Brookfield Property REIT (BPYU) 10-K 22 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Feb. 17, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	GGP Inc.
Entity Central Index Key	1,496,048
Document Type	10-K
Document Period End Date	Dec. 31, 2016
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			$ 18.6
Entity Common Stock, Shares Outstanding		884,947,944
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Investment in real estate:
Land	$ 3,066,019	$ 3,596,354
Buildings and equipment	16,091,582	16,379,789
Less accumulated depreciation	(2,737,286)	(2,452,127)
Construction in progress	251,616	308,903
Net property and equipment	16,671,931	17,832,919
Investment in Unconsolidated Real Estate Affiliates	3,868,993	3,506,040
Net investment in real estate	20,540,924	21,338,959
Cash and cash equivalents	474,757	356,895
Accounts receivable, net	322,196	336,572
Notes receivable, net	678,496	641,445
Deferred expenses, net	209,852	214,578
Assets held for disposition	506,521	968,873
Assets held for disposition	0	216,233
Total assets	22,732,746	24,073,555
Liabilities:
Mortgages, notes and loans payable	12,430,418	14,216,160
Investment in Unconsolidated Real Estate Affiliates	39,506	38,488
Accounts payable and accrued expenses	655,362	784,493
Dividend payable	433,961	172,070
Deferred tax liabilities	3,843	1,289
Liabilities held for disposition	206,200	206,200
Liabilities held for disposition	0	58,934
Total liabilities	13,769,290	15,477,634
Redeemable noncontrolling interests:
Preferred	144,060	157,903
Common	118,667	129,724
Total redeemable noncontrolling interests	262,727	287,627
Commitments and Contingencies	0	0
Equity:
Common stock: 11,000,000,000 shares authorized, $0.01 par value, 968,153,526 issued, 884,097,680 outstanding as of December 31, 2016, and 966,096,656 issued and 882,397,202 outstanding as of December 31, 2015	9,407	9,386
Preferred Stock: 500,000,000 shares authorized, $.01 par value, 10,000,000 shares issued and outstanding as of December 31, 2014 and 2013	242,042	242,042
Additional paid-in capital	11,417,597	11,362,369
Retained earnings (accumulated deficit)	(1,824,866)	(2,141,549)
Accumulated other comprehensive loss	(70,456)	(72,804)
Common stock in treasury, at cost, 56,596,651 shares as of December 31, 2016 and 56,240,259 shares as of December 31, 2015	(1,137,960)	(1,129,401)
Total stockholders' equity	8,635,764	8,270,043
Noncontrolling Interest in Variable Interest Entity	33,583	24,712
Noncontrolling interests related to long-term incentive plan common units	31,382	13,539
Total equity	8,700,729	8,308,294
Total liabilities and equity	$ 22,732,746	$ 24,073,555

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
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	968,153,526	966,096,656
Common stock, shares outstanding	884,097,680	882,397,202
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	10,000,000
Preferred Stock, shares outstanding	10,000,000	10,000,000
Common stock in treasury, shares	56,596,651	56,240,259

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Minimum rents	$ 1,449,704	$ 1,481,614	$ 1,583,695
Tenant recoveries	668,081	689,536	739,411
Overage rents	42,534	44,024	51,611
Management fees and other corporate revenues	95,814	86,595	70,887
Other	90,313	102,137	89,955
Total revenues	2,346,446	2,403,906	2,535,559
Expenses:
Real estate taxes	229,635	222,883	227,992
Property maintenance costs	55,027	60,040	66,897
Marketing	13,155	21,958	24,654
Other property operating costs	282,591	302,797	333,620
Provision for doubtful accounts	8,038	8,081	8,055
Provision for loan loss	29,615	0	0
Property management and other costs	138,602	161,556	155,093
General and administrative	55,745	50,405	64,051
Provision for impairment	73,039	8,604	5,278
Depreciation and amortization	660,746	643,689	708,406
Total expenses	1,546,193	1,480,013	1,594,046
Operating income	800,253	923,893	941,513
Interest and dividend income	59,960	49,254	28,613
Interest expense	(571,200)	(607,675)	(699,285)
Gain (loss) on foreign currency	14,087	(44,984)	(18,048)
Gains from changes in control of investment properties and other, net	722,904	634,367	91,193
Income before income taxes, equity in income of Unconsolidated Real Estate Affiliates, discontinued operations and allocation to noncontrolling interests	1,026,004	954,855	343,986
(Provision for) benefit from income taxes	(901)	38,334	(7,253)
Equity in income of Unconsolidated Real Estate Affiliates	231,615	73,390	51,568
Unconsolidated Real Estate Affiliates - gain on investment	51,555	327,017	9,710
Income from continuing operations	1,308,273	1,393,596	398,011
Discontinued operations:
Income from discontinued operations, including gains on dispositions	0	0	137,989
Gain on extinguishment of tax indemnification liability	0	0	77,215
Gain on extinguishment of debt	0	0	66,679
Discontinued operations, net	0	0	281,883
Net income	1,308,273	1,393,596	679,894
Allocation to noncontrolling interests	(19,906)	(19,035)	(14,044)
Net income attributable to GGP Inc.	1,288,367	1,374,561	665,850
Preferred Stock dividends	(15,935)	(15,937)	(15,936)
Net income attributable to common stockholders	$ 1,272,432	$ 1,358,624	$ 649,914
Basic Earnings (Loss) Per Share:
Continuing operations (in dollars per share)	$ 1.44	$ 1.54	$ 0.42
Discontinued operations (in dollars per share)	0	0	0.32
Total basic earnings per share	1.44	1.54	0.74
Diluted Earnings (Loss) Per Share:
Continuing operations (in dollars per share)	1.34	1.43	0.39
Discontinued operations (in dollars per share)	0	0	0.30
Total diluted earnings per share	$ 1.34	$ 1.43	$ 0.69
Comprehensive Income (Loss), Net:
Net income	$ 1,308,273	$ 1,393,596	$ 679,894
Other comprehensive income (loss):
Foreign currency translation	14,319	(33,292)	(13,604)
Reclassification adjustment for realized gains on available-for-sale securities included in net income	(11,978)	11,978	0
Net unrealized gains (losses) on other financial instruments	5	30	(54)
Other comprehensive (loss) income	2,346	(21,284)	(13,658)
Comprehensive income	1,310,619	1,372,312	666,236
Comprehensive income allocated to noncontrolling interests	(19,904)	(18,802)	(13,966)
Comprehensive income attributable to GGP Inc.	1,290,715	1,353,510	652,270
Preferred stock dividends	(15,935)	(15,937)	(15,936)
Comprehensive income, net, attributable to common stockholders	$ 1,274,780	$ 1,337,573	$ 636,334

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	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 and Long Term Incentive Plan Common Units
Balance at beginning 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
Increase (Decrease) in Shareholders' Equity
Net income	667,701				665,850			1,851
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	(4,392)							(4,392)
Restricted stock grants, net of forfeitures	2,496	0		2,496
Employee stock purchase program	2,952	1		2,951
Stock option grants, net of forfeitures	40,726	12		40,714
Treasury stock purchases	(555,801)						(555,801)
Cash dividends reinvested (DRIP) in stock	506	1		505
Other comprehensive income (loss)	(13,580)					(13,580)
Cash distributions declared	(556,931)				(556,931)
Cash distributions on Preferred Stock	(15,936)				(15,936)
Fair value adjustment for noncontrolling interest in Operating Partnership	3,169			3,169
Fair value adjustment for noncontrolling interest in GGPOP and other	(70,653)			(70,653)
Balance at end of year at Dec. 31, 2014	7,685,520	9,409	242,042	11,351,625	(2,822,740)	(51,753)	(1,122,664)	79,601
Increase (Decrease) in Shareholders' Equity
Net income	1,377,246				1,374,561			2,685
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	(55,050)							(55,050)
Long Term Incentive Plan Common Unit grants, net	11,015
Restricted stock grants, net of forfeitures	3,440	2		3,438
Employee stock purchase program	3,250	1		3,249
Stock option grants, net of forfeitures	42,616	14		42,602
Cancellation of repurchased common shares	0	(40)		(52,871)	(49,922)		102,833
Treasury stock purchases	(109,570)						(109,570)
Cash dividends reinvested (DRIP) in stock	487			487
Other comprehensive income (loss)	(21,051)					(21,051)
Cash distributions declared	(627,511)				(627,511)
Cash distributions on Preferred Stock	(15,937)				(15,937)
Fair value adjustment for noncontrolling interest in Operating Partnership	13,839			13,839
Balance at end of year at Dec. 31, 2015	8,308,294	9,386	242,042	11,362,369	(2,141,549)	(72,804)	(1,129,401)	38,251
Increase (Decrease) in Shareholders' Equity
Net income	1,292,542				1,288,367			4,175
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	(3,358)							(3,358)
Long Term Incentive Plan Common Unit grants, net	14,078			104	(950)			14,924
Restricted stock grants, net of forfeitures	3,320	3		3,317
Employee stock purchase program	4,206	0		4,206
Stock option grants, net of forfeitures	58,405	31		58,374
Cancellation of repurchased common shares	0	(15)		(19,846)	(17,805)		37,666
OP Unit Conversion to Common Stock	5,427	2		5,425
Acquisition/disposition of partner's NCI	(21,386)			(18,416)				(2,970)
Contributions to noncontrolling interest in consolidated Real Estate Affiliates	13,943							13,943
Treasury stock purchases	(46,225)						(46,225)
Cash dividends reinvested (DRIP) in stock	674			889	(215)
Other comprehensive income (loss)	14,242					14,242
Amounts reclassified from Accumulated Other Comprehensive Income	(11,894)					(11,894)
Cash distributions declared	(936,779)				(936,779)
Cash distributions on Preferred Stock	(15,935)				(15,935)
Fair value adjustment for noncontrolling interest in Operating Partnership	21,175			21,175
Balance at end of year at Dec. 31, 2016	$ 8,700,729	$ 9,407	$ 242,042	$ 11,417,597	$ (1,824,866)	$ (70,456)	$ (1,137,960)	$ 64,965

CONSOLIDATED STATEMENTS OF EQU6

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
LTIPUnitsIssuedDuringPeriodLTIPUnitAwardNetOfForfeitures	61,358	1,645,901	0
Restricted stock grants, forfeitures, shares	342,037	216,640	16,112
Employee stock purchase program, shares	126,825	137,247	138,446
Stock option grants, forfeitures, shares	2,886,986	1,432,250	1,164,945
Op Unit Conversion to Common Stock, shares	200,000
Stock Repurchased and Retired During Period, Shares	1,887,751	4,324,489	27,624,282
Treasury stock purchases, shares	1,260,490	4,053,620	0
Cash dividends reinvested (DRIP) in stock, shares	32,381	23,542	22,186
Cash distributions declared (in dollars per share)	$ 1.06	$ 0.71	$ 0.63

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flows provided by Operating Activities:
Net income	$ 1,308,273	$ 1,393,596	$ 679,894
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income of Unconsolidated Real Estate Affiliates	(231,615)	(73,390)	(51,568)
Distributions received from Unconsolidated Real Estate Affiliates	120,674	87,138	46,463
Provision for doubtful accounts	8,038	8,081	8,151
Depreciation and amortization	660,746	643,689	718,064
Amortization/write-off of deferred finance costs	11,876	11,607	13,621
Accretion/write-off of debt market rate adjustments	(5,184)	13,171	13,442
Amortization of intangibles other than in-place leases	41,154	62,106	76,615
Straight-line rent amortization	(11,867)	(27,809)	(48,935)
Deferred income taxes	15,353	(42,136)	(5,615)
Litigation loss	0	0	17,854
Gain on dispositions, net	(37,526)	(30,669)	(131,849)
Unconsolidated Real Estate Affiliates—gain on investment, net	(51,555)	(327,017)	(9,710)
Gains from changes in control of investment properties and other	(722,904)	(634,367)	(91,193)
Loss (gain) on extinguishment of debt	5,403	0	(66,679)
Provisions for impairment	73,039	8,604	5,278
Provision for loan loss	29,615	0	0
(Gain) loss on foreign currency	(14,087)	44,984	18,048
Cash paid for extinguishment of tax indemnification liability	0	0	(138,000)
Gain on extinguishment of tax indemnification liability	0	0	(77,215)
Net changes:
Accounts and notes receivable, net	(37,489)	(30,116)	(19,613)
Prepaid expenses and other assets	(4,092)	(24,381)	(28,966)
Deferred expenses, net	(27,888)	(42,708)	(24,234)
Restricted cash	(3,306)	(3,698)	(1,070)
Accounts payable and accrued expenses	(27,924)	(4,858)	21,703
Other, net	34,111	33,061	25,238
Net cash provided by operating activities	1,132,845	1,064,888	949,724
Cash Flows provided by (used in) Investing Activities:
Acquisition of real estate and property additions	(577,845)	(384,270)	(537,357)
Development of real estate and property improvements	(547,447)	(694,621)	(624,829)
Distributions received from Unconsolidated Real Estate Affiliates in excess of income	82,800	145,461	387,234
Loans to joint venture partners	(59,769)	(328,819)	(137,070)
Proceeds from repayment of loans to joint venture partners	13,042	0	0
Proceeds from sales of investment properties and Unconsolidated Real Estate Affiliates	1,699,466	1,155,765	361,183
Contributions to Unconsolidated Real Estate Affiliates	(135,906)	(173,704)	(130,500)
Sale (acquisition) of marketable securities	46,408	(33,300)	0
Decrease in restricted cash	28,580	733	3,414
Other, net	662	0	0
Net cash provided by (used in) investing activities	549,991	(312,755)	(677,925)
Cash Flows used in Financing Activities:
Proceeds from refinancing/issuance of mortgages, notes and loans payable	908,479	1,837,440	2,401,407
Principal payments on mortgages, notes and loans payable	(1,743,216)	(1,831,624)	(1,760,032)
Deferred finance costs	(13,771)	(7,095)	(21,264)
Treasury stock purchases	(34,021)	(109,570)	(555,801)
Cash distributions paid to common stockholders	(680,712)	(610,554)	(534,151)
Cash distributions to noncontrolling interests in consolidated real estate affiliates	(24,445)	(55,050)	(4,392)
Cash distributions reinvested (DRIP) in common stock	889	658	506
Cash distributions paid to preferred stockholders	(15,935)	(15,937)	(15,936)
Cash distributions and redemptions paid to holders of common units	(5,545)	(950)	(718)
Other, net	43,303	24,973	13,782
Net cash used in financing activities	(1,564,974)	(767,709)	(476,599)
Net change in cash and cash equivalents	117,862	(15,576)	(204,800)
Cash and cash equivalents at beginning of year	356,895	372,471	577,271
Cash and cash equivalents at end of year	$ 474,757	$ 356,895	$ 372,471

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS (Supplemental) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplemental Disclosure of Cash Flow Information:
Interest paid	$ 567,137	$ 602,495	$ 688,297
Interest capitalized	5,257	12,752	16,665
Income taxes paid	4,150	14,286	10,202
Accrued capital expenditures included in accounts payable and accrued expenses	115,077	158,027	198,471
HHC
Settlement of Tax indemnification liability:
Liability extinguished	0	0	(321,958)
Columbia office properties
Settlement of Tax indemnification liability:
Assets	0	0	106,743
Regional Mall Sold
Non Cash Sale of Property
Assets	0	0	21,426
Liabilities and equity	$ 0	$ 0	$ (21,426)

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION GGP 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". On January 17, 2017, General Growth Properties, Inc. announced that effective January 27, 2017, the Company changed its name from General Growth Properties, Inc. to GGP Inc. In these notes, the terms "we," "us" and "our" refer to GGP and its subsidiaries. GGP, through its subsidiaries and affiliates, is an owner and operator of retail properties. As of December 31, 2016 , we are the owner, either entirely or with joint venture partners of 127 retail properties. Substantially all of our business is conducted through GGP Operating Partnership, LP ("GGPOP"), GGP Nimbus, LP ("GGPN") and GGP Limited Partnership ("GGPLP", and together with GGPN and GGPOP, the "Operating Partnerships"), subsidiaries of GGP. The Operating Partnerships own an interest in the properties that are part of the consolidated financial statements of GGP. As of December 31, 2016 , GGP held approximately a 99% common equity ownership (without giving effect to the potential conversion of the Preferred Units and LTIP Units as defined below) of the Operating Partnerships, while the remaining 1% was held by limited partners and certain previous contributors of properties to the Operating Partnerships or their predecessors. GGPOP is the general partner of, and owns a 1.5% equity interest in GGPN and GGPLP. GGPOP 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 ( Note 11 ). GGPOP has full value long term incentive plan units and appreciation only long term incentive plan units (collectively "LTIP Units"), which are redeemable for cash or, at our option, shares of GGP common stock ( Note 13 ). In addition to holding ownership interests in various joint ventures, the Operating Partnerships generally conduct their operations through General Growth Management, Inc. ("GGMI"), General Growth Services, Inc. ("GGSI") and GGPLP REIT Services, LLC ("GGPRS"). GGMI and GGSI are taxable REIT subsidiaries ("TRS"s), which provide management, leasing, tenant coordination, business development, marketing, strategic partnership and other services for a majority of our Unconsolidated Real Estate Affiliates (defined below) and for substantially all of our Consolidated Properties, as defined below. GGSI also serves as a contractor to GGMI for these services. GGPRS generally provides financial, accounting, tax, legal, development, and other services to our Consolidated Properties. We refer to our ownership interests in properties in which we own a majority or controlling interest and 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 ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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. Noncontrolling interests are included on our Consolidated Balance Sheets related to the Common, Preferred, and LTIP Units of GGPOP and are presented either as redeemable noncontrolling interests or as noncontrolling interests in our permanent equity. E ach of the Operating Partnerships are variable interest entities as the limited partners do not have substantive kick-out rights or substantive participating rights. However, as the Company holds a majority voting interest in the Operating Partnerships, it qualifies for the exemption from providing certain of the disclosure requirements associated with variable interest entities. 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. The Company's chief operating decision maker is comprised of a team of several members of executive management who use Company NOI in assessing segment operating performance. We do not distinguish or group our consolidated operations based on geography, size or type for purposes of making property operating decisions. Our operating properties have similar economic characteristics and provide similar products and services to our tenants. There are no individual operating segments that are greater than 10% of combined revenue, Company NOI, or combined assets. Company NOI excludes certain non-cash and non-comparable items such as straight-line rent and intangible asset and liability amortization, which are a result of our emergence, acquisition accounting and other capital contribution or restructuring events. 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 For the year ended December 31, 2015 , loans to our joint venture partners of $613.0 million were reclassified from accounts and notes receivable, net to notes receivable, net. In addition, accrued interest related to the loans to our joint ventures of $28.4 million were reclassified from prepaid expenses and other assets to notes receivable, net. The reclassification is to conform the prior period to the current year presentation and is intended to disaggregate the components of our receivables by type. It is a change from one acceptable presentation to another acceptable presentation. 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 occurring, 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. 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 Amortization Net Carrying Amount As of December 31, 2016 Tenant leases: In-place value $ 306,094 $ (214,111 ) $ 91,983 As of December 31, 2015 Tenant leases: In-place value $ 409,637 $ (264,616 ) $ 145,021 The above-market tenant leases and below-market ground leases are included in prepaid expenses and other assets ( Note 16 ); the below-market tenant leases, above-market ground leases and above-market headquarters office lease are included in accounts payable and accrued expenses ( Note 17 ) in our Consolidated Balance Sheets. Amortization/accretion of all intangibles, including the intangibles in Note 16 and Note 17 , had the following effects on our income from continuing operations: Year Ended December 31, 2016 2015 2014 Amortization/accretion effect on continuing operations $ (86,979 ) $ (137,462 ) $ (196,792 ) Future amortization/accretion of these intangibles is estimated to decrease results from continuing operations as follows: Year Amount 2017 $ 63,350 2018 41,509 2019 25,996 2020 18,858 2021 13,445 Marketable Securities Marketable securities are comprised of equity securities that are classified as available-for-sale. Available-for-sale securities are presented in prepaid expenses and other assets on our Consolidated Balance Sheets at fair value. Unrealized gains and losses resulting from the mark-to-market of these securities are included in other comprehensive income. Realized gains and losses are recognized in earnings only upon the sale of the securities and are recorded based on the weighted average cost of such securities. During the year ended December 31, 2016 , we recognized gains of $13.1 million in management fees and other corporate revenues on the Consolidated Statements of Operations and Comprehensive Income from the sale of Seritage Growth Properties stock. Investments in Unconsolidated Real Estate Affiliates ( Note 6 ) We account for investments in joint ventures where we own a non-controlling joint interest using either the equity method or the cost method. If we have significant influence but not control over the investment, we utilize the equity method. If we have neither control nor significant influence, we utilize the cost 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. Under the cost method, the cost of our investment is not adjusted for our share of the earnings of such Unconsolidated Real Estate Affiliates from the date of acquisition and distributions are treated as earnings when 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"). A limited partnership or other similar entity is considered a VIE unless a simple majority of limited partners (excluding limited partners that are under common control with the general partner) have substantive kick-out rights or participating rights. Recent accounting guidance amended the following: (i) modified the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities, (ii) eliminated the presumption that a general partner should consolidate a limited partnership, (iii) affected the consolidation analysis of reporting entities that are involved with VIEs, and (iv) provided a scope exception for certain entities. If an entity is determined to be a VIE, we determine which party is the 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. The adoption of the recent consolidation guidance did not materially impact our consolidated financial statements. 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 6 ), 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 5 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. To the extent that we contribute assets to a joint venture accounted for using the equity method, our investment in the joint venture is recorded at our cost basis in the assets that were contributed to the joint venture. We will recognize gains and losses on the contribution of our real estate to joint ventures, relating solely to the outside partner’s interest, to the extent the buyer is independent of the Company, the collection of the sales price is reasonably assured, and we will not be required to support the operations of the property or its related obligations to an extent greater than our proportionate interest. The combined summarized financial information of unconsolidated joint ventures is disclosed in Note 6 to the Consolidated Financial Statements. 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 buildings 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 leasehold 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. 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-market and below-market tenant leases on acquired properties and properties that were recorded at fair value at the emergence from bankruptcy. The following is a summary of amortization of straight-line rent, net amortization/accretion related to above-market and below-market tenant leases and termination income, which is included in minimum rents: Year Ended December 31, 2016 2015 2014 Amortization of straight-line rent $ 11,867 $ 27,809 $ 48,254 Net amortization/accretion of above and below-market tenant leases (33,639 ) (55,062 ) (66,258 ) Lease termination income 16,021 13,786 10,590 The following is a summary of straight-line rent receivables, which are included in accounts receivable, net in our Consolidated Balance Sheets and are reduced for allowances and amounts doubtful of collection: December 31, 2016 December 31, 2015 Straight-line rent receivables, net $ 226,226 $ 234,862 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. Real estate sales are recognized whenever (1) a sale is consummated, (2) the buyer has demonstrated an adequate commitment to pay for the property, (3) our receivable is not subject to future subordination, and (4) we have transferred to the buyer the risks and rewards of ownership and do not have continuing involvement. Unless all conditions are met, recognition of all or a portion of the profit shall be postponed. We provide an allowance for doubtful accounts against the portion of accounts receivable, net 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: 2016 2015 2014 Balance as of January 1, $ 14,654 $ 15,621 $ 17,892 Provision for doubtful accounts (1) 10,534 11,833 10,934 Provisions for doubtful accounts in discontinued operations — — 602 Write-offs (7,305 ) (12,800 ) (13,807 ) Balance as of December 31, $ 17,883 $ 14,654 $ 15,621 _______________________________________________________________________________ (1) Excludes recoveries of $2.4 million , $2.1 million and $2.7 million for the years ended December 31, 2016 , 2015 and 2014 , 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. 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 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, 2016 2015 2014 Management fees from affiliates (1) $ 82,742 $ 86,595 $ 70,887 Management fee expense (33,049 ) (30,723 ) (26,972 ) Net management fees from affiliates $ 49,693 $ 55,872 $ 43,915 (1) Excludes a $13.1 million gain recognized in management fees and other corporate revenues on the divestiture of our investment in Seritage Growth Properties during the year ended December 31, 2016 . 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 would apply to our taxable income at regular corporate rates, or we may be subject to applicable alternative minimum tax. 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, 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. We earn investment tax credits related to solar projects at certain properties. We use the flow through method of accounting for investment tax credits. Under this method, investment tax credits are recognized as a reduction to income tax expense in the year they are earned. 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 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. Changes in economic and operating conditions that occur subsequent to our review of recoverability of our properties could impact the assumptions used in that assessment and could result in future impairment if assumptions regarding those properties differ from actual results. During the year ended December 31, 2016 , we recorded a $73.0 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. The impairment charge related to three operating properties. We received bona fide purchase offers for two properties which were less than their respective carrying values. The other property had non-recourse debt maturing during 2016 that exceeded the fair value of the operating property. This property was transferred to a special servicer in 2016 . During the year ended December 31, 2015 , we recorded an $8.6 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. This impairment charge related to one operating property and was recorded because the estimated fair value of the property, based on a bona-fide purchase offer, was less than the carrying value of the property. During the year ended December 31, 2014 , we recorded a $5.3 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. This impairment charge related to one operating property and was recorded because the estimated fair value of the property, based on a bona-fide purchase offer was less than the carrying value of the property. 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 performed 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. An impairment of $3.2 million related to our investments in Unconsolidated Real Estate Affiliates was recognized for the year ended December 31, 2015 . This impairment charge related to one operating property and was recorded because the estimated fair value of the property, based on a bona-fide purchase offer, was less than the carrying value of the property. No impairments related to our investments in Unconsolidated Real Estate Affiliates were recognized for the years ended December 31, 2016 and 2014 . Changes in economic and operating conditions that occur subsequent to our review of recoverability of our investments in Unconsolidated Real Estate Affiliates could impact the assumptions used in that assessment and could result in future impairment if assumptions regarding those investments differ from actual results. 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 years ended December 31, 2016 , 2015 and 2014 , which were based on Level 2 and Level 3 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 5 also includes a discussion of available-for-sale securities measured at fair value on a recurring basis using Level 1 inputs. Note 11 includes a discussion of certain redeemable noncontrolling interests that are measured at fair value using Level 1 inputs. Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents. We are exposed to credit risk with respect to cash held at various financial institutions and access to our credit facility. Our credit risk exposure with regard to our cash and the $1.5 billion , including the uncommitted accordion feature, available under our credit facility is spread among a diversified group of investment grade financial institutions. We had no amount and $315.0 million outstanding under our credit facility as of December 31, 2016 and 2015 , respectively. Recently Issued Accounting Pron

ACQUISITIONS AND JOINT VENTURE

ACQUISITIONS AND JOINT VENTURE ACTIVITY	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
ACQUISITIONS AND JOINT VENTURE ACTIVITY	ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY On December 1, 2016, we entered into an agreement with a qualified intermediary to acquire 605 N. Michigan Avenue located in Chicago, Illinois. The Company loaned the qualified intermediary $140.0 million to acquire the property as replacement property in a reverse 1031 exchange pursuant to the applicable Internal Revenue Service policy. 605 N. Michigan Avenue was deemed to be a variable interest entity for which the Company was deemed to be the primary beneficiary as it has the ability to direct the activities of the entity that most significantly impact its economic performance and has all of the risks and rewards of ownership. Accordingly, the Company has consolidated 605 N. Michigan Avenue. The purchase price allocation was completed using a preliminary estimate of the net assets acquired. On November 1, 2016, Riverchase Galleria (located in Hoover, Alabama) redeemed the 50% interest of our joint venture partner for a gross purchase price of $143.5 million including the assumption of our joint venture partner's $110.3 million share of property level debt. Concurrently, the 50% interest was acquired by our joint venture through certain capital contributions. Our overall ownership in Riverchase Galleria is 75.5% . The table below summarizes the loss calculation ($ in millions): Loss from a Change of Control in Riverchase Galleria Cash paid to acquire our joint venture partner's interest $ 33.8 Less: proportionate share of previous investment in Riverchase Galleria (78.0 ) Losses from changes in control of investment properties $ (44.2 ) 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. The purchase price allocation was completed using a preliminary estimate of the net assets and liabilities acquired and is show below ($ in millions): Allocation of the Riverchase Purchase Price Investment in real estate, including intangible assets and liabilities $ 274.3 Fair value of debt (1) (220.7 ) Net working capital (2) 12.7 Net assets acquired $ 66.3 (1) Debt represents an intercompany loan between Riverchase Galleria and GGP and eliminates in consolidation. (2) Includes tax increment financing (TIF) associated with the city of Hoover, Alabama. On October 28, 2016, we acquired four Macy's boxes, including the box at Tysons Galleria, at various properties for $45.7 million for the purpose of re-tenanting and repositioning space. Subsequently on December 8, 2016, we acquired an additional Macy's box at Stonestown Galleria for $40.7 million . On September 15, 2016, joint ventures we formed with Simon Property Group and Authentic Brands Group LLC acquired Aeropostale for $80.0 million in total cash which included cash for working capital requirements of the retail business. In connection with the transaction, our total investment was $20.4 million of cash contributed to the ventures for an effective ownership of approximately 26% in the two joint ventures. Aeropostale is a tenant at certain of our properties for which we receive rental income included in minimum rents on the Consolidated Statements of Operations and Comprehensive Income. On August 1, 2016, we closed on the sale of Rogue Valley Mall located in Medford, Oregon for a sales price of $61.5 million . The transaction netted proceeds of approximately $6.4 million and resulted in a loss of $1.0 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2016 . On July 29, 2016, we reached an agreement on the sale of a 50% interest in Fashion Show located in Las Vegas, Nevada to TIAA-CREF Global Investments, LLC ("TIAACREF") for a sales price of $1.25 billion . We closed on the sale of the initial 49% and received proceeds of approximately $813.9 million on July 29, 2016, and we received the remaining $16.6 million for the closing of the final 1% interest on October 4, 2016. This transaction resulted in a gain on sale of $634.9 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2016 . The table below summarizes the gain calculation ($ in millions): Cash received from joint venture partner $ 830.5 Less: Proportionate share of previous investment in Fashion Show (195.6 ) Gain from change in control of investment property $ 634.9 On July 21, 2016, we closed on the sale of Newgate Mall located in Ogden, Utah for a sales price of $69.5 million . The transaction netted proceeds of approximately $8.4 million and resulted in a loss of $1.4 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2016 . On June 30, 2016, we closed on the acquisition of a property through a joint venture located at 218 West 57th Street in New York City for $81.5 million . In connection with the acquisition, we provided a $53.0 million mortgage loan to the joint venture that bears interest at LIBOR plus 3.4% , subject to terms and conditions in the loan agreement, and matures on June 30, 2019, with two one year extension options. We own a 50% interest in the joint venture and our share of equity at closing was $15.1 million including prorated working capital. We also provided our joint venture partner with a $7.3 million loan upon closing. On June 30, 2016, we closed on the sale of our 49.8% interest in One Stockton Partners, LLC in San Francisco, California to our joint venture partner for $49.8 million . In connection with the sale, $16.3 million in mortgage debt was assumed. This transaction netted proceeds of approximately $33.5 million and resulted in a gain of $22.7 million recognized in Unconsolidated Real Estate Affiliates - gain on investment on our Consolidated Statements of Operations and Comprehensive Income for the year ended December 31, 2016 . In addition to the sale, the joint venture partner made an $8.0 million repayment of a note receivable. On June 28, 2016, we closed on the sale of the office building and parking garage at Pioneer Place in Portland, Oregon for $121.8 million . This transaction netted proceeds of approximately $116.0 million and resulted in a gain on sale of $35.2 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2016 . On February 2, 2016, we closed on the acquisition of our joint venture partner's 25% interest in Spokane Valley Mall in Spokane, Washington for $37.5 million . This transaction resulted in a reduction of additional paid-in capital of $18.4 million due to the acquisition of our partner's noncontrolling interest. On January 29, 2016 we closed on the sale of our 75% interest in Provo Towne Center in Provo, Utah to our joint venture partner for $37.5 million . Mortgage debt of $31.1 million was repaid upon closing. This transaction netted proceeds of approximately $2.8 million and resulted in a loss of $6.7 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2016 . On January 29, 2016, we closed on the sale of our 10% interest in 522 Fifth Avenue in New York City to our joint venture partner for $25.0 million , inclusive of the repayment of previously existing notes receivable from our joint venture partner. We received proceeds of $10.0 million upon closing and proceeds of $5.4 million on December 15, 2016. The remaining $9.0 million will be collected on April 3, 2017. This transaction resulted in a gain on sale of $11.0 million recognized in Unconsolidated Real Estate Affiliates - gain on investment for the year ended December 31, 2016 . On January 15, 2016, we closed on the sale of Eastridge Mall in San Jose, California for $225.0 million . This transaction netted proceeds of approximately $216.3 million and resulted in a gain on sale of $71.7 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2016 . On January 8, 2016, we closed on the sale of our 50% interest in Owings Mills Mall in Owings Mills, Maryland to our joint venture partner for $11.6 million . This transaction netted proceeds of approximately $11.6 million and resulted in a gain on sale of $0.6 million recognized in Unconsolidated Real Estate Affiliates - gain on investment for the year ended December 31, 2016 . On November 6, 2015, we acquired an additional 2.5% direct interest in Miami Design District Associates, LLC ("MDDA") located in Miami, Florida for a gross purchase price of $40.0 million . We also own a 2.5% interest in MDDA through a joint venture and a 10% interest in MDDA through a consolidated subsidiary. The total investment of 15% is considered a cost method investment and is included in investment in Unconsolidated Real Estate Affiliates on the Consolidated Balance Sheets. On September 24, 2015, we sold our interest in a joint venture that owns Lake Mead & Buffalo, which resulted in our recognition of a gain of $3.1 million . The $3.1 million is recognized within Unconsolidated Real Estate Affiliates - gain on investment on our Consolidated Statements of Operations and Comprehensive Income. On April 27, 2015, we sold the office portion of 200 Lafayette in New York City for $124.5 million . In connection with the transaction, debt of $67.0 million was repaid. The transaction netted proceeds of approximately $49.4 million and resulted in a gain on sale of $11.9 million recognized in gain from changes in control of investment properties and other on our Consolidated Statements of Operations and Comprehensive Income for the year ended December 31, 2015. On April 17, 2015, we closed on the acquisition of the Crown Building located at 730 Fifth Avenue in New York City through a joint venture partner. The Crown Building was acquired for $1.78 billion , which was funded with $1.25 billion of secured debt. We own an effective 50% interest in the retail portion of the property. GGP and Jeff Sutton own, redevelop, lease and manage the retail portion of the property which is $1.30 billion of the purchase price. We own no effective interest in the office portion of the property. Vladislav Doronin’s Capital Group and Michael Shvo own, redevelop, lease and manage the office tower which was $475.0 million of the purchase price. The office tower will be redeveloped into luxury residential condominiums. At acquisition, our share of the retail property purchase price was $650.0 million and our share of the equity was $208.5 million . In connection with the acquisition, we provided $204.3 million in loans to our joint venture partners ( Note 15 ). On April 1, 2015, we closed on the acquisition of property through a joint venture located at 85 Fifth Avenue in New York City for $86.0 million . The acquisition was funded with $60.0 million of secured debt. We own a 50% interest in the joint venture and our share of the equity was $14.0 million . In connection with the acquisition, we provided a $7.0 million loan to our joint venture partner ( Note 15 ). On March 31, 2015, we acquired a 50% interest in a joint venture with Sears Holdings Corporation that owns anchor pads and in-place leases at 12 stores located at our properties for approximately $165.0 million . Subsequently, Sears Holdings Corporation sold its investment in the joint venture to Seritage Growth Properties, which was an affiliated company. On December 14, 2015, GGP entered into agreements with two of its joint ventures to assign interest in 4 of the 12 anchor pads to the joint ventures. For the assignment and transfer of the assigned interests, GGP received net consideration of $74.0 million . On January 29, 2015, we sold our 50% interest in a joint venture that owns Trails Village in Las Vegas, Nevada for $27.6 million . In connection with the sale, mortgage debt of $5.75 million was repaid. The transaction netted proceeds of approximately $22.0 million and resulted in a gain of $12.0 million recognized in Unconsolidated Real Estate Affiliates - gain on investment on our Consolidated Statements of Operations and Comprehensive Income. On February 27, 2015, we sold a 25% interest in Ala Moana Center in Honolulu, Hawaii for net proceeds of $907.0 million . We received $670.0 million at closing and received the remaining proceeds of $237.0 million upon completion of the redevelopment and expansion in the fourth quarter of 2016. Subsequently on April 10, 2015, we sold an additional 12.5% interest in Ala Moana Center for net proceeds of $453.5 million to another joint venture partner. We received $335.0 million at closing and received the remaining proceeds of $118.5 million upon completion of the redevelopment and expansion in the fourth quarter of 2016. As a result, our joint venture partners own a combined 37.5% economic interest in the joint venture. Upon sale of the 25% interest in Ala Moana Center and in accordance with applicable accounting standards for real estate sales with future development required, we recognized a $584.4 million gain on change in control of investment properties and other as of the closing date calculated on the percentage of the basis (real estate asset carrying value of Ala Moana Center and development costs incurred to date) as compared to the total estimated costs expected to be incurred through completion of the development. During the year ended December 31, 2016 , we recognized an additional $34.4 million gain on change of control of investment properties and other using the percentage of completion method for the construction completed from the closing date on February 27, 2015 through December 31, 2016 . Upon sale of the 12.5% interest in Ala Moana Center and in accordance with applicable accounting standards for real estate sales with future development required, we recognized a $295.9 million gain in Unconsolidated Real Estate Affiliates - gain on investment as of the closing date calculated on the percentage of the basis (real estate asset carrying value of Ala Moana Center and development costs incurred to date) as compared to the total estimated costs expected to be incurred through completion of the development. During the year ended December 31, 2016 , we recognized an additional $17.2 million gain in Unconsolidated Real Estate Affiliates - gain on investment using the percentage of completion method for the construction completed from the closing date on April 10, 2015 through December 31, 2016 . The construction is complete and the full gain was recognized as of December 31, 2016 . We account for the 62.5% interest in the joint venture that owns Ala Moana Center under the equity method of accounting ( Note 6 ) because we share control over major decisions with the joint venture partners which resulted in the partners obtaining substantive participating rights. Ala Moana Center was previously wholly owned by GGP and accounted for on a consolidated basis. The table below summarizes the gain calculation ($ in millions) for the 25% and 12.5% interests sold: Gain on Sale of Interests in Ala Moana Center 25.0% 12.5% Total proceeds (net of transaction costs of $6.8 million and $2.5 million, respectively) $ 900.2 $ 451.0 Joint venture partner share of debt 462.5 231.3 Total consideration 1,362.7 682.3 Less: JV partner proportionate share of investment in Ala Moana Center and estimated development costs (705.9 ) (353.8 ) Total gain from changes in control of investment properties and other 656.8 — Total Unconsolidated Real Estate Affiliates - gain on investment — 328.5 Gain attributable to JV partner proportionate share of investment in Ala Moana Center at closing 584.4 295.9 Gain attributable to post-sale development activities through December 31, 2015 38.0 15.4 Gain attributable to post-sale development activities for the year ended December 31, 2016 34.4 17.2

DISPOSITIONS, DISCONTINUED OPER

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS (LOSSES) ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES	DISCONTINUED OPERATIONS AND HELD FOR DISPOSITION In the first quarter of 2015, the Company adopted ASU No. 2014-08, "Reporting Discontinued operations and Disclosures of Disposals of Components of an Entity" issued by the Financial Accounting Standards Board. ASU No. 2014-08 changes the definition of a discontinued operation to include only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity's operations and financial results (e.g., a disposal of a major geographical area, a major line of business, a major equity method investment or other major parts of an entity). The Company’s adoption of ASU No. 2014-08 resulted in a change in how the Company would record operating results and gains on sales of real estate. Any future sale that does not meet the updated definition of discontinued operations would not be reflected within discontinued operations in the Company’s Consolidated Statements of Operations and Comprehensive Income. During 2014, 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 extinguishment of debt of $66.7 million and a reduction of property-level debt of $79.0 million . We transferred six office properties and cash aggregating total consideration of $268.0 million in full settlement of our $322.0 million tax indemnification liability ( Note 19 ). Additionally, we sold three operating properties for $278.6 million , which resulted in a gain of $125.2 million . We used the net proceeds from these transactions to repay debt of $127.0 million . The Company did not have any dispositions during the years ended December 31, 2016 and 2015 that qualified for discontinued operations presentation subsequent to its adoption of ASU No. 2014-08. The following table summarizes the operations of the properties included in discontinued operations for the year ended 2014 . 2014 Retail and other revenue $ 27,276 Total revenues 27,276 Retail and other operating expenses 17,515 Total expenses 17,515 Operating income 9,761 Interest expense, net (2,188 ) Gains on dispositions 130,416 Net income from operations 137,989 Gain on extinguishment of debt 66,679 Gain on extinguishment of tax indemnification liability 77,215 Net income from discontinued operations $ 281,883 As of December 31, 2015 , non-refundable deposits were received from the buyers on two properties. Therefore, the two properties were considered held for disposition as of December 31, 2015 . Total assets held for disposition were $216.2 million , which included $204.4 million of net investment in real estate, and total liabilities held for disposition were $58.9 million , which included $42.6 million of mortgages, notes and loans payable.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Nonrecurring Fair Value Measurements 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 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, 2016 and 2015 . Total Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Provisions for Impairment Year Ended December 31, 2016 Investments in real estate (1) $ 219,165 $ — $ 131,000 $ 88,165 $ (73,039 ) Year Ended December 31, 2015 Investments in real estate (1) $ 61,500 $ — $ 61,500 $ — $ (8,604 ) _______________________________________________________________________________ (1) Refer to Note 2 for more information regarding impairment. Investments in real estate includes consolidated properties and Unconsolidated Real Estate Affiliates. Unobservable Quantitative Input Range Discount rates 9.0% to 11.0% Terminal capitalization rates 16.0% to 17.0% Disclosure of 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, 2016 and 2015 . December 31, 2016 December 31, 2015 Carrying Amount (1) Estimated Fair Value Carrying Amount (2) Estimated Fair Value Fixed-rate debt $ 10,441,166 $ 10,832,272 $ 11,921,302 $ 12,247,451 Variable-rate debt 1,989,252 1,990,458 2,294,858 2,304,551 $ 12,430,418 $ 12,822,730 $ 14,216,160 $ 14,552,002 _______________________________________________________________________________ (1) Includes net $27.8 million of market rate adjustments and $40.1 million of deferred financing costs. (2) Includes net $33.0 million of market rate adjustments and $40.2 million of deferred financing costs. The fair value of our Junior Subordinated Notes approximates their carrying amount as of December 31, 2016 and 2015 . 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. Recurring Fair Value of Marketable Securities Marketable securities are measured at fair value on our Consolidated Balance Sheets using Level 1 inputs and included in prepaid expenses and other assets. The fair values are shown below. December 31, 2015 Fair Value Cost Basis Unrealized Gain Marketable securities: Seritage Growth Properties $ 45,278 $ 33,300 $ 11,978 During the year ended December 31, 2016 we divested the entire investment in Seritage Growth Properties, recognized a gain of $13.1 million in management fees and other corporate revenues, and reclassified $12.0 million out of other comprehensive income (loss).

UNCONSOLIDATED REAL ESTATE AFFI

UNCONSOLIDATED REAL ESTATE AFFILIATES	12 Months Ended
	Dec. 31, 2016
UNCONSOLIDATED REAL ESTATE AFFILIATES
UNCONSOLIDATED REAL ESTATE AFFILIATES	UNCONSOLIDATED REAL ESTATE AFFILIATES Following is summarized financial information for all of our real estate related Unconsolidated Real Estate Affiliates accounted for using the equity method and a reconciliation to our total investment in Unconsolidated Real Estate Affiliates, inclusive of investments accounted for using the cost method ( Note 2 ). December 31, 2016 December 31, 2015 Condensed Combined Balance Sheets—Unconsolidated Real Estate Affiliates (1) Assets: Land $ 2,664,736 $ 1,949,577 Buildings and equipment 13,555,059 12,344,045 Less accumulated depreciation (3,538,776 ) (3,131,659 ) Construction in progress 284,198 828,521 Net property and equipment 12,965,217 11,990,484 Investments in unconsolidated joint ventures 503,305 421,778 Net investment in real estate 13,468,522 12,412,262 Cash and cash equivalents 455,862 426,470 Accounts receivable, net 655,655 258,589 Notes receivable, net 8,912 9,093 Deferred expenses, net 321,095 239,262 Prepaid expenses and other assets 327,645 463,030 Total assets $ 15,237,691 $ 13,808,706 Liabilities and Owners' Equity: Mortgages, notes and loans payable $ 10,476,935 $ 9,812,378 Accounts payable, accrued expenses and other liabilities 595,570 740,388 Cumulative effect of foreign currency translation ("CFCT") (50,851 ) (67,224 ) Owners' equity, excluding CFCT 4,216,037 3,323,164 Total liabilities and owners' equity $ 15,237,691 $ 13,808,706 Investment in Unconsolidated Real Estate Affiliates, Net: Owners' equity $ 4,165,186 $ 3,255,940 Less: joint venture partners' equity (2,095,166 ) (1,518,581 ) Plus: excess investment/basis differences 1,590,821 1,550,193 Investment in Unconsolidated Real Estate Affiliates, net (equity method) 3,660,841 3,287,552 Investment in Unconsolidated Real Estate Affiliates, net (cost method) 180,000 180,000 Elimination of consolidated real estate investment interest through joint venture (27,500 ) — Retail investment, net 16,146 — Investment in Unconsolidated Real Estate Affiliates, net $ 3,829,487 $ 3,467,552 Reconciliation—Investment in Unconsolidated Real Estate Affiliates: Asset—Investment in Unconsolidated Real Estate Affiliates $ 3,868,993 $ 3,506,040 Liability—Investment in Unconsolidated Real Estate Affiliates (39,506 ) (38,488 ) Investment in Unconsolidated Real Estate Affiliates, net $ 3,829,487 $ 3,467,552 (1) The Condensed Combined Balance Sheets - Unconsolidated Real Estate Affiliates include Fashion Show as of December 31, 2016 as the property was contributed into a joint venture during the third quarter of 2016. Year Ended Year Ended Year Ended Condensed Combined Statements of Income—Unconsolidated Real Estate Affiliates (1) Revenues: Minimum rents $ 1,106,691 $ 1,011,393 $ 827,436 Tenant recoveries 473,357 443,905 355,188 Overage rents 39,298 38,282 30,915 Condominium sales 520,360 — — Other 52,511 52,027 39,804 Total revenues 2,192,217 1,545,607 1,253,343 Expenses: Real estate taxes 124,355 129,593 110,665 Property maintenance costs 41,132 41,619 39,105 Marketing 22,368 19,348 14,626 Other property operating costs 214,071 214,417 172,547 Condominium cost of sales 379,401 — — Provision for doubtful accounts 13,665 5,427 3,052 Property management and other costs (2) 71,499 64,084 57,980 General and administrative 3,198 10,245 9,250 Depreciation and amortization 466,715 408,537 325,787 Total expenses 1,336,404 893,270 733,012 Operating income 855,813 652,337 520,331 Interest income 9,505 7,070 5,909 Interest expense (318,628 ) (395,114 ) (315,339 ) Provision for income taxes (1,278 ) (996 ) (1,497 ) Equity in loss of unconsolidated joint ventures (45,057 ) (28,513 ) (194 ) Income from continuing operations 500,355 234,784 209,210 Net income from disposed investment — — 1,415 Allocation to noncontrolling interests (128 ) (64 ) (58 ) Net income attributable to the ventures $ 500,227 $ 234,720 $ 210,567 Equity In Income of Unconsolidated Real Estate Affiliates: Net income attributable to the ventures $ 500,227 $ 234,720 $ 210,567 Joint venture partners' share of income (235,544 ) (112,582 ) (114,263 ) Elimination of loss from consolidated real estate investment with interest owned through joint venture 1,266 — — Loss on retail investment 4,264 — — Amortization of capital or basis differences (3) (38,598 ) (48,748 ) (44,736 ) Equity in income of Unconsolidated Real Estate Affiliates $ 231,615 $ 73,390 $ 51,568 _______________________________________________________________________________ (1) The Condensed Combined Statements of Income - Unconsolidated Real Estate Affiliates include income from Ala Moana Center subsequent to the formation of the joint venture on February 27, 2015 and income from Fashion Show subsequent to the formation of the joint venture on July 29, 2016. (2) Includes management fees charged to the unconsolidated joint ventures by GGMI and GGSI. (3) Includes a $3.2 million impairment charge related to our investment in a single property venture during the year ended December 31, 2015 ( Note 2 ). The Unconsolidated Real Estate Affiliates represent our investments in real estate joint ventures that are not consolidated. We hold interests in 25 domestic joint ventures, comprising 41 U.S. retail properties 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. We account for investments in joint ventures where we own a non-controlling joint interest using either the equity method or the cost method. If we have significant influence but not control over the investment, we utilize the equity method. If we have neither control nor significant influence, we utilize the cost method. If we control the joint venture, we account for the venture as a consolidated investment. On March 7, 2014, we formed a joint venture, AMX Partners, LLC ("AMX"), with Kahikolu Partners, LLC (“MKB”) for the purpose of constructing a luxury residential condominium tower on a site located within the Ala Moana Shopping Center. In conjunction with the closing of AMX, GGP agreed to sell the air rights above the parking podium to AMX for $50.0 million . GGP received a $50.0 million payment during the year ended December 31, 2015. AMX commenced recognizing revenues and cost of sales from the sale of condominiums using the percentage of completion method during the twelve months ended December 31, 2016. In accordance with GAAP, sales of condominiums have been recognized using the percentage of completion method. Under this method, revenue is recognized when (1) construction is beyond a preliminary stage, (2) buyers are unable to receive refunds of down-payments except in the event of non-delivery, (3) a substantial percentage of the condominiums are under firm contracts, (4) collection of the sales price is reasonably assured and (5) sales proceeds and costs can be reasonably estimated. The revenue from condominium sales is calculated based on the percentage of completion, as determined by the construction contract costs incurred to date in relation to the total estimated construction costs. On March 24, 2016, Kenwood Towne Centre in Cincinnati, Ohio (property included in a joint venture of which we are 50% owner) acquired fee title to a portion of the property previously held under ground lease for a gross purchase price of $43.0 million . On September 15, 2016, joint ventures we formed with Simon Property Group and Authentic Brands Group LLC acquired Aeropostale ( Note 3 ), which is presented as a retail investment above. On November 1, 2016, we acquired the other 50% interest in Riverchase Galleria through affiliates in a joint venture for a sales price of $143.5 million including the assumption of our venture partner's $110.3 million share of property level debt for the 50% interest. We now account for Riverchase Galleria as a consolidated property. To the extent that the Company contributes assets to a joint venture accounted for using the equity method, the Company’s investment in the joint venture is recorded at the Company’s cost basis in the assets that were contributed to the joint venture. The Company will recognize gains and losses on the contribution of its real estate to joint ventures, relating solely to the outside partner’s interest, to the extent the buyer is independent of the Company, the collection of the sales price is reasonably assured, and the Company will not be required to support the operations of the property or its related obligations to an extent greater than its proportionate interest. 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 $5.4 billion as of December 31, 2016 and $5.1 billion as of December 31, 2015 , 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 $86.5 million at one property as of December 31, 2016 , and $87.9 million as of December 31, 2015 . 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, 2016 , 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, 2016
Debt Disclosure [Abstract]
MORTGAGES, NOTES AND LOANS PAYABLE	MORTGAGES, NOTES AND LOANS PAYABLE Mortgages, notes and loans payable and the weighted-average interest rates are summarized as follows: December 31, 2016 (1) Weighted-Average Interest Rate(2) December 31, 2015 (3) Weighted-Average Interest Rate(2) Fixed-rate debt: Collateralized mortgages, notes and loans payable (4) $ 10,441,166 4.44 % $ 11,921,302 4.43 % Total fixed-rate debt 10,441,166 4.44 % 11,921,302 4.43 % Variable-rate debt: Collateralized mortgages, notes and loans payable (4) 1,997,978 2.45 % 1,991,022 2.08 % Revolving credit facility (8,726 ) — 303,836 1.89 % Total variable-rate debt 1,989,252 2.45 % 2,294,858 2.05 % Total Mortgages, notes and loans payable $ 12,430,418 4.12 % $ 14,216,160 4.05 % Junior Subordinated Notes $ 206,200 2.34 % $ 206,200 1.77 % _______________________________________________________________________________ (1) Includes net $27.8 million of market rate adjustments and $40.1 million of deferred financing costs. (2) Represents the weighted-average interest rates on our principal balances, excluding the effects of deferred finance costs. (3) Includes net $33.0 million of market rate adjustments and $40.2 million of deferred financing costs. (4) $1.4 billion of the variable-rate balance is cross-collateralized. Collateralized Mortgages, Notes and Loans Payable As of December 31, 2016 , $16.6 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 $1.4 billion of debt, are cross-collateralized with other properties. Although a majority of the $12.4 billion of fixed and variable rate collateralized mortgages, notes and loans payable are non-recourse, $819.0 million 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, 2016 , we paid down $294.4 million of consolidated mortgage notes at two properties. The prior loans had a weighted-average term-to-maturity of 1.2 years and a weighted-average interest rate of 5.3% . In conjunction with the pay down of the loans, we paid $5.4 million in transaction costs that are included in interest expense. On April 25, 2016, we amended our $1.4 billion loan secured by cross-collateralized mortgages on 15 properties. The interest rate remained consistent at LIBOR plus 1.75% , however, we were able to decrease the recourse from 100% to 50% and extend the term for three years . The loan now matures April 25, 2019, with two one year extension options. During the year ended December 31, 2015 , we refinanced consolidated mortgage notes totaling $710.0 million at four properties and generated net proceeds of $240.9 million . The prior loans totaling $469.1 million had a weighted-average term-to-maturity of 1.3 years , and a weighted-average interest rate of 5.6% . The new loans have a weighted-average term-to-maturity of 11.0 years , and a weighted-average interest rate of 3.8% . In addition, we paid down $594.3 million of consolidated mortgage notes at five properties. The prior loans had a weighted-average term-to-maturity of 1.5 years and a weighted-average interest rate of 5.3% . We also obtained new mortgage notes totaling $250.0 million on two properties with a weighted-average term-to-maturity of 10.0 years and a weighted-average interest rate of 4.3% . Corporate and Other Unsecured Loans We have certain unsecured debt obligations, the terms of which are described below: December 31, 2016 (1) Weighted-Average Interest Rate December 31, 2015 (2) Weighted-Average Interest Rate Unsecured debt: Revolving credit facility — — 315,000 1.89 % Total unsecured debt $ — — $ 315,000 1.89 % _______________________________________________________________________________ (1) Excludes deferred financing costs of $8.7 million that decrease the total amount that appears outstanding in our Consolidated Balance Sheets. (2) Excludes deferred financing costs of $11.2 million that decrease the total amount that appears outstanding in our Consolidated Balance Sheets. Our revolving credit facility (the "Facility") as amended on October 30, 2015, provides for revolving loans of up to $1.1 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 2020 and is unsecured. Borrowings under the Facility bear interest at a rate equal to LIBOR plus 130 to 190 basis points or at a base rate plus 30 to 90 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, 2016 . No amount was outstanding on the Facility, as of December 31, 2016 . Junior Subordinated Notes GGP Capital Trust I, a Delaware statutory trust (the "Trust") and a wholly-owned subsidiary of GGPN, 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 GGPN. 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 GGPN due 2036. 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, 2036, 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. 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, 2016 and December 31, 2015 . Letters of Credit and Surety Bonds We had outstanding letters of credit and surety bonds of $57.8 million as of December 31, 2016 and $76.1 million as of December 31, 2015 . 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, 2016 , with the exception of one mortgage loan where a special servicer is currently managing the operations of the property securing the mortgage loan.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	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 a requirement to distribute at least 90% of our taxable ordinary income. 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 and capital gains. We are currently statutorily open to audit by the Internal Revenue Service for the years ended December 31, 2013 through 2016 and are statutorily open to audit by state taxing authorities for the years ended December 31, 2012 through 2016 . The provision for (benefit from) income taxes for the years ended December 31, 2016 , 2015 , and 2014 are as follows: December 31, 2016 December 31, 2015 December 31, 2014 Current $ 804 $ 3,134 $ 13,994 Deferred 97 (41,468 ) (6,741 ) Total $ 901 $ (38,334 ) $ 7,253 Realization of a deferred tax benefit is dependent upon generating sufficient taxable income in future periods. Our TRS net operating loss carryforwards of $42.5 million are currently scheduled to expire in subsequent years through 2036. Each TRS and certain REIT entities subject to state income taxes are tax paying components for purposes of classifying deferred tax assets and liabilities. Net deferred tax assets (liabilities) are summarized as follows: December 31, 2016 December 31, 2015 December 31, 2014 Total deferred tax assets $ 22,090 $ 34,870 $ 19,347 Valuation allowance (15,147 ) (15,127 ) (15,127 ) Net deferred tax assets 6,943 19,743 4,220 Total deferred tax liabilities (3,843 ) (1,289 ) (21,240 ) Net deferred tax assets (liabilities) $ 3,100 $ 18,454 $ (17,020 ) 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 assets (liabilities) as of December 31, 2016 , December 31, 2015 and December 31, 2014 are summarized as follows: December 31, 2016 December 31, 2015 December 31, 2014 Operating loss and tax credit carryforwards $ 42,496 $ 18,541 $ 15,699 Other TRS property, primarily differences in basis of assets and liabilities (24,249 ) 15,040 (17,592 ) Valuation allowance (15,147 ) (15,127 ) (15,127 ) Net deferred tax assets (liabilities) $ 3,100 $ 18,454 $ (17,020 ) We have no unrecognized tax benefits recorded pursuant to uncertain tax positions as of December 31, 2016 and December 31, 2015 . The $6.1 million as of December 31, 2014, excluding interest, was recognized in 2015 upon the expiration of the statute of limitations.

WARRANTS

WARRANTS	12 Months Ended
	Dec. 31, 2016
Warrants [Abstract]
WARRANTS	WARRANTS Brookfield owns 73,930,000 warrants (the “Warrants”) to purchase common stock of GGP with an initial weighted average exercise price of $10.70 . Each Warrant was fully vested upon issuance, has a term of seven years and expires on November 9, 2017. Below is a summary of Warrants that were originally issued and are still outstanding. Warrant Holder Number of Warrants Initial Exercise Price Brookfield - A 57,500,000 $ 10.75 Brookfield - B 16,430,000 10.50 73,930,000 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 73,930,000 Warrants. During 2015 and 2016 , the number of shares issuable upon exercise of the outstanding Warrants changed as follows: Exercise Price Record Date Issuable Shares Brookfield - A Brookfield - B April 15, 2015 87,856,714 $ 9.05 $ 8.84 July 15, 2015 88,433,357 8.99 8.78 October 15, 2015 89,039,571 8.93 8.72 December 15, 2015 89,697,535 8.86 8.66 April 15, 2016 90,288,964 8.80 8.60 July 15, 2016 90,865,607 8.75 8.54 October 14, 2016 91,553,142 8.68 8.48 December 15, 2016 92,344,178 8.61 8.41 December 27, 2016 93,268,285 8.52 8.32 _______________________________________________________________________________ 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 72.5 million 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, 2016 , the Warrants are exercisable into approximately 62 million common shares of the Company, at a weighted-average exercise price of approximately $8.48 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.

RENTALS UNDER OPERATING LEASES

RENTALS UNDER OPERATING LEASES	12 Months Ended
	Dec. 31, 2016
Leases, Operating [Abstract]
RENTALS UNDER OPERATING LEASES	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, 2016 are as follows: Year Amount 2017 $ 1,380,855 2018 1,245,426 2019 1,087,327 2020 959,824 2021 832,388 Subsequent 2,525,038 $ 8,030,858 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 NONCONTRO

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS	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, 2016 2015 2014 Distributions to preferred Operating Partnership units $ (8,680 ) $ (8,884 ) $ (8,965 ) Net income allocation to noncontrolling interests in operating partnership from continuing operations (common units) (7,051 ) (7,466 ) (3,228 ) Net income allocation to noncontrolling interests in operating partnership from continuing operations (LTIP units) (2,920 ) (2,524 ) — Net income allocated to noncontrolling interest in consolidated real estate affiliates (1,255 ) (161 ) (1,851 ) Allocation to noncontrolling interests (19,906 ) (19,035 ) (14,044 ) Other comprehensive loss (income) allocated to noncontrolling interests 2 233 78 Comprehensive income allocated to noncontrolling interests $ (19,904 ) $ (18,802 ) $ (13,966 ) 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 in our Consolidated Balance Sheets. Allocation to noncontrolling interests is presented as an adjustment to net income to arrive at net income 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, 2016 , the aggregate amount of cash we would have paid would have been $118.7 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 Units for each Preferred Unit Number of Contractual Convertible Preferred Units Outstanding as of December 31, 2016 Converted Basis to Common Units Outstanding as of December 31, 2016 Conversion Price Redemption Value Series B (1) 3.00000 1,184,417 3,694,536 $ 16.66670 92,290 Series D 1.50821 532,750 835,447 33.15188 26,637 Series E 1.29836 502,658 678,583 38.51000 25,133 $ 144,060 _______________________________________________________________________________ (1) The conversion price of Series B preferred units is lower than the GGP December 31, 2016 closing common stock price of $24.98 . Therefore, a common stock price of $24.98 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, 2016 , 2015 , and 2014 . Balance at January 1, 2014 $ 228,902 Net income 3,228 Distributions (3,059 ) Redemption of operating partnership units (350 ) Other comprehensive income (78 ) Fair value adjustment for noncontrolling interests in Operating Partnership 70,653 Balance at December 31, 2014 $ 299,296 Balance at January 1, 2015 299,296 Net income 7,466 Distributions (4,258 ) Redemption of operating partnership units (805 ) Other comprehensive income (233 ) Fair value adjustment for noncontrolling interests in Operating Partnership (13,839 ) Balance at December 31, 2015 $ 287,627 Balance at January 1, 2016 $ 287,627 Net income 7,051 Distributions (5,449 ) Redemption of operating partnership units (2,120 ) Preferred Unit Redemption to Common Stock (3,205 ) Other comprehensive income (2 ) Fair value adjustment for noncontrolling interests in Operating Partnership (21,175 ) Balance at December 31, 2016 $ 262,727 _______________________________________________________________________________ Common Stock Dividend and Purchase of Common Stock Our Board of Directors declared common stock dividends during 2016 and 2015 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2016 December 13 December 27 January 27, 2017 $ 0.26 October 31 December 15 January 6, 2017 0.22 August 1 October 14 October 31, 2016 0.20 May 2 July 15 July 29, 2016 0.19 February 1 April 15 April 29, 2016 0.19 2015 November 2 December 15 January 4, 2016 $ 0.19 September 1 October 15 October 30, 2015 0.18 May 21 July 15 July 31, 2015 0.17 February 19 April 15 April 30, 2015 0.17 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 2016 , 2015 , and 2014 may not be indicative of future periods. Year Ended December 31, 2016 2015 2014 Ordinary income $ 0.685 $ 0.752 $ 0.499 Capital gain distributions 0.300 — 0.034 Distributions per share $ 0.985 $ 0.752 $ 0.533 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 four th 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, 32,381 shares were issued during the year ended December 31, 2016 and 23,542 shares were issued during the year ended December 31, 2015 . 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 2016 and 2015 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2016 October 31 December 15 January 3, 2017 $ 0.3984 August 1 September 15 October 3, 2016 0.3984 May 2 June 15 July 1, 2016 0.3984 February 1 March 15 April 1, 2016 0.3984 2015 November 2 December 15 January 4, 2016 $ 0.3984 September 1 September 15 October 1, 2015 0.3984 May 21 June 15 July 1, 2015 0.3984 February 19 March 16 April 1, 2015 0.3984

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	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 and the dilutive effect of options and their equivalents (including fixed awards and nonvested stock issued under stock-based compensation plans), are computed using the "treasury" method. Information related to our EPS calculations is summarized as follows: Year Ended December 31, 2016 2015 2014 Numerators—Basic: Income from continuing operations $ 1,308,273 $ 1,393,596 $ 398,011 Preferred Stock dividend (15,935 ) (15,937 ) (15,936 ) Allocation to noncontrolling interests (19,906 ) (19,035 ) (12,935 ) Income from continuing operations—net of noncontrolling interests 1,272,432 1,358,624 369,140 Discontinued operations — — 281,883 Allocation to noncontrolling interests — — (1,109 ) Discontinued operations—net of noncontrolling interests — — 280,774 Net income 1,308,273 1,393,596 679,894 Preferred Stock dividend (15,935 ) (15,937 ) (15,936 ) Allocation to noncontrolling interests (19,906 ) (19,035 ) (14,044 ) Net income attributable to common stockholders $ 1,272,432 $ 1,358,624 $ 649,914 Numerators—Diluted: Income from continuing operations—net of noncontrolling interests $ 1,272,432 $ 1,358,624 $ 369,140 Diluted income from continuing operations $ 1,272,432 $ 1,358,624 $ 369,140 Net income attributable to common stockholders $ 1,272,432 $ 1,358,624 $ 649,914 Diluted net income attributable to common stockholders $ 1,272,432 $ 1,358,624 $ 649,914 Denominators: Weighted-average number of common shares outstanding—basic 884,029 884,676 887,031 Effect of dilutive securities 68,304 66,386 57,690 Weighted-average number of common shares outstanding—diluted 952,333 951,062 944,721 Anti-dilutive Securities: Effect of Preferred Units 5,209 5,415 5,505 Effect of Common Units 4,782 4,783 4,833 Effect of LTIP Units 1,767 1,609 — 11,758 11,807 10,338 Options were dilutive for the years ended December 31, 2016 , 2015 and 2014 and are included in the denominator of EPS. Warrants were dilutive for the years ended December 31, 2016 , 2015 and 2014 and are included in the denominator of EPS. Outstanding Common Units and LTIP Units have also been excluded from the diluted earnings per share calculation because including such units would also require that the share of GGPOP income attributable to such Common Units be added back to net income therefore resulting in no effect on EPS. Outstanding Preferred Units have been excluded from the diluted EPS calculation for all periods presented because including the Preferred Units would also require that the Preferred Units dividend be added back to the net income, resulting in anti-dilution. On February 10, 2014, GGPOP repurchased 27,624,282 shares of GGP’s common stock for $555.8 million . 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. On May 1, 2014, the shares of GGP common stock owned by GGPOP were contributed to GGPN, and as a result of these transactions, GGPN owns an aggregate of 83,428,585 shares of GGP common stock as of December 31, 2014, of which 55,969,390 , with an aggregate cost of $1.1 billion , are shown as treasury stock and 27,459,195 are shown as issued, but not outstanding on our Consolidated Balance Sheets. During the year ended December 31, 2015 GGP repurchased 4,324,489 shares of its common stock for $109.5 million . Of the shares repurchased, 270,869 had not been canceled as of December 31, 2015 . As a result, 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. During the year ended December 31, 2016 GGP repurchased 1,887,751 shares of its common stock for $46.2 million . Of the shares repurchased, 627,261 had not been canceled as of December 31, 2016 . As a result, 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.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION PLANS	STOCK-BASED COMPENSATION PLANS Incentive Stock Plans The GGP Inc. 2010 Equity Plan (the "Equity Plan") reserved for issuance of 4% of outstanding shares on a fully diluted basis. 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 10 years. Stock Options Stock options under the Equity Plan generally vest in 25% increments annually from one year from the grant date (subject to certain exceptions in the case of retirement). Options under certain previous equity plans were replaced under the Equity Plan with options, fully vested, in GGP common stock. The following tables summarize stock option activity for the Equity Plan for GGP for the years ended December 31, 2016 , 2015 and 2014 : 2016 2015 2014 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price (2) Shares Weighted Average Exercise Price (2) Stock options Outstanding at January 1, 18,162,700 $ 17.34 19,744,224 $ 17.18 21,565,281 $ 17.11 Granted (1) 247,592 20.81 267,253 28.86 50,000 22.41 Exercised (2,886,986 ) 14.45 (1,374,512 ) 16.54 (1,164,945 ) 15.33 Forfeited (230,509 ) 19.94 (460,588 ) 19.78 (662,820 ) 18.71 Expired (15,608 ) 17.73 (13,677 ) 17.17 (43,292 ) 14.43 Stock options Outstanding at December 31, 15,277,189 $ 17.90 18,162,700 $ 17.34 19,744,224 $ 17.18 1) Included in 2016 grants are 156,331 units related to additional grants required as a result of antidilution provisions triggered by our 2016 distribution of a special dividend declared on December 13, 2016 ( Note 11 ). 2) Changes to prior year weighted average exercise price is due to adjustment of the strike price for the special dividend issued in 2016. Stock Options Outstanding Stock Options Exercisable Range of Exercise Prices Shares Weighted Average Remaining Contractual Term (in years) Weighted Average Exercise Price Shares Weighted Average Remaining Contractual Term (in years) Weighted Average Exercise Price $8.00 - $12.00 1,010,350 3.82 $ 9.60 1,010,350 3.82 $ 9.60 $13.00 - $17.00 4,076,567 4.48 14.53 4,076,567 4.48 14.53 $18.00 - $23.00 9,878,353 6.50 19.83 6,352,711 6.57 19.93 $24.00 - $30.00 311,919 8.22 27.96 57,756 7.31 28.86 Total 15,277,189 5.82 $ 17.90 11,497,384 5.59 $ 17.15 Intrinsic value ($24.98 stock price as of December 31, 2016) $ 108,163 $ 90,025 The weighted-average fair value of stock options as of the grant date, excluding 156,331 of special dividend shares granted during 2016 as a result of antidilution provisions that were triggered by a special dividend distribution, was $4.52 for stock options granted during the year ended December 31, 2016 and $5.84 for stock options granted during the year ended December 31, 2015 . The intrinsic value of stock options exercised during the year was $42.1 million , $22.9 million , and $18.2 million for the year ended December 31, 2016 , December 31, 2015 , and December 31, 2014 , respectively. Restricted Stock Pursuant to the Equity Plan, GGP 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 the 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, 2016 , December 31, 2015 and December 31, 2014 : 2016 2015 2014 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested restricted stock grants outstanding as of beginning of period 206,219 $ 29.16 104,142 $ 14.79 1,242,924 $ 13.99 Granted 329,326 26.20 253,886 29.12 34,100 20.04 Vested (71,570 ) 28.48 (114,563 ) 16.75 (1,154,894 ) 14.08 Canceled (10,379 ) 27.28 (37,246 ) 26.86 (17,988 ) 14.73 Nonvested restricted stock grants outstanding as of end of period 453,596 $ 27.16 206,219 $ 29.16 104,142 $ 14.79 The weighted average remaining contractual term of nonvested awards as of December 31, 2016 was 2.7 years. The fair value of shares vested during the year was $2.0 million , $3.0 million , and $29.5 million for the year ended December 31, 2016 , December 31, 2015 , and December 31, 2014 , respectively. LTIP Units Pursuant to the Equity Plan, GGP made LTIP Unit grants to certain employees and non-employee directors. The vesting terms of these grants are specific to the individual grant. A portion of the shares vest either immediately or on the first anniversary and the remainder vest in equal annual amounts over the next two to four years. Participating employees are required to remain employed for vesting to occur (subject to certain exceptions in the case of retirement). The following table summarizes LTIP Unit activity for the Equity Plan for GGP for the years ended December 31, 2016 and December 31, 2015 : 2016 2015 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value (2) LTIP Units Outstanding at January 1, 1,724,747 $ 29.32 — $ — Granted (1) 2,089,917 25.84 1,758,396 29.32 Exercised — — — — Forfeited (38,862 ) 28.95 (33,649 ) 29.04 Expired — — — — LTIP Units Outstanding at December 31, 3,775,802 $ 27.40 1,724,747 $ 29.32 1) Included in 2016 grants are 19,064 units related to additional grants required as a result of antidilution provisions triggered by our 2016 distribution of a special dividend declared on December 13, 2016 ( Note 11 ). 2) Changes to prior year weighted average grant date fair value is due to adjustment of the strike price for the special dividend issued in 2016. Performance Equity Compensation Pursuant to the Equity Plan, GGP and GGP Inc. made performance restricted stock and LTIP Unit (“equity performance instruments”) grants to certain employees. These grants are subject to certain performance vesting conditions based on Relative TSR of the Equity REIT Index, Relative TSR of the Retail REIT Index, TSR growth of the company, and FFO Growth of the company. The equity performance instruments are considered earned based on meeting these performance vesting conditions, which are each weighted 25% and vest at the end of the three-year performance period. The LTIP Units receive dividends at a ratio of 10% cash and 90% as a dividend reinvestment which is subject to the performance vesting conditions and three-year performance period. The following table summarizes performance restricted stock and LTIP Unit activity for the respective grant year ended December 31, 2016 : 2016 Shares Weighted Average Grant Date Fair Value Nonvested performance grants outstanding as of beginning of period — $ — Granted 593,200 26.07 Vested — — Canceled — — Nonvested performance grants outstanding as of end of period 593,200 $ 26.07 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, restricted stock, and LTIP Units 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, 2016 2015 2014 Risk-free interest rate(*) 1.52 % 1.75 % 2.20 % Dividend yield(*) 3.07 % 2.33 % 2.70 % Expected volatility 25.00 % 25.00 % 30.00 % Expected life (in years) 6.25 6.25 6.25 _______________________________________________________________________________ (*) Weighted average Compensation expense related to stock-based compensation plans is summarized in the following table: Year Ended December 31, 2016 2015 2014 Stock options—Property management and other costs $ 5,833 $ 7,103 $ 7,468 Stock options—General and administrative 10,448 11,006 15,074 Restricted stock—Property management and other costs 2,860 2,853 1,683 Restricted stock—General and administrative 635 603 1,013 LTIP Units - Property management and other costs 1,346 1,046 — LTIP Units - General and administrative 14,804 10,002 — Total $ 35,926 $ 32,613 $ 25,238 Unrecognized compensation expense as of December 31, 2016 is as follows: Year Amount 2017 $ 32,196 2018 20,867 2019 10,604 2020 714 $ 64,381 These amounts may be impacted by future grants, changes in forfeiture estimates or vesting terms, and actual forfeiture rates which differ from estimated forfeitures.

ACCOUNTS RECEIVABLE (Notes)

ACCOUNTS RECEIVABLE (Notes)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE The following table summarizes the significant components of accounts receivable, net. December 31, 2016 December 31, 2015 Trade receivables $ 107,107 $ 109,401 Short-term tenant receivables 1,414 1,321 Straight-line rent receivable 227,859 236,589 Other accounts receivable 3,699 3,916 Total accounts receivable 340,079 351,227 Provision for doubtful accounts (17,883 ) (14,655 ) Total accounts receivable, net $ 322,196 $ 336,572 NOTE 15 NOTES RECEIVABLE The following table summarizes the significant components of notes receivable, net. December 31, 2016 December 31, 2015 Notes receivable 665,289 636,737 Accrued interest 13,207 16,046 Total notes receivable 678,496 652,783 Discount allowance — (11,338 ) Total notes receivable, net 678,496 641,445 On November 11, 2015, we entered into a promissory note with our joint venture partner, Ashkenazy Holding Co., LLC ("AHC"), in which we lent $57.6 million that bears interest at 8% per annum. The note is collateralized by AHC's equity in Miami Design District Associates, which is part of the AACMDD Group, LLC joint venture ("AACMDD"). On November 18, 2016, the maturity date of the note was amended to November 15, 2019. Additionally, AHC may convey the collateral of the note five business days prior to any payment due date within the contract. On September 17, 2015, we entered into a promissory note with our joint venture partner, AHC, in which we lent $40.4 million that bears interest at 6% per annum. The note is collateralized by AHC's equity in Miami Design District Associates, which is part of AACMDD. On November 18, 2016, the maturity date of the note was amended to September 17, 2019. Additionally, AHC may convey the collateral of the note five business days prior to any payment due date within the contract. On June 30, 2015, we entered into a promissory note with our joint venture partner MKB (defined in Note 6 ), in which we would lend MKB up to $80 million for capital calls after an initial contribution of $80 million by MKB and until the joint venture secured construction financing. This loan bears interest at LIBOR plus 6% and is secured by MKB's partnership interest in AMX, which is constructing a luxury residential condominium tower on a site located within the Ala Moana Shopping Center. As of December 31, 2016 , there was $16.3 million outstanding on this loan. Construction financing closed during the third quarter of 2015. Notes receivable includes $204.3 million of notes receivables from our joint venture partners related to the acquisition of 730 Fifth Avenue in New York, New York ( Note 3 ). The first note was issued for $104.3 million , bears interest at 8.0% compounded annually and matures on February 12, 2025. The second note was issued for $100.0 million to the joint venture partner acquiring the office portion of the property and bears interest at 9.0% subject to terms and conditions in the loan agreement and matures on April 17, 2025. As of December 31, 2016 , there was $232.9 million outstanding on these loans. Also included in notes receivable is $125.7 million and $51.7 million due from our joint venture partner related to the acquisition of the properties at 685 Fifth Avenue and 530 Fifth Avenue in New York, New York. The notes receivable bear interest at 7.5% and 9% , respectively. Interest is compounded quarterly with accrued but unpaid interest increasing the loan balance. The notes are collateralized by our partner's ownership interest in the joint ventures. The loans mature on June 27, 2024 and June 18, 2024, respectively. On July 29, 2016, we settled a note receivable in the net amount of $78.9 million issued to Rique Empreendimentos e Participacoes Ltda. ("Rique") in exchange for approximately 18.3 million shares in Aliansce Shopping Centers, S.A. ("Aliansce"), resulting in an 11.3% ownership in Aliansce. On September 29, 2016, we sold the 18.3 million shares in Aliansce to the Canada Pension Plan Investment Board for a sales price of $84.9 million . The note receivable was issued in conjunction with our sale of Aliansce to Rique and Canada Pension Plan Investment Board on September 30, 2013. The note receivable was denominated in Brazilian Reais, bore interest at an effective interest rate of approximately 14% , was collateralized by shares of common stock in Aliansce, and required annual principal and interest payments over the term. As the note receivable was a collateral dependent loan, we originally estimated the provision for loss based on the fair value of the market price of the Aliansce shares which served as the collateral for the loan. Upon the settlement of the note during 2016 , we decreased the provision for loan loss based on the final sales price. During 2016 , w e recognized a $29.6 million loss on the note recorded in the provision for loan loss on the Consolidated Statements of Operations and Comprehensive Income based on the value of the collateral and included accrued interest of $7.5 million in the provision for loan loss. We recognized the impact of changes in the exchange rate on the note receivable as gain or loss on foreign currency in our Consolidated Statements of Operations and Comprehensive Income.

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
NOTES RECEIVABLE	ACCOUNTS RECEIVABLE The following table summarizes the significant components of accounts receivable, net. December 31, 2016 December 31, 2015 Trade receivables $ 107,107 $ 109,401 Short-term tenant receivables 1,414 1,321 Straight-line rent receivable 227,859 236,589 Other accounts receivable 3,699 3,916 Total accounts receivable 340,079 351,227 Provision for doubtful accounts (17,883 ) (14,655 ) Total accounts receivable, net $ 322,196 $ 336,572 NOTE 15 NOTES RECEIVABLE The following table summarizes the significant components of notes receivable, net. December 31, 2016 December 31, 2015 Notes receivable 665,289 636,737 Accrued interest 13,207 16,046 Total notes receivable 678,496 652,783 Discount allowance — (11,338 ) Total notes receivable, net 678,496 641,445 On November 11, 2015, we entered into a promissory note with our joint venture partner, Ashkenazy Holding Co., LLC ("AHC"), in which we lent $57.6 million that bears interest at 8% per annum. The note is collateralized by AHC's equity in Miami Design District Associates, which is part of the AACMDD Group, LLC joint venture ("AACMDD"). On November 18, 2016, the maturity date of the note was amended to November 15, 2019. Additionally, AHC may convey the collateral of the note five business days prior to any payment due date within the contract. On September 17, 2015, we entered into a promissory note with our joint venture partner, AHC, in which we lent $40.4 million that bears interest at 6% per annum. The note is collateralized by AHC's equity in Miami Design District Associates, which is part of AACMDD. On November 18, 2016, the maturity date of the note was amended to September 17, 2019. Additionally, AHC may convey the collateral of the note five business days prior to any payment due date within the contract. On June 30, 2015, we entered into a promissory note with our joint venture partner MKB (defined in Note 6 ), in which we would lend MKB up to $80 million for capital calls after an initial contribution of $80 million by MKB and until the joint venture secured construction financing. This loan bears interest at LIBOR plus 6% and is secured by MKB's partnership interest in AMX, which is constructing a luxury residential condominium tower on a site located within the Ala Moana Shopping Center. As of December 31, 2016 , there was $16.3 million outstanding on this loan. Construction financing closed during the third quarter of 2015. Notes receivable includes $204.3 million of notes receivables from our joint venture partners related to the acquisition of 730 Fifth Avenue in New York, New York ( Note 3 ). The first note was issued for $104.3 million , bears interest at 8.0% compounded annually and matures on February 12, 2025. The second note was issued for $100.0 million to the joint venture partner acquiring the office portion of the property and bears interest at 9.0% subject to terms and conditions in the loan agreement and matures on April 17, 2025. As of December 31, 2016 , there was $232.9 million outstanding on these loans. Also included in notes receivable is $125.7 million and $51.7 million due from our joint venture partner related to the acquisition of the properties at 685 Fifth Avenue and 530 Fifth Avenue in New York, New York. The notes receivable bear interest at 7.5% and 9% , respectively. Interest is compounded quarterly with accrued but unpaid interest increasing the loan balance. The notes are collateralized by our partner's ownership interest in the joint ventures. The loans mature on June 27, 2024 and June 18, 2024, respectively. On July 29, 2016, we settled a note receivable in the net amount of $78.9 million issued to Rique Empreendimentos e Participacoes Ltda. ("Rique") in exchange for approximately 18.3 million shares in Aliansce Shopping Centers, S.A. ("Aliansce"), resulting in an 11.3% ownership in Aliansce. On September 29, 2016, we sold the 18.3 million shares in Aliansce to the Canada Pension Plan Investment Board for a sales price of $84.9 million . The note receivable was issued in conjunction with our sale of Aliansce to Rique and Canada Pension Plan Investment Board on September 30, 2013. The note receivable was denominated in Brazilian Reais, bore interest at an effective interest rate of approximately 14% , was collateralized by shares of common stock in Aliansce, and required annual principal and interest payments over the term. As the note receivable was a collateral dependent loan, we originally estimated the provision for loss based on the fair value of the market price of the Aliansce shares which served as the collateral for the loan. Upon the settlement of the note during 2016 , we decreased the provision for loan loss based on the final sales price. During 2016 , w e recognized a $29.6 million loss on the note recorded in the provision for loan loss on the Consolidated Statements of Operations and Comprehensive Income based on the value of the collateral and included accrued interest of $7.5 million in the provision for loan loss. We recognized the impact of changes in the exchange rate on the note receivable as gain or loss on foreign currency in our Consolidated Statements of Operations and Comprehensive Income.

Prepaid Expense and Other Asset

Prepaid Expense and Other Assets	12 Months Ended
	Dec. 31, 2016
Prepaid Expense and Other Assets [Abstract]
PREPAID EXPENSES AND OTHER ASSETS	PREPAID EXPENSES AND OTHER ASSETS The following table summarizes the significant components of prepaid expenses and other assets. December 31, 2016 December 31, 2015 Gross Asset Accumulated Amortization Balance Gross Asset Accumulated Amortization Balance Intangible assets: Above-market tenant leases, net $ 512,802 $ (368,900 ) $ 143,902 $ 644,728 $ (416,181 ) $ 228,547 Below-market ground leases, net 118,994 (12,788 ) 106,206 119,545 (10,761 ) 108,784 Real estate tax stabilization agreement, net 111,506 (38,769 ) 72,737 111,506 (32,458 ) 79,048 Total intangible assets $ 743,302 $ (420,457 ) $ 322,845 $ 875,779 $ (459,400 ) $ 416,379 Remaining Prepaid expenses and other assets: Security and escrow deposits 59,054 87,818 Prepaid expenses 46,709 43,809 Other non-tenant receivables (1) 34,677 326,391 Deferred tax, net of valuation allowances 6,943 19,743 Marketable securities — 45,278 Other 36,293 29,455 Total remaining Prepaid expenses and other assets 183,676 552,494 Total Prepaid expenses and other assets $ 506,521 $ 968,873 (1) December 31, 2015 balance includes receivable from our joint venture partners received upon completion of the redevelopment at Ala Moana in the fourth quarter of 2016.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	ACCOUNTS PAYABLE AND ACCRUED EXPENSES The following table summarizes the significant components of accounts payable and accrued expenses. December 31, 2016 December 31, 2015 Gross Liability Accumulated Accretion Balance Gross Liability Accumulated Accretion Balance Intangible liabilities: Below-market tenant leases, net $ 267,048 $ (172,210 ) $ 94,838 $ 356,115 $ (203,474 ) $ 152,641 Above-market headquarters office leases, net 15,268 (10,346 ) 4,922 15,268 (8,604 ) 6,664 Above-market ground leases, net 9,127 (2,258 ) 6,869 9,127 (1,890 ) 7,237 Total intangible liabilities $ 291,443 $ (184,814 ) $ 106,629 $ 380,510 $ (213,968 ) $ 166,542 Remaining Accounts payable and accrued expenses: Accrued interest 47,821 46,129 Accounts payable and accrued expenses 87,485 64,954 Accrued real estate taxes 87,313 80,599 Deferred gains/income 91,720 125,701 Accrued payroll and other employee liabilities 57,721 66,970 Construction payable 115,077 158,027 Tenant and other deposits 15,061 25,296 Insurance reserve liability 14,184 15,780 Capital lease obligations 5,386 11,385 Conditional asset retirement obligation liability 5,327 5,927 Other 21,638 17,183 Total remaining Accounts payable and accrued expenses 548,733 617,951 Total Accounts payable and accrued expenses $ 655,362 $ 784,493

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Components of accumulated other comprehensive loss as of December 31, 2016 and 2015 are as follows: December 31, 2016 December 31, 2015 Net unrealized gains on financial instruments $ 104 $ 100 Foreign currency translation (70,560 ) (84,798 ) Unrealized gains on available-for-sale securities — 11,894 Accumulated other comprehensive loss $ (70,456 ) $ (72,804 )

LITIGATION

LITIGATION	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	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. Neither the Company nor any of the Unconsolidated Real Estate Affiliates is currently involved in any material pending legal proceedings nor, to our knowledge, is any material legal proceeding currently threatened against the Company or any of the Unconsolidated Real Estate Affiliates. 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 The Rouse Company, LP, 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, GGP Operating Partnership, LP ("GGPOP") and other affiliates were later included as Urban Defendants. The lawsuit alleged, 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 Urban Plaintiffs sought relief in the form of unspecified monetary damages and equitable relief requiring, among other things, the Urban Defendants, including the predecessor entity to GGP ("GGP, Inc.") and its affiliates, to engage in certain future transactions through Urban. On May 19, 2014 the Company settled the litigation and recorded a loss of $17.9 million , which is included in General and administrative expense in our Consolidated Statements of Operations and Comprehensive Income. The Company invested $60.0 million in Urban and contributed, at fair value, a 5.6% interest in three assets in exchange for preferred equity interests. The Company has no obligation to engage in future activity through Urban other than transactions associated with currently existing partnership assets. Tax Indemnification Liability Pursuant to various agreements made during GGP's emergence from bankruptcy in 2010, GGP previously indemnified Howard Hughes Corporation ("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 Master Planned Communities ("MPC") taxes 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 disagreed 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 United States Tax Court rendered its opinion on June 2, 2014, in favor of the IRS. On September 15, 2014, the United States Tax Court formally entered its decision awarding the IRS $144.1 million in taxes for 2007 and 2008. On December 12, 2014, we reached an agreement with HHC for settlement, which included the transfer of six office properties with a historical cost of $106.8 million and an agreed-upon value of $130.0 million and cash of $138.0 million in full settlement of the $322.0 million tax indemnification liability ( $303.8 million plus applicable interest). As a result of the settlement, GGP recognized a gain on extinguishment of tax indemnification liability of approximately $77.2 million included in discontinued operations on the Consolidated Statements of Operations and Comprehensive Income for the year ended December 31, 2014.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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: Year Ended December 31, 2016 2015 2014 Contractual rent expense, including participation rent $ 8,589 $ 8,546 $ 13,605 Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent 6,278 6,183 9,036 See Note 8 and Note 19 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: 2017 2018 2019 2020 2021 Subsequent/ Other Total Mortgages, notes and loans payable $ 365,549 $ 500,624 $ 1,059,628 $ 1,647,570 $ 2,841,413 $ 6,015,634 $ 12,430,418 Retained debt-principal 1,711 1,808 1,909 81,042 — — 86,470 Purchase obligations 144,498 — — — — — 144,498 Ground lease payments 6,726 6,698 6,790 6,972 7,025 241,348 275,559 Junior Subordinated Notes (1) — — — — — 206,200 206,200 Total $ 518,484 $ 509,130 $ 1,068,327 $ 1,735,584 $ 2,848,438 $ 6,463,182 $ 13,143,145 _______________________________________________________________________________ (1) The $206.2 million of Junior Subordinated Notes are due in 2036, 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 2021 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2016 , no events occurred that require recognition or disclosure in the consolidated financial statements, except as recognized or disclosed previously.

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Quarterly data for the year ended December 31, 2016 and 2015 is summarized in the table below. In Q4 2015, Q1 2016, Q2 2016 and Q3 2016 they include the impact of provisions for impairment ( Note 2 ). In each quarter of 2015 and 2016 the adjustments include gains from changes in control of investment properties in continuing operations and gains on investment in Unconsolidated Real Estate Affiliates ( Note 3 ). 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 607,032 $ 574,586 $ 554,493 $ 610,335 Operating income 173,980 216,035 153,417 256,818 Income from continuing operations 195,337 189,901 681,748 241,284 Net income attributable to common shareholders 187,796 181,962 670,194 232,476 Basic Earnings Per Share 0.21 0.21 0.76 0.26 Diluted Earnings Per Share 0.20 0.19 0.70 0.24 Dividends declared per share 0.19 0.19 0.20 0.48 Weighted-average shares outstanding: Basic 882,673 883,381 885,092 884,948 Diluted 950,154 952,290 955,856 950,301 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 594,143 $ 579,805 $ 585,324 $ 644,634 Operating income 202,813 227,378 224,975 268,727 Income from continuing operations 641,750 427,853 127,366 196,627 Net income attributable to common shareholders 630,747 417,956 119,868 190,053 Basic Earnings Per Share 0.71 0.47 0.14 0.22 Diluted Earnings Per Share 0.66 0.44 0.13 0.20 Dividends declared per share 0.17 0.17 0.18 0.19 Weighted-average shares outstanding: Basic 885,462 886,218 884,640 882,419 Diluted 954,432 952,597 949,061 948,418 _____________________________________________________________________________

SCHEDULE III - REAL ESTATE AND

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	GGP INC. SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2016 (Dollars in thousands) Acquisition Cost(b) Costs Capitalized Subsequent to Acquisition Gross Amounts at Which Carried at Close of Period(c) Name of Center Location Encumbrances(a) Land Buildings and Improvements Land Buildings and Improvements Land Buildings and Improvements Total Accumulated Depreciation(d) Date Acquired Life Upon Which Latest Statement of Operation is Computed Apache Mall Rochester, MN — 17,738 116,663 8,043 15,111 25,781 131,774 157,555 25,609 November, 2010 (d) Augusta Mall Augusta, GA 169,759 25,450 137,376 — 8,620 25,450 145,996 171,446 32,068 November, 2010 (d) Baybrook Mall Friendswood, TX 254,814 76,527 288,241 (1,091 ) 6,842 75,436 295,083 370,519 50,698 November, 2010 (d) Beachwood Place Beachwood, OH 219,500 59,156 196,205 1,355 21,769 60,511 217,974 278,485 32,952 November, 2010 (d) Bellis Fair Bellingham, WA 86,550 14,122 102,033 — 24,788 14,122 126,821 140,943 22,864 November, 2010 (d) Boise Towne Square Boise, ID 146,854 44,182 163,118 — 9,270 44,182 172,388 216,570 31,068 November, 2010 (d) Brass Mill Center Waterbury, CT 66,274 31,496 99,107 — 8,165 31,496 107,272 138,768 23,874 November, 2010 (d) Coastland Center Naples, FL 119,332 24,470 166,038 — 1,875 24,470 167,913 192,383 29,476 November, 2010 (d) Columbia Mall Columbia, MO — 7,943 107,969 (154 ) 596 7,789 108,565 116,354 17,808 November, 2010 (d) Columbiana Centre Columbia, SC 123,927 22,178 125,061 — 3,236 22,178 128,297 150,475 23,157 November, 2010 (d) Coral Ridge Mall Coralville, IA 110,870 20,178 134,515 2,219 3,053 22,397 137,568 159,965 25,853 November, 2010 (d) Coronado Center Albuquerque, NM 189,520 28,312 153,526 4,545 47,280 32,857 200,806 233,663 38,219 November, 2010 (d) Crossroads Center St. Cloud, MN 99,102 15,499 103,077 — 6,685 15,499 109,762 125,261 18,479 November, 2010 (d) Cumberland Mall Atlanta, GA 159,769 36,913 138,795 (309 ) 13,352 36,604 152,147 188,751 28,945 November, 2010 (d) Deerbrook Mall Humble, TX 140,539 36,761 133,448 — 16,123 36,761 149,571 186,332 23,552 November, 2010 (d) Eastridge Mall Casper, WY 43,105 5,484 36,756 — 8,370 5,484 45,126 50,610 13,058 November, 2010 (d) Fashion Place Murray, UT 226,325 24,068 232,456 2,079 38,930 26,147 271,386 297,533 44,419 November, 2010 (d) Four Seasons Town Centre Greensboro, NC 74,325 17,259 126,570 — 6,246 17,259 132,816 150,075 33,997 November, 2010 (d) Fox River Mall Appleton, WI 171,923 42,259 217,932 — 2,239 42,259 220,171 262,430 36,309 November, 2010 (d) Glenbrook Square Fort Wayne, IN 161,731 30,965 147,002 2,444 15,555 33,409 162,557 195,966 28,381 November, 2010 (d) Governor's Square Tallahassee, FL 69,307 18,289 123,088 — 10,781 18,289 133,869 152,158 36,206 November, 2010 (d) Grand Teton Mall Idaho Falls, ID 45,259 13,066 59,658 (1,026 ) (4,462 ) 12,040 55,196 67,236 10,603 November, 2010 (d) Greenwood Mall Bowling Green, KY 62,864 12,459 85,370 (330 ) 639 12,129 86,009 98,138 20,079 November, 2010 (d) Hulen Mall Fort Worth, TX 122,821 8,665 112,252 — 23,546 8,665 135,798 144,463 21,897 November, 2010 (d) Jordan Creek Town Center West Des Moines, IA 209,087 54,663 262,608 (226 ) 1,244 54,437 263,852 318,289 43,863 November, 2010 (d) Lakeside Mall Sterling Heights, MI 144,451 36,993 130,460 (15,366 ) (66,866 ) 21,627 63,594 85,221 780 November, 2010 (d) Lynnhaven Mall Virginia Beach, VA 234,482 54,628 219,013 (90 ) 53,302 54,538 272,315 326,853 45,128 November, 2010 (d) Mall of Louisiana Baton Rouge, LA — 88,742 319,097 — 6,599 88,742 325,696 414,438 53,430 November, 2010 (d) Mall St. Matthews Louisville, KY 184,482 42,014 155,809 (6,522 ) 13,178 35,492 168,987 204,479 29,656 November, 2010 (d) Market Place Shopping Center Champaign, IL 112,905 21,611 111,515 — 27,193 21,611 138,708 160,319 24,584 November, 2010 (d) Mayfair Mall Wauwatosa, WI 346,452 84,473 352,140 (1,950 ) 41,682 82,523 393,822 476,345 60,926 November, 2010 (d) Meadows Mall Las Vegas, NV 150,557 30,275 136,846 — 1,596 30,275 138,442 168,717 23,151 November, 2010 (d) Mondawmin Mall Baltimore, MD 84,880 19,707 63,348 — 22,789 19,707 86,137 105,844 17,953 November, 2010 (d) North Point Mall San Antonio, TX 249,631 57,900 228,517 — 10,081 57,900 238,598 296,498 46,055 November, 2010 (d) North Star Mall Northridge, CA 312,333 91,135 392,422 — 10,800 91,135 403,222 494,357 63,780 November, 2010 (d) Northridge Fashion Center Alpharetta, GA 228,724 66,774 238,023 — 32,482 66,774 270,505 337,279 44,731 November, 2010 (d) Acquisition Cost(b) Costs Capitalized Subsequent to Acquisition Gross Amounts at Which Carried at Close of Period(c) Name of Center Location Encumbrances(a) Land Buildings and Improvements Land Buildings and Improvements Land Buildings and Improvements Total Accumulated Depreciation(d) Date Acquired Life Upon Which Latest Statement of Operation is Computed NorthTown Mall Spokane, WA 86,210 12,310 108,857 — 26,233 12,310 135,090 147,400 20,990 November, 2010 (d) Oak View Mall Omaha, NE 77,644 20,390 107,216 — (916 ) 20,390 106,300 126,690 16,540 November, 2010 (d) Oakwood Center Gretna, LA 86,475 21,105 74,228 — 24,481 21,105 98,709 119,814 19,434 November, 2010 (d) Oakwood Mall Eau Claire, WI 70,692 13,786 92,114 204 5,098 13,990 97,212 111,202 17,531 November, 2010 (d) Oglethorpe Mall Savannah, GA 149,773 27,075 157,100 — 1,223 27,075 158,323 185,398 25,638 November, 2010 (d) Oxmoor Center Louisville, KY 87,186 — 117,814 — 11,585 — 129,399 129,399 22,861 November, 2010 (d) Paramus Park Paramus, NJ 119,515 31,320 102,054 — 6,783 31,320 108,837 140,157 20,466 November, 2010 (d) Park City Center Lancaster, PA 180,831 42,451 195,409 — 2,251 42,451 197,660 240,111 31,052 November, 2010 (d) Park Place Tucson, AZ 182,865 61,907 236,019 — 6,726 61,907 242,745 304,652 38,396 November, 2010 (d) Peachtree Mall Columbus, GA 78,974 13,855 92,143 942 4,772 14,797 96,915 111,712 16,030 November, 2010 (d) Pecanland Mall Monroe, LA 86,997 12,943 73,231 — 10,179 12,943 83,410 96,353 16,976 November, 2010 (d) Pembroke Lakes Mall Pembroke Pines, FL 259,115 64,883 254,910 — (9,318 ) 64,883 245,592 310,475 40,637 November, 2010 (d) Pioneer Place Portland, OR 126,621 — 97,096 — 17,471 — 114,567 114,567 17,180 November, 2010 (d) Prince Kuhio Plaza Hilo, HI 42,098 — 52,373 — 11,323 — 63,696 63,696 16,929 November, 2010 (d) Providence Place Providence, RI 385,969 — 400,893 — 56,166 — 457,059 457,059 66,855 November, 2010 (d) Quail Springs Mall Oklahoma City, OK 67,120 40,523 149,571 — 7,939 40,523 157,510 198,033 21,657 June, 2013 (d) Red Cliffs Mall St. George, UT 31,073 6,811 33,930 — 529 6,811 34,459 41,270 10,373 November, 2010 (d) Ridgedale Center Minnetonka, MN — 39,495 151,090 (4,089 ) 87,946 35,406 239,036 274,442 29,425 November, 2010 (d) Riverchase Galleria Birmingham, AL 220,665 53,423 271,508 — — 53,423 271,508 324,931 57,952 November, 2016 (d) River Hills Mall Mankato, MN 70,733 16,207 85,608 — 6,325 16,207 91,933 108,140 15,414 November, 2010 (d) Rivertown Crossings Grandville, MI 155,287 47,790 181,770 (504 ) 5,114 47,286 186,884 234,170 31,736 November, 2010 (d) Sooner Mall Norman, OK 71,604 9,902 69,570 — 2,757 9,902 72,327 82,229 13,245 November, 2010 (d) Spokane Valley Mall Spokane, WA 58,127 16,817 100,209 — (8,216 ) 16,817 91,992 108,809 19,237 November, 2010 (d) Staten Island Mall Staten Island, NY 252,664 102,227 375,612 — (3,908 ) 102,227 371,704 473,931 60,428 November, 2010 (d) Stonestown Galleria San Francisco, CA 179,793 65,962 203,043 (1,686 ) 31,875 64,276 234,918 299,194 32,732 November, 2010 (d) The Crossroads Portage, MI 94,846 20,261 95,463 1,110 4,523 21,371 99,986 121,357 15,410 November, 2010 (d) The Gallery at Harborplace Baltimore, MD 79,455 15,930 112,117 — 9,170 15,930 121,287 137,217 25,192 November, 2010 (d) The Maine Mall South Portland, ME 234,649 36,205 238,067 (1,909 ) 8,394 34,296 246,461 280,757 40,536 November, 2010 (d) The Mall in Columbia Columbia, MD 341,086 124,540 479,171 — 25,155 124,540 504,326 628,866 80,027 November, 2010 (d) The Oaks Mall Gainesville, FL 129,191 21,954 173,353 — (1,792 ) 21,954 171,561 193,515 25,586 April, 2012 (d) The Parks at Arlington Arlington, TX 252,317 19,807 299,708 49 19,691 19,856 319,399 339,255 56,615 November, 2010 (d) The Shoppes at Buckland Manchester, CT 120,415 35,180 146,474 (280 ) 7,470 34,900 153,944 188,844 24,659 November, 2010 (d) The Shops at Fallen Timbers Maumee, OH 21,014 3,785 31,771 (535 ) (1,721 ) 3,250 30,050 33,300 11,117 November, 2010 (d) The Shops at La Cantera San Antonio, TX 349,275 80,016 350,737 — 25,296 80,016 376,032 456,048 68,816 November, 2010 (d) The Streets at SouthPoint Durham, NC 248,150 66,045 242,189 — 125 66,045 242,314 308,359 42,503 November, 2010 (d) The Woodlands Mall The Woodlands, TX 245,245 84,889 349,315 2,315 39,644 87,204 388,959 476,163 61,971 November, 2010 (d) Town East Mall Mesquite, TX 159,898 9,928 168,555 — 6,135 9,928 174,690 184,618 29,547 November, 2010 (d) Tucson Mall Tucson, AZ 245,539 2,071 193,815 — 77,525 2,071 271,340 273,411 44,048 November, 2010 (d) Tysons Galleria McLean, VA 305,972 90,317 351,005 (105 ) 9,920 90,212 360,925 451,137 54,207 November, 2010 (d) Valley Plaza Mall Bakersfield, CA 239,793 38,964 211,930 — 1,134 38,964 213,064 252,028 35,868 November, 2010 (d) Visalia Mall Visalia, CA 73,936 11,912 80,185 — 2,375 11,912 82,560 94,472 13,449 November, 2010 (d) Acquisition Cost(b) Costs Capitalized Subsequent to Acquisition Gross Amounts at Which Carried at Close of Period(c) Name of Center Location Encumbrances(a) Land Buildings and Improvements Land Buildings and Improvements Land Buildings and Improvements Total Accumulated Depreciation(d) Date Acquired Life Upon Which Latest Statement of Operation is Computed Westlake Center Seattle, WA 46,152 19,055 129,295 (14,819 ) (78,954 ) 4,236 50,341 54,577 10,749 November, 2010 (d) Westroads Mall Omaha, NE 145,978 32,776 184,253 — 34,002 32,776 218,255 251,031 34,383 April, 2012 (d) White Marsh Mall Baltimore, MD 189,754 43,880 177,194 4,125 6,113 48,005 183,307 231,312 29,051 November, 2010 (d) Willowbrook Wayne, NJ 359,410 110,660 419,822 — 24,665 110,660 444,487 555,147 73,655 November, 2010 (d) Woodbridge Center Woodbridge, NJ 249,408 67,825 242,744 — 28,357 67,825 271,101 338,926 73,463 November, 2010 (d) Office, other and construction in progress (e) 254,648 100,106 361,250 47,936 611,032 148,044 972,281 1,120,325 83,112 Various (d) Total $ 12,636,616 $ 3,039,642 $ 14,737,835 $ 26,375 $ 1,605,366 $ 3,066,019 $ 16,343,198 $ 19,409,217 $ 2,737,286 _______________________________________________________________________________ (a) See description of mortgages, notes and other loans payable in Note 7 of Notes to Consolidated Financial Statements. Includes $1.4 billion cross-collateralized loan. (b) Acquisition for individual properties represents historical cost at the end of the month acquired. (c) The aggregate cost of land, buildings and improvements of consolidated properties for federal income tax purposes is approximately $15.4 billion . (d) Depreciation is computed 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 (e) Office and other retail properties. GGP INC. NOTES TO SCHEDULE III (Dollars in thousands) Reconciliation of Real Estate 2016 2015 2014 (In thousands) Balance at beginning of period $ 20,285,046 $ 22,977,310 $ 22,998,275 Additions 958,651 765,960 703,227 Impairments (130,619 ) — (5,278 ) Dispositions, transfers and write-offs (1,703,861 ) (3,458,224 ) (718,914 ) Balance at end of period $ 19,409,217 $ 20,285,046 $ 22,977,310 Reconciliation of Accumulated Depreciation 2016 2015 2014 (In thousands) Balance at beginning of period $ 2,452,127 $ 2,280,845 $ 1,884,861 Depreciation expense 620,540 607,192 685,006 Dispositions, transfers and write-offs (335,381 ) (435,910 ) (289,022 ) Balance at end of period $ 2,737,286 $ 2,452,127 $ 2,280,845

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
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. Noncontrolling interests are included on our Consolidated Balance Sheets related to the Common, Preferred, and LTIP Units of GGPOP and are presented either as redeemable noncontrolling interests or as noncontrolling interests in our permanent equity. E ach of the Operating Partnerships are variable interest entities as the limited partners do not have substantive kick-out rights or substantive participating rights. However, as the Company holds a majority voting interest in the Operating Partnerships, it qualifies for the exemption from providing certain of the disclosure requirements associated with variable interest entities. 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. The Company's chief operating decision maker is comprised of a team of several members of executive management who use Company NOI in assessing segment operating performance. We do not distinguish or group our consolidated operations based on geography, size or type for purposes of making property operating decisions. Our operating properties have similar economic characteristics and provide similar products and services to our tenants. There are no individual operating segments that are greater than 10% of combined revenue, Company NOI, or combined assets. Company NOI excludes certain non-cash and non-comparable items such as straight-line rent and intangible asset and liability amortization, which are a result of our emergence, acquisition accounting and other capital contribution or restructuring events. 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 For the year ended December 31, 2015 , loans to our joint venture partners of $613.0 million were reclassified from accounts and notes receivable, net to notes receivable, net. In addition, accrued interest related to the loans to our joint ventures of $28.4 million were reclassified from prepaid expenses and other assets to notes receivable, net. The reclassification is to conform the prior period to the current year presentation and is intended to disaggregate the components of our receivables by type. It is a change from one acceptable presentation to another acceptable presentation.
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 occurring, 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 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. 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.
Investments in Unconsolidated Real Estate Affiliates (Note 6)	Investments in Unconsolidated Real Estate Affiliates ( Note 6 ) We account for investments in joint ventures where we own a non-controlling joint interest using either the equity method or the cost method. If we have significant influence but not control over the investment, we utilize the equity method. If we have neither control nor significant influence, we utilize the cost 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. Under the cost method, the cost of our investment is not adjusted for our share of the earnings of such Unconsolidated Real Estate Affiliates from the date of acquisition and distributions are treated as earnings when 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"). A limited partnership or other similar entity is considered a VIE unless a simple majority of limited partners (excluding limited partners that are under common control with the general partner) have substantive kick-out rights or participating rights. Recent accounting guidance amended the following: (i) modified the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities, (ii) eliminated the presumption that a general partner should consolidate a limited partnership, (iii) affected the consolidation analysis of reporting entities that are involved with VIEs, and (iv) provided a scope exception for certain entities. If an entity is determined to be a VIE, we determine which party is the 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. The adoption of the recent consolidation guidance did not materially impact our consolidated financial statements. 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 6 ), 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 5 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. To the extent that we contribute assets to a joint venture accounted for using the equity method, our investment in the joint venture is recorded at our cost basis in the assets that were contributed to the joint venture. We will recognize gains and losses on the contribution of our real estate to joint ventures, relating solely to the outside partner’s interest, to the extent the buyer is independent of the Company, the collection of the sales price is reasonably assured, and we will not be required to support the operations of the property or its related obligations to an extent greater than our proportionate interest. The combined summarized financial information of unconsolidated joint ventures is disclosed in Note 6 to the Consolidated Financial Statements. 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 buildings 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 leasehold 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.
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-market and below-market tenant leases on acquired properties and properties that were recorded at fair value at the emergence from bankruptcy. The following is a summary of amortization of straight-line rent, net amortization/accretion related to above-market and below-market tenant leases and termination income, which is included in minimum rents: Year Ended December 31, 2016 2015 2014 Amortization of straight-line rent $ 11,867 $ 27,809 $ 48,254 Net amortization/accretion of above and below-market tenant leases (33,639 ) (55,062 ) (66,258 ) Lease termination income 16,021 13,786 10,590 The following is a summary of straight-line rent receivables, which are included in accounts receivable, net in our Consolidated Balance Sheets and are reduced for allowances and amounts doubtful of collection: December 31, 2016 December 31, 2015 Straight-line rent receivables, net $ 226,226 $ 234,862 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.
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. 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 and in property management and other costs in the Condensed Combined Statements of Income in Note 6 .
Income Taxes (Note 8)	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 would apply to our taxable income at regular corporate rates, or we may be subject to applicable alternative minimum tax. 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, 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. We earn investment tax credits related to solar projects at certain properties. We use the flow through method of accounting for investment tax credits. Under this method, investment tax credits are recognized as a reduction to income tax expense in the year they are earned.
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 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. Changes in economic and operating conditions that occur subsequent to our review of recoverability of our properties could impact the assumptions used in that assessment and could result in future impairment if assumptions regarding those properties differ from actual results. During the year ended December 31, 2016 , we recorded a $73.0 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. The impairment charge related to three operating properties. We received bona fide purchase offers for two properties which were less than their respective carrying values. The other property had non-recourse debt maturing during 2016 that exceeded the fair value of the operating property. This property was transferred to a special servicer in 2016 . During the year ended December 31, 2015 , we recorded an $8.6 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. This impairment charge related to one operating property and was recorded because the estimated fair value of the property, based on a bona-fide purchase offer, was less than the carrying value of the property. During the year ended December 31, 2014 , we recorded a $5.3 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. This impairment charge related to one operating property and was recorded because the estimated fair value of the property, based on a bona-fide purchase offer was less than the carrying value of the property. 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 performed 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. An impairment of $3.2 million related to our investments in Unconsolidated Real Estate Affiliates was recognized for the year ended December 31, 2015 . This impairment charge related to one operating property and was recorded because the estimated fair value of the property, based on a bona-fide purchase offer, was less than the carrying value of the property. No impairments related to our investments in Unconsolidated Real Estate Affiliates were recognized for the years ended December 31, 2016 and 2014 .
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 (Note 5)	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 years ended December 31, 2016 , 2015 and 2014 , which were based on Level 2 and Level 3 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 5 also includes a discussion of available-for-sale securities measured at fair value on a recurring basis using Level 1 inputs. Note 11 includes a discussion of certain redeemable noncontrolling interests that are measured at fair value using Level 1 inputs.
Concentration of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents. We are exposed to credit risk with respect to cash held at various financial institutions and access to our credit facility. Our credit risk exposure with regard to our cash and the $1.5 billion , including the uncommitted accordion feature, available under our credit facility is spread among a diversified group of investment grade financial institutions. We had no amount and $315.0 million outstanding under our credit facility as of December 31, 2016 and 2015 , respectively.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Effective January 1, 2018, companies will be required to apply a five-step model in accounting for revenue. The core principle of the revenue model is that a company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Lease contracts will be excluded from this revenue recognition criteria; however, the sale of real estate will be required to follow the new model. Expanded quantitative and qualitative disclosures regarding revenue recognition will be required for contracts that are subject to this pronouncement. The Company has completed a preliminary review of the potential impact of this pronouncement to determine specific areas that will be affected by the adoption of this standard. Once the new guidance setting forth principles for the recognition, measurement, presentation and disclosure of leases (discussed below) goes into effect, the new revenue standard may apply to executory costs and other components of revenue due under leases that are deemed to be non-lease components (such as common area maintenance and provision of utilities), even when the revenue for such activities is not separately stipulated in the lease. In that case, then revenue from these items previously recognized on a straight-line basis under current lease guidance would be recognized under the new revenue guidance as the related services are delivered. As a result, while the total revenue recognized over time would not differ under the new guidance, the recognition pattern would be different. The new standard can be adopted either retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. The company is currently evaluating the adoption method that will be used for the implementation. In February 2016, the FASB issued Accounting Standards Update ("ASU") 2016-02 which will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Under ASU 2016-02, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Lessor accounting remains substantially similar to current GAAP. In addition, disclosures of leasing activities are to be expanded to include qualitative along with specific quantitative information. For public entities, ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. ASU 2016-02 mandates a modified retrospective transition method. The Company is evaluating the potential impact of this pronouncement on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07 which eliminates the requirement for retrospective application of equity method accounting when an investment previously accounted for by another method initially qualifies for the equity method. This standard is effective for all entities for fiscal years beginning after December 15, 2016 with earlier application permitted. The Company does not expect the adoption of this standard to materially impact its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13 which changes the model for the measurement of credit losses on financial instruments. Specifically, the amendments in the ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments in this ASU will be effective January 1, 2020 with early adoption permitted on January 1, 2019. The Company is evaluating the potential impact of this pronouncement on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15 which provides guidance on the statement of cash flows presentation of certain transactions where diversity in practice exists. The effective date will be the first quarter of fiscal year 2019, with early adoption permitted. The ASU will be adopted using a retrospective transition approach. The Company is evaluating the potential impact of this pronouncement on its Consolidated Statements of Cash Flows. In November 2016, the FASB issued ASU No. 2016-18 which requires that a statement of cash flows explain the change during the reporting period in the total of cash and cash equivalents and restricted cash or restricted cash equivalents. This standard is effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is evaluating the potential impact of this pronouncement on its Consolidated Statements of Cash Flows. In January 2017, the FASB issued ASU No. 2017-01 which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill and consolidation. Public entities should apply the amendments in this standard to annual periods beginning after December 15, 2017, including interim periods within those periods. The Company is adopting this pronouncement early in the first fiscal quarter of 2017. The adoption of this standard will result in less real estate acquisitions qualifying as businesses and, accordingly, acquisition costs for those acquisitions that are not businesses will be capitalized rather than expensed.
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, provision for loan loss, initial valuations and related amortization periods of deferred costs and intangibles, particularly with respect to acquisitions, impairment of long-lived assets, litigation related accruals and disclosures and fair value of debt. Actual results could differ from these and other estimates.

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of depreciation or amortization expense computed using the straight-line method based upon the estimated useful lives	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
Schedule of gross asset balances of the in-place value of tenant leases	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 Amortization Net Carrying Amount As of December 31, 2016 Tenant leases: In-place value $ 306,094 $ (214,111 ) $ 91,983 As of December 31, 2015 Tenant leases: In-place value $ 409,637 $ (264,616 ) $ 145,021
Schedule of effects of amortization/accretion of all intangibles on Income (loss) from continuing operations	Amortization/accretion of all intangibles, including the intangibles in Note 16 and Note 17 , had the following effects on our income from continuing operations: Year Ended December 31, 2016 2015 2014 Amortization/accretion effect on continuing operations $ (86,979 ) $ (137,462 ) $ (196,792 )
Schedule of future amortization/accretion of all intangibles, estimated to decrease results from continuing operations	Future amortization/accretion of these intangibles is estimated to decrease results from continuing operations as follows: Year Amount 2017 $ 63,350 2018 41,509 2019 25,996 2020 18,858 2021 13,445
Summary of amortization of straight-line rent, net amortization /accretion related to above and below-market tenant leases and termination income	The following is a summary of amortization of straight-line rent, net amortization/accretion related to above-market and below-market tenant leases and termination income, which is included in minimum rents: Year Ended December 31, 2016 2015 2014 Amortization of straight-line rent $ 11,867 $ 27,809 $ 48,254 Net amortization/accretion of above and below-market tenant leases (33,639 ) (55,062 ) (66,258 ) Lease termination income 16,021 13,786 10,590
Summary of straight-line rent receivables	The following is a summary of straight-line rent receivables, which are included in accounts receivable, net in our Consolidated Balance Sheets and are reduced for allowances and amounts doubtful of collection: December 31, 2016 December 31, 2015 Straight-line rent receivables, net $ 226,226 $ 234,862
Summary of changes in allowance for doubtful accounts	Such allowances are reviewed periodically based upon our recovery experience. The following table summarizes the changes in allowance for doubtful accounts: 2016 2015 2014 Balance as of January 1, $ 14,654 $ 15,621 $ 17,892 Provision for doubtful accounts (1) 10,534 11,833 10,934 Provisions for doubtful accounts in discontinued operations — — 602 Write-offs (7,305 ) (12,800 ) (13,807 ) Balance as of December 31, $ 17,883 $ 14,654 $ 15,621 _______________________________________________________________________________ (1) Excludes recoveries of $2.4 million , $2.1 million and $2.7 million for the years ended December 31, 2016 , 2015 and 2014 , respectively.
Summary of management fees from affiliates and the entity's share of the management fee expense	The following table summarizes the management fees from affiliates and our share of the management fee expense: Year Ended December 31, 2016 2015 2014 Management fees from affiliates (1) $ 82,742 $ 86,595 $ 70,887 Management fee expense (33,049 ) (30,723 ) (26,972 ) Net management fees from affiliates $ 49,693 $ 55,872 $ 43,915

ACQUISITIONS AND JOINT VENTUR34

ACQUISITIONS AND JOINT VENTURE ACTIVITY (Tables)	12 Months Ended
	Dec. 31, 2016
ACQUISITIONS AND JOINT VENTURE ACTIVITY
Gain (Loss) on Investments [Table Text Block]	The table below summarizes the gain calculation ($ in millions) for the 25% and 12.5% interests sold: Gain on Sale of Interests in Ala Moana Center 25.0% 12.5% Total proceeds (net of transaction costs of $6.8 million and $2.5 million, respectively) $ 900.2 $ 451.0 Joint venture partner share of debt 462.5 231.3 Total consideration 1,362.7 682.3 Less: JV partner proportionate share of investment in Ala Moana Center and estimated development costs (705.9 ) (353.8 ) Total gain from changes in control of investment properties and other 656.8 — Total Unconsolidated Real Estate Affiliates - gain on investment — 328.5 Gain attributable to JV partner proportionate share of investment in Ala Moana Center at closing 584.4 295.9 Gain attributable to post-sale development activities through December 31, 2015 38.0 15.4 Gain attributable to post-sale development activities for the year ended December 31, 2016 34.4 17.2

DISPOSITIONS, DISCONTINUED OP35

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Summary of operations of the properties included in discontinued operations	2014 Retail and other revenue $ 27,276 Total revenues 27,276 Retail and other operating expenses 17,515 Total expenses 17,515 Operating income 9,761 Interest expense, net (2,188 ) Gains on dispositions 130,416 Net income from operations 137,989 Gain on extinguishment of debt 66,679 Gain on extinguishment of tax indemnification liability 77,215 Net income from discontinued operations $ 281,883

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Summary of assets that are measured at fair value on a nonrecurring basis	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, 2016 and 2015 . Total Fair Value Measurement Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Provisions for Impairment Year Ended December 31, 2016 Investments in real estate (1) $ 219,165 $ — $ 131,000 $ 88,165 $ (73,039 ) Year Ended December 31, 2015 Investments in real estate (1) $ 61,500 $ — $ 61,500 $ — $ (8,604 ) _______________________________________________________________________________ (1) Refer to Note 2 for more information regarding impairment. Investments in real estate includes consolidated properties and Unconsolidated Real Estate Affiliates. Unobservable Quantitative Input Range Discount rates 9.0% to 11.0% Terminal capitalization rates 16.0% to 17.0%
Schedule of components of debt eligible for Fair Value option and similar items not eligible for Fair Value option	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, 2016 and 2015 . December 31, 2016 December 31, 2015 Carrying Amount (1) Estimated Fair Value Carrying Amount (2) Estimated Fair Value Fixed-rate debt $ 10,441,166 $ 10,832,272 $ 11,921,302 $ 12,247,451 Variable-rate debt 1,989,252 1,990,458 2,294,858 2,304,551 $ 12,430,418 $ 12,822,730 $ 14,216,160 $ 14,552,002 _______________________________________________________________________________ (1) Includes net $27.8 million of market rate adjustments and $40.1 million of deferred financing costs. (2)

UNCONSOLIDATED REAL ESTATE AF37

UNCONSOLIDATED REAL ESTATE AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2016
UNCONSOLIDATED REAL ESTATE AFFILIATES
Schedule of financial information for entity's Unconsolidated Real Estate Affiliates	Following is summarized financial information for all of our real estate related Unconsolidated Real Estate Affiliates accounted for using the equity method and a reconciliation to our total investment in Unconsolidated Real Estate Affiliates, inclusive of investments accounted for using the cost method ( Note 2 ). December 31, 2016 December 31, 2015 Condensed Combined Balance Sheets—Unconsolidated Real Estate Affiliates (1) Assets: Land $ 2,664,736 $ 1,949,577 Buildings and equipment 13,555,059 12,344,045 Less accumulated depreciation (3,538,776 ) (3,131,659 ) Construction in progress 284,198 828,521 Net property and equipment 12,965,217 11,990,484 Investments in unconsolidated joint ventures 503,305 421,778 Net investment in real estate 13,468,522 12,412,262 Cash and cash equivalents 455,862 426,470 Accounts receivable, net 655,655 258,589 Notes receivable, net 8,912 9,093 Deferred expenses, net 321,095 239,262 Prepaid expenses and other assets 327,645 463,030 Total assets $ 15,237,691 $ 13,808,706 Liabilities and Owners' Equity: Mortgages, notes and loans payable $ 10,476,935 $ 9,812,378 Accounts payable, accrued expenses and other liabilities 595,570 740,388 Cumulative effect of foreign currency translation ("CFCT") (50,851 ) (67,224 ) Owners' equity, excluding CFCT 4,216,037 3,323,164 Total liabilities and owners' equity $ 15,237,691 $ 13,808,706 Investment in Unconsolidated Real Estate Affiliates, Net: Owners' equity $ 4,165,186 $ 3,255,940 Less: joint venture partners' equity (2,095,166 ) (1,518,581 ) Plus: excess investment/basis differences 1,590,821 1,550,193 Investment in Unconsolidated Real Estate Affiliates, net (equity method) 3,660,841 3,287,552 Investment in Unconsolidated Real Estate Affiliates, net (cost method) 180,000 180,000 Elimination of consolidated real estate investment interest through joint venture (27,500 ) — Retail investment, net 16,146 — Investment in Unconsolidated Real Estate Affiliates, net $ 3,829,487 $ 3,467,552 Reconciliation—Investment in Unconsolidated Real Estate Affiliates: Asset—Investment in Unconsolidated Real Estate Affiliates $ 3,868,993 $ 3,506,040 Liability—Investment in Unconsolidated Real Estate Affiliates (39,506 ) (38,488 ) Investment in Unconsolidated Real Estate Affiliates, net $ 3,829,487 $ 3,467,552 (1) The Condensed Combined Balance Sheets - Unconsolidated Real Estate Affiliates include Fashion Show as of December 31, 2016 as the property was contributed into a joint venture during the third quarter of 2016. Year Ended Year Ended Year Ended Condensed Combined Statements of Income—Unconsolidated Real Estate Affiliates (1) Revenues: Minimum rents $ 1,106,691 $ 1,011,393 $ 827,436 Tenant recoveries 473,357 443,905 355,188 Overage rents 39,298 38,282 30,915 Condominium sales 520,360 — — Other 52,511 52,027 39,804 Total revenues 2,192,217 1,545,607 1,253,343 Expenses: Real estate taxes 124,355 129,593 110,665 Property maintenance costs 41,132 41,619 39,105 Marketing 22,368 19,348 14,626 Other property operating costs 214,071 214,417 172,547 Condominium cost of sales 379,401 — — Provision for doubtful accounts 13,665 5,427 3,052 Property management and other costs (2) 71,499 64,084 57,980 General and administrative 3,198 10,245 9,250 Depreciation and amortization 466,715 408,537 325,787 Total expenses 1,336,404 893,270 733,012 Operating income 855,813 652,337 520,331 Interest income 9,505 7,070 5,909 Interest expense (318,628 ) (395,114 ) (315,339 ) Provision for income taxes (1,278 ) (996 ) (1,497 ) Equity in loss of unconsolidated joint ventures (45,057 ) (28,513 ) (194 ) Income from continuing operations 500,355 234,784 209,210 Net income from disposed investment — — 1,415 Allocation to noncontrolling interests (128 ) (64 ) (58 ) Net income attributable to the ventures $ 500,227 $ 234,720 $ 210,567 Equity In Income of Unconsolidated Real Estate Affiliates: Net income attributable to the ventures $ 500,227 $ 234,720 $ 210,567 Joint venture partners' share of income (235,544 ) (112,582 ) (114,263 ) Elimination of loss from consolidated real estate investment with interest owned through joint venture 1,266 — — Loss on retail investment 4,264 — — Amortization of capital or basis differences (3) (38,598 ) (48,748 ) (44,736 ) Equity in income of Unconsolidated Real Estate Affiliates $ 231,615 $ 73,390 $ 51,568 _______________________________________________________________________________

MORTGAGES, NOTES AND LOANS PA38

MORTGAGES, NOTES AND LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Summary of Mortgages, notes and loans payable	Mortgages, notes and loans payable and the weighted-average interest rates are summarized as follows: December 31, 2016 (1) Weighted-Average Interest Rate(2) December 31, 2015 (3) Weighted-Average Interest Rate(2) Fixed-rate debt: Collateralized mortgages, notes and loans payable (4) $ 10,441,166 4.44 % $ 11,921,302 4.43 % Total fixed-rate debt 10,441,166 4.44 % 11,921,302 4.43 % Variable-rate debt: Collateralized mortgages, notes and loans payable (4) 1,997,978 2.45 % 1,991,022 2.08 % Revolving credit facility (8,726 ) — 303,836 1.89 % Total variable-rate debt 1,989,252 2.45 % 2,294,858 2.05 % Total Mortgages, notes and loans payable $ 12,430,418 4.12 % $ 14,216,160 4.05 % Junior Subordinated Notes $ 206,200 2.34 % $ 206,200 1.77 % _______________________________________________________________________________ (1) Includes net $27.8 million of market rate adjustments and $40.1 million of deferred financing costs. (2) Represents the weighted-average interest rates on our principal balances, excluding the effects of deferred finance costs. (3) Includes net $33.0 million of market rate adjustments and $40.2 million of deferred financing costs. (4) $1.4 billion of the variable-rate balance is cross-collateralized.
Schedule of unsecured debt obligations	We have certain unsecured debt obligations, the terms of which are described below: December 31, 2016 (1) Weighted-Average Interest Rate December 31, 2015 (2) Weighted-Average Interest Rate Unsecured debt: Revolving credit facility — — 315,000 1.89 % Total unsecured debt $ — — $ 315,000 1.89 % _______________________________________________________________________________ (1) Excludes deferred financing costs of $8.7 million that decrease the total amount that appears outstanding in our Consolidated Balance Sheets. (2) Excludes deferred financing costs of $11.2 million that decrease the total amount that appears outstanding in our Consolidated Balance Sheets.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	The provision for (benefit from) income taxes for the years ended December 31, 2016 , 2015 , and 2014 are as follows: December 31, 2016 December 31, 2015 December 31, 2014 Current $ 804 $ 3,134 $ 13,994 Deferred 97 (41,468 ) (6,741 ) Total $ 901 $ (38,334 ) $ 7,253
Summary of net deferred tax assets (liabilities)	Each TRS and certain REIT entities subject to state income taxes are tax paying components for purposes of classifying deferred tax assets and liabilities. Net deferred tax assets (liabilities) are summarized as follows: December 31, 2016 December 31, 2015 December 31, 2014 Total deferred tax assets $ 22,090 $ 34,870 $ 19,347 Valuation allowance (15,147 ) (15,127 ) (15,127 ) Net deferred tax assets 6,943 19,743 4,220 Total deferred tax liabilities (3,843 ) (1,289 ) (21,240 ) Net deferred tax assets (liabilities) $ 3,100 $ 18,454 $ (17,020 )
Schedule of tax effects of temporary differences and carryforwards included in net deferred tax liabilities	The tax effects of temporary differences and carryforwards included in the net deferred tax assets (liabilities) as of December 31, 2016 , December 31, 2015 and December 31, 2014 are summarized as follows: December 31, 2016 December 31, 2015 December 31, 2014 Operating loss and tax credit carryforwards $ 42,496 $ 18,541 $ 15,699 Other TRS property, primarily differences in basis of assets and liabilities (24,249 ) 15,040 (17,592 ) Valuation allowance (15,147 ) (15,127 ) (15,127 ) Net deferred tax assets (liabilities) $ 3,100 $ 18,454 $ (17,020 )

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2016
Warrants [Abstract]
Schedule of Warrants received	Brookfield owns 73,930,000 warrants (the “Warrants”) to purchase common stock of GGP with an initial weighted average exercise price of $10.70 . Each Warrant was fully vested upon issuance, has a term of seven years and expires on November 9, 2017. Below is a summary of Warrants that were originally issued and are still outstanding. Warrant Holder Number of Warrants Initial Exercise Price Brookfield - A 57,500,000 $ 10.75 Brookfield - B 16,430,000 10.50 73,930,000
Schedule of shares issuable upon exercise of the outstanding GGP warrants	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 73,930,000 Warrants. During 2015 and 2016 , the number of shares issuable upon exercise of the outstanding Warrants changed as follows: Exercise Price Record Date Issuable Shares Brookfield - A Brookfield - B April 15, 2015 87,856,714 $ 9.05 $ 8.84 July 15, 2015 88,433,357 8.99 8.78 October 15, 2015 89,039,571 8.93 8.72 December 15, 2015 89,697,535 8.86 8.66 April 15, 2016 90,288,964 8.80 8.60 July 15, 2016 90,865,607 8.75 8.54 October 14, 2016 91,553,142 8.68 8.48 December 15, 2016 92,344,178 8.61 8.41 December 27, 2016 93,268,285 8.52 8.32 _______________________________________________________________________________

RENTALS UNDER OPERATING LEASES

RENTALS UNDER OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2016
Leases, Operating [Abstract]
Schedule of minimum future rentals under operating leases	The minimum future rentals based on operating leases of our Consolidated Properties as of December 31, 2016 are as follows: Year Amount 2017 $ 1,380,855 2018 1,245,426 2019 1,087,327 2020 959,824 2021 832,388 Subsequent 2,525,038 $ 8,030,858

EQUITY AND REDEEMABLE NONCONT42

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2016
Redeemable noncontrolling interest
Schedule of activity included in the allocation to noncontrolling interests	The following table reflects the activity included in the allocation to noncontrolling interests. Year Ended December 31, 2016 2015 2014 Distributions to preferred Operating Partnership units $ (8,680 ) $ (8,884 ) $ (8,965 ) Net income allocation to noncontrolling interests in operating partnership from continuing operations (common units) (7,051 ) (7,466 ) (3,228 ) Net income allocation to noncontrolling interests in operating partnership from continuing operations (LTIP units) (2,920 ) (2,524 ) — Net income allocated to noncontrolling interest in consolidated real estate affiliates (1,255 ) (161 ) (1,851 ) Allocation to noncontrolling interests (19,906 ) (19,035 ) (14,044 ) Other comprehensive loss (income) allocated to noncontrolling interests 2 233 78 Comprehensive income allocated to noncontrolling interests $ (19,904 ) $ (18,802 ) $ (13,966 )
Schedule of redeemable noncontrolling interests	The Common Units are convertible into common stock at a one -to- one ratio at the current stock price. Number of Common Units for each Preferred Unit Number of Contractual Convertible Preferred Units Outstanding as of December 31, 2016 Converted Basis to Common Units Outstanding as of December 31, 2016 Conversion Price Redemption Value Series B (1) 3.00000 1,184,417 3,694,536 $ 16.66670 92,290 Series D 1.50821 532,750 835,447 33.15188 26,637 Series E 1.29836 502,658 678,583 38.51000 25,133 $ 144,060 _______________________________________________________________________________ (1) The conversion price of Series B preferred units is lower than the GGP December 31, 2016 closing common stock price of $24.98 . Therefore, a common stock price of $24.98 is used to calculate the Series B redemption value.
Schedule of activity of redeemable noncontrolling interests	The following table reflects the activity of the redeemable noncontrolling interests for the years ended December 31, 2016 , 2015 , and 2014 . Balance at January 1, 2014 $ 228,902 Net income 3,228 Distributions (3,059 ) Redemption of operating partnership units (350 ) Other comprehensive income (78 ) Fair value adjustment for noncontrolling interests in Operating Partnership 70,653 Balance at December 31, 2014 $ 299,296 Balance at January 1, 2015 299,296 Net income 7,466 Distributions (4,258 ) Redemption of operating partnership units (805 ) Other comprehensive income (233 ) Fair value adjustment for noncontrolling interests in Operating Partnership (13,839 ) Balance at December 31, 2015 $ 287,627 Balance at January 1, 2016 $ 287,627 Net income 7,051 Distributions (5,449 ) Redemption of operating partnership units (2,120 ) Preferred Unit Redemption to Common Stock (3,205 ) Other comprehensive income (2 ) Fair value adjustment for noncontrolling interests in Operating Partnership (21,175 ) Balance at December 31, 2016 $ 262,727 _______________________________________________________________________________
Common Stock
Redeemable noncontrolling interest
Summary of common stock dividends declared	Our Board of Directors declared common stock dividends during 2016 and 2015 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2016 December 13 December 27 January 27, 2017 $ 0.26 October 31 December 15 January 6, 2017 0.22 August 1 October 14 October 31, 2016 0.20 May 2 July 15 July 29, 2016 0.19 February 1 April 15 April 29, 2016 0.19 2015 November 2 December 15 January 4, 2016 $ 0.19 September 1 October 15 October 30, 2015 0.18 May 21 July 15 July 31, 2015 0.17 February 19 April 15 April 30, 2015 0.17 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 2016 , 2015 , and 2014 may not be indicative of future periods. Year Ended December 31, 2016 2015 2014 Ordinary income $ 0.685 $ 0.752 $ 0.499 Capital gain distributions 0.300 — 0.034 Distributions per share $ 0.985 $ 0.752 $ 0.533 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 four th 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, 32,381 shares were issued during the year ended December 31, 2016 and 23,542 shares were issued during the year ended December 31, 2015 .
6.375% series a cumulative redeemable perpetual preferred stock
Redeemable noncontrolling interest
Schedule of distributions paid on common stock	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 2016 and 2015 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2016 October 31 December 15 January 3, 2017 $ 0.3984 August 1 September 15 October 3, 2016 0.3984 May 2 June 15 July 1, 2016 0.3984 February 1 March 15 April 1, 2016 0.3984 2015 November 2 December 15 January 4, 2016 $ 0.3984 September 1 September 15 October 1, 2015 0.3984 May 21 June 15 July 1, 2015 0.3984 February 19 March 16 April 1, 2015 0.3984

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Information related to EPS calculation	Information related to our EPS calculations is summarized as follows: Year Ended December 31, 2016 2015 2014 Numerators—Basic: Income from continuing operations $ 1,308,273 $ 1,393,596 $ 398,011 Preferred Stock dividend (15,935 ) (15,937 ) (15,936 ) Allocation to noncontrolling interests (19,906 ) (19,035 ) (12,935 ) Income from continuing operations—net of noncontrolling interests 1,272,432 1,358,624 369,140 Discontinued operations — — 281,883 Allocation to noncontrolling interests — — (1,109 ) Discontinued operations—net of noncontrolling interests — — 280,774 Net income 1,308,273 1,393,596 679,894 Preferred Stock dividend (15,935 ) (15,937 ) (15,936 ) Allocation to noncontrolling interests (19,906 ) (19,035 ) (14,044 ) Net income attributable to common stockholders $ 1,272,432 $ 1,358,624 $ 649,914 Numerators—Diluted: Income from continuing operations—net of noncontrolling interests $ 1,272,432 $ 1,358,624 $ 369,140 Diluted income from continuing operations $ 1,272,432 $ 1,358,624 $ 369,140 Net income attributable to common stockholders $ 1,272,432 $ 1,358,624 $ 649,914 Diluted net income attributable to common stockholders $ 1,272,432 $ 1,358,624 $ 649,914 Denominators: Weighted-average number of common shares outstanding—basic 884,029 884,676 887,031 Effect of dilutive securities 68,304 66,386 57,690 Weighted-average number of common shares outstanding—diluted 952,333 951,062 944,721 Anti-dilutive Securities: Effect of Preferred Units 5,209 5,415 5,505 Effect of Common Units 4,782 4,783 4,833 Effect of LTIP Units 1,767 1,609 — 11,758 11,807 10,338

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Activity [Table Text Block]	LTIP Units Pursuant to the Equity Plan, GGP made LTIP Unit grants to certain employees and non-employee directors. The vesting terms of these grants are specific to the individual grant. A portion of the shares vest either immediately or on the first anniversary and the remainder vest in equal annual amounts over the next two to four years. Participating employees are required to remain employed for vesting to occur (subject to certain exceptions in the case of retirement). The following table summarizes LTIP Unit activity for the Equity Plan for GGP for the years ended December 31, 2016 and December 31, 2015 : 2016 2015 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value (2) LTIP Units Outstanding at January 1, 1,724,747 $ 29.32 — $ — Granted (1) 2,089,917 25.84 1,758,396 29.32 Exercised — — — — Forfeited (38,862 ) 28.95 (33,649 ) 29.04 Expired — — — — LTIP Units Outstanding at December 31, 3,775,802 $ 27.40 1,724,747 $ 29.32
Summary of stock option activity	The following tables summarize stock option activity for the Equity Plan for GGP for the years ended December 31, 2016 , 2015 and 2014 : 2016 2015 2014 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price (2) Shares Weighted Average Exercise Price (2) Stock options Outstanding at January 1, 18,162,700 $ 17.34 19,744,224 $ 17.18 21,565,281 $ 17.11 Granted (1) 247,592 20.81 267,253 28.86 50,000 22.41 Exercised (2,886,986 ) 14.45 (1,374,512 ) 16.54 (1,164,945 ) 15.33 Forfeited (230,509 ) 19.94 (460,588 ) 19.78 (662,820 ) 18.71 Expired (15,608 ) 17.73 (13,677 ) 17.17 (43,292 ) 14.43 Stock options Outstanding at December 31, 15,277,189 $ 17.90 18,162,700 $ 17.34 19,744,224 $ 17.18
Summary of stock options by range of exercise prices	Stock Options Outstanding Stock Options Exercisable Range of Exercise Prices Shares Weighted Average Remaining Contractual Term (in years) Weighted Average Exercise Price Shares Weighted Average Remaining Contractual Term (in years) Weighted Average Exercise Price $8.00 - $12.00 1,010,350 3.82 $ 9.60 1,010,350 3.82 $ 9.60 $13.00 - $17.00 4,076,567 4.48 14.53 4,076,567 4.48 14.53 $18.00 - $23.00 9,878,353 6.50 19.83 6,352,711 6.57 19.93 $24.00 - $30.00 311,919 8.22 27.96 57,756 7.31 28.86 Total 15,277,189 5.82 $ 17.90 11,497,384 5.59 $ 17.15 Intrinsic value ($24.98 stock price as of December 31, 2016) $ 108,163 $ 90,025 The weighted-average fair value of stock options as of the grant date, excluding 156,331 of special dividend shares granted during 2016 as a result of antidilution provisions that were triggered by a special dividend distribution, was $4.52 for stock options granted during the year ended December 31, 2016 and $5.84 for stock options granted during the year ended December 31, 2015 . The intrinsic value of stock options exercised during the year was $42.1 million , $22.9 million , and $18.2 million for the year ended December 31, 2016 , December 31, 2015 , and December 31, 2014 , respectively.
Summary or restricted stock activity	2016 2015 2014 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested restricted stock grants outstanding as of beginning of period 206,219 $ 29.16 104,142 $ 14.79 1,242,924 $ 13.99 Granted 329,326 26.20 253,886 29.12 34,100 20.04 Vested (71,570 ) 28.48 (114,563 ) 16.75 (1,154,894 ) 14.08 Canceled (10,379 ) 27.28 (37,246 ) 26.86 (17,988 ) 14.73 Nonvested restricted stock grants outstanding as of end of period 453,596 $ 27.16 206,219 $ 29.16 104,142 $ 14.79
Schedule of assumptions used for weighted average estimated values of stock options granted	The weighted average estimated values of options granted were based on the following assumptions: Year Ended December 31, 2016 2015 2014 Risk-free interest rate(*) 1.52 % 1.75 % 2.20 % Dividend yield(*) 3.07 % 2.33 % 2.70 % Expected volatility 25.00 % 25.00 % 30.00 % Expected life (in years) 6.25 6.25 6.25 _______________________________________________________________________________ (*) Weighted average
Summary of compensation expense related to stock-based compensation plans	Compensation expense related to stock-based compensation plans is summarized in the following table: Year Ended December 31, 2016 2015 2014 Stock options—Property management and other costs $ 5,833 $ 7,103 $ 7,468 Stock options—General and administrative 10,448 11,006 15,074 Restricted stock—Property management and other costs 2,860 2,853 1,683 Restricted stock—General and administrative 635 603 1,013 LTIP Units - Property management and other costs 1,346 1,046 — LTIP Units - General and administrative 14,804 10,002 — Total $ 35,926 $ 32,613 $ 25,238
Schedule of unrecognized compensation expense	Unrecognized compensation expense as of December 31, 2016 is as follows: Year Amount 2017 $ 32,196 2018 20,867 2019 10,604 2020 714 $ 64,381

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Summary of Accounts Receivable	The following table summarizes the significant components of accounts receivable, net. December 31, 2016 December 31, 2015 Trade receivables $ 107,107 $ 109,401 Short-term tenant receivables 1,414 1,321 Straight-line rent receivable 227,859 236,589 Other accounts receivable 3,699 3,916 Total accounts receivable 340,079 351,227 Provision for doubtful accounts (17,883 ) (14,655 ) Total accounts receivable, net $ 322,196 $ 336,572 The following table summarizes the significant components of notes receivable, net. December 31, 2016 December 31, 2015 Notes receivable 665,289 636,737 Accrued interest 13,207 16,046 Total notes receivable 678,496 652,783 Discount allowance — (11,338 ) Total notes receivable, net 678,496 641,445

NOTES RECEIVABLE (Tables)

NOTES RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Summary of Significant Components of Accounts and Notes Receivable, Net	The following table summarizes the significant components of accounts receivable, net. December 31, 2016 December 31, 2015 Trade receivables $ 107,107 $ 109,401 Short-term tenant receivables 1,414 1,321 Straight-line rent receivable 227,859 236,589 Other accounts receivable 3,699 3,916 Total accounts receivable 340,079 351,227 Provision for doubtful accounts (17,883 ) (14,655 ) Total accounts receivable, net $ 322,196 $ 336,572 The following table summarizes the significant components of notes receivable, net. December 31, 2016 December 31, 2015 Notes receivable 665,289 636,737 Accrued interest 13,207 16,046 Total notes receivable 678,496 652,783 Discount allowance — (11,338 ) Total notes receivable, net 678,496 641,445

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Prepaid Expense and Other Assets [Abstract]
Components of Prepaid expenses and other assets	The following table summarizes the significant components of prepaid expenses and other assets. December 31, 2016 December 31, 2015 Gross Asset Accumulated Amortization Balance Gross Asset Accumulated Amortization Balance Intangible assets: Above-market tenant leases, net $ 512,802 $ (368,900 ) $ 143,902 $ 644,728 $ (416,181 ) $ 228,547 Below-market ground leases, net 118,994 (12,788 ) 106,206 119,545 (10,761 ) 108,784 Real estate tax stabilization agreement, net 111,506 (38,769 ) 72,737 111,506 (32,458 ) 79,048 Total intangible assets $ 743,302 $ (420,457 ) $ 322,845 $ 875,779 $ (459,400 ) $ 416,379 Remaining Prepaid expenses and other assets: Security and escrow deposits 59,054 87,818 Prepaid expenses 46,709 43,809 Other non-tenant receivables (1) 34,677 326,391 Deferred tax, net of valuation allowances 6,943 19,743 Marketable securities — 45,278 Other 36,293 29,455 Total remaining Prepaid expenses and other assets 183,676 552,494 Total Prepaid expenses and other assets $ 506,521 $ 968,873 (1) December 31, 2015 balance includes receivable from our joint venture partners received upon completion of the redevelopment at Ala Moana in the fourth quarter of 2016.

ACCOUNTS PAYABLE AND ACCRUED 48

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Schedule of significant components of Accounts payable and accrued expenses	The following table summarizes the significant components of accounts payable and accrued expenses. December 31, 2016 December 31, 2015 Gross Liability Accumulated Accretion Balance Gross Liability Accumulated Accretion Balance Intangible liabilities: Below-market tenant leases, net $ 267,048 $ (172,210 ) $ 94,838 $ 356,115 $ (203,474 ) $ 152,641 Above-market headquarters office leases, net 15,268 (10,346 ) 4,922 15,268 (8,604 ) 6,664 Above-market ground leases, net 9,127 (2,258 ) 6,869 9,127 (1,890 ) 7,237 Total intangible liabilities $ 291,443 $ (184,814 ) $ 106,629 $ 380,510 $ (213,968 ) $ 166,542 Remaining Accounts payable and accrued expenses: Accrued interest 47,821 46,129 Accounts payable and accrued expenses 87,485 64,954 Accrued real estate taxes 87,313 80,599 Deferred gains/income 91,720 125,701 Accrued payroll and other employee liabilities 57,721 66,970 Construction payable 115,077 158,027 Tenant and other deposits 15,061 25,296 Insurance reserve liability 14,184 15,780 Capital lease obligations 5,386 11,385 Conditional asset retirement obligation liability 5,327 5,927 Other 21,638 17,183 Total remaining Accounts payable and accrued expenses 548,733 617,951 Total Accounts payable and accrued expenses $ 655,362 $ 784,493

ACCUMULATED OTHER COMPREHENSI49

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of accumulated other comprehensive loss	Components of accumulated other comprehensive loss as of December 31, 2016 and 2015 are as follows: December 31, 2016 December 31, 2015 Net unrealized gains on financial instruments $ 104 $ 100 Foreign currency translation (70,560 ) (84,798 ) Unrealized gains on available-for-sale securities — 11,894 Accumulated other comprehensive loss $ (70,456 ) $ (72,804 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Summary of contractual rental expenses	The following is a summary of our contractual rental expense as presented in our Consolidated Statements of Operations and Comprehensive Income: Year Ended December 31, 2016 2015 2014 Contractual rent expense, including participation rent $ 8,589 $ 8,546 $ 13,605 Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent 6,278 6,183 9,036
Summary of contractual maturities of the entity's long-term commitments	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: 2017 2018 2019 2020 2021 Subsequent/ Other Total Mortgages, notes and loans payable $ 365,549 $ 500,624 $ 1,059,628 $ 1,647,570 $ 2,841,413 $ 6,015,634 $ 12,430,418 Retained debt-principal 1,711 1,808 1,909 81,042 — — 86,470 Purchase obligations 144,498 — — — — — 144,498 Ground lease payments 6,726 6,698 6,790 6,972 7,025 241,348 275,559 Junior Subordinated Notes (1) — — — — — 206,200 206,200 Total $ 518,484 $ 509,130 $ 1,068,327 $ 1,735,584 $ 2,848,438 $ 6,463,182 $ 13,143,145 _______________________________________________________________________________ (1) The $206.2 million of Junior Subordinated Notes are due in 2036, 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 2021 .

QUARTERLY FINANCIAL INFORMATI51

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information (unaudited)	Quarterly data for the year ended December 31, 2016 and 2015 is summarized in the table below. In Q4 2015, Q1 2016, Q2 2016 and Q3 2016 they include the impact of provisions for impairment ( Note 2 ). In each quarter of 2015 and 2016 the adjustments include gains from changes in control of investment properties in continuing operations and gains on investment in Unconsolidated Real Estate Affiliates ( Note 3 ). 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 607,032 $ 574,586 $ 554,493 $ 610,335 Operating income 173,980 216,035 153,417 256,818 Income from continuing operations 195,337 189,901 681,748 241,284 Net income attributable to common shareholders 187,796 181,962 670,194 232,476 Basic Earnings Per Share 0.21 0.21 0.76 0.26 Diluted Earnings Per Share 0.20 0.19 0.70 0.24 Dividends declared per share 0.19 0.19 0.20 0.48 Weighted-average shares outstanding: Basic 882,673 883,381 885,092 884,948 Diluted 950,154 952,290 955,856 950,301 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 594,143 $ 579,805 $ 585,324 $ 644,634 Operating income 202,813 227,378 224,975 268,727 Income from continuing operations 641,750 427,853 127,366 196,627 Net income attributable to common shareholders 630,747 417,956 119,868 190,053 Basic Earnings Per Share 0.71 0.47 0.14 0.22 Diluted Earnings Per Share 0.66 0.44 0.13 0.20 Dividends declared per share 0.17 0.17 0.18 0.19 Weighted-average shares outstanding: Basic 885,462 886,218 884,640 882,419 Diluted 954,432 952,597 949,061 948,418 _____________________________________________________________________________

ORGANIZATION Narrative (Details

ORGANIZATION Narrative (Details)	12 Months Ended
	Dec. 31, 2016property
Real estate properties
Number of real estate properties in portfolio	1
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%
GGPLP
Real estate properties
Common equity ownership in GGP Limited Partnership (as a percent)	1.50%
United States | Retail Properties
Real estate properties
Number of real estate properties in portfolio	127

SUMMARY OF SIGNIFICANT ACCOUN53

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Narrative (Details)	Oct. 04, 2016	Jul. 29, 2016	Nov. 06, 2015	Feb. 27, 2015USD ($)	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property	Apr. 01, 2015
Summary of Significant Accounting Policies [Line Items]
Gain (Loss) on Sale of Securities, Net					$ 13,100,000
Ownership in Investment Properties by Joint Venture Percentage	1.00%	50.00%
Deferred Finance Costs, Net					40,100,000	$ 40,200,000
Impairments					130,619,000	0	$ 5,278,000
Provision for impairment					$ 73,039,000	$ 8,604,000	$ 5,278,000
Percentage of revenue earned from joint venture reported as management fees					100.00%
Percentage of capital gains and ordinary income expected to be distributed to shareholders annually to qualify as REIT					100.00%
Number of impaired non-income producing assets | property					2	1	1
Impairment charges					$ 3,200,000	$ 3,200,000
Number of Impaired Non Income Producing Unconsolidated Assets | property						1
Equity method investment, impairment to investments in Unconsolidated Real Estate Affiliates					0		$ 0
Unconsolidated Real Estate Affiliates - gain on investment					51,555,000	$ 327,017,000	$ 9,710,000
Revolving credit facility, (the Facility)
Summary of Significant Accounting Policies [Line Items]
Available funds under credit facility					1,500,000,000
Revolving credit facility
Summary of Significant Accounting Policies [Line Items]
Deferred Finance Costs, Net					8,726,000	11,200,000
Mortgages, notes and loans payable					$ 0	315,000,000
Operating Properties and Producing Asset [Member]
Summary of Significant Accounting Policies [Line Items]
Number of impaired non-income producing assets | property					3
Minimum
Summary of Significant Accounting Policies [Line Items]
Equity Method Investment Difference between Carrying Amount and Underlying Equity Amortization Period					5 years
Minimum | Properties [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives					10 years
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Equity Method Investment Difference between Carrying Amount and Underlying Equity Amortization Period					45 years
Maximum [Member] | Tenant leases, In-place value
Summary of Significant Accounting Policies [Line Items]
Lease-up period					1 year
Maximum [Member] | Properties [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives					45 years
Real Estate Investment [Member]
Summary of Significant Accounting Policies [Line Items]
Ownership in Investment Properties by Joint Venture Percentage			2.50%
Ala Moana [Member]
Summary of Significant Accounting Policies [Line Items]
Unconsolidated Real Estate Affiliates - gain on investment				$ 0
85 5th Avenue New York, New York [Domain]
Summary of Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage								50.00%
Notes Receivable [Member]
Summary of Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment						613,000,000
Prepaid Expenses and Other Current Assets [Member]
Summary of Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment						$ 28,400,000

SUMMARY OF SIGNIFICANT ACCOUN54

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Depreciation and Amortization Useful Lives (Details)	12 Months Ended
	Dec. 31, 2016
Minimum
Summary of Significant Accounting Policies [Line Items]
Equity Method Investment Difference between Carrying Amount and Underlying Equity Amortization Period	5 years
Minimum | Buildings and improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	10 years
Minimum | Equipment and fixtures
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Equity Method Investment Difference between Carrying Amount and Underlying Equity Amortization Period	45 years
Maximum [Member] | Buildings and improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	45 years
Maximum [Member] | Equipment and fixtures
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	20 years

SUMMARY OF SIGNIFICANT ACCOUN55

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Tenant Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Acquisitions of operating properties
Gross Asset	$ 743,302	$ 875,779
Accumulated Amortization	(420,457)	(459,400)
Finite-Lived Intangible Assets, Net	322,845	416,379
Amortization/accretion effect on continuing operations	(86,979)	(137,462)	$ (196,792)
2,017	63,350
2,018	41,509
2,019	25,996
2,020	18,858
2,021	13,445
Tenant leases, In-place value
Acquisitions of operating properties
Gross Asset	306,094	409,637
Accumulated Amortization	(214,111)	(264,616)
Finite-Lived Intangible Assets, Net	$ 91,983	$ 145,021

SUMMARY OF SIGNIFICANT ACCOUN56

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition and Related Matters (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property
Summary of Significant Accounting Policies [Line Items]
Gain on extinguishment of debt	$ 0	$ 0	$ 66,679
Number of impaired non-income producing assets | property	2	1	1
Revenue Recognition
Amortization of straight-line rent	$ 11,867	$ 27,809	$ 48,254
Net amortization/accretion of above and below-market tenant leases	(33,639)	(55,062)	(66,258)
Lease termination income	16,021	13,786	10,590
Straight-line rent receivables, net	226,226	234,862
Changes in allowance for doubtful accounts
Balance at	14,654	15,621	17,892
Provisions for doubtful accounts	10,534	11,833	10,934
Provisions for doubtful accounts in discontinued operations	0	0	602
Write-offs	(7,305)	(12,800)	(13,807)
Balance at	17,883	14,654	15,621
Allowance for doubtful accounts in discontinued operations
Changes in allowance for doubtful accounts
Recoveries	$ 2,400	$ 2,100	$ 2,700

SUMMARY OF SIGNIFICANT ACCOUN57

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Management Fees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Management fees from affiliates (1)	$ 82,742	$ 86,595	$ 70,887
Management fee expense	(33,049)	(30,723)	(26,972)
Net management fees from affiliates	$ 49,693	$ 55,872	$ 43,915

ACQUISITIONS AND JOINT VENTUR58

ACQUISITIONS AND JOINT VENTURE ACTIVITY Narrative (Details) $ in Thousands, shares in Millions	Apr. 03, 2017USD ($)	Dec. 15, 2016USD ($)	Dec. 08, 2016USD ($)	Dec. 01, 2016USD ($)	Nov. 01, 2016USD ($)	Oct. 28, 2016USD ($)	Oct. 04, 2016USD ($)	Sep. 15, 2016USD ($)joint_venture	Aug. 01, 2016USD ($)	Jul. 29, 2016USD ($)shares	Jul. 21, 2016USD ($)	Jun. 30, 2016USD ($)extension_option	Jun. 28, 2016USD ($)	Apr. 25, 2016extension_option	Feb. 02, 2016USD ($)	Jan. 29, 2016USD ($)	Jan. 15, 2016USD ($)	Jan. 08, 2016USD ($)	Dec. 14, 2015USD ($)joint_ventureAsset	Nov. 06, 2015USD ($)	Sep. 24, 2015USD ($)	Apr. 27, 2015USD ($)	Apr. 17, 2015USD ($)	Apr. 10, 2015USD ($)	Apr. 01, 2015USD ($)	Mar. 31, 2015USD ($)	Feb. 27, 2015USD ($)	Jan. 29, 2015USD ($)	Oct. 04, 2016USD ($)	Dec. 31, 2016USD ($)Asset	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)Asset	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Real Estate Investments, Net																														$ 20,540,924	$ 21,338,959	$ 21,338,959	$ 20,540,924	$ 21,338,959
Debt Instrument Maturity Number of Extensions | extension_option												2		2
Extension Period												1 year		1 year
Sales of Real Estate									$ 61,500	$ 1,250,000	$ 69,500
Proceeds from Divestiture of Interest in Consolidated Subsidiaries							$ 16,600			813,900	1,400																		$ 830,500
Proceeds from Sale of Property, Plant, and Equipment									6,400		$ 8,400
Loans to joint venture partners																																	1,699,466	1,155,765	$ 361,183
Gains from changes in control of investment properties and other, net									$ 1,000	$ 634,900																							$ 722,904	634,367	91,193
Number of Stores | Asset																			12											12			12
Ownership interest acquired (as a percent)																														37.50%			37.50%
Payments to Acquire Interest in Joint Venture																				$ 40,000
Total accounts receivable																														$ 340,079	351,227	351,227	$ 340,079	351,227
Ownership in Investment Properties by Joint Venture Percentage							1.00%			50.00%
Investment Owned, Balance, Shares | shares										18.3
Unconsolidated Real Estate Affiliates - gain on investment																																	51,555	327,017	$ 9,710
Assets										$ (195,600)
Debt Instrument, Fair Value Disclosure																														(12,822,730)	(14,552,002)	(14,552,002)	(12,822,730)	(14,552,002)
Total assets																														$ 22,732,746	24,073,555	24,073,555	22,732,746	$ 24,073,555
605 N Michigan Ave [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross				$ 140,000
Riverchase Galleria
Business Acquisition [Line Items]
Real Estate Investments, Net					$ 274,300
Gains from changes in control of investment properties and other, net					$ (44,200)
Ownership interest acquired (as a percent)					50.00%
Payments to Acquire Interest in Joint Venture					$ 33,800
Debt assumed to acquire interest in joint venture by co venturer					110,300
Ownership in Investment Properties by Joint Venture Percentage																														75.50%
Payments to Acquire Businesses, Gross					143,500
Assets					(78,000)
Debt Instrument, Fair Value Disclosure					(220,700)
Assets, Current					12,700
Total assets					$ 66,300
Macy's [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross			$ 40,700			$ 45,700
Aeropostale [Member]
Business Acquisition [Line Items]
Payments to Acquire Real Estate and Real Estate Joint Ventures								$ 80,000
Payments to Acquire Interest in Joint Venture								$ 20,400
Ownership in Investment Properties by Joint Venture Percentage								26.00%
Number of Joint Ventures | joint_venture								2
Real Estate Investment [Member]
Business Acquisition [Line Items]
Ownership in Investment Properties by Joint Venture Percentage										49.00%
Eastridge Mall San Jose CA [Member]
Business Acquisition [Line Items]
Sales of Real Estate																	$ 225,000
Proceeds from Sale of Property, Plant, and Equipment																	$ 216,300
Gains from changes in control of investment properties and other, net																																	71,700
Owings Mills [Member]
Business Acquisition [Line Items]
Sales of Real Estate																		$ 11,600
Proceeds from Sale of Property, Plant, and Equipment																		$ 11,600
Gains from changes in control of investment properties and other, net																																	600
Equity Method Investment, Ownership Percentage																		50.00%
522 5th Avenue New York, New York [Member]
Business Acquisition [Line Items]
Sales of Real Estate																$ 25,000
Proceeds from Sale of Real Estate		$ 5,400														$ 10,000
Gains from changes in control of investment properties and other, net																																	$ 11,000
Ownership in Investment Properties by Joint Venture Percentage																10.00%
218 West 57th [Member]
Business Acquisition [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent												$ 53,000
Note receivable interest rate stated												3.40%
Payments to Acquire Interest in Joint Venture												$ 15,100
Total accounts receivable												$ 7,300
Ownership in Investment Properties by Joint Venture Percentage												50.00%
Payments to Acquire Businesses, Gross												$ 81,500
Sears JV [Domain]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage																										50.00%
Payments to Acquire Interest in Joint Venture																										$ 165,000
Number of Joint Ventures in which Entity Holds Interest | joint_venture																			4
Number of Joint Ventures | joint_venture																			2
Homart II [Domain]
Business Acquisition [Line Items]
Payments to acquire interest in joint venture, net																			$ 74,000
Trails Village [Domain]
Business Acquisition [Line Items]
Sales of Real Estate																												$ 27,600
Mortgage Loans on Real Estate, Carrying Amount of Mortgages																												5,750
Proceeds from Sale of Property, Plant, and Equipment																												$ 22,000
Equity Method Investment, Ownership Percentage																												50.00%
Unconsolidated Real Estate Affiliates - gain on investment																												$ 12,000
200 Lafayette Office [Member]
Business Acquisition [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages																						$ 67,000
Proceeds from Sale of Property, Plant, and Equipment																						49,400
Gains from changes in control of investment properties and other, net																						11,900
Total consideration																						$ 124,500
730 5th Avenue [Domain]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage																														50.00%			50.00%
Notes, Loans and Financing Receivable, Gross, Noncurrent																							$ 204,300							$ 204,300			$ 204,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt																							1,300,000
Payments to Acquire Businesses, Gross																							1,780,000
85 5th Avenue New York, New York [Domain]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage																									50.00%
Notes, Loans and Financing Receivable, Gross, Noncurrent																									$ 7,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt																									60,000
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned																									14,000
Payments to Acquire Businesses, Gross																									$ 86,000
730 5th Avenue Retail [Domain]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred																							1,250,000
Notes, Loans and Financing Receivable, Gross, Noncurrent																														104,300			$ 104,300
Note receivable interest rate stated																																	8.00%
Payments to Acquire Interest in Joint Venture																							650,000
Payments to acquire interest in joint venture, net																							208,500
730 5th Avenue Office [Domain]
Business Acquisition [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent																														$ 100,000			$ 100,000
Note receivable interest rate stated																																	9.00%
Payments to Acquire Businesses, Gross																							$ 475,000
Ala Moana [Member]
Business Acquisition [Line Items]
Ownership percentage in investment properties by joint venture																											25.00%						25.00%
Gains from changes in control of investment properties and other, net																											$ 656,800
Business Combination, Consideration Transferred																											1,362,700
Ownership interest acquired (as a percent)																														62.50%			62.50%
Business combination, equity interest in acquiree held prior to combination																											705,900
Payments to acquire interest in joint venture, net																											$ 900,200
Business Acquisition, Remaining Net Proceeds																								$ 118,500						$ 237,000
Business acquisition percentage of voting interests acquired at venture level																								12.50%			25.00%			12.50%			12.50%
Business Acquisition, Total Partnership Net Proceeds																								$ 453,500			$ 907,000
Debt assumed to acquire interest in joint venture by co venturer																											462,500
Payments to Acquire Businesses, Gross																								335,000			670,000
Unconsolidated Real Estate Affiliates - gain on investment																											0
Gain (Loss) on Sale Attributable to Joint Venture Partner Proportionate Share																											$ 584,400
Deferred Gain Recognized to date																																$ 38,000	$ 34,400
Lake Mead & Buffalo [Domain]
Business Acquisition [Line Items]
Unconsolidated Real Estate Affiliates - gain on investment																					$ 3,100
Ala Moana Center [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																								0
Business Combination, Consideration Transferred																								682,300
Business combination, equity interest in acquiree held prior to combination																								353,800
Payments to acquire interest in joint venture, net																								$ 451,000
Business acquisition percentage of voting interests acquired at venture level																								12.50%
Debt assumed to acquire interest in joint venture by co venturer																								$ 231,300
Unconsolidated Real Estate Affiliates - gain on investment																								328,500									17,200
Gain (Loss) on Sale Attributable to Joint Venture Partner Proportionate Share																								$ 295,900
Deferred Gain Recognized to date																															$ 15,400
One Stockton [Member]
Business Acquisition [Line Items]
Sales of Real Estate												49,800
Mortgage Loans on Real Estate, Carrying Amount of Mortgages																														$ 16,300			16,300
Proceeds from Sale of Property, Plant, and Equipment												33,500
Gains from changes in control of investment properties and other, net																																	22,700
Total accounts receivable												$ 8,000
Ownership in Investment Properties by Joint Venture Percentage												49.80%
Pioneer Place
Business Acquisition [Line Items]
Sales of Real Estate													$ 121,800
Proceeds from Sale of Property, Plant, and Equipment													$ 116,000
Gains from changes in control of investment properties and other, net																																	35,200
Spokane Valley Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net															$ 18,400
Payments to Acquire Interest in Joint Venture															$ 37,500
Ownership in Investment Properties by Joint Venture Percentage															25.00%
Provo Towne Centre [Member]
Business Acquisition [Line Items]
Sales of Real Estate																$ 37,500
Mortgage Loans on Real Estate, Carrying Amount of Mortgages																31,100
Proceeds from Sale of Property, Plant, and Equipment																$ 2,800
Gains from changes in control of investment properties and other, net																																	6,700
Ownership in Investment Properties by Joint Venture Percentage																75.00%
Fashion Show [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																																	$ 634,900
The Shops at Bravern
Business Acquisition [Line Items]
Ownership in Investment Properties by Joint Venture Percentage																																	10.00%
Real Estate Investment [Member]
Business Acquisition [Line Items]
Ownership in Investment Properties by Joint Venture Percentage																				2.50%
Other Ownership Interest [Member]
Business Acquisition [Line Items]
Ownership in Investment Properties by Joint Venture Percentage																																	2.50%
MDDA [Member]
Business Acquisition [Line Items]
Ownership in Investment Properties by Joint Venture Percentage																																	15.00%
Scenario, Forecast [Member] | 522 5th Avenue New York, New York [Member]
Business Acquisition [Line Items]
Business Acquisition, Remaining Net Proceeds	$ 9,000

ACQUISITIONS AND JOINT VENTUR59

ACQUISITIONS AND JOINT VENTURE ACTIVITY Bayside Marketplace Gain Calculation (Details) - USD ($) $ in Thousands	Aug. 01, 2016	Jul. 29, 2016	Nov. 06, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Payments to Acquire Interest in Joint Venture			$ 40,000
Loans to joint venture partners				$ 1,699,466	$ 1,155,765	$ 361,183
Gains from changes in control of investment properties and other, net	$ 1,000	$ 634,900		$ 722,904	$ 634,367	$ 91,193

ACQUISITIONS AND JOINT VENTUR60

ACQUISITIONS AND JOINT VENTURE ACTIVITY Acquired Assets and Liabilities (Details) $ in Millions	Nov. 06, 2015USD ($)
Business Acquisition [Line Items]
Payments to Acquire Interest in Joint Venture	$ 40

ACQUISITIONS AND JOINT VENTUR61

ACQUISITIONS AND JOINT VENTURE ACTIVITY Joint Venture Partner Gain Calculation (Details) - USD ($) $ in Thousands	Aug. 01, 2016	Jul. 29, 2016	Feb. 27, 2015	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Loans to joint venture partners					$ 1,699,466	$ 1,155,765	$ 361,183
Gains from changes in control of investment properties and other, net	$ 1,000	$ 634,900			722,904	634,367	91,193
Unconsolidated Real Estate Affiliates - gain on investment					51,555	$ 327,017	$ 9,710
Ala Moana [Member]
Business Acquisition [Line Items]
Payments to acquire interest in joint venture, net			$ 900,200
Gains from changes in control of investment properties and other, net			656,800
Debt assumed to acquire interest in joint venture by co venturer			462,500
Business Combination, Consideration Transferred			1,362,700
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination			(705,900)
Unconsolidated Real Estate Affiliates - gain on investment			$ 0
Deferred Gain Recognized to date				$ 38,000	$ 34,400

DISPOSITIONS, DISCONTINUED OP62

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES Narrative (Details) $ in Thousands	Dec. 12, 2014USD ($)Asset	May 19, 2014Asset	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)Asset	Dec. 31, 2014USD ($)Asset
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on extinguishment of debt			$ 0	$ 0	$ 66,679
Debt on the property paid down with proceeds from sale					$ 127,000
Number of properties sold | Asset		3
Assets held for disposition			0	216,233
Real Estate Investments, Net			20,540,924	21,338,959
Liabilities held for disposition			0	58,934
Mortgages, notes and loans payable			$ 12,430,418	$ 14,216,160
Discontinuing operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold | Asset	6				6
Proceeds from Sale of Buildings					$ 268,000
Junior subordinated notes	$ 322,000
Number of operating properties sold | Asset				2	3
Total consideration					$ 278,600
Gain (Loss) on disposition of business					$ 125,200
Discontinuing operations | Property transferred to a special servicer
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties previously transferred to a special servicer | Asset					1
Debt on the property paid down with proceeds from sale					$ 79,000
Discontinued Operations, Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real Estate Investments, Net				$ 204,400
Mortgages, notes and loans payable				$ 42,600

DISPOSITIONS, DISCONTINUED OP63

DISPOSITIONS, DISCONTINUED OPERATIONS AND GAINS ON DISPOSITIONS OF INTERESTS IN OPERATING PROPERTIES Operations of Discontinued Properties (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues	$ 610,335	$ 554,493	$ 574,586	$ 607,032	$ 644,634	$ 585,324	$ 579,805	$ 594,143	$ 2,346,446	$ 2,403,906	$ 2,535,559
Total expenses									1,546,193	1,480,013	1,594,046
Operating income	$ 256,818	$ 153,417	$ 216,035	$ 173,980	$ 268,727	$ 224,975	$ 227,378	$ 202,813	800,253	923,893	941,513
Gain on extinguishment of tax indemnification liability									0	0	77,215
Discontinued operations, net									$ 0	$ 0	281,883
Discontinuing operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Retail and other revenue											27,276
Total revenues											27,276
Retail and other operating expenses											17,515
Total expenses											17,515
Operating income											9,761
Interest expense, net											(2,188)
Gains on dispositions											130,416
Net income from operations											137,989
Gain on extinguishment of debt											66,679
Gain on extinguishment of tax indemnification liability											77,215
Discontinued operations, net											$ 281,883

FAIR VALUE Fair Value of Certai

FAIR VALUE Fair Value of Certain Operating Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain (Loss) on Sale of Securities, Net	$ 13,100
Real Estate Investments, Fair Value Disclosure		$ 0
Provision for impairment	(73,039)	(8,604)	$ (5,278)
Market rate adjustments	27,800	33,000
Reclassification adjustment for realized gains on available-for-sale securities included in net income	(11,978)	11,978	$ 0
Fair Value Measurements, Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investments, Fair Value Disclosure	0	0
Fair Value Measurements, Non-recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investments, Fair Value Disclosure	131,000	61,500
Fair Value Measurements, Non-recurring | Provisions for Impairment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investments, Fair Value Disclosure	88,165
Total Fair Value Measurement | Fair Value Measurements, Non-recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investments, Fair Value Disclosure	$ 219,165	$ 61,500
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	9.00%
Fair Value Inputs, Cap Rate	16.00%
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	11.00%
Fair Value Inputs, Cap Rate	17.00%

FAIR VALUE Fair Value of Financ

FAIR VALUE Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Current	$ 0	$ 45,278
Carrying Amount
Fixed-rate debt	10,441,166	11,921,302
Variable-rate debt	1,989,252	2,294,858
Total Mortgages, notes and loans payable	12,430,418	14,216,160
Estimated Fair Value
Fixed-rate debt	10,832,272	12,247,451
Variable-rate debt	1,990,458	2,304,551
Total long-term debt, fair value	12,822,730	14,552,002
Market rate adjustments	27,800	33,000
Deferred Finance Costs, Net	$ (40,100)	(40,200)
Debt Instrument, Description of Variable Rate Basis	LIBOR
Seritage Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Assets, Current		45,278
Available-for-sale Equity Securities, Amortized Cost Basis		33,300
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax		$ 11,978

UNCONSOLIDATED REAL ESTATE AF66

UNCONSOLIDATED REAL ESTATE AFFILIATES Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets:
Land	$ 3,066,019	$ 3,596,354
Buildings and equipment	16,091,582	16,379,789
Less accumulated depreciation	(2,737,286)	(2,452,127)
Construction in progress	251,616	308,903
Net property and equipment	16,671,931	17,832,919
Net investment in real estate	20,540,924	21,338,959
Cash and cash equivalents	474,757	356,895	$ 372,471	$ 577,271
Accounts receivable, net	322,196	336,572
Notes receivable, net	678,496	641,445
Deferred expenses, net	209,852	214,578
Assets held for disposition	506,521	968,873
Total assets	22,732,746	24,073,555
Liabilities and Owners' Equity:
Total liabilities and equity	22,732,746	24,073,555
Investment in Unconsolidated Real Estate Affiliates, Net:
Owners' equity	(8,700,729)	(8,308,294)	$ (7,685,520)	$ (8,185,263)
Elimination of consolidated real estate investment interest through joint venture	(27,500)	0
Retail investment, net	16,146	0
Investment in Unconsolidated Real Estate Affiliates	3,868,993	3,506,040
Reconciliation—Investment in Unconsolidated Real Estate Affiliates:
Investment in Unconsolidated Real Estate Affiliates	3,868,993	3,506,040
Unconsolidated
Assets:
Land	2,664,736	1,949,577
Buildings and equipment	13,555,059	12,344,045
Less accumulated depreciation	(3,538,776)	(3,131,659)
Construction in progress	284,198	828,521
Net property and equipment	12,965,217	11,990,484
Net investment in real estate	13,468,522	12,412,262
Cash and cash equivalents	455,862	426,470
Accounts receivable, net	655,655	258,589
Notes receivable, net	8,912	9,093
Deferred expenses, net	321,095	239,262
Assets held for disposition	327,645	463,030
Total assets	15,237,691	13,808,706
Liabilities and Owners' Equity:
Mortgages, notes and loans payable	10,476,935	9,812,378
Accounts payable, accrued expenses and other liabilities	595,570	740,388
Cumulative effect of foreign currency translation (CFCT)	(50,851)	(67,224)
Owners' equity, excluding CFCT	4,216,037	3,323,164
Total liabilities and equity	15,237,691	13,808,706
Investment in Unconsolidated Real Estate Affiliates, Net:
Owners' equity	4,165,186	3,255,940
Less: joint venture partners' equity	(2,095,166)	(1,518,581)
Plus: excess investment/basis differences	1,590,821	1,550,193
Investment in Unconsolidated Real Estate Affiliates, net (equity method)	3,660,841	3,287,552
Investment in Unconsolidated Real Estate Affiliates	503,305	421,778
Reconciliation—Investment in Unconsolidated Real Estate Affiliates:
Liability—Investment in Unconsolidated Real Estate Affiliates	(39,506)	(38,488)
Investment in Unconsolidated Real Estate Affiliates	503,305	421,778
Cost-method Investments [Member]
Investment in Unconsolidated Real Estate Affiliates, Net:
Investment in Unconsolidated Real Estate Affiliates, net (cost method)	180,000	180,000
Joint Venture Partner [Member]
Investment in Unconsolidated Real Estate Affiliates, Net:
Investment in Unconsolidated Real Estate Affiliates	3,829,487	3,467,552
Reconciliation—Investment in Unconsolidated Real Estate Affiliates:
Investment in Unconsolidated Real Estate Affiliates	$ 3,829,487	$ 3,467,552

UNCONSOLIDATED REAL ESTATE AF67

UNCONSOLIDATED REAL ESTATE AFFILIATES Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Minimum rents									$ 1,449,704	$ 1,481,614	$ 1,583,695
Tenant recoveries									668,081	689,536	739,411
Overage rents									42,534	44,024	51,611
Other									90,313	102,137	89,955
Total revenues	$ 610,335	$ 554,493	$ 574,586	$ 607,032	$ 644,634	$ 585,324	$ 579,805	$ 594,143	2,346,446	2,403,906	2,535,559
Expenses:
Real estate taxes									229,635	222,883	227,992
Property maintenance costs									55,027	60,040	66,897
Marketing									13,155	21,958	24,654
Other property operating costs									282,591	302,797	333,620
Provision for doubtful accounts									8,038	8,081	8,055
Property management and other costs									138,602	161,556	155,093
General and administrative									55,745	50,405	64,051
Depreciation and amortization									660,746	643,689	708,406
Total expenses									1,546,193	1,480,013	1,594,046
Operating income	256,818	153,417	216,035	173,980	268,727	224,975	227,378	202,813	800,253	923,893	941,513
Interest and dividend income									59,960	49,254	28,613
Interest expense									(571,200)	(607,675)	(699,285)
Provision for income taxes									(901)	38,334	(7,253)
Income from continuing operations	241,284	681,748	189,901	195,337	196,627	127,366	427,853	641,750	1,308,273	1,393,596	398,011
Allocation to noncontrolling interests									(19,906)	(19,035)	(14,044)
Net income attributable to common stockholders	232,476	670,194	181,962	187,796	190,053	119,868	417,956	630,747	1,272,432	1,358,624	649,914
Equity In Income of Unconsolidated Real Estate Affiliates:
Net income attributable to common stockholders	$ 232,476	$ 670,194	$ 181,962	$ 187,796	$ 190,053	$ 119,868	$ 417,956	$ 630,747	1,272,432	1,358,624	649,914
Equity in income of Unconsolidated Real Estate Affiliates									231,615	73,390	51,568
Unconsolidated Real Estate Affiliates
Revenues:
Minimum rents									1,106,691	1,011,393	827,436
Tenant recoveries									473,357	443,905	355,188
Overage rents									39,298	38,282	30,915
Condo Sales									520,360	0	0
Other									52,511	52,027	39,804
Total revenues									2,192,217	1,545,607	1,253,343
Expenses:
Real estate taxes									124,355	129,593	110,665
Property maintenance costs									41,132	41,619	39,105
Marketing									22,368	19,348	14,626
Other property operating costs									214,071	214,417	172,547
Condo Cost of Sales									379,401	0	0
Provision for doubtful accounts									13,665	5,427	3,052
Property management and other costs									71,499	64,084	57,980
General and administrative									3,198	10,245	9,250
Depreciation and amortization									466,715	408,537	325,787
Total expenses									1,336,404	893,270	733,012
Operating income									855,813	652,337	520,331
Interest and dividend income									9,505	7,070	5,909
Interest expense									(318,628)	(395,114)	(315,339)
Provision for income taxes									(1,278)	(996)	(1,497)
Equity in loss of unconsolidated joint ventures									45,057	28,513	194
Income from continuing operations									500,355	234,784	209,210
Net income from disposed investment									0	0	1,415
Allocation to noncontrolling interests									(128)	(64)	(58)
Net income attributable to common stockholders									500,227	234,720	210,567
Equity In Income of Unconsolidated Real Estate Affiliates:
Net income attributable to common stockholders									500,227	234,720	210,567
Joint venture partners' share of income									(235,544)	(112,582)	(114,263)
Proceeds from Real Estate and Real Estate Joint Ventures									1,266	0	0
Net Income (Loss) from Real Estate Investment Partnership									4,264	0	0
Amortization of capital or basis differences (3)									(38,598)	(48,748)	(44,736)
Equity in income of Unconsolidated Real Estate Affiliates									$ 231,615	$ 73,390	$ 51,568

UNCONSOLIDATED REAL ESTATE AF68

UNCONSOLIDATED REAL ESTATE AFFILIATES Narrative (Details) $ in Millions	Nov. 01, 2016USD ($)	Mar. 24, 2016USD ($)	Nov. 06, 2015USD ($)	Dec. 31, 2016USD ($)propertyitem	Dec. 31, 2015USD ($)
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Asset Impairment Charges				$ 3.2	$ 3.2
Proceeds from Sale of Other Real Estate				$ 50
Ownership interest acquired (as a percent)				37.50%
Number of real estate properties in portfolio | property				1
Payments to Acquire Interest in Joint Venture			$ 40
Unconsolidated
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Entity's proportionate share in indebtedness secured by Unconsolidated Properties including retained debt				$ 5,400	5,100
Number of unconsolidated properties with retained debt | property				1
Aggregate carrying value of retained debt, reflected as a reduction in entity's investment in Unconsolidated Real Estate Affiliates				$ 86.5	$ 87.9
Equity Method Investment, Ownership Percentage		50.00%
Payments to Acquire Interest in Joint Venture		$ 43
United States | Unconsolidated Real Estate Affiliates
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number of Joint Ventures in which Entity Holds Interest | item				25
United States | Unconsolidated Real Estate Affiliates | Regional malls
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number of real estate properties in portfolio | property				41
Brazil | Unconsolidated Real Estate Affiliates
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number of Joint Ventures in which Entity Holds Interest | item				1
Riverchase Galleria
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Payments to Acquire Businesses, Gross	$ 143.5
Debt assumed to acquire interest in joint venture by co venturer	$ 110.3
Ownership interest acquired (as a percent)	50.00%
Payments to Acquire Interest in Joint Venture	$ 33.8

MORTGAGES, NOTES AND LOANS PA69

MORTGAGES, NOTES AND LOANS PAYABLE Narrative (Details)	Jun. 30, 2016extension_option	Apr. 25, 2016USD ($)extension_optionAsset	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property	Dec. 31, 2006USD ($)
Debt Instrument [Line Items]
Market rate adjustments			$ 27,800,000	$ 33,000,000
Deferred Finance Costs, Net			40,100,000	40,200,000
Secured debt, cross-collateralized with other properties		$ 1,400,000,000
Total Mortgages, notes and loans payable			12,430,418,000	$ 14,216,160,000
Term to maturity		3 years
Loss on extinguishment of debt			$ 5,400,000
Weighted-average interest rate (as a percent)			4.12%	4.05%
Mortgage loans on real estate, new mortgage loans				$ 250,000,000
Mortgage Loans on Real Estate, Number of Loans | property				2
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			4.44%	4.43%
Variable-rate debt			$ 1,989,252,000	$ 2,294,858,000
Outstanding letter of credit and surety bonds			57,800,000	76,100,000
Loans Payable			$ 294,400,000	$ 594,300,000
Number of Properties Mortgage Notes Paid | property			2	5
Number of Properties Subject to Collateralized Debt Obligations | Asset		15
Debt Instrument, Basis Spread on Variable Rate		1.75%
Percent Recourse Prior to Refinancing		100.00%
Percent Recourse Subsequent to Refinancing		50.00%
Debt Instrument Maturity Number of Extensions | extension_option	2	2
Extension Period	1 year	1 year
Number of real estate properties in portfolio | property			1
Loans Payable before Refinancing [Member]
Debt Instrument [Line Items]
Term to maturity			1 year 2 months 12 days	1 year 6 months
Revolving credit facility
Debt Instrument [Line Items]
Deferred Finance Costs, Net			$ 8,726,000	$ 11,200,000
Junior Subordinated Notes			0	315,000,000
Variable-rate debt				303,836,000
Unsecured Fixed Rate Debt [Member]
Debt Instrument [Line Items]
Junior Subordinated Notes			$ 0	$ 315,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			0.00%	1.89%
Collateralized mortgages, notes and loans payable (4)
Debt Instrument [Line Items]
Land, buildings and equipment and developments in progress (before accumulated depreciation) pledged as collateral			$ 16,600,000,000
Secured debt, cross-collateralized with other properties			1,400,000,000
Total Mortgages, notes and loans payable			12,400,000,000
Amount of recourse fixed and variable rate debt			$ 819,000,000
Mortgage Notes Refinanced Amount				$ 710,000,000
Number of properties with mortgage notes refinanced | property				4
Proceeds from mortgage loans refinanced				$ 240,900,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			4.44%	4.43%
Variable-rate debt			$ 1,997,978,000	$ 1,991,022,000
Secured debt
Debt Instrument [Line Items]
Prior loans repaid				$ 469,100,000
Loans Payable before Refinancing [Member]
Debt Instrument [Line Items]
Term to maturity				1 year 4 months 6 days
Weighted-average interest rate (as a percent)				5.60%
New Loan
Debt Instrument [Line Items]
Term to maturity				11 years
Weighted-average interest rate (as a percent)				3.80%
Loans Payable [Member]
Debt Instrument [Line Items]
Term to maturity				10 years
Debt, Weighted Average Interest Rate			5.30%	5.30%
Variable Interest Entity, Not Primary Beneficiary [Member]
Debt Instrument [Line Items]
Issuance of trust preferred securities					$ 200,000,000
Common securities issued to GGLP					6,200,000
Purchase of Junior Subordinated Notes					$ 206,200,000
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate				4.30%
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 1,100,000,000
Uncommitted accordion feature			$ 1,500,000,000
Minimum | Revolving credit facility
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.30%
Debt Instrument, Interest Rate During Period			0.30%
Maximum [Member] | Revolving credit facility
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.90%
Debt Instrument, Interest Rate During Period			0.90%

MORTGAGES, NOTES AND LOANS PA70

MORTGAGES, NOTES AND LOANS PAYABLE Mortgages, Notes, Loans Payable, and Weighted Average Interest Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ (40,200)	$ (40,100)
Fixed-rate debt	$ 11,921,302	$ 10,441,166
Weighted-average fixed interest rate (as a percent)	4.43%	4.44%
Variable-rate debt	$ 2,294,858	$ 1,989,252
Weighted-average variable interest rate (as a percent)	2.05%	2.45%
Total Mortgages, notes and loans payable	$ 14,216,160	$ 12,430,418
Weighted-average interest rate (as a percent)	4.05%	4.12%
Market rate adjustments	$ 33,000	$ 27,800
New Loan
Debt Instrument [Line Items]
Weighted-average interest rate (as a percent)	3.80%
Collateralized mortgages, notes and loans payable (4)
Debt Instrument [Line Items]
Mortgage Notes Refinanced Amount	$ 710,000
Fixed-rate debt	$ 11,921,302	$ 10,441,166
Weighted-average fixed interest rate (as a percent)	4.43%	4.44%
Variable-rate debt	$ 1,991,022	$ 1,997,978
Weighted-average variable interest rate (as a percent)	2.08%	2.45%
Total Mortgages, notes and loans payable		$ 12,400,000
Revolving credit facility
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ (11,200)	$ (8,726)
Variable-rate debt	$ 303,836
Weighted-average variable interest rate (as a percent)	1.89%	0.00%
Junior Subordinated Notes	$ 315,000	$ 0
Junior Subordinated Notes due 2041
Debt Instrument [Line Items]
Weighted-average variable interest rate (as a percent)	1.77%	2.34%
Junior Subordinated Notes	$ 206,200	$ 206,200
Secured debt
Debt Instrument [Line Items]
Prior loans repaid	$ 469,100
Debt instrument cross collateralized | Secured debt
Debt Instrument [Line Items]
Variable-rate debt		$ 1,400,000
Variable Interest Entity, Not Primary Beneficiary [Member]
Debt Instrument [Line Items]
Trust Preferred Securities Basis Spread on Variable Rate		1.45%

MORTGAGES, NOTES AND LOANS PA71

MORTGAGES, NOTES AND LOANS PAYABLE Unsecured Debt (Details) - USD ($) $ in Thousands	Apr. 25, 2016	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Deferred Finance Costs, Net		$ 40,100	$ 40,200
Debt Instrument, Basis Spread on Variable Rate	1.75%
Weighted-average interest rate (as a percent)		4.12%	4.05%
Weighted-average fixed interest rate (as a percent)		4.44%	4.43%
Variable-rate debt		$ 1,989,252	$ 2,294,858
Weighted-average variable interest rate (as a percent)		2.45%	2.05%
Market rate adjustments		$ 27,800	$ 33,000
Loans Payable before Refinancing [Member]
Debt Instrument [Line Items]
Weighted-average interest rate (as a percent)			5.60%
Unsecured Fixed Rate Debt [Member]
Debt Instrument [Line Items]
Junior Subordinated Notes		$ 0	$ 315,000
Weighted-average fixed interest rate (as a percent)		0.00%	1.89%
Revolving credit facility | Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.30%
Revolving credit facility | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.90%

INCOME TAXES Narrative (Details

INCOME TAXES Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Minimum Percentage of Ordinary Taxable Income Distribution Requirement	90.00%
Period of disqualification of REIT status	4 years
Net operating loss carryforwards	$ 42,500,000
Unrecognized Tax Benefits	$ 0	$ 0	$ 6,100,000

INCOME TAXES Provision for Inco

INCOME TAXES Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Provision for income taxes from continuing operations
Current	$ 804	$ 3,134	$ 13,994
Deferred	97	(41,468)	(6,741)
Income Tax Expense (Benefit), Continuing Operations and Discontinued Operations	$ 901	$ (38,334)	$ 7,253

INCOME TAXES Net Deferred Tax A

INCOME TAXES Net Deferred Tax Assets(Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net deferred tax assets (liabilities)
Total deferred tax assets	$ 22,090	$ 34,870	$ 19,347
Valuation allowance	(15,147)	(15,127)	(15,127)
Net deferred tax assets	6,943	19,743	4,220
Total deferred tax liabilities	(3,843)	(1,289)	(21,240)
Deferred Tax Liabilities, Net			$ (17,020)
Net deferred tax assets (liabilities)	$ 3,100	$ 18,454

INCOME TAXES Tax Effect of Temp

INCOME TAXES Tax Effect of Temporary Differences and Carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Operating loss and tax credit carryforwards	$ 42,496	$ 18,541	$ 15,699
Other TRS property, primarily differences in basis of assets and liabilities	(24,249)	15,040	(17,592)
Valuation allowance	(15,147)	(15,127)	(15,127)
Net deferred tax assets (liabilities)	$ 3,100	$ 18,454
Deferred Tax Liabilities, Net			$ (17,020)

WARRANTS Narrative (Details)

WARRANTS Narrative (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)warrant$ / shares$ / warrantshares	Oct. 14, 2016shares	Jul. 15, 2016shares	Apr. 15, 2016shares
Class of Warrant or Right [Line Items]
Number of Warrants Issued to Purchase Common Stock of New GGP	73,930,000	91,553,142	90,865,607	90,288,964
Exercise price (in dollars per share) | $ / shares	$ 10.70
Term of Warrants, in Number of Years from the Effective Date	7 years
The Brookfield Investor [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share) | $ / shares	$ 10.75
The Brookfield Investor [Member]
Class of Warrant or Right [Line Items]
Number of Warrants Issued to Purchase Common Stock of New GGP | warrant	62,000,000
Number of Warrants Issued at Dollars 10.75 to Purchase Common Stock of New GGP | shares	57,500,000
Warrant option exercise price | $	$ 618
Common stock shares issued in warrant settlement transaction | shares	72,500,000
Exercise price of remaining warrants (in dollars per share) | $ / warrant	8.48
Pershing Square [Member]
Class of Warrant or Right [Line Items]
Number of Warrants Issued at Dollars 10.50 to Purchase Common Stock of New GGP | warrant	16,430,000

WARRANTS Warrants Received by P

WARRANTS Warrants Received by Plan Sponsors and Blackstone (Details)	Dec. 31, 2016$ / sharesshares
Class of Warrant or Right [Line Items]
Warrants issued to purchase common stock | shares	73,930,000
Exercise price (in dollars per share) | $ / shares	$ 10.70
The Brookfield Investor [Member]
Class of Warrant or Right [Line Items]
Warrants issued to purchase common stock | shares	57,500,000
Exercise price (in dollars per share) | $ / shares	$ 10.75
Blackstone [Member]
Class of Warrant or Right [Line Items]
Warrants issued to purchase common stock | shares	16,430,000
Exercise price (in dollars per share) | $ / shares	$ 10.5

WARRANTS Number of Shares Issua

WARRANTS Number of Shares Issuable Upon Exercise of Outstanding Warrants (Details)	Dec. 31, 2016warrant$ / shares	Dec. 27, 2016$ / sharesshares	Dec. 15, 2016$ / sharesshares	Oct. 14, 2016shares$ / shares	Jul. 15, 2016shares$ / shares	Apr. 15, 2016shares$ / shares	Dec. 15, 2015$ / sharesshares	Oct. 15, 2015$ / sharesshares	Jul. 15, 2015$ / sharesshares	Apr. 15, 2015$ / sharesshares
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares		93,268,285	92,344,178				89,697,535	89,039,571	88,433,357	87,856,714
Exercise price (in dollars per share)	$ 10.70
Number of Warrants Issued to Purchase Common Stock of New GGP	73,930,000			91,553,142	90,865,607	90,288,964
Fairholme, Pershing Square and Blackstone [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)					$ 8.54	$ 8.60
The Brookfield Investor and Blackstone [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)					$ 8.75	$ 8.80
The Brookfield Investor and Blackstone [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		$ 8.52	$ 8.61	$ 8.68			$ 8.86	$ 8.93	$ 8.99	$ 9.05
Fairholme, Pershing Square and Blackstone [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		$ 8.32	$ 8.41	$ 8.48			$ 8.66	$ 8.72	$ 8.78	$ 8.84

RENTALS UNDER OPERATING LEASE79

RENTALS UNDER OPERATING LEASES (Details) - Consolidated $ in Thousands	Dec. 31, 2016USD ($)
Minimum future rentals
2,017	$ 1,380,855
2,018	1,245,426
2,019	1,087,327
2,020	959,824
2,021	832,388
Subsequent	2,525,038
Total	$ 8,030,858

EQUITY AND REDEEMABLE NONCONT80

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Details) $ / shares in Units, $ in Thousands	Dec. 13, 2016$ / shares	Oct. 31, 2016$ / shares	Aug. 01, 2016$ / shares	May 02, 2016$ / shares	Feb. 01, 2016$ / shares	Nov. 02, 2015$ / shares	Sep. 01, 2015$ / shares	May 21, 2015$ / shares	Feb. 19, 2015$ / shares	Feb. 13, 2013USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Sep. 30, 2016$ / shares	Jun. 30, 2016$ / shares	Mar. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015$ / shares	Jun. 30, 2015$ / shares	Mar. 31, 2015USD ($)$ / shares	Dec. 31, 2016USD ($)Tranche$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / shares
Allocation to Noncontrolling Interests
Distributions to preferred Operating Partnership units																			$ (8,680)	$ (8,884)	$ (8,965)
Net income allocation to noncontrolling interests in operating partnership from continuing operations (common units)																			(7,051)	(7,466)	(3,228)
Net Income (Loss) Distributed to General Operating Partnership LTIP Units																			(2,920)	(2,524)	0
Net income allocated to noncontrolling interest in consolidated real estate affiliates																			(1,255)	(161)	(1,851)
Allocation to noncontrolling interests																			(19,906)	(19,035)	(14,044)
Other comprehensive loss (income) allocated to noncontrolling interests																			2	233	78
Comprehensive income allocated to noncontrolling interests																			$ (19,904)	(18,802)	(13,966)
Number of preferred redeemable noncontrolling interests | Tranche																			1
Conversion ratio for convertible common units to common stock																			1
Unit Conversions Disclosures
Preferred Stock, Redemption Amount											$ 144,060								$ 144,060
Redemption Value																			(3,205)
Activity of redeemable noncontrolling interests
Balance at the beginning of the period														$ 287,627				$ 299,296	287,627	299,296	228,902
Net income (loss)																			7,051	7,466	3,228
Distributions																			(5,449)	(4,258)	(3,059)
Redemption of operating partnership units																			(2,120)	(805)	(350)
Other comprehensive income																			(2)	(233)	(78)
Fair value adjustment for noncontrolling interests in Operating Partnership																			(21,175)	(13,839)	70,653
Balance at the end of the period											$ 262,727				$ 287,627				$ 262,727	$ 287,627	$ 299,296
Common Stock Dividend
Dividends declared per share (in dollars per share) | $ / shares	$ 0.26	$ 0.22	$ 0.20	$ 0.19	$ 0.19	$ 0.19	$ 0.18	$ 0.17	$ 0.17		$ 0.48	$ 0.20	$ 0.19	$ 0.19	$ 0.19	$ 0.18	$ 0.17	$ 0.17	$ 1.06	$ 0.71	$ 0.63
Distributions paid on common stock
Ordinary income | $ / shares																			0.685	0.752	0.499
Capital gain distributions | $ / shares																			0.300	0	0.034
Distributions per share | $ / shares																			$ 0.985	$ 0.752	$ 0.533
Number of business days preceding the record date of dividend for enrolling in DRIP																			4 days
Number of shares issued due to DRIP elections for dividends declared | shares																			32,381	23,542
Distributions paid on preferred stock
Preferred Stock dividends declared (in dollars per share) | $ / shares		$ 0.3984	$ 0.3984	$ 0.3984	$ 0.3984	$ 0.3984	$ 0.3984	$ 0.3984	$ 0.3984
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount											$ 118,667				$ 129,724				$ 118,667	$ 129,724
Series B
Unit Conversions Disclosures
Number of Common Units for each Preferred Unit | shares											3								3
Number of Contractual Convertible Preferred Units Outstanding | shares											1,184,417								1,184,417
Converted Basis to Common Units Outstanding | shares											3,694,536								3,694,536
Conversion Price (in dollars per share) | $ / shares																			$ 16.66670
Preferred Stock, Redemption Amount											$ 92,290								$ 92,290
GGP stock price per share | $ / shares											$ 24.98								$ 24.98
Series D
Unit Conversions Disclosures
Number of Common Units for each Preferred Unit | shares											1.50821								1.50821
Number of Contractual Convertible Preferred Units Outstanding | shares											532,750								532,750
Converted Basis to Common Units Outstanding | shares											835,447								835,447
Conversion Price (in dollars per share) | $ / shares																			$ 33.15188
Preferred Stock, Redemption Amount											$ 26,637								$ 26,637
Series E
Unit Conversions Disclosures
Number of Common Units for each Preferred Unit | shares											1.29836								1.29836
Number of Contractual Convertible Preferred Units Outstanding | shares											502,658								502,658
Converted Basis to Common Units Outstanding | shares											678,583								678,583
Conversion Price (in dollars per share) | $ / shares																			$ 38.51000
Preferred Stock, Redemption Amount											$ 25,133								$ 25,133
Redeemable Preferred Stock
Distributions paid on common stock
Number of preferred shares redeemed through public offering | shares										10,000,000
Preferred Shares Dividend (as a percent)										6.375%
Redemption price per share (in dollars per share) | $ / shares										$ 25	$ 25								$ 25
Net proceeds from preferred shares issued after issuance costs										$ 242,000
Conversion of preferred share per common share issued upon conversion | shares											2.4679								2.4679

EARNINGS PER SHARE Schedule of

EARNINGS PER SHARE Schedule of Earnings Per Share Calculation (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerators—Basic:
Income from continuing operations	$ 241,284	$ 681,748	$ 189,901	$ 195,337	$ 196,627	$ 127,366	$ 427,853	$ 641,750	$ 1,308,273	$ 1,393,596	$ 398,011
Preferred Stock dividends									(15,935)	(15,937)	(15,936)
Allocation to noncontrolling interests									(19,906)	(19,035)	(12,935)
Income from continuing operations—net of noncontrolling interests									1,272,432	1,358,624	369,140
Discontinued operations									0	0	281,883
Allocation to noncontrolling interests									0	0	(1,109)
Discontinued operations—net of noncontrolling interests									0	0	280,774
Net income									1,308,273	1,393,596	679,894
Preferred stock dividends									(15,935)	(15,937)	(15,936)
Allocation to noncontrolling interests									(19,906)	(19,035)	(14,044)
Net income attributable to the ventures	232,476	670,194	181,962	187,796	190,053	119,868	417,956	630,747	1,272,432	1,358,624	649,914
Numerators—Diluted:
Income from continuing operations—net of noncontrolling interests									1,272,432	1,358,624	369,140
Diluted income from continuing operations									1,272,432	1,358,624	369,140
Net income attributable to the ventures	$ 232,476	$ 670,194	$ 181,962	$ 187,796	$ 190,053	$ 119,868	$ 417,956	$ 630,747	1,272,432	1,358,624	649,914
Diluted net income attributable to common stockholders									$ 1,272,432	$ 1,358,624	$ 649,914
Denominators:
Weighted-average number of common shares outstanding—basic	884,948	885,092	883,381	882,673	882,419	884,640	886,218	885,462	884,029	884,676	887,031
Effect of dilutive securities									68,304	66,386	57,690
Weighted-average number of common shares outstanding—diluted	950,301	955,856	952,290	950,154	948,418	949,061	952,597	954,432	952,333	951,062	944,721
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									11,758	11,807	10,338
Preferred Units
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									5,209	5,415	5,505
Common Units
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									4,782	4,783	4,833
Stock Options
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									1,767	1,609	0

STOCK-BASED COMPENSATION PLAN82

STOCK-BASED COMPENSATION PLANS Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock-Based Compensation Plans
Dividends	$ 156,331
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
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	2 years 8 months
Intrinsic value of options exercised in period	$ 42,100,000	$ 22,900,000	$ 18,200,000
Vesting period of a portion of the shares	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 2,000,000	$ 3,000,000	$ 29,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Deferred Compensation Arrangement with Individual, Cash Awards Granted, Percentage	10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	90.00%
LTIP Common Units [Member]
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	593,200	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 26.07	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	593,200
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 26.07
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 0
Stock options
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	15,277,189	18,162,700	19,744,224	21,565,281
Weighted-average fair value for stock options granted (in dollars per share)	$ 4.52	$ 5.84
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 17.90	$ 17.34	$ 17.18	$ 17.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	247,592	267,253	50,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 20.81	$ 28.86	$ 22.41
Stock options | Certain employees | Maximum [Member]
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Restricted Stock
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(71,570)	(114,563)	(1,154,894)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 28.48	$ 16.75	$ 14.08
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(10,379)	(37,246)	(17,988)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 27.28	$ 26.86	$ 14.73
Restricted Stock | Minimum
Stock-Based Compensation Plans
Vesting period of a portion of the shares	2 years
Restricted Stock | Maximum [Member]
Stock-Based Compensation Plans
Vesting period of a portion of the shares	4 years
LTIP Common Units [Member]
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	3,775,802	1,724,747	0
Dividends	$ 19,064
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 27.40	$ 29.32	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	2,089,917	1,758,396
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 25.84	$ 29.32

EARNINGS PER SHARE Narrative (D

EARNINGS PER SHARE Narrative (Details) - USD ($) $ in Thousands	Feb. 10, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jul. 29, 2016
Earnings Per Share, Basic and Diluted
Treasury stock purchases, shares		1,260,490	4,053,620	0
Treasury shares, value		$ 46,225	$ 109,570	$ 555,801
Investment Owned, Balance, Shares					18,300,000
Common stock in treasury, shares		56,596,651	56,240,259
GGPLP
Earnings Per Share, Basic and Diluted
Treasury stock purchases, shares	27,624,282	1,887,751	4,324,489
Treasury shares, value	$ 555,800	$ 46,200	$ 109,500	$ 1,100,000
Purchase and subsequent exercise of warrants				27,459,195
Investment Owned, Balance, Shares				83,428,585
Common stock in treasury, shares		627,261	270,869	55,969,390

STOCK-BASED COMPENSATION PLAN84

STOCK-BASED COMPENSATION PLANS Stock Option Activity for GGP Equity Plan (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock options
Weighted Average Remaining Contractual Term (in years)	5 years 7 months 1 day
Shares
Exercised (in shares)	(2,886,986)	(1,432,250)	(1,164,945)
Stock options
Shares
Stock options Outstanding at the beginning of the period (in shares)	18,162,700	19,744,224	21,565,281
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	247,592	267,253	50,000
Exercised (in shares)	(2,886,986)	(1,374,512)	(1,164,945)
Forfeited (in shares)	(230,509)	(460,588)	(662,820)
Expired (in shares)	(15,608)	(13,677)	(43,292)
Stock options Outstanding at the end of the period (in shares)	15,277,189	18,162,700	19,744,224
Weighted Average Exercise Price
Stock options Outstanding at the beginning of the period (in dollars per share)	$ 17.34	$ 17.18	$ 17.11
Granted (in dollars per share)	20.81	28.86	22.41
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	14.45	16.54	15.33
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	19.94	19.78	18.71
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	17.73	17.17	14.43
Stock options Outstanding at the end of the period (in dollars per share)	$ 17.90	$ 17.34	$ 17.18

STOCK-BASED COMPENSATION PLAN85

STOCK-BASED COMPENSATION PLANS Weighted Average Remaining Contractual Term of Nonvested Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stock Options Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	15,277,189
Weighted Average Remaining Contractual Term (in years)	5 years 9 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 17.90
Intrinsic value	$ 108,163
Stock Options Exercisable
Shares	11,497,384
Weighted Average Remaining Contractual Term (in years)	5 years 7 months 1 day
Weighted Average Exercise Price (in dollars per share)	$ 17.15
Exercisable, intrinsic value	$ 90,025
Range of Exercise Prices, $8.00 - $12.00
Stock Options Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	1,010,350
Weighted Average Remaining Contractual Term (in years)	3 years 9 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 9.60
Stock Options Exercisable
Shares	1,010,350
Weighted Average Remaining Contractual Term (in years)	3 years 9 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 9.60
Exercise price range, lower range limit	8
Exercise price range, upper range limit	$ 12
Range of Exercise Prices, $13.00 - $17.00
Stock Options Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	4,076,567
Weighted Average Remaining Contractual Term (in years)	4 years 5 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 14.5
Stock Options Exercisable
Shares	4,076,567
Weighted Average Remaining Contractual Term (in years)	4 years 5 months 24 days
Weighted Average Exercise Price (in dollars per share)	$ 14.53
Exercise price range, lower range limit		$ 13
Exercise price range, upper range limit		17
Range of Exercise Prices, $18.00 - $23.00
Stock Options Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	9,878,353
Shares	6,352,711
Weighted Average Remaining Contractual Term (in years)	6 years 6 months
Weighted Average Exercise Price (in dollars per share)	$ 19.8
Stock Options Exercisable
Weighted Average Remaining Contractual Term (in years)	6 years 6 months 25 days
Weighted Average Exercise Price (in dollars per share)	$ 19.93
Exercise price range, lower range limit		18
Exercise price range, upper range limit		$ 23
Range of Exercise Prices from Dollars 24 to 30 [Member]
Stock Options Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	311,919
Weighted Average Remaining Contractual Term (in years)	8 years 2 months 20 days
Weighted Average Exercise Price (in dollars per share)	$ 27.96
Stock Options Exercisable
Shares	57,756
Weighted Average Remaining Contractual Term (in years)	7 years 3 months 21 days
Weighted Average Exercise Price (in dollars per share)	$ 28.86

STOCK-BASED COMPENSATION PLAN86

STOCK-BASED COMPENSATION PLANS Restricted Stock Activity for Grant Year (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	2 years 8 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 2	$ 3	$ 29.5
Restricted Stock
Shares
Outstanding at the beginning of the year (in shares)	206,219	104,142	1,242,924
Granted (in shares)	329,326	253,886	34,100
Vested (in shares)	(71,570)	(114,563)	(1,154,894)
Canceled (in shares)	(10,379)	(37,246)	(17,988)
Outstanding at the end of the year (in shares)	453,596	206,219	104,142
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)	$ 29.16	$ 14.79	$ 13.99
Granted (in dollars per share)	26.20	29.12	20.04
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	28.48	16.75	14.08
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	27.28	26.86	14.73
Outstanding at the end of the year (in dollars per share)	$ 27.16	$ 29.16	$ 14.79

STOCK-BASED COMPENSATION PLAN87

STOCK-BASED COMPENSATION PLANS Weighted Average Estimated Values of Options Granted (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Required Disclosures
Risk-free interest rate (as a percent)	1.52%	1.75%	2.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.07%	2.33%	2.70%
Expected volatility (as a percent)	25.00%	25.00%	30.00%
Expected life	6 years 3 months	6 years 3 months	6 years 3 months

STOCK-BASED COMPENSATION PLAN88

STOCK-BASED COMPENSATION PLANS Compensation Expense Related to Stock-based Compensation Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock-Based Compensation Plans
Compensation expense	$ 35,926	$ 32,613	$ 25,238
Stock option grants, forfeitures, shares	2,886,986	1,432,250	1,164,945
Stock options
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	15,277,189	18,162,700	19,744,224	21,565,281
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 17.90	$ 17.34	$ 17.18	$ 17.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	247,592	267,253	50,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 20.81	$ 28.86	$ 22.41
Stock option grants, forfeitures, shares	2,886,986	1,374,512	1,164,945
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 14.45	$ 16.54	$ 15.33
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	230,509	460,588	662,820
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 19.94	$ 19.78	$ 18.71
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	15,608	13,677	43,292
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$ 17.73	$ 17.17	$ 14.43
LTIP Common Units [Member]
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	3,775,802	1,724,747	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 27.40	$ 29.32	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	2,089,917	1,758,396
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 25.84	$ 29.32
Stock option grants, forfeitures, shares	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	38,862	33,649
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 28.95	$ 29.04
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$ 0	$ 0
Property management and other costs | Stock options
Stock-Based Compensation Plans
Compensation expense	$ 5,833	$ 7,103	$ 7,468
Property management and other costs | Restricted Stock
Stock-Based Compensation Plans
Compensation expense	2,860	2,853	1,683
Property management and other costs | LTIP Common Units [Member]
Stock-Based Compensation Plans
Compensation expense	1,346	1,046	0
General and administrative | Stock options
Stock-Based Compensation Plans
Compensation expense	10,448	11,006	15,074
General and administrative | Restricted Stock
Stock-Based Compensation Plans
Compensation expense	635	603	1,013
General and administrative | LTIP Common Units [Member]
Stock-Based Compensation Plans
Compensation expense	$ 14,804	$ 10,002	$ 0

STOCK-BASED COMPENSATION PLAN89

STOCK-BASED COMPENSATION PLANS Unrecognized Compensation Expense (Details) $ in Thousands	Dec. 31, 2016USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
2,017	$ 32,196
2,018	20,867
2,019	10,604
2,020	714
Unrecognized compensation expense	$ 64,381

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Trade receivables	$ 107,107	$ 109,401
Short-term tenant receivables	1,414	1,321
Straight-line rent receivable	227,859	236,589
Other accounts receivable	3,699	3,916
Total accounts receivable	340,079	351,227
Provision for doubtful accounts	17,883	14,655
Accounts receivable, net	$ 322,196	$ 336,572

NOTES RECEIVABLE Significant Co

NOTES RECEIVABLE Significant Components of Accounts and Notes Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Financing Receivable, Gross	$ 665,289	$ 636,737
Accrued Investment Income Receivable	13,207	16,046
Other Receivables, Gross, Current	678,496	652,783
Receivable with Imputed Interest, Discount	0	(11,338)
Notes receivable, net	$ 678,496	$ 641,445

NOTES RECEIVABLE Narrative (Det

NOTES RECEIVABLE Narrative (Details) - USD ($) $ in Thousands, shares in Millions	Jul. 29, 2016	Nov. 11, 2015	Sep. 17, 2015	Jun. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Apr. 17, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment Owned, Balance, Shares	18.3
Sale of Stock, Percentage of Ownership after Transaction	11.30%
Sale of Stock, Consideration Received on Transaction	$ 84,900
Provision for loan loss					$ 29,615	$ 0	$ 0
Provision for Other Losses					7,500
Ashkenazy [Domain]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent		$ 57,600	$ 40,400
Note receivable interest rate stated		8.00%	6.00%
685 5th Avenue New York, New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent					$ 125,700
Note receivable interest rate stated					7.50%
530 5th Avenue New York, New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent					$ 51,700
Note receivable interest rate stated					9.00%
MKB [Domain]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent				$ 80,000		$ 16,300
Note receivable interest rate stated				6.00%
730 5th Avenue [Domain]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent					$ 204,300			$ 204,300
730 5th Avenue Retail [Domain]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent					$ 104,300
Note receivable interest rate stated					8.00%
Notes, Loans and Financing Receivable, Gross, Current					$ 232,900
730 5th Avenue Office [Domain]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent					$ 100,000
Note receivable interest rate stated					9.00%
Unconsolidated | Aliansce Shopping Centers S.A
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable	$ 78,900
Effective interest rate (as a percent)					14.00%

PREPAID EXPENSES AND OTHER AS93

PREPAID EXPENSES AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Intangible assets:
Gross Asset	$ 743,302	$ 875,779
Accumulated Amortization	(420,457)	(459,400)
Net Carrying Amount	322,845	416,379
Remaining Prepaid expenses and other assets:
Security and escrow deposits	59,054	87,818
Prepaid expenses	46,709	43,809
Other Non Tenant Receivables	34,677	326,391
Deferred tax, net of valuation allowances	6,943	19,743	$ 4,220
Other Assets, Current	0	45,278
Other	36,293	29,455
Total remaining Prepaid expenses and other assets	183,676	552,494
Total Prepaid expenses and other assets	506,521	968,873
Above-market tenant leases, net
Intangible assets:
Gross Asset	512,802	644,728
Accumulated Amortization	(368,900)	(416,181)
Net Carrying Amount	143,902	228,547
Below-market ground leases, net
Intangible assets:
Gross Asset	118,994	119,545
Accumulated Amortization	(12,788)	(10,761)
Net Carrying Amount	106,206	108,784
Real estate tax stabilization agreement, net
Intangible assets:
Gross Asset	111,506	111,506
Accumulated Amortization	(38,769)	(32,458)
Net Carrying Amount	$ 72,737	$ 79,048

ACCOUNTS PAYABLE AND ACCRUED 94

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Intangible liabilities:
Gross Liability	$ 291,443	$ 380,510
Accumulated Accretion	(184,814)	(213,968)
Balance	106,629	166,542
Remaining Accounts payable and accrued expenses:
Accrued interest	47,821	46,129
Accounts payable and accrued expenses	87,485	64,954
Accrued real estate taxes	87,313	80,599
Deferred gains/income	91,720	125,701
Accrued payroll and other employee liabilities	57,721	66,970
Construction payable	115,077	158,027
Tenant and other deposits	15,061	25,296
Insurance reserve liability	14,184	15,780
Capital lease obligations	5,386	11,385
Conditional asset retirement obligation liability	5,327	5,927
Other	21,638	17,183
Total remaining Accounts payable and accrued expenses	548,733	617,951
Total Accounts payable and accrued expenses	655,362	784,493
Below-market tenant leases, net
Intangible liabilities:
Gross Liability	267,048	356,115
Accumulated Accretion	(172,210)	(203,474)
Balance	94,838	152,641
Above-market headquarters office leases, net
Intangible liabilities:
Gross Liability	15,268	15,268
Accumulated Accretion	(10,346)	(8,604)
Balance	4,922	6,664
Above-market ground leases, net
Intangible liabilities:
Gross Liability	9,127	9,127
Accumulated Accretion	(2,258)	(1,890)
Balance	$ 6,869	$ 7,237

ACCUMULATED OTHER COMPREHENSI95

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Net unrealized gains on financial instruments	$ 104	$ 100
Foreign currency translation	(70,560)	(84,798)
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0	11,894
Accumulated other comprehensive loss	$ (70,456)	$ (72,804)

LITIGATION (Details)

LITIGATION (Details) $ in Thousands	Dec. 12, 2014USD ($)Asset	Sep. 15, 2014USD ($)	May 19, 2014USD ($)Asset	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)Asset
Urban Litigation [Abstract]
Gain (loss) related to litigation settlement			$ 17,900	$ 0	$ 0	$ (17,854)
Preferred units, contributed capital			$ 60,000
Economic interest in joint venture received by co venturer percent			5.60%
Default Interest
Payment of Litigation Settlement		$ 144,100
Tax Indemnification Liability
Number of properties sold | Asset			3
Real Estate Investment Property, at Cost	$ 106,800
Fair Value, Net Asset (Liability)	130,000
Consideration to settle Tax Indemnification Liability	$ 138,000
Discontinuing operations
Tax Indemnification Liability
Number of properties sold | Asset	6					6
Junior subordinated notes	$ 322,000
Buildings and improvements, gross	$ 77,200
HHC
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
Junior subordinated notes				$ 0	$ 0	$ 321,958

COMMITMENTS AND CONTINGENCIES97

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Contractual Rent Expense [Abstract]
Contractual rent expense, including participation rent	$ 8,589	$ 8,546	$ 13,605
Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent	6,278	$ 6,183	$ 9,036
Long Term Debt and Ground Leases [Abstract]
2,017	518,484
2,018	509,130
2,019	1,068,327
2,020	1,735,584
2,021	2,848,438
Subsequent/ Other	6,463,182
Total	13,143,145
Mortgages, notes and loans payable
Long Term Debt and Ground Leases [Abstract]
2,017	365,549
2,018	500,624
2,019	1,059,628
2,020	1,647,570
2,021	2,841,413
Subsequent/ Other	6,015,634
Total	12,430,418
Retained debt-principal
Long Term Debt and Ground Leases [Abstract]
2,017	1,711
2,018	1,808
2,019	1,909
2,020	81,042
2,021	0
Subsequent/ Other	0
Total	86,470
Purchase obligations
Long Term Debt and Ground Leases [Abstract]
2,017	144,498
2,018	0
2,019	0
2,020	0
2,021	0
Subsequent/ Other	0
Total	144,498
Ground lease payments
Long Term Debt and Ground Leases [Abstract]
2,017	6,726
2,018	6,698
2,019	6,790
2,020	6,972
2,021	7,025
Subsequent/ Other	241,348
Total	275,559
Junior Subordinated Notes due 2041
Long Term Debt and Ground Leases [Abstract]
2,017	0
2,018	0
2,019	0
2,020	0
2,021	0
Subsequent/ Other	206,200
Total	$ 206,200

QUARTERLY FINANCIAL INFORMATI98

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Dec. 13, 2016	Oct. 31, 2016	Aug. 01, 2016	May 02, 2016	Feb. 01, 2016	Nov. 02, 2015	Sep. 01, 2015	May 21, 2015	Feb. 19, 2015	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenues										$ 610,335	$ 554,493	$ 574,586	$ 607,032	$ 644,634	$ 585,324	$ 579,805	$ 594,143	$ 2,346,446	$ 2,403,906	$ 2,535,559
Operating income (loss)										256,818	153,417	216,035	173,980	268,727	224,975	227,378	202,813	800,253	923,893	941,513
Income from continuing operations										241,284	681,748	189,901	195,337	196,627	127,366	427,853	641,750	1,308,273	1,393,596	398,011
Net income attributable to common shareholders										$ 232,476	$ 670,194	$ 181,962	$ 187,796	$ 190,053	$ 119,868	$ 417,956	$ 630,747	$ 1,272,432	$ 1,358,624	$ 649,914
Basic Earnings (Loss) Per Share:
Continuing operations (in dollars per share)										$ 0.26	$ 0.76	$ 0.21	$ 0.21	$ 0.22	$ 0.14	$ 0.47	$ 0.71	$ 1.44	$ 1.54	$ 0.42
Diluted Earnings (Loss) Per Share:
Continuing operations (in dollars per share)										0.24	0.70	0.19	0.20	0.20	0.13	0.44	0.66	1.34	1.43	0.39
Dividends declared per share (in dollars per share)	$ 0.26	$ 0.22	$ 0.20	$ 0.19	$ 0.19	$ 0.19	$ 0.18	$ 0.17	$ 0.17	$ 0.48	$ 0.20	$ 0.19	$ 0.19	$ 0.19	$ 0.18	$ 0.17	$ 0.17	$ 1.06	$ 0.71	$ 0.63
Weighted-average shares outstanding:
Basic (in shares)										884,948	885,092	883,381	882,673	882,419	884,640	886,218	885,462	884,029	884,676	887,031
Diluted (in shares)										950,301	955,856	952,290	950,154	948,418	949,061	952,597	954,432	952,333	951,062	944,721

SCHEDULE III - REAL ESTATE AN99

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Variable-rate debt				$ 1,989,252	$ 2,294,858
Acquisition Cost
Encumbrances(a)				12,636,616
Land				3,039,642
Buildings and Improvements				14,737,835
Costs Capitalized Subsequent to Acquisition
Land				26,375
Buildings and Improvements				1,605,366
Gross Amounts at Which Carried at Close of Period
Land				3,066,019
Buildings and Improvements				16,343,198
Total	$ 20,285,046	$ 22,977,310	$ 22,998,275	19,409,217	$ 20,285,046
Aggregate Cost of land, buildings, and improvements for federal income tax purposes	15,400,000
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	19,409,217	20,285,046	22,977,310
Additions	958,651	765,960	703,227
Impairments	130,619	0	5,278
Dispositions, transfers and write-offs	1,703,861	3,458,224	718,914
Balance at end of period	20,285,046	22,977,310	22,998,275
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at beginning of period	2,452,127	2,280,845	1,884,861
Depreciation expense	620,540	607,192	685,006
Dispositions, transfers and write-offs	335,381	435,910	289,022
Balance at end of period	2,737,286	$ 2,452,127	$ 2,280,845
Apache Mall
Acquisition Cost
Encumbrances(a)				0
Land				17,738
Buildings and Improvements				116,663
Costs Capitalized Subsequent to Acquisition
Land				8,043
Buildings and Improvements				15,111
Gross Amounts at Which Carried at Close of Period
Land				25,781
Buildings and Improvements				131,774
Total	157,555			157,555
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	157,555
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	25,609
Augusta Mall
Acquisition Cost
Encumbrances(a)				169,759
Land				25,450
Buildings and Improvements				137,376
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				8,620
Gross Amounts at Which Carried at Close of Period
Land				25,450
Buildings and Improvements				145,996
Total	171,446			171,446
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	171,446
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	32,068
Baybrook Mall
Acquisition Cost
Encumbrances(a)				254,814
Land				76,527
Buildings and Improvements				288,241
Costs Capitalized Subsequent to Acquisition
Land				(1,091)
Buildings and Improvements				6,842
Gross Amounts at Which Carried at Close of Period
Land				75,436
Buildings and Improvements				295,083
Total	370,519			370,519
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	370,519
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	50,698
Beachwood Place
Acquisition Cost
Encumbrances(a)				219,500
Land				59,156
Buildings and Improvements				196,205
Costs Capitalized Subsequent to Acquisition
Land				1,355
Buildings and Improvements				21,769
Gross Amounts at Which Carried at Close of Period
Land				60,511
Buildings and Improvements				217,974
Total	278,485			278,485
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	278,485
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	32,952
Bellis Fair
Acquisition Cost
Encumbrances(a)				86,550
Land				14,122
Buildings and Improvements				102,033
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				24,788
Gross Amounts at Which Carried at Close of Period
Land				14,122
Buildings and Improvements				126,821
Total	140,943			140,943
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	140,943
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	22,864
Boise Towne Square
Acquisition Cost
Encumbrances(a)				146,854
Land				44,182
Buildings and Improvements				163,118
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				9,270
Gross Amounts at Which Carried at Close of Period
Land				44,182
Buildings and Improvements				172,388
Total	216,570			216,570
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	216,570
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	31,068
Brass Mill Center
Acquisition Cost
Encumbrances(a)				66,274
Land				31,496
Buildings and Improvements				99,107
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				8,165
Gross Amounts at Which Carried at Close of Period
Land				31,496
Buildings and Improvements				107,272
Total	138,768			138,768
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	138,768
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	23,874
Coastland Center
Acquisition Cost
Encumbrances(a)				119,332
Land				24,470
Buildings and Improvements				166,038
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				1,875
Gross Amounts at Which Carried at Close of Period
Land				24,470
Buildings and Improvements				167,913
Total	192,383			192,383
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	192,383
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	29,476
Columbia Mall
Acquisition Cost
Encumbrances(a)				0
Land				7,943
Buildings and Improvements				107,969
Costs Capitalized Subsequent to Acquisition
Land				(154)
Buildings and Improvements				596
Gross Amounts at Which Carried at Close of Period
Land				7,789
Buildings and Improvements				108,565
Total	116,354			116,354
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	116,354
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	17,808
Columbiana Centre
Acquisition Cost
Encumbrances(a)				123,927
Land				22,178
Buildings and Improvements				125,061
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				3,236
Gross Amounts at Which Carried at Close of Period
Land				22,178
Buildings and Improvements				128,297
Total	150,475			150,475
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	150,475
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	23,157
Coral Ridge Mall
Acquisition Cost
Encumbrances(a)				110,870
Land				20,178
Buildings and Improvements				134,515
Costs Capitalized Subsequent to Acquisition
Land				2,219
Buildings and Improvements				3,053
Gross Amounts at Which Carried at Close of Period
Land				22,397
Buildings and Improvements				137,568
Total	159,965			159,965
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	159,965
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	25,853
Coronado Center
Acquisition Cost
Encumbrances(a)				189,520
Land				28,312
Buildings and Improvements				153,526
Costs Capitalized Subsequent to Acquisition
Land				4,545
Buildings and Improvements				47,280
Gross Amounts at Which Carried at Close of Period
Land				32,857
Buildings and Improvements				200,806
Total	233,663			233,663
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	233,663
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	38,219
Crossroads Center
Acquisition Cost
Encumbrances(a)				99,102
Land				15,499
Buildings and Improvements				103,077
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,685
Gross Amounts at Which Carried at Close of Period
Land				15,499
Buildings and Improvements				109,762
Total	125,261			125,261
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	125,261
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	18,479
Cumberland Mall
Acquisition Cost
Encumbrances(a)				159,769
Land				36,913
Buildings and Improvements				138,795
Costs Capitalized Subsequent to Acquisition
Land				(309)
Buildings and Improvements				13,352
Gross Amounts at Which Carried at Close of Period
Land				36,604
Buildings and Improvements				152,147
Total	188,751			188,751
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	188,751
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	28,945
Deerbrook Mall
Acquisition Cost
Encumbrances(a)				140,539
Land				36,761
Buildings and Improvements				133,448
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				16,123
Gross Amounts at Which Carried at Close of Period
Land				36,761
Buildings and Improvements				149,571
Total	186,332			186,332
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	186,332
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	23,552
Eastridge Mall
Acquisition Cost
Encumbrances(a)				43,105
Land				5,484
Buildings and Improvements				36,756
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				8,370
Gross Amounts at Which Carried at Close of Period
Land				5,484
Buildings and Improvements				45,126
Total	50,610			50,610
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	50,610
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	13,058
Fashion Place
Acquisition Cost
Encumbrances(a)				226,325
Land				24,068
Buildings and Improvements				232,456
Costs Capitalized Subsequent to Acquisition
Land				2,079
Buildings and Improvements				38,930
Gross Amounts at Which Carried at Close of Period
Land				26,147
Buildings and Improvements				271,386
Total	297,533			297,533
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	297,533
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	44,419
Four Seasons Town Centre
Acquisition Cost
Encumbrances(a)				74,325
Land				17,259
Buildings and Improvements				126,570
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,246
Gross Amounts at Which Carried at Close of Period
Land				17,259
Buildings and Improvements				132,816
Total	150,075			150,075
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	150,075
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	33,997
Fox River Mall
Acquisition Cost
Encumbrances(a)				171,923
Land				42,259
Buildings and Improvements				217,932
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				2,239
Gross Amounts at Which Carried at Close of Period
Land				42,259
Buildings and Improvements				220,171
Total	262,430			262,430
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	262,430
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	36,309
Glenbrook Square
Acquisition Cost
Encumbrances(a)				161,731
Land				30,965
Buildings and Improvements				147,002
Costs Capitalized Subsequent to Acquisition
Land				2,444
Buildings and Improvements				15,555
Gross Amounts at Which Carried at Close of Period
Land				33,409
Buildings and Improvements				162,557
Total	195,966			195,966
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	195,966
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	28,381
Governor's Square
Acquisition Cost
Encumbrances(a)				69,307
Land				18,289
Buildings and Improvements				123,088
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				10,781
Gross Amounts at Which Carried at Close of Period
Land				18,289
Buildings and Improvements				133,869
Total	152,158			152,158
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	152,158
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	36,206
Grand Teton Mall
Acquisition Cost
Encumbrances(a)				45,259
Land				13,066
Buildings and Improvements				59,658
Costs Capitalized Subsequent to Acquisition
Land				(1,026)
Buildings and Improvements				(4,462)
Gross Amounts at Which Carried at Close of Period
Land				12,040
Buildings and Improvements				55,196
Total	67,236			67,236
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	67,236
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	10,603
Greenwood Mall
Acquisition Cost
Encumbrances(a)				62,864
Land				12,459
Buildings and Improvements				85,370
Costs Capitalized Subsequent to Acquisition
Land				(330)
Buildings and Improvements				639
Gross Amounts at Which Carried at Close of Period
Land				12,129
Buildings and Improvements				86,009
Total	98,138			98,138
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	98,138
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	20,079
Hulen Mall
Acquisition Cost
Encumbrances(a)				122,821
Land				8,665
Buildings and Improvements				112,252
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				23,546
Gross Amounts at Which Carried at Close of Period
Land				8,665
Buildings and Improvements				135,798
Total	144,463			144,463
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	144,463
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	21,897
Jordan Creek Town Center
Acquisition Cost
Encumbrances(a)				209,087
Land				54,663
Buildings and Improvements				262,608
Costs Capitalized Subsequent to Acquisition
Land				(226)
Buildings and Improvements				1,244
Gross Amounts at Which Carried at Close of Period
Land				54,437
Buildings and Improvements				263,852
Total	318,289			318,289
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	318,289
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	43,863
Lakeside Mall
Acquisition Cost
Encumbrances(a)				144,451
Land				36,993
Buildings and Improvements				130,460
Costs Capitalized Subsequent to Acquisition
Land				(15,366)
Buildings and Improvements				(66,866)
Gross Amounts at Which Carried at Close of Period
Land				21,627
Buildings and Improvements				63,594
Total	85,221			85,221
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	85,221
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	780
Lynnhaven Mall
Acquisition Cost
Encumbrances(a)				234,482
Land				54,628
Buildings and Improvements				219,013
Costs Capitalized Subsequent to Acquisition
Land				(90)
Buildings and Improvements				53,302
Gross Amounts at Which Carried at Close of Period
Land				54,538
Buildings and Improvements				272,315
Total	326,853			326,853
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	326,853
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	45,128
Mall of Louisiana
Acquisition Cost
Encumbrances(a)				0
Land				88,742
Buildings and Improvements				319,097
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,599
Gross Amounts at Which Carried at Close of Period
Land				88,742
Buildings and Improvements				325,696
Total	414,438			414,438
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	414,438
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	53,430
Mall St. Matthews
Acquisition Cost
Encumbrances(a)				184,482
Land				42,014
Buildings and Improvements				155,809
Costs Capitalized Subsequent to Acquisition
Land				(6,522)
Buildings and Improvements				13,178
Gross Amounts at Which Carried at Close of Period
Land				35,492
Buildings and Improvements				168,987
Total	204,479			204,479
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	204,479
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	29,656
Market Place Shopping Center
Acquisition Cost
Encumbrances(a)				112,905
Land				21,611
Buildings and Improvements				111,515
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				27,193
Gross Amounts at Which Carried at Close of Period
Land				21,611
Buildings and Improvements				138,708
Total	160,319			160,319
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	160,319
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	24,584
Mayfair Mall
Acquisition Cost
Encumbrances(a)				346,452
Land				84,473
Buildings and Improvements				352,140
Costs Capitalized Subsequent to Acquisition
Land				(1,950)
Buildings and Improvements				41,682
Gross Amounts at Which Carried at Close of Period
Land				82,523
Buildings and Improvements				393,822
Total	476,345			476,345
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	476,345
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	60,926
Meadows Mall
Acquisition Cost
Encumbrances(a)				150,557
Land				30,275
Buildings and Improvements				136,846
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				1,596
Gross Amounts at Which Carried at Close of Period
Land				30,275
Buildings and Improvements				138,442
Total	168,717			168,717
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	168,717
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	23,151
Mondawmin Mall
Acquisition Cost
Encumbrances(a)				84,880
Land				19,707
Buildings and Improvements				63,348
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				22,789
Gross Amounts at Which Carried at Close of Period
Land				19,707
Buildings and Improvements				86,137
Total	105,844			105,844
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	105,844
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	17,953
North Point Mall
Acquisition Cost
Encumbrances(a)				249,631
Land				57,900
Buildings and Improvements				228,517
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				10,081
Gross Amounts at Which Carried at Close of Period
Land				57,900
Buildings and Improvements				238,598
Total	296,498			296,498
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	296,498
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	46,055
North Star Mall
Acquisition Cost
Encumbrances(a)				312,333
Land				91,135
Buildings and Improvements				392,422
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				10,800
Gross Amounts at Which Carried at Close of Period
Land				91,135
Buildings and Improvements				403,222
Total	494,357			494,357
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	494,357
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	63,780
Northridge Fashion Center
Acquisition Cost
Encumbrances(a)				228,724
Land				66,774
Buildings and Improvements				238,023
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				32,482
Gross Amounts at Which Carried at Close of Period
Land				66,774
Buildings and Improvements				270,505
Total	337,279			337,279
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	337,279
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	44,731
NorthTown Mall
Acquisition Cost
Encumbrances(a)				86,210
Land				12,310
Buildings and Improvements				108,857
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				26,233
Gross Amounts at Which Carried at Close of Period
Land				12,310
Buildings and Improvements				135,090
Total	147,400			147,400
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	147,400
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	20,990
Oak View Mall
Acquisition Cost
Encumbrances(a)				77,644
Land				20,390
Buildings and Improvements				107,216
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				(916)
Gross Amounts at Which Carried at Close of Period
Land				20,390
Buildings and Improvements				106,300
Total	126,690			126,690
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	126,690
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	16,540
Oakwood Center
Acquisition Cost
Encumbrances(a)				86,475
Land				21,105
Buildings and Improvements				74,228
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				24,481
Gross Amounts at Which Carried at Close of Period
Land				21,105
Buildings and Improvements				98,709
Total	119,814			119,814
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	119,814
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	19,434
Oakwood Mall
Acquisition Cost
Encumbrances(a)				70,692
Land				13,786
Buildings and Improvements				92,114
Costs Capitalized Subsequent to Acquisition
Land				204
Buildings and Improvements				5,098
Gross Amounts at Which Carried at Close of Period
Land				13,990
Buildings and Improvements				97,212
Total	111,202			111,202
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	111,202
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	17,531
Oglethorpe Mall
Acquisition Cost
Encumbrances(a)				149,773
Land				27,075
Buildings and Improvements				157,100
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				1,223
Gross Amounts at Which Carried at Close of Period
Land				27,075
Buildings and Improvements				158,323
Total	185,398			185,398
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	185,398
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	25,638
Oxmoor Center
Acquisition Cost
Encumbrances(a)				87,186
Land				0
Buildings and Improvements				117,814
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				11,585
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				129,399
Total	129,399			129,399
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	129,399
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	22,861
Paramus Park
Acquisition Cost
Encumbrances(a)				119,515
Land				31,320
Buildings and Improvements				102,054
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,783
Gross Amounts at Which Carried at Close of Period
Land				31,320
Buildings and Improvements				108,837
Total	140,157			140,157
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	140,157
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	20,466
Park City Center
Acquisition Cost
Encumbrances(a)				180,831
Land				42,451
Buildings and Improvements				195,409
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				2,251
Gross Amounts at Which Carried at Close of Period
Land				42,451
Buildings and Improvements				197,660
Total	240,111			240,111
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	240,111
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	31,052
Park Place
Acquisition Cost
Encumbrances(a)				182,865
Land				61,907
Buildings and Improvements				236,019
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,726
Gross Amounts at Which Carried at Close of Period
Land				61,907
Buildings and Improvements				242,745
Total	304,652			304,652
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	304,652
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	38,396
Peachtree Mall
Acquisition Cost
Encumbrances(a)				78,974
Land				13,855
Buildings and Improvements				92,143
Costs Capitalized Subsequent to Acquisition
Land				942
Buildings and Improvements				4,772
Gross Amounts at Which Carried at Close of Period
Land				14,797
Buildings and Improvements				96,915
Total	111,712			111,712
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	111,712
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	16,030
Pecanland Mall
Acquisition Cost
Encumbrances(a)				86,997
Land				12,943
Buildings and Improvements				73,231
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				10,179
Gross Amounts at Which Carried at Close of Period
Land				12,943
Buildings and Improvements				83,410
Total	96,353			96,353
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	96,353
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	16,976
Pembroke Lakes Mall
Acquisition Cost
Encumbrances(a)				259,115
Land				64,883
Buildings and Improvements				254,910
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				(9,318)
Gross Amounts at Which Carried at Close of Period
Land				64,883
Buildings and Improvements				245,592
Total	310,475			310,475
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	310,475
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	40,637
Pioneer Place
Acquisition Cost
Encumbrances(a)				126,621
Land				0
Buildings and Improvements				97,096
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				17,471
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				114,567
Total	114,567			114,567
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	114,567
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	17,180
Prince Kuhio Plaza
Acquisition Cost
Encumbrances(a)				42,098
Land				0
Buildings and Improvements				52,373
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				11,323
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				63,696
Total	63,696			63,696
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	63,696
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	16,929
Providence Place
Acquisition Cost
Encumbrances(a)				385,969
Land				0
Buildings and Improvements				400,893
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				56,166
Gross Amounts at Which Carried at Close of Period
Land				0
Buildings and Improvements				457,059
Total	457,059			457,059
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	457,059
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	66,855
Quail Springs Mall
Acquisition Cost
Encumbrances(a)				67,120
Land				40,523
Buildings and Improvements				149,571
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				7,939
Gross Amounts at Which Carried at Close of Period
Land				40,523
Buildings and Improvements				157,510
Total	198,033			198,033
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	198,033
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	21,657
Red Cliffs Mall
Acquisition Cost
Encumbrances(a)				31,073
Land				6,811
Buildings and Improvements				33,930
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				529
Gross Amounts at Which Carried at Close of Period
Land				6,811
Buildings and Improvements				34,459
Total	41,270			41,270
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	41,270
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	10,373
Ridgedale Center
Acquisition Cost
Encumbrances(a)				0
Land				39,495
Buildings and Improvements				151,090
Costs Capitalized Subsequent to Acquisition
Land				(4,089)
Buildings and Improvements				87,946
Gross Amounts at Which Carried at Close of Period
Land				35,406
Buildings and Improvements				239,036
Total	274,442			274,442
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	274,442
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	29,425
Riverchase Galleria
Acquisition Cost
Encumbrances(a)				220,665
Land				53,423
Buildings and Improvements				271,508
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				0
Gross Amounts at Which Carried at Close of Period
Land				53,423
Buildings and Improvements				271,508
Total	324,931			324,931
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	324,931
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	57,952
River Hills Mall
Acquisition Cost
Encumbrances(a)				70,733
Land				16,207
Buildings and Improvements				85,608
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,325
Gross Amounts at Which Carried at Close of Period
Land				16,207
Buildings and Improvements				91,933
Total	108,140			108,140
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	108,140
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	15,414
Rivertown Crossings
Acquisition Cost
Encumbrances(a)				155,287
Land				47,790
Buildings and Improvements				181,770
Costs Capitalized Subsequent to Acquisition
Land				(504)
Buildings and Improvements				5,114
Gross Amounts at Which Carried at Close of Period
Land				47,286
Buildings and Improvements				186,884
Total	234,170			234,170
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	234,170
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	31,736
Sooner Mall
Acquisition Cost
Encumbrances(a)				71,604
Land				9,902
Buildings and Improvements				69,570
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				2,757
Gross Amounts at Which Carried at Close of Period
Land				9,902
Buildings and Improvements				72,327
Total	82,229			82,229
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	82,229
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	13,245
Spokane Valley Mall
Acquisition Cost
Encumbrances(a)				58,127
Land				16,817
Buildings and Improvements				100,209
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				(8,216)
Gross Amounts at Which Carried at Close of Period
Land				16,817
Buildings and Improvements				91,992
Total	108,809			108,809
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	108,809
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	19,237
Staten Island Mall
Acquisition Cost
Encumbrances(a)				252,664
Land				102,227
Buildings and Improvements				375,612
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				(3,908)
Gross Amounts at Which Carried at Close of Period
Land				102,227
Buildings and Improvements				371,704
Total	473,931			473,931
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	473,931
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	60,428
Stonestown Galleria
Acquisition Cost
Encumbrances(a)				179,793
Land				65,962
Buildings and Improvements				203,043
Costs Capitalized Subsequent to Acquisition
Land				(1,686)
Buildings and Improvements				31,875
Gross Amounts at Which Carried at Close of Period
Land				64,276
Buildings and Improvements				234,918
Total	299,194			299,194
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	299,194
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	32,732
The Crossroads
Acquisition Cost
Encumbrances(a)				94,846
Land				20,261
Buildings and Improvements				95,463
Costs Capitalized Subsequent to Acquisition
Land				1,110
Buildings and Improvements				4,523
Gross Amounts at Which Carried at Close of Period
Land				21,371
Buildings and Improvements				99,986
Total	121,357			121,357
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	121,357
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	15,410
The Gallery at Harborplace
Acquisition Cost
Encumbrances(a)				79,455
Land				15,930
Buildings and Improvements				112,117
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				9,170
Gross Amounts at Which Carried at Close of Period
Land				15,930
Buildings and Improvements				121,287
Total	137,217			137,217
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	137,217
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	25,192
The Maine Mall
Acquisition Cost
Encumbrances(a)				234,649
Land				36,205
Buildings and Improvements				238,067
Costs Capitalized Subsequent to Acquisition
Land				(1,909)
Buildings and Improvements				8,394
Gross Amounts at Which Carried at Close of Period
Land				34,296
Buildings and Improvements				246,461
Total	280,757			280,757
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	280,757
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	40,536
The Mall in Columbia
Acquisition Cost
Encumbrances(a)				341,086
Land				124,540
Buildings and Improvements				479,171
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				25,155
Gross Amounts at Which Carried at Close of Period
Land				124,540
Buildings and Improvements				504,326
Total	628,866			628,866
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	628,866
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	80,027
The Oaks Mall
Acquisition Cost
Encumbrances(a)				129,191
Land				21,954
Buildings and Improvements				173,353
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				(1,792)
Gross Amounts at Which Carried at Close of Period
Land				21,954
Buildings and Improvements				171,561
Total	193,515			193,515
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	193,515
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	25,586
The Parks at Arlington
Acquisition Cost
Encumbrances(a)				252,317
Land				19,807
Buildings and Improvements				299,708
Costs Capitalized Subsequent to Acquisition
Land				49
Buildings and Improvements				19,691
Gross Amounts at Which Carried at Close of Period
Land				19,856
Buildings and Improvements				319,399
Total	339,255			339,255
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	339,255
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	56,615
The Shoppes at Buckland
Acquisition Cost
Encumbrances(a)				120,415
Land				35,180
Buildings and Improvements				146,474
Costs Capitalized Subsequent to Acquisition
Land				(280)
Buildings and Improvements				7,470
Gross Amounts at Which Carried at Close of Period
Land				34,900
Buildings and Improvements				153,944
Total	188,844			188,844
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	188,844
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	24,659
The Shops at Fallen Timbers
Acquisition Cost
Encumbrances(a)				21,014
Land				3,785
Buildings and Improvements				31,771
Costs Capitalized Subsequent to Acquisition
Land				(535)
Buildings and Improvements				(1,721)
Gross Amounts at Which Carried at Close of Period
Land				3,250
Buildings and Improvements				30,050
Total	33,300			33,300
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	33,300
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	11,117
The Shops at La Cantera
Acquisition Cost
Encumbrances(a)				349,275
Land				80,016
Buildings and Improvements				350,737
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				25,296
Gross Amounts at Which Carried at Close of Period
Land				80,016
Buildings and Improvements				376,032
Total	456,048			456,048
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	456,048
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	68,816
The Streets at SouthPoint
Acquisition Cost
Encumbrances(a)				248,150
Land				66,045
Buildings and Improvements				242,189
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				125
Gross Amounts at Which Carried at Close of Period
Land				66,045
Buildings and Improvements				242,314
Total	308,359			308,359
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	308,359
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	42,503
The Woodlands Mall
Acquisition Cost
Encumbrances(a)				245,245
Land				84,889
Buildings and Improvements				349,315
Costs Capitalized Subsequent to Acquisition
Land				2,315
Buildings and Improvements				39,644
Gross Amounts at Which Carried at Close of Period
Land				87,204
Buildings and Improvements				388,959
Total	476,163			476,163
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	476,163
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	61,971
Town East Mall
Acquisition Cost
Encumbrances(a)				159,898
Land				9,928
Buildings and Improvements				168,555
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				6,135
Gross Amounts at Which Carried at Close of Period
Land				9,928
Buildings and Improvements				174,690
Total	184,618			184,618
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	184,618
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	29,547
Westroads Mall
Acquisition Cost
Encumbrances(a)				245,539
Land				2,071
Buildings and Improvements				193,815
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				77,525
Gross Amounts at Which Carried at Close of Period
Land				2,071
Buildings and Improvements				271,340
Total	273,411			273,411
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	273,411
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	44,048
Tysons Galleria
Acquisition Cost
Encumbrances(a)				305,972
Land				90,317
Buildings and Improvements				351,005
Costs Capitalized Subsequent to Acquisition
Land				(105)
Buildings and Improvements				9,920
Gross Amounts at Which Carried at Close of Period
Land				90,212
Buildings and Improvements				360,925
Total	451,137			451,137
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	451,137
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	54,207
Valley Plaza Mall
Acquisition Cost
Encumbrances(a)				239,793
Land				38,964
Buildings and Improvements				211,930
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				1,134
Gross Amounts at Which Carried at Close of Period
Land				38,964
Buildings and Improvements				213,064
Total	252,028			252,028
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	252,028
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	35,868
White Marsh Mall
Acquisition Cost
Encumbrances(a)				73,936
Land				11,912
Buildings and Improvements				80,185
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				2,375
Gross Amounts at Which Carried at Close of Period
Land				11,912
Buildings and Improvements				82,560
Total	94,472			94,472
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	94,472
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	13,449
Willowbrook
Acquisition Cost
Encumbrances(a)				46,152
Land				19,055
Buildings and Improvements				129,295
Costs Capitalized Subsequent to Acquisition
Land				(14,819)
Buildings and Improvements				(78,954)
Gross Amounts at Which Carried at Close of Period
Land				4,236
Buildings and Improvements				50,341
Total	54,577			54,577
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	54,577
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	10,749
Woodbridge Center
Acquisition Cost
Encumbrances(a)				145,978
Land				32,776
Buildings and Improvements				184,253
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				34,002
Gross Amounts at Which Carried at Close of Period
Land				32,776
Buildings and Improvements				218,255
Total	251,031			251,031
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	251,031
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	34,383
Office, other and construction in progress (e)
Acquisition Cost
Encumbrances(a)				189,754
Land				43,880
Buildings and Improvements				177,194
Costs Capitalized Subsequent to Acquisition
Land				4,125
Buildings and Improvements				6,113
Gross Amounts at Which Carried at Close of Period
Land				48,005
Buildings and Improvements				183,307
Total	231,312			231,312
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	231,312
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	29,051
Willowbrook
Acquisition Cost
Encumbrances(a)				359,410
Land				110,660
Buildings and Improvements				419,822
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				24,665
Gross Amounts at Which Carried at Close of Period
Land				110,660
Buildings and Improvements				444,487
Total	555,147			555,147
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	555,147
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	73,655
Woodbridge Center
Acquisition Cost
Encumbrances(a)				249,408
Land				67,825
Buildings and Improvements				242,744
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				28,357
Gross Amounts at Which Carried at Close of Period
Land				67,825
Buildings and Improvements				271,101
Total	338,926			338,926
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	338,926
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	73,463
Office, other and construction in progress
Acquisition Cost
Encumbrances(a)				254,648
Land				100,106
Buildings and Improvements				361,250
Costs Capitalized Subsequent to Acquisition
Land				47,936
Buildings and Improvements				611,032
Gross Amounts at Which Carried at Close of Period
Land				148,044
Buildings and Improvements				972,281
Total	1,120,325			1,120,325
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	1,120,325
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at end of period	$ 83,112
Debt instrument cross collateralized | Secured debt
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Variable-rate debt				$ 1,400,000

SCHEDULE III - REAL ESTATE A100

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details 2)	12 Months Ended
	Dec. 31, 2016
Minimum | Equipment and fixtures | Riverchase Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Apache Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Augusta Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Baybrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Beachwood Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Bellis Fair
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Boise Towne Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Brass Mill Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Coastland Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Columbia Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Columbiana Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Coral Ridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Coronado Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Crossroads Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Cumberland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Deerbrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Eastridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Eastridge Mall San Jose CA [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Fashion Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Fashion Show
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Four Seasons Town Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Fox River Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Glenbrook Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Governor's Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Grand Teton Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Greenwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Hulen Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Jordan Creek Town Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Lakeside Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Lynnhaven Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Mall of Louisiana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Mall St. Matthews
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Market Place Shopping Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Mayfair Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Meadows Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Mondawmin Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Newgate Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | North Point Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | North Star Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Northridge Fashion Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | NorthTown Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Oak View Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Oakwood Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Oakwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Oglethorpe Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Oxmoor Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Paramus Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Park City Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Park Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Peachtree Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Pecanland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Pembroke Lakes Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Pioneer Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Prince Kuhio Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Providence Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Provo Towne Centre [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Quail Springs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Red Cliffs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Ridgedale Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | River Hills Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Rivertown Crossings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Rogue Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Sooner Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Spokane Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Staten Island Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Stonestown Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Crossroads
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Gallery at Harborplace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Maine Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Mall in Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Oaks Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Parks at Arlington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Shoppes at Buckland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Shops at Fallen Timbers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Shops at La Cantera
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Streets at SouthPoint
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | The Woodlands Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Town East Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Westroads Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Tysons Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Valley Plaza Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | White Marsh Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Office, other and construction in progress (e)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Equipment and fixtures | Office, other and construction in progress
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Buildings and improvements | Riverchase Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Apache Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Augusta Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Baybrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Beachwood Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Bellis Fair
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Boise Towne Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Brass Mill Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Coastland Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Columbia Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Columbiana Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Coral Ridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Coronado Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Crossroads Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Cumberland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Deerbrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Eastridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Eastridge Mall San Jose CA [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Fashion Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Fashion Show
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Four Seasons Town Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Fox River Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Glenbrook Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Governor's Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Grand Teton Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Greenwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Hulen Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Jordan Creek Town Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Lakeside Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Lynnhaven Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Mall of Louisiana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Mall St. Matthews
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Market Place Shopping Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Mayfair Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Meadows Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Mondawmin Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Newgate Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | North Point Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | North Star Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Northridge Fashion Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | NorthTown Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Oak View Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Oakwood Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Oakwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Oglethorpe Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Oxmoor Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Paramus Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Park City Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Park Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Peachtree Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Pecanland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Pembroke Lakes Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Pioneer Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Prince Kuhio Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Providence Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Provo Towne Centre [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Quail Springs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Red Cliffs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Ridgedale Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | River Hills Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Rivertown Crossings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Rogue Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Sooner Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Spokane Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Staten Island Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Stonestown Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Crossroads
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Gallery at Harborplace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Maine Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Mall in Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Oaks Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Parks at Arlington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Shoppes at Buckland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Shops at Fallen Timbers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Shops at La Cantera
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Streets at SouthPoint
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | The Woodlands Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Town East Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Westroads Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Tysons Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Valley Plaza Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | White Marsh Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Office, other and construction in progress (e)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Buildings and improvements | Office, other and construction in progress
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Maximum [Member] | Equipment and fixtures | Riverchase Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Apache Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Augusta Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Baybrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Beachwood Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Bellis Fair
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Boise Towne Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Brass Mill Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Coastland Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Columbia Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Columbiana Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Coral Ridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Coronado Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Crossroads Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Cumberland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Deerbrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Eastridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Eastridge Mall San Jose CA [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Fashion Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Fashion Show
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Four Seasons Town Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Fox River Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Glenbrook Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Governor's Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Grand Teton Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Greenwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Hulen Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Jordan Creek Town Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Lakeside Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Lynnhaven Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Mall of Louisiana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Mall St. Matthews
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Market Place Shopping Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Mayfair Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Meadows Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Mondawmin Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Newgate Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | North Point Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | North Star Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Northridge Fashion Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | NorthTown Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Oak View Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Oakwood Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Oakwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Oglethorpe Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Oxmoor Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Paramus Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Park City Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Park Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Peachtree Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Pecanland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Pembroke Lakes Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Pioneer Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Prince Kuhio Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Providence Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Provo Towne Centre [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Quail Springs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Red Cliffs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Ridgedale Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | River Hills Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Rivertown Crossings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Rogue Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Sooner Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Spokane Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Staten Island Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Stonestown Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Crossroads
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Gallery at Harborplace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Maine Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Mall in Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Oaks Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Parks at Arlington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Shoppes at Buckland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Shops at Fallen Timbers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Shops at La Cantera
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Streets at SouthPoint
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | The Woodlands Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Town East Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Westroads Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Tysons Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Valley Plaza Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | White Marsh Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Office, other and construction in progress (e)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Equipment and fixtures | Office, other and construction in progress
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum [Member] | Buildings and improvements | Riverchase Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Apache Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Augusta Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Baybrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Beachwood Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Bellis Fair
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Boise Towne Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Brass Mill Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Coastland Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Columbia Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Columbiana Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Coral Ridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Coronado Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Crossroads Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Cumberland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Deerbrook Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Eastridge Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Eastridge Mall San Jose CA [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Fashion Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Fashion Show
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Four Seasons Town Centre
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Fox River Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Glenbrook Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Governor's Square
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Grand Teton Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Greenwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Hulen Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Jordan Creek Town Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Lakeside Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Lynnhaven Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Mall of Louisiana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Mall St. Matthews
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Market Place Shopping Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Mayfair Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Meadows Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Mondawmin Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Newgate Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | North Point Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | North Star Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Northridge Fashion Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | NorthTown Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Oak View Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Oakwood Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Oakwood Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Oglethorpe Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Oxmoor Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Paramus Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Park City Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Park Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Peachtree Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Pecanland Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Pembroke Lakes Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Pioneer Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Prince Kuhio Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Providence Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Provo Towne Centre [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Quail Springs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Red Cliffs Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Ridgedale Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | River Hills Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Rivertown Crossings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Rogue Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Sooner Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Spokane Valley Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Staten Island Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Stonestown Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Crossroads
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Gallery at Harborplace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Maine Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Mall in Columbia
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Oaks Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Parks at Arlington
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Shoppes at Buckland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Shops at Fallen Timbers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Shops at La Cantera
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Streets at SouthPoint
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | The Woodlands Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Town East Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Westroads Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Tysons Galleria
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Valley Plaza Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | White Marsh Mall
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Office, other and construction in progress (e)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Willowbrook
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Woodbridge Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum [Member] | Buildings and improvements | Office, other and construction in progress
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years