16.27			(703,183	)		14.68		(1,606,792	)		14.96
	Expired		(39,310	)		14.35			(500,714	)		46.28		(927,078	)		39.31
	Stock options Outstanding at December 31,		21,565,281		$	17.28			9,692,499		$	13.59		11,503,869		$	15.65
	Intrinsic value of exercised options in period (in millions):				$	4.9					$	3.3				$	0.2
Summary of stock options by range of exercise prices	'
		Stock Options Outstanding									Stock Options Exercisable
	Range of Exercise Prices	Shares			Weighted Average			Weighted			Shares		Weighted Average			Weighted
					Remaining Contractual			Average					Remaining Contractual			Average
					Term (in years)			Exercise					Term (in years)			Exercise
								Price								Price
	$8.00 - $12.00		2,000,000			6.8		$	9.69			1,500,000		6.8		$	9.69
	$13.00 - $17.00		6,996,034			7.4			14.61			2,965,960		7.3			14.58
	$18.00 - $22.00		12,569,247			9.5			19.98			—		—			—
	Total		21,565,281			8.6		$	17.28			4,465,960		7.1		$	12.94
	Intrinsic value ($20.07 stock price)	$	60,167								$	31,842
Summary or restricted stock activity	'
		2013						2012					2011
		Shares			Weighted			Shares			Weighted		Shares			Weighted
					Average Grant						Average Grant					Average Grant
					Date Fair Value						Date Fair Value					Date Fair Value
	Nonvested restricted stock grants outstanding as of beginning of period		1,426,338		$	14.07			1,716,932		$	14.19		2,807,682		$	14.24
	Granted		37,352			19.97			37,731			14.89		84,659			14.98
	Canceled		(164,970	)		15.69			(123,183	)		14.89		(329,292	)		14.73
	Vested		(55,796	)		15.15			(205,142	)		14.73		(846,117	)		14.23
	Nonvested restricted stock grants outstanding as of end of period		1,242,924		$	13.99			1,426,338		$	14.07		1,716,932		$	14.19
	Vested fair value (in millions):				$	3.4					$	3.9				$	12.1
Schedule of assumptions used for weighted average estimated values of stock options granted	'
		Year Ended December 31,
		2013			2012		2011
	Risk-free interest rate(*)		1.71	%	No options granted			1.25	%
	Dividend yield(*)		2.52	%	No options granted			2.5	%
	Expected volatility		32.32	%	No options granted			41.16	%
	Expected life (in years)		6.5		No options granted			6.5
	(*)
	Weighted average
Summary of compensation expense related to stock-based compensation plans	'
		Year Ended December 31,
		2013			2012			2011
	Stock options—Property management and other costs	$	5,104		$	3,111		$	2,975
	Stock options—General and administrative		10,178			6,282			5,650
	Restricted stock—Property management and other costs		1,504			1,553			2,843
	Restricted stock—General and administrative		6,230			7,922			8,591
	Total	$	23,016		$	18,868		$	20,059
Schedule of unrecognized compensation expense	'
	Year	Amount
	2014	$	23,935
	2015		20,335
	2016		16,057
	2017		15,492
	2018		3,420
			79,239

PREPAID_EXPENSES_AND_OTHER_ASS1

PREPAID EXPENSES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2013
PREPAID EXPENSES AND OTHER ASSETS	'
Components of Prepaid expenses and other assets	'
		December 31, 2013							December 31, 2012
		Gross Asset		Accumulated			Balance		Gross Asset		Accumulated			Balance
				Amortization							Amortization
	Intangible assets:
	Above-market tenant leases, net	$	1,022,398	$	(478,998	)	$	543,400	$	1,230,117	$	(425,837	)	$	804,280
	Below-market ground leases, net		164,017		(13,597	)		150,420		169,539		(9,825	)		159,714
	Real estate tax stabilization agreement, net		111,506		(19,834	)		91,672		111,506		(13,523	)		97,983
	Total intangible assets	$	1,297,921	$	(512,429	)	$	785,492	$	1,511,162	$	(449,185	)	$	1,061,977
	Remaining Prepaid expenses and other assets:
	Security and escrow deposits							145,999							181,481
	Prepaid expenses							23,283							54,514
	Other non-tenant receivables							25,988							12,450
	Deferred tax, net of valuation allowances							906							902
	Other							13,901							18,141
	Total remaining Prepaid expenses and other assets							210,077							267,488
	Total Prepaid expenses and other assets						$	995,569						$	1,329,465

ACCOUNTS_PAYABLE_AND_ACCRUED_E1

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2013
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	'
Schedule of significant components of Accounts payable and accrued expenses	'
		December 31, 2013							December 31, 2012
		Gross Liability		Accumulated			Balance		Gross Liability		Accumulated			Balance
				Accretion							Accretion
	Intangible liabilities:
	Below-market tenant leases, net	$	622,710	$	(271,215	)	$	351,495	$	725,878	$	(251,896	)	$	473,982
	Above-market headquarters office leases, net		15,268		(5,130	)		10,138		15,268		(3,393	)		11,875
	Above-market ground leases, net		9,756		(1,181	)		8,575		9,756		(805	)		8,951
	Total intangible liabilities	$	647,734	$	(277,526	)	$	370,208	$	750,902	$	(256,094	)	$	494,808
	Remaining Accounts payable and accrued expenses:
	Accrued interest							80,409							185,461
	Accounts payable and accrued expenses							98,986							160,861
	Accrued real estate taxes							92,663							67,581
	Deferred gains/income							115,354							98,376
	Accrued payroll and other employee liabilities							34,006							34,802
	Construction payable							103,988							70,609
	Tenant and other deposits							21,434							22,870
	Insurance reserve liability							16,643							15,796
	Capital lease obligations							12,703							13,292
	Conditional asset retirement obligation liability							10,424							12,134
	Uncertain tax position liability							5,536							5,873
	Other							27,013							29,768
	Total remaining Accounts payable and accrued expenses							619,159							717,423
	Total Accounts payable and accrued expenses						$	989,367						$	1,212,231

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
Schedule of components of accumulated other comprehensive loss	'
		December 31, 2013			December 31, 2012
	Net unrealized gains on financial instruments	$	124		$	129
	Foreign currency translation		(38,297	)		(87,547	)
	Unrealized gains on available-for-sale securities		—			64
		$	(38,173	)	$	(87,354	)

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
Summary of contractual rental expenses	'
		Year Ended December 31,
		2013		2012		2011
	Contractual rent expense, including participation rent	$	13,568	$	14,248	$	13,034
	Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent		8,750		9,188		7,886
Summary of contractual maturities of the entity's long-term commitments	'
		2014		2015		2016		2017		2018		Subsequent/		Total
												Other
	Mortgages, notes and loans payable(1)	$	392,982	$	836,291	$	1,033,884	$	887,418	$	1,928,647	$	10,593,215	$	15,672,437
	Retained debt-principal		1,445		1,527		1,598		1,702		1,798		82,485		90,555
	Purchase obligations		138,798		—		—		—		—		—		138,798
	Ground lease payments		5,902		5,912		5,911		5,941		5,859		190,376		219,901
	Junior Subordinated Notes(2)		—		—		—		—		—		206,200		206,200
	Tax indemnification liability(3)		—		—		—		—		—		303,586		303,586
	Uncertain tax position liability(4)		—		—		—		—		—		5,536		5,536
	Total	$	539,127	$	843,730	$	1,041,393	$	895,061	$	1,936,304	$	11,381,398	$	16,637,013
	-1
	The $51.8 million outstanding on the revolving credit facility as of December 31, 2013 is included in 2014.
	-2
	The $206.2 million of Junior Subordinated Notes are due in 2041, but may be redeemed any time after April 30, 2011. As we do not expect to redeem the notes prior to maturity, they are included in the consolidated debt maturing subsequent to 2018.
	-3
	The outcome of the Tax Court's decision will impact the timing of the payment. We expect the Tax Court's decision in 2014 (Note 17).
	-4
	The uncertain income tax liability for which reasonable estimates about the timing of payments cannot be made is disclosed within the Subsequent/Other column.

QUARTERLY_FINANCIAL_INFORMATIO1

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2013
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	'
Schedule of quarterly financial information (unaudited)	'
		2013
		First Quarter			Second			Third			Fourth
					Quarter			Quarter			Quarter
	Total revenues	$	629,109		$	604,410		$	612,505		$	681,363
	Operating income		198,473			200,329			195,707			237,650
	Income (loss) from continuing operations		(27,719	)		215,790			30,843			88,243
	Income (loss) from discontinued operations		18,983			(1,867	)		12			(7,085	)
	Net income (loss) income attributable to common shareholders		(13,651	)		205,391			23,499			73,212
	Basic Earnings (Loss) Per Share:
	Continuing operations		(0.03	)		0.22			0.03			0.09
	Discontinued operations		0.02			—			—			(0.01	)
	Diluted Earnings (Loss) Per Share:
	Continuing operations		(0.03	)		0.21			0.03			0.08
	Discontinued operations		0.02			—			—			(0.01	)
	Dividends declared per share		0.12			0.12			0.13			0.14
	Weighted-average shares outstanding:
	Basic		939,271			939,434			932,964			911,185
	Diluted		939,271			989,461			980,767			960,765
		2012
		First Quarter			Second			Third			Fourth
					Quarter			Quarter			Quarter
	Total revenues	$	589,082		$	597,958		$	616,038		$	663,760
	Operating income		164,547			190,126			154,033			250,857
	Loss from continuing operations		(182,202	)		(107,439	)		(148,196	)		(24,219	)
	Income (loss) from discontinued operations		(12,047	)		1,095			(58,410	)		59,885
	Net income (loss) income attributable to common shareholders		(197,615	)		(107,933	)		(207,886	)		32,201
	Basic Earnings (Loss) Per Share:(1)
	Continuing operations		(0.20	)		(0.12	)		(0.17	)		(0.03	)
	Discontinued operations		(0.01	)		—			(0.06	)		0.07
	Diluted Earnings (Loss) Per Share:(1)
	Continuing operations		(0.20	)		(0.12	)		(0.16	)		(0.03	)
	Discontinued operations		(0.01	)		—			(0.06	)		0.07
	Dividends declared per share		0.1			0.1			0.11			0.11
	Weighted-average shares outstanding:
	Basic		937,274			937,789			938,316			938,049
	Diluted		937,274			937,789			938,316			938,049
	-1
	Earnings (loss) per share for the quarters do not add up to annual earnings per share due to the issuance of additional common stock during the year.

ORGANIZATION_Details

ORGANIZATION (Details)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2013	Dec. 13, 2013	Oct. 15, 2013	Jul. 16, 2013	Apr. 16, 2013	Dec. 14, 2012	Oct. 15, 2012	Jul. 16, 2012	Apr. 16, 2012
		warrant	warrant	warrant	warrant	warrant	warrant	warrant	warrant	warrant
ORGANIZATION	'	'	'	'	'	'	'	'	'	'
Warrants issued to purchase common stock	'	120,000,000	85,084,392	84,507,750	83,945,892	83,443,178	134,640,000	133,884,000	133,116,000	132,372,000
Common equity ownership in GGP Limited Partnership (as a percent)	99.00%	'	'	'	'	'	'	'	'	'
Ownership in GGP Limited held by limited partners (as a percent)	1.00%	'	'	'	'	'	'	'	'	'
United States | Regional Malls	'	'	'	'	'	'	'	'	'	'
Real estate properties	'	'	'	'	'	'	'	'	'	'
Number of real estate properties in portfolio	'	120	'	'	'	'	'	'	'	'
Western region of the United States | Strip/other retail centers	'	'	'	'	'	'	'	'	'	'
Real estate properties	'	'	'	'	'	'	'	'	'	'
Number of real estate properties in portfolio	'	13	'	'	'	'	'	'	'	'
Columbia, Maryland | Stand-alone office buildings	'	'	'	'	'	'	'	'	'	'
Real estate properties	'	'	'	'	'	'	'	'	'	'
Number of real estate properties in portfolio	'	6	'	'	'	'	'	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenue Recognition and Related Matters	'	'	'
Amortization of straight-line rent	$49,504,000	$59,749,000	$76,067,000
Net amortization/accretion of above and below-market tenant leases	-69,311,000	-81,726,000	-92,459,000
Lease termination income	10,888,000	8,622,000	15,405,000
Straight-line rent receivables, net	188,291,000	148,282,000	'
Changes in allowance for doubtful accounts	'	'	'
Balance at beginning of the period	24,692,000	32,859,000	40,746,000
Provisions for doubtful accounts	5,948,000	7,444,000	4,878,000
Write-offs	-13,605,000	-16,402,000	-14,205,000
Balance at end of the period	17,892,000	24,692,000	32,859,000
Allowance for doubtful accounts in discontinued operations	'	'	'
Changes in allowance for doubtful accounts	'	'	'
Provisions for doubtful accounts in discontinued operations	857,000	791,000	1,440,000
Recoveries	$2,100,000	$3,400,000	'
Minimum | Buildings and improvements	'	'	'
Properties	'	'	'
Estimated useful lives	'10 years	'	'
Minimum | Equipment and fixtures	'	'	'
Properties	'	'	'
Estimated useful lives	'3 years	'	'
Minimum | Properties	'	'	'
Properties	'	'	'
Estimated useful lives	'10 years	'	'
Maximum | Buildings and improvements	'	'	'
Properties	'	'	'
Estimated useful lives	'45 years	'	'
Maximum | Equipment and fixtures	'	'	'
Properties	'	'	'
Estimated useful lives	'20 years	'	'
Maximum | Properties	'	'	'
Properties	'	'	'
Estimated useful lives	'45 years	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Acquisitions of operating properties	'	'	'
Gross Asset	$1,297,921	$1,511,162	'
Accumulated Amortization	-512,429	-449,185	'
Net Carrying Amount	785,492	1,061,977	'
Amortization/accretion effect on continuing operations	-242,221	-335,883	-447,941
Future amortization/accretion of intangibles	'	'	'
2014	177,935	'	'
2015	145,417	'	'
2016	113,360	'	'
2017	85,112	'	'
2018	55,527	'	'
Minimum	'	'	'
Investments in Unconsolidated Real Estate Affiliates	'	'	'
Amortization period for difference between carrying amount of investment in unconsolidated real estate affiliates and share of underlying equity of unconsolidated real estate affiliates	'5 years	'	'
Maximum	'	'	'
Investments in Unconsolidated Real Estate Affiliates	'	'	'
Amortization period for difference between carrying amount of investment in unconsolidated real estate affiliates and share of underlying equity of unconsolidated real estate affiliates	'45 years	'	'
Tenant leases, In-place value	'	'	'
Acquisitions of operating properties	'	'	'
Gross Asset	797,311	972,495	'
Accumulated Amortization	-420,370	-423,492	'
Net Carrying Amount	$376,941	$549,003	'
Tenant leases, In-place value | Maximum	'	'	'
Acquisitions of operating properties	'	'	'
Lease-up period	'1 year	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)

12 Months Ended

3 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2011

Mar. 31, 2014

Property transferred to a special servicer

Continuing operations

Continuing operations

Discontinuing operations

Discontinuing operations

Discontinuing operations

Discontinuing operations

Operating properties and producing asset

Subsequent event

property

property

property

Property transferred to a special servicer

property

Property transferred to a special servicer

Management Fees and Other Corporate Revenues

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of revenue earned from joint venture reported as management fees

100.00%

'

'

'

'

'

'

'

'

'

'

'

Management fees from affiliates

$68,681,000

$70,506,000

$60,752,000

'

'

'

'

'

'

'

'

'

Management fee expense

-25,551,000

-23,061,000

-22,473,000

'

'

'

'

'

'

'

'

'

Net management fees from affiliates

43,130,000

47,445,000

38,279,000

'

'

'

'

'

'

'

'

'

Income Taxes

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of capital gains and ordinary income expected to be distributed to shareholders annually to qualify as REIT

100.00%

'

'

'

'

'

'

'

'

'

'

'

Period of disqualification of REIT status

'4 years

'

'

'

'

'

'

'

'

'

'

'

Impairment charges

'

'

'

18,400,000

32,100,000

900,000

12,600,000

76,600,000

67,500,000

'

'

'

Net book value

21,113,414,000

22,021,557,000

'

12,000,000

'

'

'

'

'

'

'

'

Carrying value of the non-recourse debt

'

'

'

78,700,000

'

'

'

'

'

'

'

'

Gain on debt extinguishment

-36,479,000

-15,007,000

'

'

'

'

25,894,000

50,765,000

'

25,900,000

'

67,000,000

Number of impaired operating properties

'

'

'

'

'

'

4

8

2

'

'

'

Number of impaired non-income producing assets

'

'

'

'

'

'

'

'

'

'

1

'

Provision for impairment from Equity in income of Unconsolidated Real Estate Affiliates

$0

$0

$0

'

'

'

'

'

'

'

'

'

ACQUISITIONS_AND_JOINT_VENTURE2

ACQUISITIONS AND JOINT VENTURE ACTIVITY (Details) (USD $)	12 Months Ended		0 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Jun. 28, 2013	Apr. 17, 2012	Dec. 31, 2012
	Union Square area	Properties acquired	Quail Springs Mall	Sears Anchor Pads	Sears Anchor Pads
	item	property		item
Acquisitions	'	'	'	'	'
Number of properties acquired	2	4	'	'	'
Debt assumed	'	$41,300,000	'	'	'
Ownership interest acquired (as a percent)	50.00%	'	50.00%	'	'
Investment in real estate, including intangible assets and liabilities	'	314,750,000	186,627,000	'	'
Investment in Unconsolidated Real Estate Affiliates	'	39,774,000	'	'	'
Net working capital	'	515,000	1,470,000	'	'
Net assets acquired	'	355,039,000	110,893,000	'	'
Number of anchor pads acquired	'	'	'	11	'
Number of anchor pads in which fee interest acquired	'	'	'	5	'
Number of anchor pads in which long-term leasehold interests acquired	'	'	'	6	'
Leasehold interests recorded as construction in progress	'	'	'	212,000,000	'
Fee interests recorded as land and buildings	'	'	'	'	58,000,000
Consideration for acquisition	'	396,300,000	90,500,000	'	'
Remaining percentage of debt assumed	'	'	50.00%	'	'
Gain calculation	'	'	'	'	'
Total fair value of net assets acquired	'	355,039,000	110,893,000	'	'
Previous investment in joint venture	'	'	-35,610,000	'	'
Cash paid to acquire our joint venture partner's interest	'	-355,000,000	-55,507,000	-270,000,000	'
Gain from changes in control of investment properties	'	'	19,776,000	'	'
Preliminary allocation of the purchase price to the net assets acquired at the date of acquisition	'	'	'	'	'
Investment in real estate, including intangible assets and liabilities	'	314,750,000	186,627,000	'	'
Fair value of debt	'	'	-77,204,000	'	'
Net working capital	'	515,000	1,470,000	'	'
Net assets acquired	'	$355,039,000	$110,893,000	'	'

ACQUISITIONS_AND_JOINT_VENTURE3

ACQUISITIONS AND JOINT VENTURE ACTIVITY (Details 2) (The Grand Canal Shoppes and The Shoppes at The Palazzo, USD $)	0 Months Ended
	16-May-13
Joint venture	'
Ownership percentage in investment properties by joint venture	100.00%
Debt assumed joint venture by TIAACREF	$311,900,000
Gains from changes in control of investment properties recognized	'
Cash received from joint venture	411,476,000
Proportionate share of previous investment in The Grand Canal Shoppes and The Shoppes at The Palazzo	-211,468,000
Gain from changes in control of investment property	$200,008,000
TIAACREF	'
Joint venture	'
Percentage of economic interest in joint venture received by Co-venture	49.90%

ACQUISITIONS_AND_JOINT_VENTURE4

ACQUISITIONS AND JOINT VENTURE ACTIVITY (Details 3) (USD $)	Mar. 31, 2012	Apr. 05, 2012	Dec. 31, 2012
	The Oaks and Westroads	The Oaks and Westroads, equity method investment	The Oaks and Westroads, equity method investment
Acquisitions	'	'	'
Ownership interest acquired (as a percent)	'	49.00%	'
Remaining debt assumed	'	$92,800,000	'
Total fair value of net assets acquired	'	200,300,000	'
Previous investment in joint venture	83,500,000	'	'
Consideration for acquisition	'	191,100,000	'
Cash included in total consideration	'	98,300,000	'
Remaining percentage of debt and net working capital assumed	'	49.00%	'
Gain from changes in control of investment property	'	'	$18,500,000

DISPOSITIONS_DISCONTINUED_OPER2

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES (Details) (USD $)

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Jan. 12, 2012

Discontinuing operations

Discontinuing operations

Discontinuing operations

Property interests sold in 2013

Property transferred to a special servicer

Office Properties

Regional Malls

Strip/other retail centers

Rouse Properties, Inc. (Rouse)

Discontinuing operations

Discontinuing operations

property

property

property

Discontinuing operations

property

property

Discontinued operations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

7

11

'

Total consideration

'

'

'

'

'

'

'

'

'

'

'

'

$394,500,000

'

$142,600,000

'

'

'

'

'

Debt on the property paid down with proceeds from sale

'

'

'

'

'

'

'

'

'

'

'

'

320,600,000

'

143,600,000

96,900,000

'

'

'

'

Number of properties previously transferred to a special servicer

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

Number of malls in portfolio spun-off in the form of a special dividend

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30

Retail and other revenue

'

'

'

'

'

'

'

'

'

'

'

31,205,000

111,320,000

412,827,000

'

'

'

'

'

'

Total revenues

681,363,000

612,505,000

604,410,000

629,109,000

663,760,000

616,038,000

597,958,000

589,082,000

2,527,387,000

2,466,838,000

2,396,960,000

31,205,000

111,320,000

412,827,000

'

'

'

'

'

'

Retail and other operating expenses

'

'

'

'

'

'

'

'

'

'

'

24,905,000

87,174,000

351,525,000

'

'

'

'

'

'

Provision for impairment

'

'

'

'

'

'

'

'

18,361,000

32,100,000

916,000

12,575,000

76,581,000

67,517,000

'

'

'

'

'

'

Total expenses

'

'

'

'

'

'

'

'

1,695,228,000

1,707,275,000

1,778,574,000

37,480,000

163,755,000

419,042,000

'

'

'

'

'

'

Operating income

237,650,000

195,707,000

200,329,000

198,473,000

250,857,000

154,033,000

190,126,000

164,547,000

832,159,000

759,563,000

618,386,000

-6,275,000

-52,435,000

-6,215,000

'

'

'

'

'

'

Interest expense, net

'

'

'

'

'

'

'

'

'

'

'

-8,759,000

-32,210,000

-110,398,000

'

'

'

'

'

'

Provision for income taxes

'

'

'

'

'

'

'

'

'

'

'

'

-23,000

-632,000

'

'

'

'

'

'

(Losses) gains on dispositions

'

'

'

'

'

'

'

'

'

'

'

-817,000

24,426,000

4,332,000

'

'

'

'

'

'

Net income (loss) from operations

'

'

'

'

'

'

'

'

'

'

'

-15,851,000

-60,242,000

-112,913,000

'

'

'

'

'

'

Gain on debt extinguishment

'

'

'

'

'

'

'

'

-36,479,000

-15,007,000

'

25,894,000

50,765,000

'

'

25,900,000

'

'

'

'

Discontinued operations, net

($7,085,000)

$12,000

($1,867,000)

$18,983,000

$59,885,000

($58,410,000)

$1,095,000

($12,047,000)

$10,043,000

($9,477,000)

($112,913,000)

$10,043,000

($9,477,000)

($112,913,000)

'

'

'

'

'

'

FAIR_VALUE_Details

FAIR VALUE (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012
	Significant Unobservable Inputs (Level 3)	Significant Unobservable Inputs (Level 3)	Fair Value Measurements, Non-recurring	Fair Value Measurements, Non-recurring	Fair Value Measurements, Non-recurring	Fair Value Measurements, Non-recurring	Fair Value Measurements, Non-recurring
	Minimum	Maximum	Total Fair Value Measurement	Total Fair Value Measurement	Significant Other Observable Inputs (Level 2)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Investment in real estate:	'	'	'	'	'	'	'
Total investments in real estate	'	'	$12,000	$112,829	$12,000	$12,070	$100,759
Unobservable Quantitative Input	'	'	'	'	'	'	'
Discount rates	9.00%	10.00%	'	'	'	'	'
Terminal capitalization rates	9.00%	10.00%	'	'	'	'	'

FAIR_VALUE_Details_2

FAIR VALUE (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Carrying Amount	'	'
Fixed-rate debt	$13,919,820,000	$14,954,601,000
Variable-rate debt	1,752,617,000	1,012,265,000
Total mortgages, notes and loans payable	15,672,437,000	15,966,866,000
Estimated Fair Value	'	'
Fixed-rate debt	13,957,952,000	16,190,518,000
Variable-rate debt	1,787,139,000	1,040,687,000
Total long-term debt, fair value	15,745,091,000	17,231,205,000
Variable rate basis	'LIBOR	'
Market rate adjustments	$900,000	($23,300,000)

UNCONSOLIDATED_REAL_ESTATE_AFF2

UNCONSOLIDATED REAL ESTATE AFFILIATES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
In Thousands, unless otherwise specified
Assets:	'	'	'	'
Land	$4,320,597	$4,278,471	'	'
Buildings and equipment	18,270,748	18,806,858	'	'
Less accumulated depreciation	-1,884,861	-1,440,301	'	'
Construction in progress	406,930	376,529	'	'
Net property and equipment	21,113,414	22,021,557	'	'
Net investment in real estate	23,521,112	24,887,428	'	'
Cash and cash equivalents	577,271	624,815	572,872	1,021,311
Accounts and notes receivable, net	478,899	260,860	'	'
Deferred expenses, net	189,452	179,837	'	'
Prepaid expenses and other assets	995,569	1,329,465	'	'
Total assets	25,762,303	27,282,405	'	'
Liabilities and Owners' Equity:	'	'	'	'
Total liabilities and equity	25,762,303	27,282,405	'	'
Investment In and Loans To/From Unconsolidated Real Estate Affiliates, Net:	'	'	'	'
Owners' equity	-8,185,263	-7,705,020	-8,579,345	-10,181,749
Investment in and loans to/from Unconsolidated Real Estate Affiliates, Net	2,407,698	2,865,871	'	'
Reconciliation - Investment In and Loans To/From Unconsolidated Real Estate Affiliates:	'	'	'	'
Investment in and loans to/from Unconsolidated Real Estate Affiliates, Net	2,407,698	2,865,871	'	'
Unconsolidated	'	'	'	'
Assets:	'	'	'	'
Land	1,046,354	960,335	'	'
Buildings and equipment	8,670,976	7,658,965	'	'
Less accumulated depreciation	-2,301,054	-2,080,361	'	'
Construction in progress	46,339	173,419	'	'
Net property and equipment	7,462,615	6,712,358	'	'
Investments in unconsolidated joint ventures	'	1,201,044	'	'
Net investment in real estate	7,462,615	7,913,402	'	'
Cash and cash equivalents	260,405	485,387	'	'
Accounts and notes receivable, net	187,533	167,548	'	'
Deferred expenses, net	254,949	298,050	'	'
Prepaid expenses and other assets	147,182	140,229	'	'
Total assets	8,312,684	9,004,616	'	'
Liabilities and Owners' Equity:	'	'	'	'
Mortgages, notes and loans payable	6,503,686	6,463,377	'	'
Accounts payable, accrued expenses and other liabilities	324,620	509,064	'	'
Cumulative effect of foreign currency translation ("CFCT")	-22,896	-158,195	'	'
Owners' equity, excluding CFCT	1,507,274	2,190,370	'	'
Total liabilities and equity	8,312,684	9,004,616	'	'
Investment In and Loans To/From Unconsolidated Real Estate Affiliates, Net:	'	'	'	'
Owners' equity	1,484,378	2,032,175	'	'
Less: joint venture partners' equity	-760,804	-1,105,457	'	'
Plus: excess investment/basis differences	1,666,719	1,939,153	'	'
Investment in and loans to/from Unconsolidated Real Estate Affiliates, Net	2,390,293	2,865,871	'	'
Reconciliation - Investment In and Loans To/From Unconsolidated Real Estate Affiliates:	'	'	'	'
Asset - Investment in and loans to/from Unconsolidated Real Estate Affiliates	2,407,698	2,865,871	'	'
Liability - Investment in Unconsolidated Real Estate Affiliates	-17,405	'	'	'
Investment in and loans to/from Unconsolidated Real Estate Affiliates, Net	$2,390,293	$2,865,871	'	'

UNCONSOLIDATED_REAL_ESTATE_AFF3

UNCONSOLIDATED REAL ESTATE AFFILIATES (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:	'	'	'	'	'	'	'	'	'	'	'
Minimum rents	'	'	'	'	'	'	'	'	$1,588,883	$1,549,933	$1,508,424
Tenant recoveries	'	'	'	'	'	'	'	'	723,634	700,914	694,645
Overage rents	'	'	'	'	'	'	'	'	56,212	69,756	60,021
Other	'	'	'	'	'	'	'	'	89,866	74,286	72,707
Total revenues	681,363	612,505	604,410	629,109	663,760	616,038	597,958	589,082	2,527,387	2,466,838	2,396,960
Expenses:	'	'	'	'	'	'	'	'	'	'	'
Real estate taxes	'	'	'	'	'	'	'	'	243,941	219,139	215,838
Property maintenance costs	'	'	'	'	'	'	'	'	71,334	76,139	86,461
Marketing	'	'	'	'	'	'	'	'	26,214	33,263	32,857
Other property operating costs	'	'	'	'	'	'	'	'	352,466	361,345	365,404
Provision for doubtful accounts	'	'	'	'	'	'	'	'	4,068	4,017	4,864
Property management and other costs	'	'	'	'	'	'	'	'	164,777	159,600	186,879
General and administrative	'	'	'	'	'	'	'	'	49,237	39,120	30,811
Depreciation and amortization	'	'	'	'	'	'	'	'	764,830	782,552	854,544
Total expenses	'	'	'	'	'	'	'	'	1,695,228	1,707,275	1,778,574
Operating income	237,650	195,707	200,329	198,473	250,857	154,033	190,126	164,547	832,159	759,563	618,386
Interest income	'	'	'	'	'	'	'	'	7,699	2,374	1,950
Interest expense	'	'	'	'	'	'	'	'	-736,560	-794,550	-863,444
Provision for income taxes	'	'	'	'	'	'	'	'	-345	-9,091	-8,723
Income (loss) from continuing operations	88,243	30,843	215,790	-27,719	-24,219	-148,196	-107,439	-182,202	307,156	-462,056	-193,891
Allocation to noncontrolling interests	'	'	'	'	'	'	'	'	-14,671	-9,700	-6,368
Net income (loss) attributable to common stockholders	73,212	23,499	205,391	-13,651	32,201	-207,886	-107,933	-197,615	288,450	-481,233	-313,172
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Net income attributable to the venture	73,212	23,499	205,391	-13,651	32,201	-207,886	-107,933	-197,615	288,450	-481,233	-313,172
Equity in income of Unconsolidated Real Estate Affiliates	'	'	'	'	'	'	'	'	58,919	54,984	2,898
Regional Malls | United States	'	'	'	'	'	'	'	'	'	'	'
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Number of real estate properties in portfolio	120	'	'	'	'	'	'	'	120	'	'
Unconsolidated Real Estate Affiliates	'	'	'	'	'	'	'	'	'	'	'
Revenues:	'	'	'	'	'	'	'	'	'	'	'
Minimum rents	'	'	'	'	'	'	'	'	770,999	713,552	674,197
Tenant recoveries	'	'	'	'	'	'	'	'	327,750	297,567	297,530
Overage rents	'	'	'	'	'	'	'	'	32,500	25,794	19,822
Other	'	'	'	'	'	'	'	'	34,007	32,758	27,530
Total revenues	'	'	'	'	'	'	'	'	1,165,256	1,069,671	1,019,079
Expenses:	'	'	'	'	'	'	'	'	'	'	'
Real estate taxes	'	'	'	'	'	'	'	'	104,453	95,643	98,738
Property maintenance costs	'	'	'	'	'	'	'	'	35,100	38,277	40,293
Marketing	'	'	'	'	'	'	'	'	15,981	16,573	17,791
Other property operating costs	'	'	'	'	'	'	'	'	160,439	153,006	143,947
Provision for doubtful accounts	'	'	'	'	'	'	'	'	1,480	1,937	5,703
Property management and other costs	'	'	'	'	'	'	'	'	52,932	48,724	46,996
General and administrative	'	'	'	'	'	'	'	'	2,333	1,660	7,535
Depreciation and amortization	'	'	'	'	'	'	'	'	279,713	260,262	254,560
Total expenses	'	'	'	'	'	'	'	'	652,431	616,082	615,563
Operating income	'	'	'	'	'	'	'	'	512,825	453,589	403,516
Interest income	'	'	'	'	'	'	'	'	1,431	746	1,729
Interest expense	'	'	'	'	'	'	'	'	-287,716	-279,756	-299,755
Provision for income taxes	'	'	'	'	'	'	'	'	-316	-935	-794
Equity in income of unconsolidated joint ventures	'	'	'	'	'	'	'	'	'	'	11,568
Income (loss) from continuing operations	'	'	'	'	'	'	'	'	226,224	173,644	116,264
Net income from disposed investment	'	'	'	'	'	'	'	'	26,889	50,942	213,313
Allocation to noncontrolling interests	'	'	'	'	'	'	'	'	1	-74	-75
Net income (loss) attributable to common stockholders	'	'	'	'	'	'	'	'	253,114	224,512	329,502
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Net income attributable to the venture	'	'	'	'	'	'	'	'	253,114	224,512	329,502
Joint venture partners' share of income	'	'	'	'	'	'	'	'	-140,193	-131,047	-181,213
Amortization of capital or basis differences	'	'	'	'	'	'	'	'	-54,002	-38,481	-145,391
Equity in income of Unconsolidated Real Estate Affiliates	'	'	'	'	'	'	'	'	$58,919	$54,984	$2,898
Unconsolidated Real Estate Affiliates | United States	'	'	'	'	'	'	'	'	'	'	'
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Number of joint ventures in which the entity holds interest	20	'	'	'	'	'	'	'	20	'	'
Unconsolidated Real Estate Affiliates | Brazil	'	'	'	'	'	'	'	'	'	'	'
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Number of joint ventures in which the entity holds interest	1	'	'	'	'	'	'	'	1	'	'
Unconsolidated Real Estate Affiliates | Regional Malls | United States	'	'	'	'	'	'	'	'	'	'	'
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Number of real estate properties in portfolio	31	'	'	'	'	'	'	'	31	'	'
Unconsolidated Real Estate Affiliates | Strip/other retail centers	'	'	'	'	'	'	'	'	'	'	'
Equity In Income of Unconsolidated Real Estate Affiliates:	'	'	'	'	'	'	'	'	'	'	'
Number of real estate properties in portfolio	5	'	'	'	'	'	'	'	5	'	'

UNCONSOLIDATED_REAL_ESTATE_AFF4

UNCONSOLIDATED REAL ESTATE AFFILIATES (Details 3) (USD $)	12 Months Ended		0 Months Ended				0 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Nov. 18, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2013
			Water Tower Place	Shopping Leblon, in Rio de Janeiro	Unconsolidated	Unconsolidated	Unconsolidated	Unconsolidated
				Regional Malls	property	property	Aliansce Shopping Centers S.A	Aliansce Shopping Centers S.A
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates	'	'	'	'	'	'	'	'
Ownership interest in joint venture (as a percent)	'	'	'	35.00%	'	'	'	'
Effective interest rate (as a percent)	'	'	'	'	'	'	'	14.00%
Term of note	'	'	'	'	'	'	'	'5 years
Cash received from acquirers	'	'	'	'	'	'	$446,322,000	'
Notes receivable from Rique	151,127,000	'	'	'	'	'	151,127,000	'
GGP's investment in Aliansce	'	'	'	'	'	-1,201,044,000	-491,325,000	'
Accumulated foreign currency translation adjustment realized	109,900,000	'	'	'	'	'	-109,861,000	'
Gain on investment	9,837,000	23,358,000	10,100,000	'	'	'	-3,737,000	'
Entity's proportionate share in indebtedness secured by Unconsolidated Properties including retained debt	'	'	'	'	3,200,000,000	3,100,000,000	'	'
Aggregate carrying value of retained debt, reflected as a reduction in entity's investment in Unconsolidated Real Estate Affiliates	'	'	'	'	$90,600,000	$91,800,000	'	'
Number of unconsolidated properties with retained debt	'	'	'	'	1	1	'	'

MORTGAGES_NOTES_AND_LOANS_PAYA2

MORTGAGES, NOTES AND LOANS PAYABLE (Details) (USD $)

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2006

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

2-May-13

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 14, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

GGP Capital Trust I

GGP Capital Trust I

Collateralized mortgages, notes and loans payable

Collateralized mortgages, notes and loans payable

Corporate and other unsecured loans

Corporate and other unsecured loans

Junior Subordinated Notes due 2041

Junior Subordinated Notes due 2041

Prior loans

Prior loans

New Loan

New Loan

Unsecured fixed-rate debt

Unsecured fixed-rate debt

Unsecured Corporate Bonds - 2010 Indenture

Unsecured Corporate Bonds - 2010 Indenture

Unsecured Corporate Bonds - 2010 Indenture

HHC Note

HHC Note

Unsecured Corporate Bonds - 1995 Indenture

Unsecured Corporate Bonds - 1995 Indenture

Unsecured Corporate Bonds - 1995 Indenture

Revolving credit facility, (the "Facility")

Revolving credit facility, (the "Facility")

Revolving credit facility, (the "Facility")

Corporate revolver

property

Corporate Loan

Corporate Loan

Minimum

Maximum

item

item

item

Mortgages, notes and loans payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fixed-rate debt

$13,919,820,000

$14,954,601,000

'

'

$13,907,029,000

$14,225,011,000

$12,791,000

$729,590,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Variable-rate debt

1,752,617,000

1,012,265,000

'

'

1,700,817,000

1,012,265,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

51,800,000

Total mortgages, notes and loans payable

15,672,437,000

15,966,866,000

'

'

15,600,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt

'

'

'

'

'

'

'

'

206,200,000

206,200,000

'

'

'

1,500,000,000

64,979,000

719,821,000

'

'

608,688,000

13,179,000

19,347,000

'

'

91,786,000

'

'

'

51,800,000

Weighted-average fixed interest rate (as a percent)

4.55%

4.96%

'

'

4.55%

4.88%

4.41%

6.51%

'

'

'

'

'

'

2.28%

6.51%

'

'

6.75%

4.41%

4.41%

'

'

5.38%

'

'

'

'

Weighted-average variable interest rate (as a percent)

2.59%

3.42%

'

'

2.61%

3.42%

'

'

1.69%

1.76%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.74%

Weighted-average interest rate (as a percent)

4.33%

4.86%

'

'

'

'

'

'

'

'

4.90%

'

3.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Market rate adjustment excluded from corporate and other unsecured loans

900,000

-23,300,000

'

'

'

'

'

'

'

'

'

'

'

'

400,000

9,800,000

'

'

'

'

'

'

'

'

'

'

'

'

Land, buildings and equipment and developments in progress (before accumulated depreciation) pledged as collateral

'

'

'

'

20,400,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured debt, cross-collateralized with other properties

'

'

'

'

1,600,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of recourse fixed and variable rate debt

'

'

'

'

1,600,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Value of mortgage notes refinanced

'

'

'

'

5,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties with mortgage notes refinanced

'

'

'

'

36

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from mortgage loans refinanced

'

'

'

'

1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties subject to collateralized debt

'

'

'

'

'

'

'

'

'

'

'

16

'

16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term to maturity

'

'

'

'

'

'

'

'

'

'

'2 years 8 months 12 days

'3 years 3 months 18 days

'8 years 3 months 18 days

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of extensions to maturity date

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period of extension option

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average, interest rate (as percent)

'

'

'

'

'

'

'

'

'

'

'

3.98%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss on extinguishment of debt

-36,479,000

-15,007,000

'

'

6,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred financing costs

'

'

'

'

9,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of bond redeemed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

608,700,000

'

'

'

'

91,800,000

'

'

'

'

'

'

Debt extinguishment costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,500,000

'

'

'

'

3,500,000

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000,000

'

'

'

Uncommitted accordion feature

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,500,000,000

'

'

'

Variable rate basis

'LIBOR

'

'LIBOR

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

Basis spread on variable rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

'

'

'

'

'

'

'

'

'

'

'

1.33%

1.95%

'

Issuance of trust preferred securities

'

'

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common securities issued to GGLP

'

'

'

6,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase of Junior Subordinated Notes

'

'

'

206,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Trust Preferred Securities, basis spread on variable rate

'

'

1.45%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding letter of credit and surety bonds

$19,400,000

$21,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties transferred to a special servicer

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

INCOME_TAXES_Details

INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
Required minimum percentage distribution of ordinary taxable income to stockholders to qualify as a REIT	90.00%
Period of disqualification of REIT status	'4 years

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Provision for income taxes from continuing operations	'	'	'
Current	$3,855	$5,036	$11,548
Deferred	-3,510	4,055	-2,825
Total from Continuing Operations	345	9,091	8,723
Provision for income taxes from discontinued operations	'	'	'
Current	'	23	632
Total from Discontinued Operations	'	23	632
Total	$345	$9,114	$9,355

INCOME_TAXES_Details_3

INCOME TAXES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
INCOME TAXES	'	'	'
Net operating loss carryforwards	$20,000,000	'	'
Capital loss carryforwards	6,600,000	'	'
Net deferred tax assets (liabilities)	'	'	'
Total deferred tax assets	16,077,000	17,778,000	21,574,000
Valuation allowance	-15,171,000	-16,876,000	-16,996,000
Net deferred tax assets	906,000	902,000	4,578,000
Total deferred tax liabilities	-24,667,000	-28,174,000	-29,220,000
Net deferred tax liabilities	-23,761,000	-27,272,000	-24,642,000
Tax effects of temporary differences and carryforwards included in net deferred tax liabilities	'	'	'
Operating loss and tax credit forwards	15,477,000	15,051,000	5,489,000
Other TRS property, primarily differences in basis of assets and liabilities	-24,067,000	-25,447,000	-13,135,000
Valuation allowance	-15,171,000	-16,876,000	-16,996,000
Net deferred tax liabilities	-23,761,000	-27,272,000	-24,642,000
Unrecognized tax benefits, excluding interest	$5,100,000	$5,400,000	'

WARRANTS_Details

WARRANTS (Details) (USD $)

12 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 13, 2013

Oct. 15, 2013

Jul. 16, 2013

Apr. 16, 2013

Dec. 14, 2012

Oct. 15, 2012

Jul. 16, 2012

Apr. 16, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 13, 2013

Oct. 15, 2013

Jul. 16, 2013

Apr. 16, 2013

Dec. 14, 2012

Oct. 15, 2012

Jul. 16, 2012

Apr. 16, 2012

Dec. 31, 2012

Dec. 13, 2013

Oct. 15, 2013

Jul. 16, 2013

Apr. 16, 2013

Dec. 14, 2012

Oct. 15, 2012

Jul. 16, 2012

Apr. 16, 2012

warrant

warrant

warrant

warrant

warrant

warrant

warrant

warrant

warrant

Brookfield

Brookfield

Blackstone.

Fairholme

Pershing Square

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

The Brookfield Investor and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

Fairholme, Pershing Square and Blackstone

warrant

Pershing Square

warrant

warrant

warrant

Pershing Square

warrant

WARRANT LIABILITY

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Warrants

'

'

'

'

'

'

'

'

'

57,500,000

'

2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Warrants

'

'

'

'

'

'

'

'

'

'

'

2,500,000

41,070,000

16,430,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuable Shares

120,000,000

85,084,392

84,507,750

83,945,892

83,443,178

134,640,000

133,884,000

133,116,000

132,372,000

46,000,000

10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price (in dollars per share)

$10.63

'

'

'

'

'

'

'

'

$10.75

'

$10.75

$10.50

$10.50

$9.34

$9.41

$9.47

$9.53

$9.58

$9.64

$9.69

$9.75

'

$9.12

$9.19

$9.25

$9.30

$9.36

$9.41

$9.47

$9.52

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

$10.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price of remaining warrants (in dollars per share)

'

'

'

'

'

'

'

'

'

$9.29

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$9.36

'

'

'

'

'

'

'

'

Term of Warrants, in number of years from the effective date

'7 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial period of term of Warrants in number of years during which prior notice is to be given

'

'

'

'

'

'

'

'

'

'

'

'

'6 years 6 months

'6 years 6 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notice period to exercise permanent warrants

'

'

'

'

'

'

'

'

'

'

'

'

'90 days

'90 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of warrants acquired

'

'

'

'

'

'

'

'

'

'

16,430,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price of warrants acquired

'

'

'

'

'

'

'

'

'

'

$272

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

WARRANTS_Details_2

WARRANTS (Details 2) (USD $)

0 Months Ended

12 Months Ended

12 Months Ended

Mar. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 13, 2013

Oct. 15, 2013

Jul. 16, 2013

Apr. 16, 2013

Dec. 14, 2012

Oct. 15, 2012

Jul. 16, 2012

Apr. 16, 2012

Mar. 26, 2013

Jan. 28, 2013

Jan. 28, 2013

Jan. 28, 2013

Dec. 31, 2013

Jan. 28, 2013

Mar. 28, 2013

Dec. 31, 2012

Mar. 28, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

warrant

warrant

warrant

warrant

warrant

warrant

warrant

warrant

warrant

GGPLP

GGPLP

Fairholme

Blackstone.

The Brookfield Investor

The Brookfield Investor

Minimum

Minimum

Maximum

Maximum

Fair Value Measurements, Recurring

Fair Value Measurements, Recurring

Fair Value Measurements, Recurring

warrant

GGPLP

GGPLP

warrant

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

Significant Unobservable Inputs (Level 3)

WARRANT LIABILITY

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of warrants acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

41,070,000

5,000,000

'

'

'

'

'

'

'

'

'

Purchase price of warrants acquired

'

'

'

'

'

'

'

'

'

'

'

'

$633,000,000

'

'

'

'

'

'

'

'

'

'

'

Issuable Shares

'

120,000,000

'

85,084,392

84,507,750

83,945,892

83,443,178

134,640,000

133,884,000

133,116,000

132,372,000

'

27,000,000

'

'

46,000,000

'

'

'

'

'

'

'

'

Exercise price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

$9.37

'

'

'

'

'

'

'

'

'

'

'

Warrant options

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

57,500,000

'

'

'

'

'

'

'

Warrant option exercise price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

618,000,000

'

'

'

'

'

'

'

Remaining outstanding warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16,430,000

'

'

'

'

'

'

'

Common stock shares issued in warrant settlement transaction

'

'

'

'

'

'

'

'

'

'

'

27,500,000

'

'

'

'

65,000,000

'

'

'

'

'

'

'

Fair Value of Warrant Liability

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,488,196,000

985,962,000

1,041,004,000

Warrant liability adjustment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40,546,000

502,234,000

-55,042,000

Purchase of warrants by GGPLP

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-633,229,000

'

'

Reclassification to equity

'

-895,513,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-895,513,000

'

'

Balance at the end of the period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,488,196,000

985,962,000

Estimated fair value of Warrants and significant assumptions used in valuation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of Warrants

$895,513,000

'

$1,488,196,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Observable Inputs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

GGP stock price per share

$19.88

$20.07

$19.85

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant term

'4 years 7 months 13 days

'

'4 years 10 months 10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unobservable Inputs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected volatility (as a percent)

30.00%

'

33.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15.00%

20.00%

65.00%

65.00%

'

'

'

Discount for lack of marketability (as a percent)

3.00%

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

3.00%

7.00%

7.00%

'

'

'

RENTALS_UNDER_OPERATING_LEASES2

RENTALS UNDER OPERATING LEASES (Details) (Consolidated, USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Consolidated	'
Minimum future rentals	'
2014	$1,381,256
2015	1,261,589
2016	1,118,800
2017	976,692
2018	833,062
Subsequent	2,764,500
Total	$8,335,899

EQUITY_AND_REDEEMABLE_NONCONTR2

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Details) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

Oct. 28, 2013

Jul. 29, 2013

10-May-13

Feb. 04, 2013

Nov. 20, 2012

Jul. 31, 2012

Apr. 26, 2012

Feb. 23, 2012

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Mar. 28, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Feb. 13, 2013

Dec. 31, 2013

Series B

Series D

Series E

6.375% series a cumulative redeemable perpetual preferred stock

6.375% series a cumulative redeemable perpetual preferred stock

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated payments for repurchase of redeemable noncontrolling interest

'

'

'

'

'

'

'

'

$131,900,000

'

'

'

'

'

'

'

$131,900,000

'

'

'

'

'

'

'

'

Conversion ratio for convertible common units to common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

Allocation to Noncontrolling Interests

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distributions to preferred Operating Partnership units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-9,287,000

-12,414,000

-9,654,000

'

'

'

'

'

'

Net (income) loss allocation to noncontrolling interests in operating partnership from continuing operations (common units)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-2,281,000

3,498,000

2,211,000

'

'

'

'

'

'

Net (income) loss allocated to noncontrolling interest in consolidated real estate affiliates

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-3,103,000

-784,000

1,075,000

'

'

'

'

'

'

Allocation to noncontrolling interests

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-14,671,000

-9,700,000

-6,368,000

'

'

'

'

'

'

Other comprehensive loss allocation to noncontrolling interests

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-393,000

258,000

337,000

'

'

'

'

'

'

Comprehensive loss allocated to noncontrolling interests

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-15,064,000

-9,442,000

-6,031,000

'

'

'

'

'

'

Unit Conversions Disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Common Units for each Preferred unit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

1.50821

1.29836

'

'

Number of Contractual Convertible Preferred Units Outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,279,632

532,750

502,658

'

'

Converted Basis to Common Units Outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,991,540

803,499

652,631

'

'

Conversion Price (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$16.67

$33.15

$38.51

'

'

Redemption Value

'

'

'

'

'

'

'

'

131,881,000

'

'

'

'

'

'

'

131,881,000

'

'

'

80,110,000

26,638,000

25,133,000

'

'

GGP stock price per share

'

'

'

'

'

'

'

'

$20.07

'

'

'

$19.85

'

'

'

$20.07

$19.85

'

$19.88

$20.07

'

'

'

'

Activity of redeemable noncontrolling interests

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period

'

'

'

'

'

'

'

'

'

'

'

268,219,000

'

'

'

223,795,000

268,219,000

223,795,000

232,364,000

'

'

'

'

'

'

Net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,281,000

-3,498,000

-2,212,000

'

'

'

'

'

'

Distributions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-3,275,000

-2,850,000

-5,879,000

'

'

'

'

'

'

Redemption of operating partnership units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-41,889,000

-2,730,000

-4,615,000

'

'

'

'

'

'

Dividend for RPI Spin-Off

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,137,000

'

'

'

'

'

'

'

Other comprehensive income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

393,000

-258,000

-337,000

'

'

'

'

'

'

Fair value adjustment for noncontrolling interests in Operating Partnership

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,173,000

50,623,000

4,474,000

'

'

'

'

'

'

Balance at the end of the period

'

'

'

'

'

'

'

'

228,902,000

'

'

'

268,219,000

'

'

'

228,902,000

268,219,000

223,795,000

'

'

'

'

'

'

Number of units redeemed by operating partnership unit holders

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,756,521

'

'

'

'

'

'

'

'

Common Stock Dividend

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividends declared per share (in dollars per share)

$0.14

$0.13

$0.12

$0.12

$0.11

$0.11

$0.10

$0.10

$0.14

$0.13

$0.12

$0.12

$0.11

$0.11

$0.10

$0.10

$0.51

$0.42

$0.40

'

'

'

'

'

'

Distributions paid on common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ordinary income

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.33

$0.32

$0.30

'

'

'

'

'

'

Capital gain distributions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.29

$0.22

$0.30

'

'

'

'

'

'

Distributions per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.62

$0.54

$0.60

'

'

'

'

'

'

Number of shares issued due to DRIP elections for dividends declared

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

28,852

3,111,365

'

'

'

'

'

'

'

Number of business days preceding the record date of dividend for enrolling in DRIP

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'4 days

'

'

'

'

'

'

'

'

Net proceeds from preferred shares issued after issuance costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$242,042,000

'

'

'

'

'

'

$242,000,000

'

Redemption price per share (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$25

Conversion of preferred share per common share issued upon conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.4679

Preferred Stock dividends declared (in dollars per share)

$0.40

$0.40

$0.40

$0.21

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Mar. 26, 2013

Dec. 31, 2013

GGPLP

GGPLP

Numerators - Basic and Diluted:

'

'

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations

$88,243

$30,843

$215,790

($27,719)

($24,219)

($148,196)

($107,439)

($182,202)

$307,156

($462,056)

($193,891)

'

'

Preferred Stock dividends

'

'

'

'

'

'

'

'

-14,078

'

'

'

'

Allocation to noncontrolling interests

'

'

'

'

'

'

'

'

-14,602

-9,663

-6,411

'

'

Income (loss) from continuing operations - net of noncontrolling interests

'

'

'

'

'

'

'

'

278,476

-471,719

-200,302

'

'

(Loss) income from discontinued operations

-7,085

12

-1,867

18,983

59,885

-58,410

1,095

-12,047

10,043

-9,477

-112,913

'

'

Allocation to noncontrolling interests

'

'

'

'

'

'

'

'

-69

-37

43

'

'

Discontinued operations - net of noncontrolling interest

'

'

'

'

'

'

'

'

9,974

-9,514

-112,870

'

'

Net income (loss)

'

'

'

'

'

'

'

'

317,199

-471,533

-306,804

'

'

Preferred stock dividends

'

'

'

'

'

'

'

'

-14,078

'

'

'

'

Allocation to noncontrolling interests

'

'

'

'

'

'

'

'

-14,671

-9,700

-6,368

'

'

Net income (loss) attributable to common stockholders

73,212

23,499

205,391

-13,651

32,201

-207,886

-107,933

-197,615

288,450

-481,233

-313,172

'

'

Numerators - Diluted:

'

'

'

'

'

'

'

'

'

'

'

'

'

Income (loss) from continuing operations - net of noncontrolling interests

'

'

'

'

'

'

'

'

278,476

-471,719

-200,302

'

'

Exclusion of Warrant adjustment

'

'

'

'

'

'

'

'

'

'

-55,042

'

'

Diluted income (loss) from continuing operations

'

'

'

'

'

'

'

'

278,476

-471,719

-255,344

'

'

Net income (loss) attributable to common stockholders

73,212

23,499

205,391

-13,651

32,201

-207,886

-107,933

-197,615

288,450

-481,233

-313,172

'

'

Exclusion of Warrant adjustment

'

'

'

'

'

'

'

'

'

'

-55,042

'

'

Diluted net income (loss) attributable to common stockholders

'

'

'

'

'

'

'

'

288,450

-481,233

-368,214

'

'

Denominators:

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average number of common shares outstanding - basic

911,185,000

932,964,000

939,434,000

939,271,000

938,049,000

938,316,000

937,789,000

937,274,000

930,643,000

938,049,000

943,669,000

'

'

Effect of dilutive securities

'

'

'

'

'

'

'

'

3,425,000

'

37,467,000

'

'

Weighted average number of common shares outstanding - diluted

960,765,000

980,767,000

989,461,000

939,271,000

938,049,000

938,316,000

937,789,000

937,274,000

934,068,000

938,049,000

981,136,000

'

'

Treasury stock purchases, shares

'

'

'

'

'

'

'

'

28,345,108

'

'

'

28,345,108

Treasury shares, value

'

'

'

'

'

'

'

'

$566,863

'

'

'

$566,900

Purchase and subsequent exercise of warrants

'

'

'

'

'

'

'

'

'

'

'

27,459,195

'

Shares owned

'

'

'

'

'

'

'

'

'

'

'

'

55,804,303

EARNINGS_PER_SHARE_Details_2

EARNINGS PER SHARE (Details 2)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Effect of anti-dilutive Securities	'	'	'
Anti-dilutive securities (in shares)	58,664	75,762	13,126
Preferred Units	'	'	'
Effect of anti-dilutive Securities	'	'	'
Anti-dilutive securities (in shares)	5,506	5,526	5,526
Common Units	'	'	'
Effect of anti-dilutive Securities	'	'	'
Anti-dilutive securities (in shares)	6,434	6,819	6,929
Stock Options	'	'	'
Effect of anti-dilutive Securities	'	'	'
Anti-dilutive securities (in shares)	'	2,352	671
Warrant	'	'	'
Effect of anti-dilutive Securities	'	'	'
Anti-dilutive securities (in shares)	46,724	61,065	'

STOCKBASED_COMPENSATION_PLANS_1

STOCK-BASED COMPENSATION PLANS (Details)	12 Months Ended
	Dec. 31, 2013
Stock-Based Compensation Plans	'
Shares of common stock reserved for issuance as a percentage of outstanding shares on a fully diluted basis	4.00%
Maximum number of shares that can be granted to participant	4,000,000
Stock options | Maximum | Certain employees	'
Stock-Based Compensation Plans	'
Term of awards	'10 years

STOCKBASED_COMPENSATION_PLANS_2

STOCK-BASED COMPENSATION PLANS (Details 2) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Shares	'	'	'
Exercised (in shares)	-344,670	-617,842	-121,439
Stock options	'	'	'
Shares	'	'	'
Stock options Outstanding at the beginning of the period (in shares)	9,692,499	11,503,869	5,427,011
Granted (in shares)	12,740,784	'	8,662,716
Exercised (in shares)	-339,723	-607,473	-51,988
Forfeited (in shares)	-488,969	-703,183	-1,606,792
Expired (in shares)	-39,310	-500,714	-927,078
Stock options Outstanding at the end of the period (in shares)	21,565,281	9,692,499	11,503,869
Weighted Average Exercise Price	'	'	'
Stock options Outstanding at the beginning of the period (in dollars per share)	13.59	15.65	20.21
Granted (in dollars per share)	19.97	'	15.26
Exercised (in dollars per share)	14.33	13.89	11.05
Forfeited (in dollars per share)	16.27	14.68	14.96
Expired (in dollars per share)	14.35	46.28	39.31
Stock options Outstanding at the end of the period (in dollars per share)	17.28	13.59	15.65
Intrinsic value for exercised options in period	4.9	3.3	0.2

STOCKBASED_COMPENSATION_PLANS_3

STOCK-BASED COMPENSATION PLANS (Details 3) (USD $)	12 Months Ended			12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Mar. 28, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
				Stock options	Stock options	Range of Exercise Prices, $8.00 - $12.00	Range of Exercise Prices, $13.00 - $17.00	Range of Exercise Prices, $18.00 - $22.00
Stock-Based Compensation Plans	'	'	'	'	'	'	'	'
Exercise price, low end of range (in dollars per share)	'	'	'	'	'	$8	$13	$18
Exercise price, high end of range (in dollars per share)	'	'	'	'	'	$12	$17	$22
Stock Options Outstanding	'	'	'	'	'	'	'	'
Shares	21,565,281	'	'	'	'	2,000,000	6,996,034	12,569,247
Weighted Average Remaining Contractual Term	'8 years 7 months 6 days	'	'	'	'	'6 years 9 months 18 days	'7 years 4 months 24 days	'9 years 6 months
Weighted Average Exercise Price (in dollars per share)	$17.28	'	'	'	'	$9.69	$14.61	$19.98
Intrinsic value	$60,167	'	'	'	'	'	'	'
Stock price (in dollar per share)	$20.07	$19.88	$19.85	'	'	'	'	'
Stock Options Exercisable	'	'	'	'	'	'	'	'
Shares	4,465,960	'	'	'	'	1,500,000	2,965,960	'
Weighted Average Remaining Contractual Term	'7 years 1 month 6 days	'	'	'	'	'6 years 9 months 18 days	'7 years 3 months 18 days	'
Weighted Average Exercise Price (in dollars per share)	$12.94	'	'	'	'	$9.69	$14.58	'
Intrinsic value	$31,842	'	'	'	'	'	'	'
Annual vesting percentage	'	'	'	20.00%	'	'	'	'
Vesting period from grant date	'	'	'	'1 year	'	'	'	'
Weighted-average fair value for stock options granted (in dollars per share)	'	'	'	$5.11	$4.59	'	'	'

STOCKBASED_COMPENSATION_PLANS_4

STOCK-BASED COMPENSATION PLANS (Details 4) (Restricted Stock, USD $)	10 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Nov. 09, 2010	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock-Based Compensation Plans	'	'	'	'
Vesting period of a portion of the shares	'1 year	'	'	'
Shares	'	'	'	'
Outstanding at the beginning of the year (in shares)	'	1,426,338	1,716,932	2,807,682
Granted (in shares)	'	37,352	37,731	84,659
Canceled (in shares)	'	-164,970	-123,183	-329,292
Vested (in shares)	'	-55,796	-205,142	-846,117
Outstanding at the end of the year (in shares)	'	1,242,924	1,426,338	1,716,932
Weighted Average Grant Date Fair Value	'	'	'	'
Outstanding at the beginning of the year (in dollars per share)	'	$14.07	$14.19	$14.24
Granted (in dollars per share)	'	$19.97	$14.89	$14.98
Canceled (in dollars per share)	'	$15.69	$14.89	$14.73
Vested (in dollars per share)	'	$15.15	$14.73	$14.23
Outstanding at the end of the year (in dollars per share)	'	$13.99	$14.07	$14.19
Total fair value of vested awards	'	$3.40	$3.90	$12.10
Minimum	'	'	'	'
Stock-Based Compensation Plans	'	'	'	'
Vesting period of a portion of the shares	'	'2 years	'	'
Maximum	'	'	'	'
Stock-Based Compensation Plans	'	'	'	'
Vesting period of a portion of the shares	'	'5 years	'	'

STOCKBASED_COMPENSATION_PLANS_5

STOCK-BASED COMPENSATION PLANS (Details 5) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other Required Disclosures	'	'	'
Risk-free interest rate (as a percent)	1.71%	0.00%	1.25%
Dividend yield (as a percent)	2.52%	0.00%	2.50%
Expected volatility (as a percent)	32.32%	0.00%	41.16%
Expected life	'6 years 6 months	'0 years	'6 years 6 months
Compensation expense	$23,016	$18,868	$20,059
2014	23,935	'	'
2015	20,335	'	'
2016	16,057	'	'
2017	15,492	'	'
2018	3,420	'	'
Unrecognized compensation expense	79,239	'	'
Stock options | Property management and other costs	'	'	'
Other Required Disclosures	'	'	'
Compensation expense	5,104	3,111	2,975
Stock options | General and administrative	'	'	'
Other Required Disclosures	'	'	'
Compensation expense	10,178	6,282	5,650
Restricted Stock | Property management and other costs	'	'	'
Other Required Disclosures	'	'	'
Compensation expense	1,504	1,553	2,843
Restricted Stock | General and administrative	'	'	'
Other Required Disclosures	'	'	'
Compensation expense	$6,230	$7,922	$8,591

PREPAID_EXPENSES_AND_OTHER_ASS2

PREPAID EXPENSES AND OTHER ASSETS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified
Intangible assets:	'	'	'
Gross Asset	$1,297,921	$1,511,162	'
Accumulated Amortization	-512,429	-449,185	'
Net Carrying Amount	785,492	1,061,977	'
Remaining prepaid expenses and other assets:	'	'	'
Security and escrow deposits	145,999	181,481	'
Prepaid expenses	23,283	54,514	'
Other non-tenant receivables	25,988	12,450	'
Deferred tax, net of valuation allowances	906	902	4,578
Other	13,901	18,141	'
Total remaining Prepaid expenses and other assets	210,077	267,488	'
Total Prepaid expenses and other assets	995,569	1,329,465	'
Above-market tenant leases, net	'	'	'
Intangible assets:	'	'	'
Gross Asset	1,022,398	1,230,117	'
Accumulated Amortization	-478,998	-425,837	'
Net Carrying Amount	543,400	804,280	'
Below-market ground leases, net	'	'	'
Intangible assets:	'	'	'
Gross Asset	164,017	169,539	'
Accumulated Amortization	-13,597	-9,825	'
Net Carrying Amount	150,420	159,714	'
Real estate tax stabilization agreement, net	'	'	'
Intangible assets:	'	'	'
Gross Asset	111,506	111,506	'
Accumulated Amortization	-19,834	-13,523	'
Net Carrying Amount	$91,672	$97,983	'

ACCOUNTS_PAYABLE_AND_ACCRUED_E2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Intangible liabilities:	'	'
Gross Liability	$647,734	$750,902
Accumulated Accretion	-277,526	-256,094
Balance	370,208	494,808
Remaining Accounts payable and accrued expenses:	'	'
Accrued interest	80,409	185,461
Accounts payable and accrued expenses	98,986	160,861
Accrued real estate taxes	92,663	67,581
Deferred gains/income	115,354	98,376
Accrued payroll and other employee liabilities	34,006	34,802
Construction payable	103,988	70,609
Tenant and other deposits	21,434	22,870
Insurance reserve liability	16,643	15,796
Capital lease obligation	12,703	13,292
Conditional asset retirement obligation liability	10,424	12,134
Uncertain tax position liability	5,536	5,873
Other	27,013	29,768
Total remaining Accounts payable and accrued expenses	619,159	717,423
Total Accounts payable and accrued expenses	989,367	1,212,231
Below-market tenant leases, net	'	'
Intangible liabilities:	'	'
Gross Liability	622,710	725,878
Accumulated Accretion	-271,215	-251,896
Balance	351,495	473,982
Above-market office lessee leases, net	'	'
Intangible liabilities:	'	'
Gross Liability	15,268	15,268
Accumulated Accretion	-5,130	-3,393
Balance	10,138	11,875
Above-market ground leases, net	'	'
Intangible liabilities:	'	'
Gross Liability	9,756	9,756
Accumulated Accretion	-1,181	-805
Balance	$8,575	$8,951

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ACCUMULATED OTHER COMPREHENSIVE LOSS	'	'
Net unrealized gains on financial instruments	$124	$129
Foreign currency translation	-38,297	-87,547
Unrealized gains on available-for-sale securities	'	64
Accumulated other comprehensive loss	($38,173)	($87,354)

LITIGATION_Details

LITIGATION (Details) (USD $)	12 Months Ended				12 Months Ended				0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2013	Jun. 22, 2011	Mar. 13, 2013	Dec. 31, 2013	Dec. 31, 2012
	item			Urban Litigation	HHC	Homart Note	Homart Note	Homart Note	2006 Credit Facility	2006 Credit Facility	2006 Credit Facility
Litigation	'	'	'	'	'	'	'	'	'	'	'
Accrued liability	'	'	'	$0	'	'	'	'	'	'	'
Range of loss	'	'	'	0	'	'	'	'	'	'	'
Default Interest	'	'	'	'	'	'	'	'	'	'	'
Principal amount outstanding	'	'	'	'	'	'	254,000,000	'	'	2,600,000,000	'
Outstanding default interest and principal amount	'	'	'	'	'	'	'	246,000,000	'	'	'
Default interest expense	'	'	'	'	'	11,700,000	'	'	'	'	'
Default interest accrued	'	'	'	'	'	'	'	'	'	'	96,100,000
Payment of Litigation Settlement	'	'	'	'	'	'	'	'	97,400,000	'	'
Tax Indemnification Liability	'	'	'	'	'	'	'	'	'	'	'
Successor indemnified percentage of losses of HHC and its subsidiaries	'	'	'	'	93.75%	'	'	'	'	'	'
Maximum amount indemnified, solely to the extent directly attributable to MPC Taxes	'	'	'	'	303,800,000	'	'	'	'	'	'
Number of taxpayers under audit	2	'	'	'	'	'	'	'	'	'	'
Tax indemnification liability	303,586,000	303,750,000	303,800,000	'	'	'	'	'	'	'	'
Accrued interest related to tax indemnification liability	21,600,000	21,600,000	'	'	'	'	'	'	'	'	'
Management's best estimate of aggregate liability	$325,200,000	'	'	'	'	'	'	'	'	'	'
Period during which the entity does not expect to make any potentially significant payments on tax indemnification liability	'12 months	'	'	'	'	'	'	'	'	'	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments and contingencies	'	'	'
Contractual rental expense, including participation rent	$13,568,000	$14,248,000	$13,034,000
Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent	8,750,000	9,188,000	7,886,000
2014	539,127,000	'	'
2015	843,730,000	'	'
2016	1,041,393,000	'	'
2017	895,061,000	'	'
2018	1,936,304,000	'	'
Subsequent/Other	11,381,398,000	'	'
Total	16,637,013,000	'	'
Revolving credit facility, (the "Facility")	'	'	'
Commitments and contingencies	'	'	'
Debt outstanding	51,800,000	'	'
Mortgages, notes and loans payable	'	'	'
Commitments and contingencies	'	'	'
2014	392,982,000	'	'
2015	836,291,000	'	'
2016	1,033,884,000	'	'
2017	887,418,000	'	'
2018	1,928,647,000	'	'
Subsequent/Other	10,593,215,000	'	'
Total	15,672,437,000	'	'
Retained debt-principal	'	'	'
Commitments and contingencies	'	'	'
2014	1,445,000	'	'
2015	1,527,000	'	'
2016	1,598,000	'	'
2017	1,702,000	'	'
2018	1,798,000	'	'
Subsequent/Other	82,485,000	'	'
Total	90,555,000	'	'
Purchase obligations	'	'	'
Commitments and contingencies	'	'	'
2014	138,798,000	'	'
Total	138,798,000	'	'
Ground lease payments	'	'	'
Commitments and contingencies	'	'	'
2014	5,902,000	'	'
2015	5,912,000	'	'
2016	5,911,000	'	'
2017	5,941,000	'	'
2018	5,859,000	'	'
Subsequent/Other	190,376,000	'	'
Total	219,901,000	'	'
Junior Subordinated Notes due 2041	'	'	'
Commitments and contingencies	'	'	'
Subsequent/Other	206,200,000	'	'
Total	206,200,000	'	'
Tax indemnification liability	'	'	'
Commitments and contingencies	'	'	'
Subsequent/Other	303,586,000	'	'
Total	303,586,000	'	'
Uncertain tax position liability	'	'	'
Commitments and contingencies	'	'	'
Subsequent/Other	5,536,000	'	'
Total	$5,536,000	'	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	12 Months Ended		0 Months Ended	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Feb. 14, 2014	Mar. 31, 2014	Feb. 10, 2014
			Subsequent event	Subsequent event	Subsequent event
			Property transferred to a special servicer	Property transferred to a special servicer	Pershing Square
			property
SUBSEQUENT EVENTS	'	'	'	'	'
Number of properties sold	'	'	1	'	'
Gain on extinguishment of debt	($36,479,000)	($15,007,000)	'	$67,000,000	'
Number of shares acquired	'	'	'	'	27,624,282
Purchase price of shares acquired	'	'	'	'	$556,000,000

QUARTERLY_FINANCIAL_INFORMATIO2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) (USD $)	0 Months Ended								3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 28, 2013	Jul. 29, 2013	10-May-13	Feb. 04, 2013	Nov. 20, 2012	Jul. 31, 2012	Apr. 26, 2012	Feb. 23, 2012	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Total revenues	'	'	'	'	'	'	'	'	$681,363	$612,505	$604,410	$629,109	$663,760	$616,038	$597,958	$589,082	$2,527,387	$2,466,838	$2,396,960
Operating income	'	'	'	'	'	'	'	'	237,650	195,707	200,329	198,473	250,857	154,033	190,126	164,547	832,159	759,563	618,386
Income (loss) from continuing operations	'	'	'	'	'	'	'	'	88,243	30,843	215,790	-27,719	-24,219	-148,196	-107,439	-182,202	307,156	-462,056	-193,891
(Loss) income from discontinued operations	'	'	'	'	'	'	'	'	-7,085	12	-1,867	18,983	59,885	-58,410	1,095	-12,047	10,043	-9,477	-112,913
Net income (loss) attributable to common stockholders	'	'	'	'	'	'	'	'	$73,212	$23,499	$205,391	($13,651)	$32,201	($207,886)	($107,933)	($197,615)	$288,450	($481,233)	($313,172)
Basic Earnings (Loss) Per Share:	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Continuing operations (in dollars per share)	'	'	'	'	'	'	'	'	$0.09	$0.03	$0.22	($0.03)	($0.03)	($0.17)	($0.12)	($0.20)	$0.30	($0.51)	($0.21)
Discontinued operations (in dollars per share)	'	'	'	'	'	'	'	'	($0.01)	'	'	$0.02	$0.07	($0.06)	'	($0.01)	$0.01	($0.01)	($0.12)
Diluted Earnings (Loss) Per Share:	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Continuing operations (in dollars per share)	'	'	'	'	'	'	'	'	$0.08	$0.03	$0.21	($0.03)	($0.03)	($0.16)	($0.12)	($0.20)	$0.30	($0.51)	($0.25)
Discontinued operations (in dollars per share)	'	'	'	'	'	'	'	'	($0.01)	'	'	$0.02	$0.07	($0.06)	'	($0.01)	$0.01	($0.01)	($0.12)
Dividends declared per share (in dollars per share)	$0.14	$0.13	$0.12	$0.12	$0.11	$0.11	$0.10	$0.10	$0.14	$0.13	$0.12	$0.12	$0.11	$0.11	$0.10	$0.10	$0.51	$0.42	$0.40
Weighted-average shares outstanding:	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Basic (in shares)	'	'	'	'	'	'	'	'	911,185	932,964	939,434	939,271	938,049	938,316	937,789	937,274	930,643	938,049	943,669
Diluted (in shares)	'	'	'	'	'	'	'	'	960,765	980,767	989,461	939,271	938,049	938,316	937,789	937,274	934,068	938,049	981,136

SCHEDULE_III_REAL_ESTATE_AND_A1

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

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In Thousands, unless otherwise specified

Ala Moana Center

Ala Moana Center

Ala Moana Center

Ala Moana Center

Ala Moana Center

Apache Mall

Apache Mall

Apache Mall

Apache Mall

Apache Mall

Augusta Mall

Augusta Mall

Augusta Mall

Augusta Mall

Augusta Mall

Baybrook Mall

Baybrook Mall

Baybrook Mall

Baybrook Mall

Baybrook Mall

Bayside Marketplace

Bayside Marketplace

Bayside Marketplace

Bayside Marketplace

Bayside Marketplace

Beachwood Place

Beachwood Place

Beachwood Place

Beachwood Place

Beachwood Place

Bellis Fair

Bellis Fair

Bellis Fair

Bellis Fair

Bellis Fair

Boise Towne Square

Boise Towne Square

Boise Towne Square

Boise Towne Square

Boise Towne Square

Brass Mill Center

Brass Mill Center

Brass Mill Center

Brass Mill Center

Brass Mill Center

Coastland Center

Coastland Center

Coastland Center

Coastland Center

Coastland Center

Columbia Mall

Columbia Mall

Columbia Mall

Columbia Mall

Columbia Mall

Columbiana Centre

Columbiana Centre

Columbiana Centre

Columbiana Centre

Columbiana Centre

Coral Ridge Mall

Coral Ridge Mall

Coral Ridge Mall

Coral Ridge Mall

Coral Ridge Mall

Coronado Center

Coronado Center

Coronado Center

Coronado Center

Coronado Center

Crossroads Center

Crossroads Center

Crossroads Center

Crossroads Center

Crossroads Center

Cumberland Mall

Cumberland Mall

Cumberland Mall

Cumberland Mall

Cumberland Mall

Deerbrook Mall

Deerbrook Mall

Deerbrook Mall

Deerbrook Mall

Deerbrook Mall

Eastridge Mall, Casper, WY

Eastridge Mall, Casper, WY

Eastridge Mall, Casper, WY

Eastridge Mall, Casper, WY

Eastridge Mall, Casper, WY

Eastridge Mall, San Jose, CA

Eastridge Mall, San Jose, CA

Eastridge Mall, San Jose, CA

Eastridge Mall, San Jose, CA

Eastridge Mall, San Jose, CA

Fashion Place

Fashion Place

Fashion Place

Fashion Place

Fashion Place

Fashion Show

Fashion Show

Fashion Show

Fashion Show

Fashion Show

Four Seasons Town Centre

Four Seasons Town Centre

Four Seasons Town Centre

Four Seasons Town Centre

Four Seasons Town Centre

Fox River Mall

Fox River Mall

Fox River Mall

Fox River Mall

Fox River Mall

Glenbrook Square

Glenbrook Square

Glenbrook Square

Glenbrook Square

Glenbrook Square

Governor's Square

Governor's Square

Governor's Square

Governor's Square

Governor's Square

Grand Teton Mall

Grand Teton Mall

Grand Teton Mall

Grand Teton Mall

Grand Teton Mall

Greenwood Mall

Greenwood Mall

Greenwood Mall

Greenwood Mall

Greenwood Mall

Hulen Mall

Hulen Mall

Hulen Mall

Hulen Mall

Hulen Mall

Jordan Creek Town Center

Jordan Creek Town Center

Jordan Creek Town Center

Jordan Creek Town Center

Jordan Creek Town Center

Lakeside Mall

Lakeside Mall

Lakeside Mall

Lakeside Mall

Lakeside Mall

Lynnhaven Mall

Lynnhaven Mall

Lynnhaven Mall

Lynnhaven Mall

Lynnhaven Mall

Mall of Louisiana

Mall of Louisiana

Mall of Louisiana

Mall of Louisiana

Mall of Louisiana

Mall St. Matthews

Mall St. Matthews

Mall St. Matthews

Mall St. Matthews

Mall St. Matthews

Market Place Shopping Center

Market Place Shopping Center

Market Place Shopping Center

Market Place Shopping Center

Market Place Shopping Center

Mayfair Mall

Mayfair Mall

Mayfair Mall

Mayfair Mall

Mayfair Mall

Meadows Mall

Meadows Mall

Meadows Mall

Meadows Mall

Meadows Mall

Mondawmin Mall

Mondawmin Mall

Mondawmin Mall

Mondawmin Mall

Mondawmin Mall

Newgate Mall

Newgate Mall

Newgate Mall

Newgate Mall

Newgate Mall

North Point Mall

North Point Mall

North Point Mall

North Point Mall

North Point Mall

North Star Mall

North Star Mall

North Star Mall

North Star Mall

North Star Mall

Northridge Fashion Center

Northridge Fashion Center

Northridge Fashion Center

Northridge Fashion Center

Northridge Fashion Center

NorthTown Mall

NorthTown Mall

NorthTown Mall

NorthTown Mall

NorthTown Mall

Oak View Mall

Oak View Mall

Oak View Mall

Oak View Mall

Oak View Mall

Oakwood Center

Oakwood Center

Oakwood Center

Oakwood Center

Oakwood Center

Oakwood Mall

Oakwood Mall

Oakwood Mall

Oakwood Mall

Oakwood Mall

Oglethorpe Mall

Oglethorpe Mall

Oglethorpe Mall

Oglethorpe Mall

Oglethorpe Mall

Oxmoor Center

Oxmoor Center

Oxmoor Center

Oxmoor Center

Oxmoor Center

Paramus Park

Paramus Park

Paramus Park

Paramus Park

Paramus Park

Park City Center

Park City Center

Park City Center

Park City Center

Park City Center

Park Place

Park Place

Park Place

Park Place

Park Place

Peachtree Mall

Peachtree Mall

Peachtree Mall

Peachtree Mall

Peachtree Mall

Pecanland Mall

Pecanland Mall

Pecanland Mall

Pecanland Mall

Pecanland Mall

Pembroke Lakes Mall

Pembroke Lakes Mall

Pembroke Lakes Mall

Pembroke Lakes Mall

Pembroke Lakes Mall

Pioneer Place

Pioneer Place

Pioneer Place

Pioneer Place

Pioneer Place

Prince Kuhio Plaza

Prince Kuhio Plaza

Prince Kuhio Plaza

Prince Kuhio Plaza

Prince Kuhio Plaza

Providence Place

Providence Place

Providence Place

Providence Place

Providence Place

Provo Towne Centre

Provo Towne Centre

Provo Towne Centre

Provo Towne Centre

Provo Towne Centre

Quail Springs Mall

Quail Springs Mall

Quail Springs Mall

Quail Springs Mall

Quail Springs Mall

Red Cliffs Mall

Red Cliffs Mall

Red Cliffs Mall

Red Cliffs Mall

Red Cliffs Mall

Ridgedale Center

Ridgedale Center

Ridgedale Center

Ridgedale Center

Ridgedale Center

River Hills Mall

River Hills Mall

River Hills Mall

River Hills Mall

River Hills Mall

Rivertown Crossings

Rivertown Crossings

Rivertown Crossings

Rivertown Crossings

Rivertown Crossings

Rogue Valley Mall

Rogue Valley Mall

Rogue Valley Mall

Rogue Valley Mall

Rogue Valley Mall

Sooner Mall

Sooner Mall

Sooner Mall

Sooner Mall

Sooner Mall

Spokane Valley Mall

Spokane Valley Mall

Spokane Valley Mall

Spokane Valley Mall

Spokane Valley Mall

Staten Island Mall

Staten Island Mall

Staten Island Mall

Staten Island Mall

Staten Island Mall

Stonestown Galleria

Stonestown Galleria

Stonestown Galleria

Stonestown Galleria

Stonestown Galleria

The Crossroads

The Crossroads

The Crossroads

The Crossroads

The Crossroads

The Gallery At Harborplace

The Gallery At Harborplace

The Gallery At Harborplace

The Gallery At Harborplace

The Gallery At Harborplace

The Maine Mall

The Maine Mall

The Maine Mall

The Maine Mall

The Maine Mall

The Mall In Columbia

The Mall In Columbia

The Mall In Columbia

The Mall In Columbia

The Mall In Columbia

The Oaks Mall

The Oaks Mall

The Oaks Mall

The Oaks Mall

The Oaks Mall

The Parks at Arlington

The Parks at Arlington

The Parks at Arlington

The Parks at Arlington

The Parks at Arlington

The Shoppes at Buckland

The Shoppes at Buckland

The Shoppes at Buckland

The Shoppes at Buckland

The Shoppes at Buckland

The Shops At Fallen Timbers

The Shops At Fallen Timbers

The Shops At Fallen Timbers

The Shops At Fallen Timbers

The Shops At Fallen Timbers

The Shops At La Cantera

The Shops At La Cantera

The Shops At La Cantera

The Shops At La Cantera

The Shops At La Cantera

The Streets At SouthPoint

The Streets At SouthPoint

The Streets At SouthPoint

The Streets At SouthPoint

The Streets At SouthPoint

The Woodlands Mall

The Woodlands Mall

The Woodlands Mall

The Woodlands Mall

The Woodlands Mall

Town East Mall

Town East Mall

Town East Mall

Town East Mall

Town East Mall

Tucson Mall

Tucson Mall

Tucson Mall

Tucson Mall

Tucson Mall

Tysons Galleria

Tysons Galleria

Tysons Galleria

Tysons Galleria

Tysons Galleria

Valley Plaza Mall

Valley Plaza Mall

Valley Plaza Mall

Valley Plaza Mall

Valley Plaza Mall

Visalia Mall

Visalia Mall

Visalia Mall

Visalia Mall

Visalia Mall

Westlake Center

Westlake Center

Westlake Center

Westlake Center

Westlake Center

Westroads Mall

Westroads Mall

Westroads Mall

Westroads Mall

Westroads Mall

White Marsh Mall

White Marsh Mall

White Marsh Mall

White Marsh Mall

White Marsh Mall

Willowbrook

Willowbrook

Willowbrook

Willowbrook

Willowbrook

Woodbridge Center

Woodbridge Center

Woodbridge Center

Woodbridge Center

Woodbridge Center

Office, other and construction in progress

Office, other and construction in progress

Office, other and construction in progress

Office, other and construction in progress

Office, other and construction in progress

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

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Equipment and fixtures

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Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

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Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

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Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

Buildings and improvements

Buildings and improvements

Equipment and fixtures

Equipment and fixtures

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Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Acquisition Cost

'

'

'

'

'

'

'

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'

'

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'

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'

'

'

'

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'

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'

'

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'

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'

'

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'

'

'

'

'

'

'

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'

'

'

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'

'

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'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Encumbrances

$15,878,637

'

'

'

$1,400,000

'

'

'

'

$97,851

'

'

'

'

$170,000

'

'

'

'

$261,771

'

'

'

'

$1,269

'

'

'

'

$218,222

'

'

'

'

$91,223

'

'

'

'

$144,442

'

'

'

'

$101,588

'

'

'

'

$127,479

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$113,714

'

'

'

'

$148,020

'

'

'

'

$105,941

'

'

'

'

$160,000

'

'

'

'

$148,302

'

'

'

'

'

'

'

'

'

$151,512

'

'

'

'

$226,730

'

'

'

'

$839,913

'

'

'

'

$86,894

'

'

'

'

$180,808

'

'

'

'

$153,041

'

'

'

'

$72,912

'

'

'

'

'

'

'

'

'

$63,000

'

'

'

'

$129,657

'

'

'

'

$220,000

'

'

'

'

$151,162

'

'

'

'

$210,590

'

'

'

'

$223,440

'

'

'

'

$186,662

'

'

'

'

$113,425

'

'

'

'

'

'

'

'

'

$162,936

'

'

'

'

'

'

'

'

'

$58,000

'

'

'

'

$250,000

'

'

'

'

$332,135

'

'

'

'

$241,431

'

'

'

'

'

'

'

'

'

$81,709

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$150,000

'

'

'

'

$91,796

'

'

'

'

$93,390

'

'

'

'

$190,317

'

'

'

'

$192,764

'

'

'

'

$79,859

'

'

'

'

$90,000

'

'

'

'

$260,000

'

'

'

'

'

'

'

'

'

$44,695

'

'

'

'

$408,991

'

'

'

'

$48,321

'

'

'

'

$74,751

'

'

'

'

'

'

'

'

'

$154,737

'

'

'

'

'

'

'

'

'

$163,323

'

'

'

'

$55,000

'

'

'

'

'

'

'

'

'

$61,498

'

'

'

'

$272,089

'

'

'

'

$180,000

'

'

'

'

$100,000

'

'

'

'

$89,212

'

'

'

'

$191,599

'

'

'

'

$350,000

'

'

'

'

$136,504

'

'

'

'

$259,409

'

'

'

'

$126,887

'

'

'

'

'

'

'

'

'

$162,858

'

'

'

'

$260,000

'

'

'

'

$259,727

'

'

'

'

$160,270

'

'

'

'

$246,000

'

'

'

'

$323,641

'

'

'

'

$240,000

'

'

'

'

$74,000

'

'

'

'

$4,255

'

'

'

'

$154,181

'

'

'

'

$190,000

'

'

'

'

$360,000

'

'

'

'

$183,303

'

'

'

'

$1,969,481

'

'

'

'

Land

4,295,891

'

'

'

571,836

'

'

'

'

17,738

'

'

'

'

25,450

'

'

'

'

76,527

'

'

'

'

'

'

'

'

'

59,156

'

'

'

'

14,122

'

'

'

'

44,182

'

'

'

'

31,496

'

'

'

'

24,470

'

'

'

'

7,943

'

'

'

'

22,178

'

'

'

'

20,178

'

'

'

'

28,312

'

'

'

'

15,499

'

'

'

'

36,913

'

'

'

'

36,761

'

'

'

'

5,484

'

'

'

'

30,368

'

'

'

'

24,068

'

'

'

'

564,310

'

'

'

'

17,259

'

'

'

'

42,259

'

'

'

'

30,965

'

'

'

'

18,289

'

'

'

'

13,066

'

'

'

'

12,459

'

'

'

'

8,665

'

'

'

'

54,663

'

'

'

'

36,993

'

'

'

'

54,628

'

'

'

'

88,742

'

'

'

'

42,014

'

'

'

'

21,611

'

'

'

'

84,473

'

'

'

'

30,275

'

'

'

'

19,707

'

'

'

'

17,856

'

'

'

'

57,900

'

'

'

'

91,135

'

'

'

'

66,774

'

'

'

'

12,310

'

'

'

'

20,390

'

'

'

'

21,105

'

'

'

'

13,786

'

'

'

'

27,075

'

'

'

'

'

'

'

'

'

31,320

'

'

'

'

42,451

'

'

'

'

61,907

'

'

'

'

13,855

'

'

'

'

12,943

'

'

'

'

64,883

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17,027

'

'

'

'

40,523

'

'

'

'

6,811

'

'

'

'

39,495

'

'

'

'

16,207

'

'

'

'

47,790

'

'

'

'

9,042

'

'

'

'

9,902

'

'

'

'

16,817

'

'

'

'

102,227

'

'

'

'

65,962

'

'

'

'

20,261

'

'

'

'

15,930

'

'

'

'

36,205

'

'

'

'

124,540

'

'

'

'

21,954

'

'

'

'

19,807

'

'

'

'

35,180

'

'

'

'

3,785

'

'

'

'

80,016

'

'

'

'

66,045

'

'

'

'

84,889

'

'

'

'

9,928

'

'

'

'

2,071

'

'

'

'

90,317

'

'

'

'

38,964

'

'

'

'

11,912

'

'

'

'

19,055

'

'

'

'

32,776

'

'

'

'

43,880

'

'

'

'

110,660

'

'

'

'

67,825

'

'

'

'

199,339

'

'

'

'

Buildings and Improvements

17,795,909

'

'

'

1,738,740

'

'

'

'

116,663

'

'

'

'

137,376

'

'

'

'

288,241

'

'

'

'

198,396

'

'

'

'

196,205

'

'

'

'

102,033

'

'

'

'

163,118

'

'

'

'

99,107

'

'

'

'

166,038

'

'

'

'

107,969

'

'

'

'

125,061

'

'

'

'

134,515

'

'

'

'

153,526

'

'

'

'

103,077

'

'

'

'

138,795

'

'

'

'

133,448

'

'

'

'

36,756

'

'

'

'

135,317

'

'

'

'

232,456

'

'

'

'

627,327

'

'

'

'

126,570

'

'

'

'

217,932

'

'

'

'

147,002

'

'

'

'

123,088

'

'

'

'

59,658

'

'

'

'

85,370

'

'

'

'

112,252

'

'

'

'

262,608

'

'

'

'

130,460

'

'

'

'

219,013

'

'

'

'

319,097

'

'

'

'

155,809

'

'

'

'

111,515

'

'

'

'

352,140

'

'

'

'

136,846

'

'

'

'

63,348

'

'

'

'

70,318

'

'

'

'

228,517

'

'

'

'

392,422

'

'

'

'

238,023

'

'

'

'

108,857

'

'

'

'

107,216

'

'

'

'

74,228

'

'

'

'

92,114

'

'

'

'

157,100

'

'

'

'

117,814

'

'

'

'

102,054

'

'

'

'

195,409

'

'

'

'

236,019

'

'

'

'

92,143

'

'

'

'

73,231

'

'

'

'

254,910

'

'

'

'

97,096

'

'

'

'

52,373

'

'

'

'

400,893

'

'

'

'

75,871

'

'

'

'

149,571

'

'

'

'

33,930

'

'

'

'

151,090

'

'

'

'

85,608

'

'

'

'

181,770

'

'

'

'

61,558

'

'

'

'

69,570

'

'

'

'

100,209

'

'

'

'

375,612

'

'

'

'

203,043

'

'

'

'

95,463

'

'

'

'

112,117

'

'

'

'

238,067

'

'

'

'

479,171

'

'

'

'

173,353

'

'

'

'

299,708

'

'

'

'

146,474

'

'

'

'

31,771

'

'

'

'

350,737

'

'

'

'

242,189

'

'

'

'

349,315

'

'

'

'

168,555

'

'

'

'

193,815

'

'

'

'

351,005

'

'

'

'

211,930

'

'

'

'

80,185

'

'

'

'

129,295

'

'

'

'

184,253

'

'

'

'

177,194

'

'

'

'

419,822

'

'

'

'

242,744

'

'

'

'

783,305

'

'

'

'

Costs Capitalized Subsequent to Acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land

24,706

'

'

'

954

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-154

'

'

'

'

'

'

'

'

'

2,219

'

'

'

'

4,545

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-3,127

'

'

'

'

2,079

'

'

'

'

8,635

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,444

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-226

'

'

'

'

'

'

'

'

'

-90

'

'

'

'

'

'

'

'

'

-5,981

'

'

'

'

'

'

'

'

'

-79

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

943

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,108

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,110

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

49

'

'

'

'

'

'

'

'

'

-16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,291

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-14,819

'

'

'

'

'

'

'

'

'

4,125

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,696

'

'

'

'

Buildings and Improvements

881,769

'

'

'

12,357

'

'

'

'

1,836

'

'

'

'

6,177

'

'

'

'

3,200

'

'

'

'

2,607

'

'

'

'

2,222

'

'

'

'

20,337

'

'

'

'

6,893

'

'

'

'

658

'

'

'

'

1,295

'

'

'

'

-1,141

'

'

'

'

-994

'

'

'

'

14,367

'

'

'

'

20,815

'

'

'

'

877

'

'

'

'

4,284

'

'

'

'

2,307

'

'

'

'

6,762

'

'

'

'

1,879

'

'

'

'

52,076

'

'

'

'

47,263

'

'

'

'

3,529

'

'

'

'

3,341

'

'

'

'

15,066

'

'

'

'

1,716

'

'

'

'

957

'

'

'

'

2,435

'

'

'

'

14,560

'

'

'

'

3,024

'

'

'

'

2,225

'

'

'

'

10,139

'

'

'

'

-36

'

'

'

'

7,973

'

'

'

'

2,035

'

'

'

'

-1,342

'

'

'

'

764

'

'

'

'

15,141

'

'

'

'

7,665

'

'

'

'

9,045

'

'

'

'

5,249

'

'

'

'

27,440

'

'

'

'

393

'

'

'

'

324

'

'

'

'

17,714

'

'

'

'

4,399

'

'

'

'

-154

'

'

'

'

9,275

'

'

'

'

4,323

'

'

'

'

1,788

'

'

'

'

1,185

'

'

'

'

1,787

'

'

'

'

7,301

'

'

'

'

-9,947

'

'

'

'

2,475

'

'

'

'

3,953

'

'

'

'

5,433

'

'

'

'

-9,647

'

'

'

'

322

'

'

'

'

1,248

'

'

'

'

4,910

'

'

'

'

1,656

'

'

'

'

2,685

'

'

'

'

1,813

'

'

'

'

2,172

'

'

'

'

-7,996

'

'

'

'

1,064

'

'

'

'

7,887

'

'

'

'

2,478

'

'

'

'

5,281

'

'

'

'

10,366

'

'

'

'

4,348

'

'

'

'

-3,327

'

'

'

'

11,508

'

'

'

'

-1,302

'

'

'

'

2,005

'

'

'

'

25,168

'

'

'

'

-211

'

'

'

'

2,310

'

'

'

'

3,465

'

'

'

'

92,832

'

'

'

'

3,016

'

'

'

'

-1,112

'

'

'

'

1,129

'

'

'

'

-93,252

'

'

'

'

3,439

'

'

'

'

5,631

'

'

'

'

626

'

'

'

'

21,577

'

'

'

'

392,428

'

'

'

'

Gross Amounts at Which Carried at Close of Period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Land

4,320,597

'

'

'

572,790

'

'

'

'

17,738

'

'

'

'

25,450

'

'

'

'

76,527

'

'

'

'

'

'

'

'

'

59,156

'

'

'

'

14,122

'

'

'

'

44,182

'

'

'

'

31,496

'

'

'

'

24,470

'

'

'

'

7,789

'

'

'

'

22,178

'

'

'

'

22,397

'

'

'

'

32,857

'

'

'

'

15,499

'

'

'

'

36,913

'

'

'

'

36,761

'

'

'

'

5,484

'

'

'

'

27,241

'

'

'

'

26,147

'

'

'

'

572,945

'

'

'

'

17,259

'

'

'

'

42,259

'

'

'

'

33,409

'

'

'

'

18,289

'

'

'

'

13,066

'

'

'

'

12,459

'

'

'

'

8,665

'

'

'

'

54,437

'

'

'

'

36,993

'

'

'

'

54,538

'

'

'

'

88,742

'

'

'

'

36,033

'

'

'

'

21,611

'

'

'

'

84,394

'

'

'

'

30,275

'

'

'

'

19,707

'

'

'

'

17,856

'

'

'

'

57,900

'

'

'

'

91,135

'

'

'

'

66,774

'

'

'

'

12,310

'

'

'

'

20,390

'

'

'

'

21,105

'

'

'

'

13,786

'

'

'

'

27,075

'

'

'

'

'

'

'

'

'

31,320

'

'

'

'

42,451

'

'

'

'

61,907

'

'

'

'

13,855

'

'

'

'

12,943

'

'

'

'

64,883

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17,970

'

'

'

'

40,523

'

'

'

'

6,811

'

'

'

'

40,603

'

'

'

'

16,207

'

'

'

'

47,790

'

'

'

'

9,042

'

'

'

'

9,902

'

'

'

'

16,817

'

'

'

'

102,227

'

'

'

'

65,962

'

'

'

'

21,371

'

'

'

'

15,930

'

'

'

'

36,205

'

'

'

'

124,540

'

'

'

'

21,954

'

'

'

'

19,856

'

'

'

'

35,180

'

'

'

'

3,769

'

'

'

'

80,016

'

'

'

'

66,045

'

'

'

'

87,180

'

'

'

'

9,928

'

'

'

'

2,071

'

'

'

'

90,317

'

'

'

'

38,964

'

'

'

'

11,912

'

'

'

'

4,236

'

'

'

'

32,776

'

'

'

'

48,005

'

'

'

'

110,660

'

'

'

'

67,825

'

'

'

'

218,035

'

'

'

'

Buildings and Improvements

18,677,678

'

'

'

1,751,097

'

'

'

'

118,499

'

'

'

'

143,553

'

'

'

'

291,441

'

'

'

'

201,003

'

'

'

'

198,427

'

'

'

'

122,370

'

'

'

'

170,011

'

'

'

'

99,765

'

'

'

'

167,333

'

'

'

'

106,828

'

'

'

'

124,067

'

'

'

'

148,882

'

'

'

'

174,341

'

'

'

'

103,954

'

'

'

'

143,079

'

'

'

'

135,755

'

'

'

'

43,518

'

'

'

'

137,196

'

'

'

'

284,532

'

'

'

'

674,590

'

'

'

'

130,099

'

'

'

'

221,273

'

'

'

'

162,068

'

'

'

'

124,804

'

'

'

'

60,615

'

'

'

'

87,805

'

'

'

'

126,812

'

'

'

'

265,632

'

'

'

'

132,685

'

'

'

'

229,152

'

'

'

'

319,061

'

'

'

'

163,782

'

'

'

'

113,550

'

'

'

'

350,798

'

'

'

'

137,610

'

'

'

'

78,489

'

'

'

'

77,983

'

'

'

'

237,562

'

'

'

'

397,671

'

'

'

'

265,463

'

'

'

'

109,250

'

'

'

'

107,540

'

'

'

'

91,942

'

'

'

'

96,513

'

'

'

'

156,946

'

'

'

'

127,089

'

'

'

'

106,377

'

'

'

'

197,197

'

'

'

'

237,204

'

'

'

'

93,930

'

'

'

'

80,532

'

'

'

'

244,963

'

'

'

'

99,571

'

'

'

'

56,326

'

'

'

'

406,326

'

'

'

'

66,224

'

'

'

'

149,893

'

'

'

'

35,178

'

'

'

'

156,000

'

'

'

'

87,264

'

'

'

'

184,455

'

'

'

'

63,371

'

'

'

'

71,742

'

'

'

'

92,213

'

'

'

'

376,676

'

'

'

'

210,930

'

'

'

'

97,941

'

'

'

'

117,398

'

'

'

'

248,433

'

'

'

'

483,519

'

'

'

'

170,026

'

'

'

'

311,216

'

'

'

'

145,172

'

'

'

'

33,776

'

'

'

'

375,905

'

'

'

'

241,978

'

'

'

'

351,625

'

'

'

'

172,020

'

'

'

'

286,647

'

'

'

'

354,021

'

'

'

'

210,818

'

'

'

'

81,314

'

'

'

'

36,043

'

'

'

'

187,692

'

'

'

'

182,825

'

'

'

'

420,448

'

'

'

'

264,321

'

'

'

'

1,175,733

'

'

'

'

Total

22,998,275

23,461,858

24,597,501

25,140,166

2,323,887

'

'

'

'

136,237

'

'

'

'

169,003

'

'

'

'

367,968

'

'

'

'

201,003

'

'

'

'

257,583

'

'

'

'

136,492

'

'

'

'

214,193

'

'

'

'

131,261

'

'

'

'

191,803

'

'

'

'

114,617

'

'

'

'

146,245

'

'

'

'

171,279

'

'

'

'

207,198

'

'

'

'

119,453

'

'

'

'

179,992

'

'

'

'

172,516

'

'

'

'

49,002

'

'

'

'

164,437

'

'

'

'

310,679

'

'

'

'

1,247,535

'

'

'

'

147,358

'

'

'

'

263,532

'

'

'

'

195,477

'

'

'

'

143,093

'

'

'

'

73,681

'

'

'

'

100,264

'

'

'

'

135,477

'

'

'

'

320,069

'

'

'

'

169,678

'

'

'

'

283,690

'

'

'

'

407,803

'

'

'

'

199,815

'

'

'

'

135,161

'

'

'

'

435,192

'

'

'

'

167,885

'

'

'

'

98,196

'

'

'

'

95,839

'

'

'

'

295,462

'

'

'

'

488,806

'

'

'

'

332,237

'

'

'

'

121,560

'

'

'

'

127,930

'

'

'

'

113,047

'

'

'

'

110,299

'

'

'

'

184,021

'

'

'

'

127,089

'

'

'

'

137,697

'

'

'

'

239,648

'

'

'

'

299,111

'

'

'

'

107,785

'

'

'

'

93,475

'

'

'

'

309,846

'

'

'

'

99,571

'

'

'

'

56,326

'

'

'

'

406,326

'

'

'

'

84,194

'

'

'

'

190,416

'

'

'

'

41,989

'

'

'

'

196,603

'

'

'

'

103,471

'

'

'

'

232,245

'

'

'

'

72,413

'

'

'

'

81,644

'

'

'

'

109,030

'

'

'

'

478,903

'

'

'

'

276,892

'

'

'

'

119,312

'

'

'

'

133,328

'

'

'

'

284,638

'

'

'

'

608,059

'

'

'

'

191,980

'

'

'

'

331,072

'

'

'

'

180,352

'

'

'

'

37,545

'

'

'

'

455,921

'

'

'

'

308,023

'

'

'

'

438,805

'

'

'

'

181,948

'

'

'

'

288,718

'

'

'

'

444,338

'

'

'

'

249,782

'

'

'

'

93,226

'

'

'

'

40,279

'

'

'

'

220,468

'

'

'

'

230,830

'

'

'

'

531,108

'

'

'

'

332,146

'

'

'

'

1,393,768

'

'

'

'

Accumulated Depreciation

$1,884,861

$1,440,301

$974,185

$129,794

$164,383

'

'

'

'

$12,713

'

'

'

'

$17,954

'

'

'

'

$27,998

'

'

'

'

$33,602

'

'

'

'

$19,002

'

'

'

'

$12,316

'

'

'

'

$17,555

'

'

'

'

$13,274

'

'

'

'

$17,470

'

'

'

'

$11,718

'

'

'

'

$15,291

'

'

'

'

$16,355

'

'

'

'

$16,527

'

'

'

'

$11,385

'

'

'

'

$17,099

'

'

'

'

$15,154

'

'

'

'

$5,733

'

'

'

'

$16,381

'

'

'

'

$26,736

'

'

'

'

$68,216

'

'

'

'

$13,524

'

'

'

'

$21,382

'

'

'

'

$15,778

'

'

'

'

$19,572

'

'

'

'

$7,423

'

'

'

'

$11,182

'

'

'

'

$12,358

'

'

'

'

$30,274

'

'

'

'

$14,462

'

'

'

'

$24,621

'

'

'

'

$28,921

'

'

'

'

$16,435

'

'

'

'

$11,739

'

'

'

'

$33,360

'

'

'

'

$14,219

'

'

'

'

$8,821

'

'

'

'

$11,654

'

'

'

'

$31,430

'

'

'

'

$35,469

'

'

'

'

$25,752

'

'

'

'

$11,690

'

'

'

'

$11,256

'

'

'

'

$8,460

'

'

'

'

$10,617

'

'

'

'

$16,491

'

'

'

'

$11,934

'

'

'

'

$12,490

'

'

'

'

$19,076

'

'

'

'

$22,075

'

'

'

'

$12,158

'

'

'

'

$9,905

'

'

'

'

$25,335

'

'

'

'

$7,727

'

'

'

'

$7,610

'

'

'

'

$36,004

'

'

'

'

$12,626

'

'

'

'

$3,816

'

'

'

'

$5,170

'

'

'

'

$14,066

'

'

'

'

$9,337

'

'

'

'

$18,723

'

'

'

'

$5,737

'

'

'

'

$8,017

'

'

'

'

$10,937

'

'

'

'

$40,459

'

'

'

'

$19,934

'

'

'

'

$10,430

'

'

'

'

$13,412

'

'

'

'

$24,268

'

'

'

'

$41,870

'

'

'

'

$13,295

'

'

'

'

$28,401

'

'

'

'

$16,286

'

'

'

'

$5,858

'

'

'

'

$40,430

'

'

'

'

$23,757

'

'

'

'

$33,774

'

'

'

'

$16,527

'

'

'

'

$40,341

'

'

'

'

$29,512

'

'

'

'

$21,540

'

'

'

'

$8,088

'

'

'

'

$3,743

'

'

'

'

$12,762

'

'

'

'

$19,320

'

'

'

'

$42,005

'

'

'

'

$31,385

'

'

'

'

$90,969

'

'

'

'

Life Upon Which Latest Income Statement is Computed

'

'

'

'

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

'

'10 years

'45 years

'3 years

'20 years

SCHEDULE_III_REAL_ESTATE_AND_A2

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation of Real Estate	'	'	'
Balance at beginning of period	$23,461,858	$24,597,501	$25,140,166
Additions	1,049,417	1,034,439	383,001
Impairments	-18,361	-131,156	-63,910
Dispositions and write-offs	-1,494,639	-2,038,926	-861,756
Balance at end of period	22,998,275	23,461,858	24,597,501
Reconciliation of Accumulated Depreciation	'	'	'
Balance at beginning of period	1,440,301	974,185	129,794
Depreciation expense	737,565	775,768	942,661
Dispositions and write-offs	-293,005	-309,652	-98,270
Balance at end of period	$1,884,861	$1,440,301	$974,185