Brookfield Property REIT (BPYU) 10-K 1 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Feb. 27, 2019	Jun. 30, 2018
Document and Entity Information
Entity Registrant Name	Brookfield Property REIT Inc.
Entity Central Index Key	1,496,048
Document Type	10-K
Document Period End Date	Dec. 31, 2018
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
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		103,279,492
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Investment in real estate:
Land	$ 2,706,701	$ 4,013,874
Buildings and equipment	10,774,079	16,957,720
Less accumulated depreciation	(2,214,603)	(3,188,481)
Construction in progress	576,695	473,118
Net property and equipment	11,842,872	18,256,231
Investment in Unconsolidated Real Estate Affiliates	5,385,582	3,377,112
Net investment in real estate	17,228,454	21,633,343
Cash and cash equivalents	247,019	164,604
Accounts receivable, net	222,562	334,081
Notes receivable	256,937	417,558
Deferred expenses, net	145,631	284,512
Prepaid expenses and other assets	313,648	494,795
Deferred tax assets, net	619,275	18,633
Total assets	19,033,526	23,347,526
Liabilities:
Mortgages, notes and loans payable	12,589,649	12,832,459
Investment in Unconsolidated Real Estate Affiliates	124,627	21,393
Accounts payable and accrued expenses	953,369	919,432
Dividend payable	4,668	219,508
Liabilities held for disposition	206,200	206,200
Total liabilities	13,878,513	14,198,992
Redeemable equity interests	2,305,895	0
Redeemable noncontrolling interests	73,696	248,126
Total redeemable interests	2,379,591	248,126
Commitments and Contingencies (Note 19)	0	0
Equity:
Common Stock	0	10,130
Preferred Stock: 500,000,000 shares authorized, $.01 par value, 10,000,000 shares issued and outstanding as of December 31, 2018 and December 31, 2017	242,042	242,042
Additional paid-in capital	5,772,824	11,845,532
Retained earnings (accumulated deficit)	(4,721,335)	(2,107,498)
Accumulated other comprehensive loss	(82,653)	(71,906)
Common stock in treasury, at cost, 55,969,390 shares as of December 31, 2017	0	(1,122,640)
Total stockholders' equity	1,221,826	8,795,660
Noncontrolling interests in Consolidated Real Estate Affiliates	26,652	55,379
Noncontrolling interests of the Operating Partnership	1,526,944	49,369
Total equity	2,775,422	8,900,408
Total liabilities, redeemable interests and equity	19,033,526	23,347,526
Class B Stock
Equity:
Common Stock	4,547	0
Class C Stock
Equity:
Common Stock	$ 6,401	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Common stock, shares authorized, shares	965,000,000	11,000,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued, shares	0	1,040,382,900
Common stock, shares outstanding, shares	0	956,982,536
Preferred Stock, shares authorized, shares	500,000,000	500,000,000
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares issued, shares	10,000,000	10,000,000
Preferred Stock, shares outstanding, shares	10,000,000	10,000,000
Common stock in treasury, shares	0	55,969,390
Class B Stock
Common stock, shares authorized, shares	4,942,500,000
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares issued, shares	454,744,938
Common stock, shares outstanding, shares	454,744,938
Class C Stock
Common stock, shares authorized, shares	1,000,000,000
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares issued, shares	640,051,301
Common stock, shares outstanding, shares	640,051,301

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Minimum rents	$ 1,297,945	$ 1,455,039	$ 1,449,704
Tenant recoveries	540,376	643,607	668,081
Overage rents	29,659	34,874	42,534
Management fees and other corporate revenues	125,776	105,144	95,814
Other	70,278	89,198	90,313
Total revenues	2,064,034	2,327,862	2,346,446
Expenses:
Real estate taxes	221,175	237,198	229,635
Property maintenance costs	41,637	49,784	55,027
Marketing	7,787	11,043	13,155
Other property operating costs	253,210	286,168	282,591
Provision for doubtful accounts	12,102	10,701	8,038
Provision for loan loss	0	0	29,615
Property management and other costs	172,554	145,251	138,602
General and administrative	46,441	56,133	55,745
Costs related to the BPY Transaction	202,523	0	0
Provision for impairment	45,866	0	73,039
Depreciation and amortization	633,063	693,327	660,746
Total expenses	1,636,358	1,489,605	1,546,193
Interest and dividend income	33,710	61,566	59,960
Interest expense	(576,700)	(541,945)	(571,200)
(Loss) gain on foreign currency	0	(819)	14,087
Gains from changes in control of investment properties and other, net	3,097,196	79,056	722,904
Gains on extinguishment of debt	13,983	55,112	0
Income before income taxes, equity in income of Unconsolidated Real Estate Affiliates and allocation to noncontrolling interests	2,995,865	491,227	1,026,004
Benefit from (provision for) income taxes	594,186	10,896	(901)
Equity in income of Unconsolidated Real Estate Affiliates	86,552	152,750	231,615
Unconsolidated Real Estate Affiliates - gain on investment, net	487,166	12,000	51,555
Net income	4,163,769	666,873	1,308,273
Allocation to noncontrolling interests	(73,228)	(9,539)	(19,906)
Net income attributable to Brookfield Property REIT Inc.	$ 4,090,541	$ 657,334	$ 1,288,367
Basic & Diluted Earnings Per Share (in dollars per share)	$ 0.63	$ 0	$ 0
Common Stock Earnings Per Share (Through August 27, 2018) (See Note 11)
Basic (in dollars per share)	4.16	0.72	1.44
Diluted (in dollars per share)	$ 4.15	$ 0.68	$ 1.34
Comprehensive Income, Net:
Net income	$ 4,163,769	$ 666,873	$ 1,308,273
Other comprehensive income (loss):
Foreign currency translation	(10,725)	(1,551)	14,319
Reclassification adjustment for realized gains on available-for-sale securities included in net income	0	0	(11,978)
Net unrealized gains on other financial instruments	16	12	5
Other comprehensive (loss) income	(10,709)	(1,539)	2,346
Comprehensive income	4,153,060	665,334	1,310,619
Comprehensive income allocated to noncontrolling interests	(73,267)	(9,450)	(19,904)
Comprehensive income attributable to Brookfield Property REIT Inc.	$ 4,079,793	$ 655,884	$ 1,290,715

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 Operating Partnership	Class B StockCommon Stock	Class C StockCommon Stock	Redeemable Class A StockCommon Stock
Balance at beginning 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	$ 0	$ 0	$ 0
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)
Acquisition/disposition of partner's noncontrolling interests in consolidated Real Estate Affiliates	21,386			18,416				2,970
Contributions received from noncontrolling interest in consolidated Real Estate Affiliates	13,943							13,943
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
Treasury stock purchases	(46,225)						(46,225)
Cash dividends reinvested (DRIP) in stock	674			889	(215)
Other comprehensive loss	14,242					14,242
Cash distributions declared	(936,779)				936,779
Amounts reclassified from Accumulated Other Comprehensive Income	(11,894)					(11,894)
Preferred stock dividend	(15,935)				15,935
Exercise of Warrants	0
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	0	0	0
Increase (Decrease) in Shareholders' Equity
Net income	660,176				657,334			2,842
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	(5,597)							(5,597)
Acquisition/disposition of partner's noncontrolling interests in consolidated Real Estate Affiliates	10,795							10,795
Long Term Incentive Plan Common Unit grants, net	15,827							15,827
Restricted stock grants, net of forfeitures	9,668	8		9,660
Employee stock purchase program	3,521	1		3,520
Stock option grants, net of forfeitures	23,025	8		23,017
Cancellation of repurchased common shares	0	(133)		(174,098)	(115,074)		289,305
Contributions received from noncontrolling interest in consolidated Real Estate Affiliates	15,258							15,258
Treasury stock purchases	(273,985)						(273,985)
Cash dividends reinvested (DRIP) in stock	745			1,019	(274)
Other comprehensive loss	(1,450)					(1,450)
Cash distributions declared	(805,682)				(805,682)
Preferred stock dividend	(15,936)				(15,936)
Exercise of Warrants	551,196	839		550,357
Fair value adjustment for noncontrolling interest in Operating Partnership	12,118			12,118
Balance at end of year at Dec. 31, 2017	8,900,408	10,130	242,042	11,845,532	(2,107,498)	(71,906)	(1,122,640)	104,748	0	0	0
Increase (Decrease) in Shareholders' Equity
Cumulative effect of accounting change	0			2,342	(3,000)			658
Net income	4,038,748				4,001,959			36,789			88,582
Distributions to noncontrolling interests in consolidated Real Estate Affiliates	(15,023)							(15,023)
Acquisition/disposition of partner's noncontrolling interests in consolidated Real Estate Affiliates	(21,621)			(3,808)				(25,429)
Contributions received from noncontrolling interest in consolidated Real Estate Affiliates	1,500,000
Long Term Incentive Plan Common Unit grants, net	17,858							17,858
Restricted stock grants, net of forfeitures	11,151	10		11,141							4,781
Employee stock purchase program	1,797			1,797
Stock option grants, net of forfeitures	4,975	3		4,972
OP Unit Conversion to Common Stock	87,190	41		87,149
Adjust Mezzanine Equity to Fair Value	40,294			40,294
Contributions received from noncontrolling interest in consolidated Real Estate Affiliates	894							894
Cash dividends reinvested (DRIP) in stock	0			245	(245)
Other comprehensive loss	10,747					(10,747)
Cash distributions declared	(421,446)				(421,446)
Preferred stock dividend	(15,936)				(15,936)
Exercise of Warrants	0
Special Pre-Closing Dividend	(9,188,882)				(9,152,446)			(36,436)
BPR Equity Recapitalization (See Note 1)	(3,409,482)	(10,184)		(7,428,697)	2,903,347		1,122,640	(662)	4,074	0	3,402,365
Cash Contribution from BPY	200,000			193,599						6,401
Class A Conversion to Class B	1,101,251			1,012,984	87,794				473		(1,101,251)
Adjust Class A Stock to Fair Value	0
Acquisition of Noncontrolling Interest by Institutional Investor	1,470,857							1,470,857
Class A Dividend	0										(88,582)
Balance at end of year at Dec. 31, 2018	2,775,422	$ 0	$ 242,042	$ 5,772,824	(4,721,335)	$ (82,653)	$ 0	1,553,596	$ 4,547	$ 6,401	$ 2,305,895
Increase (Decrease) in Shareholders' Equity
Cumulative effect of accounting change	$ (16,864)				$ (16,864)			$ 0

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
FV Long-Term Incentive Plan Common Unit Grants, shares		238,655	451,585	61,358
Restricted stock grants, forfeitures, shares		1,000,143	787,484	342,037
Employee stock purchase program, shares		80,522	147,475	126,825
Stock option grants, forfeitures, shares		288,715	690,969	2,886,986
OP unit conversion to common stock, shares	4,098,105	4,098,105		200,000
Canceled shares, shares		0	13,278,252	1,260,490
Treasury stock purchases, shares		0	12,650,991	1,887,751
Cash dividends reinvested (DRIP) in stock, shares		11,239	43,732	32,381
Cash distributions declared (in dollars per share)	$ 0	$ 0	$ 0.88	$ 1.06
Exercise of warrants, shares			83,866,187
Class B Stock
Shares converted, shares		47,390,895

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash Flows provided by Operating Activities:
Net income	$ 4,163,769	$ 666,873	$ 1,308,273
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in income of Unconsolidated Real Estate Affiliates	(86,552)	(152,750)	(231,615)
Distributions received from Unconsolidated Real Estate Affiliates	117,167	237,956	120,674
Provision for doubtful accounts	12,102	10,701	8,038
Depreciation and amortization	633,063	693,327	660,746
Amortization/write-off of deferred finance costs	19,294	11,880	11,876
Accretion/write-off of debt market rate adjustments	(1,585)	(4,346)	(5,184)
Amortization of intangibles other than in-place leases	16,061	28,309	41,154
Straight-line rent amortization	2,425	(2,084)	(11,867)
Deferred income taxes	(600,643)	(15,532)	15,353
Gain on dispositions, net	0	(5,356)	(37,526)
Unconsolidated Real Estate Affiliates—gain on investment, net	(487,166)	(12,000)	(51,555)
Gains from changes in control of investment properties and other, net	(3,097,196)	(79,056)	(722,904)
Loss (gain) on extinguishment of debt	(13,983)	(55,112)	5,403
Provisions for impairment	45,866	0	73,039
Provision for loan loss	0	0	29,615
(Gain) loss on foreign currency	0	819	(14,087)
Net changes:
Accounts and notes receivable, net	(40,790)	(6,103)	(37,489)
Prepaid expenses and other assets	(34,829)	(40,326)	(4,092)
Deferred expenses, net	(44,746)	(36,603)	(27,888)
Accounts payable and accrued expenses	(59,352)	13,777	(27,924)
Other, net	41,644	40,238	34,111
Net cash provided by operating activities	584,549	1,294,612	1,136,151
Cash Flows provided by (used in) Investing Activities:
Acquisition of real estate and property additions	(63,700)	(230,754)	(577,845)
Development of real estate and property improvements	(674,485)	(662,762)	(547,447)
Distributions received from Unconsolidated Real Estate Affiliates in excess of income	410,578	166,867	82,800
Loans to joint venture and joint venture partners	(12,393)	(121,262)	(59,769)
Proceeds from repayment of loans to joint venture and joint venture partners	204,867	50,964	13,042
Proceeds from sales of investment properties and Unconsolidated Real Estate Affiliates	3,050,301	62,007	1,699,466
Contributions to Unconsolidated Real Estate Affiliates	(218,038)	(120,356)	(135,906)
Sale (acquisition) of marketable securities	0	0	46,408
Other, net	0	0	662
Net cash provided by (used in) investing activities	2,697,130	(855,296)	521,411
Cash Flows used in Financing Activities:
Proceeds from refinancing/issuance of mortgages, notes and loans payable	7,031,647	1,595,000	908,479
Principal payments on mortgages, notes and loans payable	(1,774,657)	(1,579,655)	(1,743,216)
Deferred finance costs	(112,626)	(3,133)	(13,771)
Issuances of Class C Stock	200,000	0	0
Stock Issuance Costs	(6,524)	0	0
Treasury stock purchases	0	(273,985)	(34,021)
Proceeds from warrant exercises	0	551,196	0
Cash contributions from noncontrolling interests in consolidated real estate affiliates	1,471,750	15,258	0
Cash distributions paid to common stockholders	(9,873,248)	(1,020,018)	(680,712)
Cash distributions to noncontrolling interests in consolidated real estate affiliates	(15,023)	(5,597)	(24,445)
Cash distributions reinvested (DRIP) in common stock	357	1,020	889
Cash distributions paid to preferred stockholders	(19,920)	(15,936)	(15,935)
Cash distributions and redemptions paid to holders of common units	(107,050)	(18,372)	(5,545)
Other, net	(9,631)	15,959	44,163
Net cash used in financing activities	(3,214,925)	(738,263)	(1,564,114)
Effect on foreign exchange rates on cash and cash equivalents	0	(819)	0
Net change in cash, cash equivalents and restricted cash	66,754	(299,766)	93,448
Cash, cash equivalents and restricted cash at beginning of year	231,939	531,705	438,257
Cash, cash equivalents and restricted cash at end of year	$ 298,693	$ 231,939	$ 531,705

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Supplemental) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Supplemental Disclosure of Cash Flow Information:
Interest paid	$ 595,435	$ 548,833	$ 567,137
Interest capitalized	20,840	11,085	5,257
Income taxes paid	3,015	14,957	4,150
Accrued capital expenditures included in accounts payable and accrued expenses	$ 267,102	$ 219,317	$ 115,077

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION GGP Inc., ("GGP” now known as Brookfield Property REIT Inc. or “BPR" and referred to as the "Company"), a Delaware corporation, was organized in July 2010 and is an externally managed real estate investment trust, referred to as a "REIT". On March 26, 2018, GGP and Brookfield Property Partners L.P. ("BPY") entered into an agreement and plan of merger (as amended by the amendment thereto dated June 25, 2018, the "Merger Agreement") pursuant to which BPY would acquire all of the shares of GGP common stock, par value $0.01 per share, that BPY and its affiliates did not already own through a series of transactions (collectively, the "BPY Transaction"), including, among other things, the exchange of all shares of GGP common stock owned by certain affiliates of BPY and any subsidiary of GGP for a newly authorized series of preferred stock of GGP designated Series B Preferred Stock (the "Class B Exchange") and the payment of a special dividend payable to certain holders of record of GGP common stock pursuant to the terms of the Merger Agreement (the "Pre-Closing Dividend"). On July 26, 2018, GGP obtained the requisite stockholder approval for the BPY Transaction at a special meeting of GGP stockholders. Therefore, on July 27, 2018, GGP effected the Class B Exchange by exchanging shares of GGP common stock owned by certain affiliates of BPY and any subsidiary of GGP into Series B Preferred Stock. On August 27, 2018, pursuant to the Merger Agreement, the Pre-Closing Dividend and consideration was paid to all holders of record of GGP common stock (not including holders of GGP restricted stock, but including certain holders of GGP options who were deemed stockholders) on July 27, 2018 following the Class B Exchange. The Pre-Closing Dividend and consideration provided for the distribution of up to $23.50 in cash or a choice of either one BPY limited partnership unit ("BPY unit") or one share of newly authorized Class A Stock of BPR, par value $0.01 per share ("Class A Stock"), subject to proration in each case, based on an aggregate cash consideration amount of $9.25 billion . Pursuant to the Merger Agreement, on August 27, 2018, GGP’s certificate of incorporation was amended and restated (the "Charter Amendments") to, among other things, change the Company's name to Brookfield Property REIT Inc., authorize the issuance of Class A Stock, Class B-1 Stock, par value $0.01 per share ("Class B-1 Stock") and Class C Stock, par value $0.01 per share ("Class C Stock") and to provide the terms governing the Series B Preferred Stock and Class B-1 Stock (collectively, "Class B Stock"). In addition, the Company amended and restated its bylaws (the "Bylaws Amendments") and the agreement of limited partnership of GGP Operating Partnership, LP ("GGPOP"), a subsidiary of GGP that was renamed BPR OP, LP ("BPROP") (the "Amended BPR OP Partnership Agreement"). The Charter Amendments superseded the certificate of designations authorizing the Company's Series B Preferred stock, such that the Series B Preferred Stock remains outstanding but is referred to following the Charter Amendments as Class B Stock, having the rights, powers, preferences and other terms given to Class B Stock in the Charter Amendments. Each share of Class A Stock was structured to provide its holder with an economic return that is equivalent to that of a BPY unit, including rights to identical distributions. Subsequent to the BPY Transaction, Class A stockholders have the right to exchange all or a portion of their Class A Stock for cash at a price equal to the value of an equivalent number of BPY units, subject to adjustment in the event of certain dilutive or other capital events by BPY or BPR. BP US REIT LLC (formerly known as Brookfield Properties, Inc.) ("BPUS"), an affiliate of BPY, has the option, but not the obligation, to settle any exchange requests by exchanging each share of Class A Stock for one BPY unit. All dividends to holders of Class A Stock will be paid prior and in preference to any dividends or distributions on the Class B Stock, Class C Stock or the common stock of BPR and will be fully declared and paid before any dividends are declared and paid or any other distributions are made on any Class B Stock, Class C Stock or the common stock of BPR. The holders of Class A Stock shall not be entitled to any dividends from BPR other than the Class A dividend. Except as otherwise expressly provided in the Charter Amendments or as required by law, the holders of Class A Stock, Class B Stock and Class C Stock will vote together and not as separate classes. The holders of shares of each of Class B Stock and Class C Stock will be entitled to one vote for each share thereof held at the record date for the determination of stockholders entitled to vote on any matter. The holders of shares of Class A Stock will be entitled to one vote for each share thereof held at the record date for the determination of stockholders entitled to vote on any matter, except that holders of shares of Class A Stock will not be entitled to vote (i) on a liquidation or dissolution or conversion of the Class A Stock in connection with a market capitalization liquidation event (as described in the Charter Amendments), or (ii) to reduce the voting power of the Class B Stock or Class C Stock. BPR is an indirect subsidiary of BPY, one of the world's largest commercial real estate companies. Although the BPY Transaction resulted in a change of control of the Company, BPR remains a reporting entity. Accordingly, the Company accounted for the BPY Transaction as an equity recapitalization transaction. The BPY Transaction resulted in the consummation of a series of recapitalization and financing transactions (see Note 6) and joint venture asset sales (see Note 3). In these notes, the terms "we", "us" and "our" refer to BPR and its subsidiaries. BPR, through its subsidiaries and affiliates, is an owner and operator of retail properties. As of December 31, 2018 , we are the owner, either entirely or with joint venture partners, of 124 retail properties. Substantially all of our business is conducted through BPROP, which we sometimes refer to herein as the Operating Partnership and its subsidiaries. As of December 31, 2018 , BPR held approximately 99% of the common equity of BPROP, while the remaining 1% was held by limited partners and certain previous contributors of properties to BPROP. In addition to holding ownership interests in various joint ventures, the Operating Partnership generally conducts its operations through BPR REIT Services LLC. ("BPRRS"), Brookfield Properties Retail Inc. ("BPRI") and General Growth Management, Inc. ("GGMI"). Each of GGMI and BPRI is a taxable REIT subsidiary ("TRS"), which provides real estate management and leasing fees, development fees, financing fees for other ancillary services for a majority of our Unconsolidated Real Estate Affiliates (defined below) and for substantially all of our Consolidated Properties (defined below). BPRI also serves as a contractor to GGMI for these services. BPRRS 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, 2018
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 BPR, 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 BPROP and are presented either as redeemable noncontrolling interests or as noncontrolling interests in our permanent equity. The Operating Partnership and each of our consolidated joint ventures 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 Partnership and our consolidated joint ventures, 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. 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 property 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 property operations 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 or combined assets. When assessing segment operating performance, certain non-cash and non-comparable items such as straight-line rent, depreciation expense and intangible asset and liability amortization, are excluded from property operations, 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. 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 Reclassifications Certain prior period amounts included in prepaid expenses and other assets of $21.1 million and deferred tax liabilities of $2.4 million in the Consolidated Balance Sheets have been reclassified to deferred tax assets, net as of December 31, 2017 . Acquisitions of Operating Properties ( Note 3 ) Acquisitions of properties are typically accounted for as acquisitions of assets rather than acquisitions of a business. Accordingly, the results of operations of acquired properties have been included in the results of operations from the respective dates of acquisition and acquisition costs are capitalized. 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, 2018 Tenant leases: In-place value $ 188,140 $ (86,510 ) $ 101,630 As of December 31, 2017 Tenant leases: In-place value $ 347,232 $ (181,088 ) $ 166,144 The above-market tenant leases and below-market ground leases are included in prepaid expenses and other assets ( Note 15 ); the below-market tenant leases, above-market ground leases and above-market headquarters office lease are included in accounts payable and accrued expenses ( Note 16 ) in our Consolidated Balance Sheets. Amortization/accretion of all intangibles, including the intangibles in Note 15 and Note 16 , had the following effects on our income from continuing operations: Year Ended December 31, 2018 2017 2016 Amortization/accretion effect on continuing operations $ (48,655 ) $ (74,802 ) $ (86,979 ) Future amortization/accretion of all intangibles, including the intangibles in Note 15 and Note 16 is estimated to decrease results from continuing operations as follows: Year Amount 2019 $ 21,490 2020 15,116 2021 10,239 2022 9,413 2023 9,084 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 5 ) 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. Accounting guidance amended the following: (i) modified the evaluation of whether limited partnerships and similar legal entities are 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. 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 5 ), 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 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 the fair value of the consideration of 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 to our entire investment in the property, 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 5 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, 2018 2017 2016 Amortization of straight-line rent $ (2,425 ) $ 2,084 $ 11,867 Net amortization/accretion of above and below-market tenant leases (3,259 ) (23,963 ) (33,639 ) Lease termination income 31,297 29,081 16,021 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, 2018 December 31, 2017 Straight-line rent receivables, net $ 136,007 $ 231,290 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. Accounting for real estate sales distinguishes between sales to a customer or non-customer for purposes of revenue recognition. Once we, as the seller, determine that we have a contract, we will identify each distinct non-financial asset promised to the counter-party and whether the counter-party obtains control and transfers risks and rewards of ownership of each non-financial asset to determine if we should derecognize the asset. Notes receivable are evaluated for impairment at least quarterly. Impairment occurs when it is deemed probable that we will not be able to collect all amounts due according to the contractual terms of the loan. If a loan is considered to be impaired, we record an allowance through the provision for loan losses to reduce the carrying value of the loan to the present value of expected future cash flows discounted at the loan’s contractual effective rate or the fair value of the collateral, if repayment is expected solely from the collateral. 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 each period based upon our recovery experience and the specific facts of each outstanding amount. The following table summarizes the changes in allowance for doubtful accounts: 2018 2017 2016 Balance as of January 1, $ 19,457 $ 17,883 $ 14,654 Provision for doubtful accounts (1) 14,309 13,594 10,534 Write-offs (14,109 ) (12,020 ) (7,305 ) Balance as of December 31, $ 19,657 $ 19,457 $ 17,883 _______________________________________________________________________________ (1) Excludes recoveries of $2.2 million , $2.9 million and $2.4 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Management Fees and Other Corporate Revenues Management fees and other corporate revenues primarily represent real estate 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 5 . The following table summarizes the management fees from affiliates and our share of the management fee expense: Year Ended December 31, 2018 2017 2016 Management fees from affiliates (1) $ 125,555 $ 97,136 $ 82,742 Management fee expense (46,953 ) (38,166 ) (33,049 ) Net management fees from affiliates $ 78,602 $ 58,970 $ 49,693 _______________________________________________________________________________ (1) Excludes $8.0 million in corporate fees earned during the year ended December 31, 2017 and 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. Based upon the new revenue recognition guidance, we determined that typical management fees including property and asset management, construction and development management services, leasing services, property acquisition and disposition services and financing services, needed to be evaluated for each separate performance obligation included in the contract in order to determine timing of revenue recognition. Revenues from contracts within the scope of the new revenue recognition guidance were $122.7 million for the year ended December 31, 2018 . Management determined that property and asset management and construction and development management services each represent a series of stand-ready performance obligations satisfied over time with each day of service being a distinct performance obligation. For property and asset management services, we are compensated for our services through a monthly management fee earned based on a specified percentage of the monthly rental income or rental receipts generated from the property under management. For construction and development services, we are compensated for planning, administering and monitoring the design and construction of projects at our joint venture properties typically based on a percentage of project costs, hourly rate of development staff or a fixed fee. Revenues from such contracts were $104.8 million for the year ended December 31, 2018 and are recognized over the life of the applicable contract. Conversely, leasing services, property acquisition and disposition services and financing services are each considered to be a single performance obligation, satisfied as of a point in time. Our fee is paid upon the occurrence of certain contractual event(s) that may be contingent and pattern of revenue recognition may differ from the timing of payment. For these services, the obligation is the execution of the lease, closing of the sale or acquisition, or closing of the financing or refinancing. As such, revenues are recognized at the point in time when the respective obligation has been satisfied. Revenues from such contracts were $17.8 million for the year ended December 31, 2018 . Following the BPY Transaction, certain Brookfield Asset Management Inc. ("BAM:)-owned entities provide certain management and administration services to BPR. BPR will pay an annual base management fee to BAM equal to 1.25% of the total capitalization of BPR, subject to certain adjustments. For the first twelve months following closing of the BPY Transaction, BAM has agreed to waive management fees payable by BPR. There were no amounts due pursuant to these services for the year ended December 31, 2018. Following the BPY Transaction, an affiliate of BAM is entitled to receive incentive distributions based on an amount by which quarterly distributions exceed specified target levels. There were no such amounts payable for the year ended December 31, 2018. Income Taxes ( Note 7 ) We expect to distribute 100% of our taxable capital gains and taxable ordinary income to stockholders 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 stockholders 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. 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 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, changes in 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. During the year ended December 31, 2018 , we recorded a $45.9 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income related to one operating property that had non-recourse debt maturing during 2019 that exceeded the fair value of the operating property. The property was conveyed to the lender in full satisfaction of the debt on November 1, 2018. No provisions for impairment were recognized during the year ended December 31, 2017 . During the year ended December 31, 2016 , we recorded an $73.0 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. This 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. 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. 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. No impairments related to our investments in Unconsolidated Real Estate Affiliates were recognized for the years ended December 31, 2018 , 2017 and 2016 . 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 impairmen

ACQUISITIONS, SALES AND JOINT V

ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY	ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY On December 14, 2018, we completed the sale of a 49% joint venture interest in Fashion Place for an initial basis in the partnership of $179.9 million , which resulted in a gain of $294.5 million recognized in gain from changes in control of investment properties and other, net for the year ended December 31, 2018. On November 1, 2018, we conveyed Oak View Mall to the lender in full satisfaction of $74.7 million in outstanding debt. This transaction resulted in a $12.4 million gain on extinguishment of debt for the year ended December 31, 2018. On August 27, 2018, the BPR-FF JV LLC joint venture was formed with Brookfield Real Estate Partners F LP. The Company contributed properties and recognized gains (losses) as summarized in the table below ($ in millions): Property Prior Ownership Current Ownership Total Asset Value Other Costs (1) Debt Balance Book Value of Investment Gains from changes in control of investment properties and other, net Unconsolidated Real Estate Affiliates - gain on investment, net Apache Mall 100% 51% $ 143.0 $ (2.0 ) $ 73.5 $ 56.9 $ 10.6 $ — Augusta Mall 100% 51% 251.8 1.0 170.0 (34.1 ) 116.9 — Boise Towne Square 100% 51% 354.5 1.0 142.0 41.6 171.9 — Columbiana Centre 100% 51% 268.8 (2.0 ) 137.3 1.0 128.5 — Coronado Center 100% 51% 359.2 (0.1 ) 182.8 54.3 122.0 — Glenbrook Square 100% 51% 166.8 0.4 160.0 0.5 6.7 — Governor's Square 100% 51% 105.7 0.3 66.9 39.8 (0.7 ) — Lynnhaven Mall 100% 51% 383.7 0.5 235.0 40.9 108.3 — Market Place Shopping Center 100% 51% 153.1 2.4 113.4 20.0 22.1 — Mizner Park 50% 26% 235.2 — — 39.1 — 18.5 Northridge Fashion Center 100% 51% 584.7 (2.3 ) 221.1 79.0 282.3 — Oglethorpe Mall 100% 51% 203.1 0.4 149.8 8.5 45.2 — Park Place 100% 51% 269.6 0.6 176.8 84.6 8.8 — Pembroke Lakes Mall 100% 51% 471.1 0.8 260.0 40.1 171.8 — Riverchase Galleria 100% 51% 260.9 6.2 164.2 110.0 (7.1 ) — The Crossroads 100% 51% 108.8 1.9 92.0 15.2 3.5 — The Gallery at Harborplace 100% 51% 122.3 0.8 74.1 37.8 11.2 — The Maine Mall 100% 51% 339.7 1.3 235.0 4.8 101.2 — The Oaks Mall 100% 51% 160.2 0.4 125.1 36.0 (0.5 ) — Tucson Mall 100% 51% 260.1 0.5 246.0 25.7 (11.1 ) — Westroads Mall 100% 51% 287.4 0.4 141.3 68.8 77.7 — White Marsh Mall 100% 51% 233.5 0.3 190.0 16.1 27.7 — Woodbridge Center 100% 51% 247.6 5.9 245.1 10.7 (2.3 ) — $ 5,970.8 $ 18.7 $ 3,601.4 $ 797.3 $ 1,394.7 $ 18.5 (1) Includes working capital, closing costs, liabilities, and financing costs. On August 27, 2018, joint ventures were formed with the Teachers Insurance and Annuity Association of America. The Company contributed properties and recognized gains (losses) as summarized in the table below ($ in millions): Property Prior Ownership Current Ownership Total Asset Value Other Costs (1) Debt Balance Book Value of Investment Gains from changes in control of investment properties and other, net Unconsolidated Real Estate Affiliates - gain on investment, net Baybrook Lifestyle 53% 29% $ 292.5 $ (0.1 ) $ 140.0 $ 17.9 $ — $ 18.4 Baybrook Mall 100% 51% 683.7 (0.4 ) 240.3 74.3 368.7 — The Mall in Columbia 100% 50% 838.9 (10.1 ) 332.3 256.6 239.9 — The Shops at La Cantera 75% 38% 847.5 (0.4 ) 350.0 38.6 334.8 — $ 2,662.6 $ (11.0 ) $ 1,062.6 $ 387.4 $ 943.4 $ 18.4 (1) Includes working capital, closing costs, liabilities,and financing costs. On August 27, 2018, joint ventures were formed with CBRE Global Investment Partners. The Company contributed properties and recognized gains (losses) as summarized in the table below ($ in millions): Property Prior Ownership Current Ownership Total Asset Value Other Costs (1) Debt Balance Book Value of Investment Gains from changes in control of investment properties and other, net Unconsolidated Real Estate Affiliates - gain on investment, net Cumberland Mall 100% 51% $ 400.0 $ (7.2 ) $ 160.0 $ 7.7 $ 225.1 $ — Parks at Arlington 100% 51% 530.0 — 239.8 40.7 249.5 — Ridgedale Center 100% 51% 300.0 — 167.0 153.6 (20.6 ) — $ 1,230.0 $ (7.2 ) $ 566.8 $ 202.0 $ 454.0 $ — (1) Includes working capital, closing costs, liabilities, and financing costs. On August 27, 2018, joint ventures were formed with the California Public Employees' Retirement System. The Company contributed properties and recognized gains (losses) as summarized in the table below ($ in millions): Property Prior Ownership Current Ownership Total Asset Value Other Costs (1) Debt Balance Book Value of Investment Gains from changes in control of investment properties and other, net Unconsolidated Real Estate Affiliates - gain on investment, net Ala Moana Center 63% 50% $ 5,045.9 $ — $ 1,900.0 $ 112.3 $ — $ 280.9 Christiana Mall 50% 25% 1,036.9 3.0 550.0 (34.7 ) — 159.4 $ 6,082.8 $ 3.0 $ 2,450.0 $ 77.6 $ — $ 440.3 (1) Includes working capital, closing costs, liabilities, and financing costs. On August 27, 2018, a new joint venture, BPY Retail Holdings LLC, was formed with an institutional investor who contributed approximately $1.5 billion . As a result of this investment, the institutional investor owns a 9.75% noncontrolling interest in all retail assets of the Company, as all retail assets are wholly or partially owned by the Operating Partnership. On August 3, 2018, we completed the sale of an anchor box at The Oaks Mall for a gross sales price of $5.0 million , which resulted in a loss of $13.8 million recognized in gains from changes in control of investment properties and other for the year ended December 31, 2018. On July 13, 2018, we completed the sale of the commercial office unit at 685 Fifth Avenue for a gross sales price of $135.0 million . In conjunction with the sale, we paid down a $100.0 million loan and recognized a gain of $11.4 million in gains from changes in control of investment properties and other, net for the year ended December 31, 2018. On January 29, 2018, we completed the sale of a 49.49% joint venture interest in the Sears Box at Oakbrook Center to our joint venture partner for a sales price of $44.7 million , which resulted in a gain of $12.7 million recognized in gains from changes in control of investment properties and other, net for the year ended December 31, 2018. On September 15, 2016, joint ventures we formed with Simon Property Group and Authentic Brands Group LLC ("ABG") acquired Aeropostale, Inc. ("Aeropostale") for $80.0 million in total cash which included cash for working capital requirements of the retail business. The intellectual property and brand related assets were assigned to the Aero IpCo, LLC venture ("IPCO") and the assets and liabilities necessary to run the stores were assigned to the Aero OpCo, LLC venture ("OPCO"). 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 properties for which we receive rental income included in minimum rents on the Consolidated Statements of Operations and Comprehensive Income. On December 29, 2017, we sold approximately 54% of our interest in IPCO to ABG for a sales price of $16.6 million , which 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 for the year ended December 31, 2017. On March 30, 2018, ABG exercised their call right to purchase the remaining 46% of our original interest in IPCO for a sales price of $13.9 million , which resulted in a gain of $10.4 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, 2018. In addition, we invested $30.5 million in ABG units. The investment is considered a cost method investment and is included in investment in Unconsolidated Real Estate Affiliates on the Consolidated Balance Sheets. On December 15, 2017, we closed on the sale of The Shops at Fallen Timbers in Maumee, Ohio for $21.0 million . The transaction resulted in a loss on sale of $0.3 million recognized in gains from changes in control of investment properties and other for the year ended December 31, 2017. On October 3, 2017, we acquired a 100% interest in two anchor boxes at Neshaminy Mall and Oakwood Center located in Bensalem, Pennsylvania and Gretna, Louisiana, respectively. The gross consideration of the two acquired anchor boxes was $21.4 million . On September 19, 2017, we entered into three transactions with affiliates of Thor Equities ("Thor") related to three separate joint ventures with Thor. First, we acquired 49.9% of its partner's interest in 218 West 57th Street based on a gross property valuation of $104.0 million . After the acquisition, we owned a 99.9% interest in 218 West 57th Street, while Thor retained a 0.1% interest. A portion of the net proceeds from the acquisition were used by Thor to pay off their $12.3 million note receivable to the Company related to the property. Of the remaining net proceeds, $9.75 million was used to pay down a portion of their note receivable for 530 Fifth Avenue and $3.36 million was used to pay down a portion of their note receivable to the Company for 685 Fifth Avenue. Second, we recapitalized the 530 Fifth Avenue joint venture based on a gross property valuation of $334 million , whereby (i) Thor’s common interest having a value of $48.1 million was converted to a preferred equity interest with a 7.0% cumulative return in 530 Fifth Avenue, which serves as collateral for Thor's still-outstanding note receivable, and (ii) we owned a 90.23% common equity interest in 530 Fifth Avenue, while Thor retained a 9.77% common equity interest. The preferred return payable to Thor must first go toward interest and principal due to the Company under Thor’s note receivable for 530 Fifth Avenue. Finally, we agreed to recapitalize the 685 Fifth Avenue joint venture based on a gross property valuation of $652.6 million , whereby upon closing (i) Thor’s common interest having a value of $150 million was converted to a preferred equity interest with a 7.0% cumulative return in 685 Fifth Avenue, which serves as collateral for Thor's still-outstanding note receivable, and (ii) we own a 97.03% common equity interest in 685 Fifth Avenue, while Thor retains a 2.97% common equity interest. The preferred return payable to Thor must first go toward interest and principal due to the Company under Thor’s note receivable for 685 Fifth Avenue. The recapitalization was effective on December 31, 2017. We had previously accounted for our interest in these three joint ventures using the equity method of accounting ( Note 2 ). As a result of the transactions described above, we now consolidate these joint ventures with our joint venture partners' share of equity included in noncontrolling interest ( Note 2 ). In addition, the $48.1 million and $151.3 million notes receivable due from our joint venture partner at 530 Fifth Avenue and 685 Fifth Avenue, respectively, are presented on the balance sheet in noncontrolling interests in consolidated real estate affiliates. The notes receivable and our joint venture partners' share of equity effectively net within the noncontrolling interest. The table below summarizes the gain from changes in control calculation ($ in millions): Gain from changes in control for 218 West 57th Street, 530 Fifth Avenue and 685 Fifth Avenue Net implied fair value of previous investment and consideration $ 250.0 Less: carrying value of Investment in Unconsolidated Real Estate Affiliates 198.1 Gain from changes in control of investment properties and other, net $ 51.9 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 ($ in millions): Allocation of Thor Equities Purchase Price 218 W. 57th Street 530 Fifth Avenue 685 Fifth Avenue Investment in real estate, including intangible assets and liabilities $ 104.0 $ 334.0 $ 652.6 Fair value of debt (1) (53.0 ) (221.0 ) (340.0 ) Net working capital (2) 0.1 14.3 1.7 Net assets acquired $ 51.1 $ 127.3 $ 314.3 _______________________________________________________________________________ (1) 530 Fifth Avenue includes $31.0 million of an intercompany loan between 530 Fifth Avenue and the Company. 218 W. 57th Street includes $53.0 million of an intercompany loan between 218 W. 57th Street and the Company. Both loans eliminate in consolidation. (2) 530 Fifth Avenue includes a $9.4 million escrow. Capitalization rates and discount rates were based on a reasonable range of current market rates for 218 West 57th Street, 530 Fifth Avenue and 685 Fifth Avenue. Based upon these inputs, we determined that our valuations of the properties using a discounted cash flow or a direct capitalization model were classified within Level 3 of the fair value hierarchy ( Note 2 ). Unobservable Quantitative Input Range Discount Rates 6.0% to 7.0% Terminal capitalization rates 4.0% to 5.5% On July 12, 2017, we closed on the acquisition of the remaining 50% interest in eight of the 12 anchor boxes included in the existing GS Portfolio Holdings LLC ("GSPH") joint venture with Seritage Growth Properties ("Seritage") for $190.1 million based on a total valuation of $380.2 million . We had previously owned a 50% interest in the joint venture and accounted for the joint venture using the equity method of accounting ( Note 2 ), but as a result of the transaction we now consolidate our 100% interest in the eight acquired anchor boxes. Of the total purchase price, $126.4 million was settled upon closing and Seritage retained certain special rights (governed by a Special Rights Agreement), which were callable by the Company for $63.7 million and were paid in full as of December 31, 2018. Simultaneously, the four remaining anchor boxes in GSPH were distributed to a newly formed joint venture, GS Portfolio Holdings II, LLC ("GSPHII"), between the Company and Seritage in which the ownership interest remains at 50% for both joint venture partners. We account for GSPHII using the equity method of accounting ( Note 2 ). In addition, BPROP provided a loan to GSPHII for $127.4 million . This loan is collateralized by GSPHII's interest in the properties ( Note 14 ). Finally, we acquired a 50% interest in five anchor boxes through a newly formed joint venture, GS Portfolio Holdings 2017 ("GSPH2017"), for $57.5 million . We account for this joint venture using the equity method of accounting ( Note 2 ). The table below summarizes the gain from changes in control calculation ($ in millions): Gain from a Change of Control in GSPH Consideration paid to acquire our joint venture partner's interest $ 190.1 Less: carrying value of Investment in Unconsolidated Real Estate Affiliates 147.2 Gain from changes in control of investment properties and other, net $ 42.9 On June 30, 2017, we conveyed Lakeside Mall to the lender in full satisfaction of $144.5 million in outstanding debt. This transaction resulted in a $55.1 million gain on extinguishment of debt for the year ended December 31, 2017. On June 9, 2017, we closed on the acquisition of our joint venture partner's 50% interest in Neshaminy Mall located in Bensalem, Pennsylvania for a gross purchase price of $65.0 million . Post acquisition, we own 100% of the mall. Prior to the acquisition of the remaining interest, the carrying value for our investment was $55.2 million . As a result of this acquisition, the implied fair value of our previous investment in Neshaminy Mall is $34.2 million , resulting in a loss of $21.0 million , recognized in loss from changes in control of investment properties and other for the year ended December 31, 2017. On May 12, 2017, we closed on the sale of Red Cliffs Mall in St. George, Utah for $39.1 million . The transaction netted proceeds of approximately $36.3 million and resulted in a gain on sale of $5.6 million recognized in gain from changes in control of investment properties and other for the year ended December 31, 2017. 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 VIE 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 consolidated 605 N. Michigan Avenue as of December 31, 2016. The reverse 1031 exchange was closed out during the year ended December 31, 2017, and the sole membership interests of the VIE were assigned to us and the respective outstanding loan was extinguished, resulting in the entity being wholly owned by us and no long considered a VIE. The purchase price allocation was recorded in 2016 using a preliminary estimate of the net assets acquired. Certain amounts were reclassified according to the subsequent purchase price allocation recorded during 2017. 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 $110.3 million share of property level debt. Concurrently, the 50% interest was acquired by our joint venture through certain capital contributions. Our overall ownership in Riverchase Galleria was 75.5% as of December 31, 2016 and 86.3% as of December 31, 2017. The table below summarizes the loss calculation ($ in millions): Loss from a Change of Control in Riverchase Galleria Cash paid to acquire our joint venture partner's interest $ 33.8 Less: carrying value of 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. ($ 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 BPR 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 August 1, 2016, we closed on the sale of Rogue Valley Mall located in Medford, Oregon for a sales price of $61.5 million . This 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: carrying value 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 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. 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 May 25, 2017, we received a 10% interest in 522 Fifth Avenue in full satisfaction of the remaining $9.0 million due. 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.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2018
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 during the year ended December 31, 2018. No impairment charges were recognized during the year ended December 31, 2017. 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, 2018 Investments in real estate (1) $ 62,490 $ — $ — $ 62,490 $ 45,866 _______________________________________________________________________________ (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 9.75% to 11.00% Terminal capitalization rates 9.50% to 10.25% 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, 2018 and 2017 . December 31, 2018 December 31, 2017 Carrying Amount (1) Estimated Fair Value Carrying Amount (2) Estimated Fair Value Fixed-rate debt $ 6,073,193 $ 6,048,104 $ 10,420,252 $ 10,467,262 Variable-rate debt 6,516,456 6,614,172 2,412,207 2,415,457 $ 12,589,649 $ 12,662,276 $ 12,832,459 $ 12,882,719 _______________________________________________________________________________ (1) Includes net $7.7 million of market rate adjustments and $123.8 million of deferred financing costs. (2) Includes net $23.5 million of market rate adjustments and $30.3 million of deferred financing costs. The fair value of our junior subordinated notes approximates their carrying amount as of December 31, 2018 and 2017 . 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 LIBOR , U.S. treasury obligation interest rates and on the discounted estimated future cash payments to be made on such debt. The discount rates estimated reflect our judgment as to what the approximate current lending rates for loans or groups of loans with similar maturities and assume that the debt is outstanding through maturity. We have utilized market information as available or present value techniques to estimate the amounts required to be disclosed. Since such amounts are estimates that are based on limited available market information for similar transactions and do not acknowledge transfer or other repayment restrictions that may exist in specific loans, it is unlikely that the estimated fair value of any such debt could be realized by immediate settlement of the obligation.

UNCONSOLIDATED REAL ESTATE AFFI

UNCONSOLIDATED REAL ESTATE AFFILIATES	12 Months Ended
	Dec. 31, 2018
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. The reconciliation to our total investment in Unconsolidated Real Estate Affiliates is inclusive of investments accounted for using the cost method ( Note 2 ). December 31, 2018 December 31, 2017 Condensed Combined Balance Sheets—Unconsolidated Real Estate Affiliates (1) Assets: Land $ 3,595,706 $ 2,908,181 Buildings and equipment 23,468,110 14,014,665 Less accumulated depreciation (4,361,210 ) (3,794,792 ) Construction in progress 489,250 545,305 Net property and equipment 23,191,856 13,673,359 Investments in unconsolidated joint ventures 632,060 613,136 Net investment in real estate 23,823,916 14,286,495 Cash and cash equivalents 540,905 438,664 Accounts receivable, net 348,655 386,634 Notes receivable 22,881 15,058 Deferred expenses, net 511,814 339,327 Prepaid expenses and other assets 796,815 381,980 Total assets $ 26,044,986 $ 15,848,158 Liabilities and Owners' Equity: Mortgages, notes and loans payable $ 16,139,498 $ 10,504,799 Accounts payable, accrued expenses and other liabilities 1,118,663 1,115,549 Cumulative effect of foreign currency translation ("CFCT") (21,384 ) (38,013 ) Owners' equity, excluding CFCT 8,808,209 4,265,823 Total liabilities and owners' equity $ 26,044,986 $ 15,848,158 Investment in Unconsolidated Real Estate Affiliates, Net: Owners' equity $ 8,786,824 $ 4,227,810 Less: joint venture partners' equity (4,796,896 ) (2,413,822 ) Plus: excess investment/basis differences 1,220,632 1,547,462 Investment in Unconsolidated Real Estate Affiliates, net (equity method) 5,210,560 3,361,450 Investment in Unconsolidated Real Estate Affiliates, net (cost method) 30,483 30,483 Elimination of consolidated real estate investment interest through joint venture — (52,305 ) Retail investment, net 19,912 16,091 Investment in Unconsolidated Real Estate Affiliates, net $ 5,260,955 $ 3,355,719 Reconciliation—Investment in Unconsolidated Real Estate Affiliates: Asset—Investment in Unconsolidated Real Estate Affiliates $ 5,385,582 $ 3,377,112 Liability—Investment in Unconsolidated Real Estate Affiliates (124,627 ) (21,393 ) Investment in Unconsolidated Real Estate Affiliates, net $ 5,260,955 $ 3,355,719 _______________________________________________________________________________ (1) The Condensed Combined Balance Sheets - Unconsolidated Real Estate Affiliates include the joint ventures formed in conjunction with the BPY Transaction subsequent to August 27, 2018 and Fashion Place subsequent to December 14, 2018 ( Note 3 ). Year Ended Year Ended Year Ended Condensed Combined Statements of Income—Unconsolidated Real Estate Affiliates (1) Revenues: Minimum rents $ 1,402,237 $ 1,186,646 $ 1,106,691 Tenant recoveries 568,355 489,307 473,357 Overage rents 49,274 36,377 39,298 Condominium sales 110,792 328,237 520,360 Other 84,049 70,497 52,511 Total revenues 2,214,707 2,111,064 2,192,217 Expenses: Real estate taxes 182,514 140,944 124,355 Property maintenance costs 36,361 41,550 41,132 Marketing 24,282 21,338 22,368 Other property operating costs 270,071 230,930 214,071 Condominium cost of sales 79,927 239,528 379,401 Provision for doubtful accounts 9,128 6,416 13,665 Property management and other costs (2) 103,475 84,446 71,499 General and administrative 3,026 2,101 3,198 Depreciation and amortization 725,316 505,387 466,715 Total expenses 1,434,100 1,272,640 1,336,404 Interest income 7,401 11,054 9,505 Interest expense (550,939 ) (465,242 ) (318,628 ) Provision for income taxes (1,842 ) (1,312 ) (1,278 ) Equity in loss of unconsolidated joint ventures (33,621 ) (23,553 ) (45,057 ) Income from continuing operations 201,606 359,371 500,355 Allocation to noncontrolling interests (78 ) (103 ) (128 ) Net income attributable to the ventures $ 201,528 $ 359,268 $ 500,227 Equity In Income of Unconsolidated Real Estate Affiliates: Net income attributable to the ventures $ 201,528 $ 359,268 $ 500,227 Joint venture partners' share of income (97,758 ) (162,469 ) (235,544 ) Elimination of loss from consolidated real estate investment with interest owned through joint venture 679 860 1,266 Gain (loss) on retail investment 12,374 (3,874 ) 4,264 Amortization of capital or basis differences (30,271 ) (41,035 ) (38,598 ) Equity in income of Unconsolidated Real Estate Affiliates $ 86,552 $ 152,750 $ 231,615 _______________________________________________________________________________ (1) The Condensed Combined Statements of Income - Unconsolidated Real Estate Affiliates include income from Miami Design District subsequent to June 1, 2017, income from the joint ventures formed in conjunction with the BPY Transaction subsequent to August 27, 2018 and Fashion Place subsequent to December 14, 2018 ( Note 3 ). (2) Includes management fees charged to the unconsolidated joint ventures by BPRRS and BPRI. The Unconsolidated Real Estate Affiliates represent our investments in real estate joint ventures that are not consolidated. We hold interests in 28 domestic joint ventures, comprising 67 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 June 1, 2017, we received an additional 7.3% of our joint venture partner's membership interests in Miami Design District in full satisfaction of two promissory notes for $57.6 million and $40.4 million , respectively, resulting in a total ownership of 22.3% . We determined that we had significant influence over the investment subsequent to the acquisition of the additional interest, and therefore we changed our method of accounting for this joint venture from the cost method to the equity method ( Note 2 ). On July 12, 2017, we closed on the acquisition of the remaining 50% interest in eight anchor boxes included in the GSPH joint venture with Seritage. We had previously owned a 50% interest in the joint venture and accounted for the joint venture using the equity method of accounting, but as a result of the transaction we now consolidate our 100% interest in the eight acquired anchor boxes. Simultaneously, we distributed the four remaining anchor boxes in GSPH to a newly formed joint venture, GSPHII, between the Company and Seritage in which the ownership interest remains at 50% for both joint venture partners, and we continue to account for this joint venture using the equity method of accounting. Finally, we acquired a 50% interest in five anchor boxes through a newly formed joint venture, GSPH2017, which we account for using the equity method of accounting. On September 19, 2017, we entered into three transactions with affiliates of Thor related to joint ventures between the Company and Thor at 218 West 57th Street, 530 Fifth Avenue and 685 Fifth Avenue. As a result of these transactions, we changed our method of accounting for these three joint ventures from the equity method of accounting. We now consolidate the joint ventures with our joint venture partner's share of equity included in noncontrolling interest ( Note 3 ). Condominium Sales and Condominium Cost of Sales On March 7, 2014, we formed a joint venture, AMX Partners, LLC, with Kahikolu Partners, LLC, for the purpose of constructing a luxury residential condominium tower (the Park Lane condominium project) on a site located within the Ala Moana Shopping Center. Under the previous revenue recognition guidance, the percentage of completion method was used to account for the sales revenue of the Park Lane condominium project. Upon adoption of the new revenue recognition standard ( Note 2 ), risks and rewards of ownership and control over the condominium unit transfers upon the closing of the sale to the customer, and as such, the joint venture will recognize revenue for the condominium unit upon closing. 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 $7.6 billion as of December 31, 2018 and $5.1 billion as of December 31, 2017 , 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 $83.3 million at one property as of December 31, 2018 , and $85.2 million as of December 31, 2017 . 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 interest in or our distributions from such Unconsolidated Real Estate Affiliates could be reduced to the extent of such deficiencies. As of December 31, 2018 , 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, 2018
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, 2018 (1) Weighted-Average Interest Rate (2) December 31, 2017 (3) Weighted-Average Interest Rate (2) Fixed-rate debt: Collateralized mortgages, notes and loans payable $ 6,073,193 4.38 % $ 10,420,252 4.41 % Total fixed-rate debt 6,073,193 4.38 % 10,420,252 4.41 % Variable-rate debt: Collateralized mortgages, notes and loans payable (4) 1,702,142 4.22 % 2,418,628 3.39 % Unsecured corporate debt (5) 4,814,314 4.86 % (6,421 ) — Total variable-rate debt 6,516,456 4.69 % 2,412,207 3.39 % Total Mortgages, notes and loans payable $ 12,589,649 4.54 % $ 12,832,459 4.22 % Junior Subordinated Notes $ 206,200 3.97 % $ 206,200 2.83 % _______________________________________________________________________________ (1) Includes net $7.7 million of market rate adjustments and $123.8 million of deferred financing costs. (2) Represents the weighted-average interest rates on our principal balances, excluding the effects of market rate adjustments and deferred financing costs. (3) Includes net $23.5 million of market rate adjustments and $30.3 million of deferred financing costs. (4) $1.4 billion of the variable-rate balance is cross-collateralized. (5) Includes deferred financing costs, which are shown as a reduction to the debt balance. See table below for the balance excluding deferred financing costs. Collateralized Mortgages, Notes and Loans Payable As of December 31, 2018 , $11.9 billion of land, buildings and equipment (before accumulated depreciation) and construction in progress have been pledged as collateral for our consolidated mortgages, notes and loans payable. Certain of these consolidated secured loans, representing $1.4 billion of debt, are cross-collateralized. Although a majority of the $7.8 billion of consolidated fixed and variable rate collateralized mortgages, notes and loans payable are non-recourse, $689.4 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 BPR. 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, 2018 , we refinanced a consolidated mortgage note at 685 Fifth Avenue. The prior $340.0 million variable-rate consolidated mortgage note matured on July 1, 2018 and had an interest rate of LIBOR plus 2.75% . In connection with the refinancing, $100.0 million remained related to the commercial office unit and a new $275.0 million fixed-rate consolidated mortgage note with a term-to-maturity of 10.0 years and an interest rate of 4.53% was obtained on the retail unit. The $100.0 million was paid down in full in conjunction with the sale of the commercial office unit on July 13, 2018. In addition, we obtained a new fixed-rate subordinate loan at The Woodlands Mall for $62.4 million with an interest rate of 4.05% and obtained a new fixed-rate loan at 605 North Michigan Avenue for $80.0 million with an interest rate of 4.76% . We also refinanced mortgage notes totaling $117.0 million at two properties. The prior loans totaling $152.3 million had a weighted-average interest rate of 4.42% . The new loans have a weighted-average term-to-maturity of 4.3 years and a weighted-average interest rate of 5.24% . We released Columbiana Centre from the $1.4 billion term loan, substituting Columbia Mall and Quail Springs Mall and conveyed Oak View Mall to the lender in full satisfaction of $74.7 million in outstanding debt. The Oak View transaction resulted in a $12.4 million gain on extinguishment of debt for the year ended December 31, 2018. During the year ended December 31, 2017 , we paid down a $73.4 million consolidated mortgage note at Four Seasons Town Centre. The prior loan had a term-to-maturity of 0.2 years and an interest rate of 5.6% . Four Seasons Town Centre subsequently replaced a property that was sold during the year ended December 31, 2017 as collateral in our $1.4 billion loan secured by cross-collateralized mortgages on 15 properties. In addition, we obtained a new consolidated mortgage note at Mall of Louisiana for $325.0 million with an interest rate of 3.98% . Also, as a result of the three transactions at 218 West 57th Street, 530 Fifth Avenue and 685 Fifth Avenue ( Note 3 ), we now consolidate a total of $450.0 million consolidated mortgage notes with interest rates of LIBOR plus 2.75% and LIBOR plus 3.25% . Finally, we refinanced a $190.0 million consolidated mortgage note with a $110.0 million consolidated mortgage note at 530 Fifth Avenue. Both notes had an interest rate of LIBOR plus 3.25% . We manage our exposure to interest rate fluctuations related to this debt using interest rate cap agreements. However, our efforts to manage risks associated with interest rate volatility may not be successful. Our $1.4 billion loan is secured by cross-collateralized mortgages on 15 properties. The interest rate is LIBOR plus 1.75% and the recourse is 50% . The loan matures on April 25, 2019, with two one year extension options. Corporate and Other Unsecured Loans We have certain unsecured debt obligations, the terms of which are described below: December 31, 2018 (1) Weighted-Average Interest Rate December 31, 2017 (2) Weighted-Average Interest Rate Unsecured debt: Unsecured corporate debt 4,923,740 4.86 % — — Total unsecured debt $ 4,923,740 4.86 % $ — — (1) Excludes deferred financing costs of $109.4 million in 2018 that decrease the total amount that appears outstanding in our Consolidated Balance Sheets. (2) Excludes deferred financing costs of $6.4 million in 2017 that decrease the total amount that appears outstanding in our Consolidated Balance Sheets. The Company entered into a new credit agreement (the "Agreement") dated as of August 24, 2018 consisting of a revolving credit facility (the "Facility"), Term A-1 and A-2 loans, and a Term B loan. The Facility provides for revolving loans of up to $1.5 billion and borrowings bear interest at a rate equal to LIBOR plus 225 basis points. The Facility is scheduled to mature in August 2022 and had outstanding borrowings of $387.0 million as of December 31, 2018 . The Term A-1 Loan has a total commitment of $900.0 million , with $700.0 million attributable to BPR and $200.0 million attributable to an affiliate, and is scheduled to mature in August 2021 bearing interest at a rate equal to LIBOR plus 225 basis points. The Term A-2 Loan has a total commitment of $2.0 billion and is scheduled to mature in August 2023 bearing interest at a rate equal to LIBOR plus 225 basis points. The Term B Loan has a total commitment of $2.0 billion and is scheduled to mature in August 2025 bearing interest at a rate equal to LIBOR plus 250 basis points. The Term A-1, A-2, and B Loans are contractually obligated to be prepaid through net proceeds from property level refinances and asset sales as outlined in the Agreement. The Agreement 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 and fixed charge coverage ratio. As of December 31, 2018 , we are not aware of any instances of non-compliance with such covenants. Junior Subordinated Notes GGP Capital Trust I, a Delaware statutory trust (the "Trust") 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 BPROP. 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 BPROP 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, 2018 and December 31, 2017 . Letters of Credit and Surety Bonds We had outstanding letters of credit and surety bonds of $42.4 million as of December 31, 2018 and $51.3 million as of December 31, 2017 . 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, 2018 .

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. 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 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, 2015 through 2018 and are statutorily open to audit by state taxing authorities for the years ended December 31, 2014 through 2018 . In conjunction with the BPY Transaction, certain of BPR’s subsidiaries contributed in a taxable manner a portion of their interests in specific assets to a newly formed corporate subsidiary of BPRI. This taxable contribution caused an increase in the tax basis of the contributed assets to fair market value and generated a related taxable gain to the Company, which has been distributed to shareholders. The increase in tax basis in the assets created a book to tax basis temporary difference of approximately $2.6 billion and a related deferred tax asset of $638.5 million within the newly formed subsidiary of BPRI. We determined that this deferred tax asset was properly recorded through our income statement and that no valuation allowance is necessary on the deferred tax assets as of December 31, 2018 primarily due to our ability to recognize the benefit of the increased tax basis through operations or sale of properties. The provision for (benefit from) income taxes for the years ended December 31, 2018 , 2017 , and 2016 are as follows: December 31, 2018 December 31, 2017 December 31, 2016 Current $ 6,499 $ 8,658 $ 804 Deferred (600,685 ) (19,554 ) 97 Total $ (594,186 ) $ (10,896 ) $ 901 Realization of a deferred tax benefit is dependent upon generating sufficient taxable income in future periods. The Company has $78.7 million of federal and state loss carryforwards, the majority of which are currently scheduled to expire in subsequent years through 2037. Federal operating losses of $7.4 million generated during 2018 and later will be carried forward indefinitely until utilized. 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, 2018 December 31, 2017 December 31, 2016 Total deferred tax assets $ 630,215 $ 29,801 $ 22,090 Valuation allowance (8,857 ) (8,740 ) (15,147 ) Net deferred tax assets 621,358 21,061 6,943 Total deferred tax liabilities (2,083 ) (2,428 ) (3,843 ) Net deferred tax assets $ 619,275 $ 18,633 $ 3,100 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, 2018 , December 31, 2017 and December 31, 2016 are summarized as follows: December 31, 2018 December 31, 2017 (1) December 31, 2016 Operating loss and other carryforwards (2) $ 63,604 $ 47,577 $ 42,496 Other TRS property, primarily differences in basis of assets and liabilities 564,528 (20,204 ) (24,249 ) Valuation allowance (8,857 ) (8,740 ) (15,147 ) Net deferred tax assets $ 619,275 $ 18,633 $ 3,100 _______________________________________________________________________________ (1) Due to the changes in the Tax Cuts and Jobs Act, the deferred tax assets and liabilities including the valuation allowances were revalued as of December 31, 2017 using the new corporate tax rate. (2) Includes solar and other tax credits of $43.5 million , $33.6 million and $20.6 million as of December 31, 2018 , December 31, 2017 and December 31, 2016 , respectively. We have no unrecognized tax benefits recorded pursuant to uncertain tax positions as of December 31, 2018 and December 31, 2017 .

WARRANTS

WARRANTS	12 Months Ended
	Dec. 31, 2018
Warrants [Abstract]
WARRANTS	WARRANTS As of December 31, 2016, Brookfield and certain parties who were previously members of a Brookfield investor consortium owned 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, had a term of seven years and expired on November 9, 2017. Below is a summary of Warrants that were originally issued. 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 were 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 adjusted both the exercise price and the number of shares issuable for the originally issued 73,930,000 Warrants. During 2017 , 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 13, 2017 94,170,214 8.44 8.24 July 13, 2017 95,057,357 8.36 8.17 October 13, 2017 17,942,385 8.27 8.08 The warrant holders had the option for 57,500,000 Warrants to either full share settle (i.e. deliver cash for the exercise price of the Warrants) or net share settle at the option of the holder. The remaining 16,430,000 Warrants had to be net share settled. As of December 31, 2017, no Warrants remained outstanding. During 2017, 83,866,187 shares of the Company's common stock were issued for exercised Warrants. As of December 31, 2017, no Warrants remained outstanding. Refer to the following paragraphs for details pertaining to each transaction. On October 6, 2017, Brookfield exercised Warrants to purchase shares of our common stock, par value $0.01 per share, using a combination of the net share settlement method and the full physical settlement method. On October 6, 2017, the Warrants exercised by Brookfield were settled in accordance with the terms of the Warrant agreement. 55,296,573 shares of common stock were issued to Brookfield for an aggregate of $462.4 million in cash and 13,523,695 shares of common stock were issued to Brookfield under net share settlement at a price of $21.21 per share. On October 25, 2017, Abu Dhabi Investment Authority ("ADIA") exercised 5,549,327 warrants to purchase common stock, par value $0.01 per share, using the net share settlement method. On October 30, 2017, the Warrants exercised by ADIA were settled in accordance with the terms of the Warrant Agreement and 4,314,330 shares of common stock were issued to ADIA. The Company withheld 2,896,465 shares of common stock, valued at the closing price for the common stock on October 25, 2017 of $20.60 , to satisfy the aggregate exercise price. On November 2, 2017, The Northern Trust Company exercised 8,258,881 Warrants to purchase common stock, par value $0.01 per share, using the full share settlement method. On November 7, 2017, the Warrants exercised were settled in accordance with the terms of the Warrant Agreement and 10,731,589 shares of common stock were issued for an aggregate of $88.8 million in cash.

RENTALS UNDER OPERATING LEASES

RENTALS UNDER OPERATING LEASES	12 Months Ended
	Dec. 31, 2018
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, 2018 are as follows: Year Amount 2019 $ 764,196 2020 696,381 2021 621,582 2022 543,232 2023 464,453 Subsequent 1,442,312 $ 4,532,156 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, 2018
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 BPROP Common, Preferred, and LTIP 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, 2018 2017 2016 Distributions to preferred BPROP units ("Preferred Units") $ (4,636 ) $ (1,867 ) $ (8,680 ) Net income allocation to noncontrolling interests in BPROP from continuing operations ("Common Units") (31,803 ) (4,830 ) (7,051 ) Net income allocation to noncontrolling interests in BPROP from continuing operations ("LTIP units") (8,159 ) (1,502 ) (2,920 ) Net income allocated to noncontrolling interest in consolidated real estate affiliates (915 ) (1,340 ) (1,255 ) Net income allocated to noncontrolling interests of the Operating Partnership (1) (27,715 ) — — Allocation to noncontrolling interests (73,228 ) (9,539 ) (19,906 ) Other comprehensive (income) loss allocated to noncontrolling interests (39 ) 89 2 Comprehensive income allocated to noncontrolling interests $ (73,267 ) $ (9,450 ) $ (19,904 ) _______________________________________________________________________________ (1) Represents the noncontrolling interest of our institutional investor ( Note 3 ). Noncontrolling Interests The noncontrolling interest related to the Common, Preferred, and LTIP Units of BPROP are presented either as redeemable noncontrolling interests in mezzanine equity or as noncontrolling interests in our permanent equity on our Consolidated Balance Sheets. Classification as redeemable or permanent equity is considered on a tranche-by-tranche basis and is dependent on whether we could be required, under certain events outside of our control, to redeem the securities for cash by the holders of the securities, Those tranches for which we could be required to redeem the security for cash are included in redeemable equity. If we control the decision to redeem the securities for cash, the securities are classified as permanent equity. The redeemable Common and Preferred Units of BPROP 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 redemption value (i.e. 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 (loss) attributable to BPR. The preferred redeemable noncontrolling interests have been recorded at carrying value. Generally, each Series K Preferred Unit of BPROP entitles its holder to distributions and a liquidation preference identical to those established for each share of BPR’s Class A Stock, and each Series L Preferred Unit of BPROP entitles its holder to distributions and a liquidation preference identical to those established for each share of BPR’s Class B Stock. Each LTIP Unit of BPROP is convertible into, and, except for the level of preference, entitles its holder to regular and liquidating distributions equivalent to that of, 0.016256057 Series K Preferred Units, subject to adjustment. Each Series K unit received by an LTIP holder in connection with the BPY Transaction is redeemable for a cash amount equal to the average closing price of BPR’s Class A Stock for the five consecutive trading days ending on the date of the notice of redemption, provided that BPR may elect to satisfy such redemption by delivering one share of BPR’s Class A Stock. If the holders had requested redemption of the Class A stock and Preferred Units as of December 31, 2018 , the aggregate amount of cash the company would have paid would have been $1.77 billion and $68.6 million , respectively. Holders of Series B Preferred Units, Series D Preferred Units, Series E Preferred Units and Series G Preferred Units of BPROP are each entitled to periodic distributions at the rates set forth in the Fifth Amended and Restated Agreement of Limited Partnership of BPROP. Holders of Common Units of BPROP are entitled to distributions of all or a portion of BPROP’s remaining net operating cash flow, when and as declared by BPROP’s general partner. However, the Fifth Amended and Restated Agreement of Limited Partnership of BPROP permits distributions solely to BPR if such distributions were required to allow the Company to comply with the REIT distribution requirements or to avoid the imposition of excise tax. The Series D Preferred Units of BPROP are convertible based on a conversion ratio of 1.50821 , which is the quotient of the Series D Preferred Unit’s $50 liquidation preference and $33.151875 conversion price. Upon conversion, each Series D Preferred Unit entitles its holder to (i) $21.9097 in cash, (ii) a number of Series K Preferred Units of BPROP equal to (x) 0.40682134 Series K Preferred Units (which is subject to adjustment), multiplied by (y) the Series D conversion ratio; and (iii) a number of Common Units of BPROP equal to (x) one Common Unit (which is subject to adjustment), multiplied by (y) the Series D conversion ratio. The Series E Preferred Units of BPROP are convertible based on a conversion ratio of 1.29836 , which is the quotient of the Series E Preferred Unit’s $50 liquidation preference and $38.51 conversion price. Upon conversion, each Series E Preferred Unit entitles its holder to (i) $18.8613 in cash, (ii) a number of Series K Preferred Units of BPROP equal to (x) 0.40682134 Series K Preferred Units (which is subject to adjustment), multiplied by (y) the Series E conversion ratio; and (iii) a number of Common Units of BPROP equal to (x) one Common Unit (which is subject to adjustment), multiplied by (y) the Series E conversion ratio. As of December 31, 2018 , there were 532,749.6574 Series D Preferred Units of BPROP outstanding and 502,657.8128 Series E Preferred Units of BPROP outstanding. Also, as of December 31, 2018 , there were 9,717.658 Series B Preferred Units of BPROP outstanding. As of July 10, 2017, the Series B Preferred Unit conversion option expired, and each Series B Preferred Unit now has a fixed cash redemption value of $50 per unit. As of December 31, 2018 , there were 4,176,972.006 Common Units of BPROP outstanding that had been issued upon conversion of Series B Preferred Units and 1,044,082.000 Series K Preferred Units of BPROP outstanding that were distributed with respect to such Common Units, which are both subject to certain redemption rights. Only the holders of the Series K Preferred Units of BPROP issued upon conversion of Series D Preferred Units or Series E Preferred Units of BPROP have the right to redeem such Series K Preferred Units for a cash amount equal to the average closing price of BPR’s Class A Stock for the five consecutive trading days ending on the date of the notice of redemption, provided that BPR may elect to satisfy such redemption by delivering one share of BPR’s Class A Stock. The holder of each Common Unit of BPROP issued upon conversion of Series D Preferred Units or Series E Preferred Units of BPROP has the right to redeem such Common Unit for a cash amount equal to $0.324405869 , subject to adjustment. Except as otherwise noted, the Common, Preferred, and LTIP Units of BPROP are not convertible or redeemable at the election of either the holder or BPROP. The following table reflects the activity of the redeemable noncontrolling interests for the years ended December 31, 2018 , 2017 , and 2016 . 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 (2 ) Other comprehensive income (3,205 ) Fair value adjustment for redeemable noncontrolling interests in Operating Partnership (21,175 ) Balance at December 31, 2016 $ 262,727 Balance at January 1, 2017 262,727 Net income 4,830 Distributions (6,573 ) Redemption of operating partnership units (651 ) Preferred Unit Redemption to Common Stock — Other comprehensive income (89 ) Fair value adjustment for redeemable noncontrolling interests in Operating Partnership (12,118 ) Balance at December 31, 2017 $ 248,126 Balance at January 1, 2018 $ 248,126 Net income 31,803 Distributions (3,685 ) Adjustment of Mezzanine Equity to fair value (40,294 ) Common Unit Redemption to Common Stock (85,818 ) Other comprehensive income 39 Reclassification of Mezzanine Equity to Permanent Equity (37,841 ) Pre-Closing Dividend (60,673 ) BPR Equity Recapitalization 21,923 LTIP Conversion to Series K 116 Balance at December 31, 2018 $ 73,696 Class A Stock Class A Stock refers to the Company's Class A Stock, par value $0.01 per share, authorized and issued to unaffiliated GGP common stockholders as part of the BPY Transaction. Each share of Class A Stock is entitled to cumulative dividends per share in a cash amount equal in value to the amount of any distribution made on a BPY unit. In addition, each share of Class A Stock is exchangeable for one BPY unit or its cash equivalent (the form of payment to be determined by BPUS, in its sole discretion). Such exchange and distribution rights are subject to adjustment in the event of certain dilutive or other capital events by BPY or BPR. If and to the extent declared by the Company's board of directors, the record and payment dates for the dividends or other distributions upon the shares of Class A Stock, to the extent not prohibited by applicable law, is expected to be the same as the record and payment dates for the dividends or other distributions upon the BPY units. Pursuant to the terms of the Company's charter, all such dividends to holders of Class A Stock will be paid prior and in preference to any dividends or distributions on the Class B Stock, Class C Stock or the Common Stock and will be fully declared and paid before any dividends are declared and paid or any other distributions are made on any Class B Stock, Class C Stock or the Common Stock. The holders of Class A Stock shall not be entitled to any dividends from BPR other than the Class A dividend. Upon any liquidation, dissolution or winding up of the Company that is not a Market Capitalization Liquidation Event (as defined below) or substantially concurrent with the liquidation, dissolution or winding up of BPY, the holders of Class A Stock are entitled to a cash amount, for each share of Class A Stock, equal to the market price of one BPY unit (subject to adjustment in the event of certain dilutive or other capital events by BPY or BPR) on the date immediately preceding announcement of such liquidation, dissolution or winding up, plus all declared and unpaid dividends. If, upon any such liquidation, dissolution or winding up, the assets of BPR are insufficient to make such payment in full, then the assets of BPR will be distributed among the holders of Class A Stock ratably in proportion to the full amounts to which they would otherwise be respectively entitled to receive. If the market capitalization of the Class A Stock (i.e., if the price per share of Class A Stock, multiplied by the number of shares of Class A Stock outstanding) averages, over any period of 30 consecutive trading days, less than one (1) billion dollars, the Company's Board of Directors will have the right to liquidate BPR’s assets and wind up BPR’s operations (a "Market Capitalization Liquidation Event"). Upon any Market Capitalization Liquidation Event, the holders of Class A Stock shall be entitled to a cash amount, for each share of Class A Stock, equal to the dollar volume-weighted average price of one BPY unit over the ten (10) trading days immediately following the public announcement of such Market Capitalization Liquidation Event, plus all declared and unpaid dividends. If, upon any such market capitalization liquidation event, the assets of BPR are insufficient to make such payment in full, then the assets of BPR will be distributed among the holders of Class A Stock ratably in proportion to the full amounts which they would otherwise be respectively entitled to receive. Notwithstanding the foregoing, upon any market capitalization liquidation event, BPY may elect to exchange all of the outstanding shares of the Class A Stock for BPY units on a one-for-one basis, subject to adjustment in the event of certain dilutive or other capital events by BPY or BPR. Holders of Class A Stock have the right to exchange all or a portion of their Class A Stock for cash at a price equal to the value of an equivalent number of BPY units, subject to adjustment in the event of certain dilutive or other capital events by BPY or BPR. Upon receipt of a request for exchange, BPR will deliver a notice of exchange to BPY within one (1) business day and will have ten (10) business days to deliver the cash amount to the tendering holder. Upon receipt of the notice of exchange, BPY may elect to satisfy BPR’s exchange obligation by exchanging all of the shares of the Class A Stock tendered for BPY units on a one-for-one basis. This initial one-for-one conversion factor is subject to adjustment in the event of certain dilutive or other capital events by BPY or BPR. If so elected, BPY will have to satisfy such obligation within ten (10) business days from the date of the notice of exchange. If BPY exercises its right to assume the exchange obligation, units of BPY units will be delivered in exchange for the Class A Stock and such Class A Stock will automatically be converted into Class B Stock. As there are certain events outside of the Company’s control whereby it could be required to redeem the Class A Stock for cash by the holders of the securities, the Class A Stock is included in redeemable equity. Accordingly, the Class A Stock are recorded at the greater of the carrying amount or their redemption value (i.e. 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 the Company’s Consolidated Balance Sheets. Class B Stock The following description of Class B Stock sets forth certain general terms and provisions of Class B Stock. Each share of Class B-1 Stock shall have terms (including the same powers, preferences and relative, participating, optional and other special rights, and qualifications, limitations and restrictions) identical to the terms of a share of Class B Stock. References herein to Class B Stock shall be deemed to be a reference to Class B Stock and Class B-1 Stock, as applicable. Pursuant to the Charter Amendments and subject to the prior rights of holders of all classes, including the Class A Stock, and any series of preferred stock at the time outstanding having prior rights as to dividends, each share of Class B Stock entitles its holder to cumulative dividends per share in a cash amount at a rate of 10% per year of the Class B liquidation amount per share, with such Class B liquidation amount per share equal to the last closing price of a share of GGP common stock on the New York Stock Exchange on the trading day immediately preceding the date the series B designations was filed with the Secretary of State of the State of Delaware. Dividends on the Class B Stock may also be paid by an in-kind distribution of additional shares of Class B Stock or any other class of shares of capital stock of BPR ranking junior to the Class A Stock. Dividends on the Class B Stock shall be cumulative and shall be payable quarterly in arrears, when, as and if declared by the Company's Board of Directors with respect to dividends on the Class B Stock. Holders of the Class B Stock are not entitled to receive dividends, redemptions or other distributions: (i) unless and until (a) BPR has paid the aggregate dividends owed to the holders of Class A Stock and (b) the dividend coverage ratio (as defined below) is equal to or greater than 1.25:1, (ii) if any tendering holder of Class A Stock has not received the cash or BPY units due upon exchange or (iii) if holders of Class A Stock are owed cash in the event of an adjustment to the conversion factor. The dividend coverage ratio is referred to as a ratio of (i) BPR’s funds from operations, as calculated in accordance with the definition of funds from operations used by Nareit, for the immediately preceding fiscal quarter, to (ii) the product of (a) the amount of the most recent regular quarterly distribution declared by BPY on each BPY unit, times (b) the number of shares of Class A Stock outstanding at such time. Class C Stock Class C Stock refers to the Company's Class C Stock, par value $0.01 per share, authorized as part of the BPY Transaction. Pursuant to the amended charter and subject to the prior rights of holders of all classes, including the holders of Class A Stock and Class B Stock, and any series of preferred stock at the time outstanding having prior rights as to dividends, each share of Class C Stock entitles its holder to dividends when, as and if declared by the Company's Board of Directors out of any assets of BPR legally available therefore. The record and payment date for dividends on shares of Class C Stock shall be such date that the Company's Board of Directors shall designate. Notwithstanding the foregoing, holders of the Class C Stock are not entitled to receive dividends, redemptions or other distributions: (i) unless and until (a) BPR has paid the aggregate dividends owed to the holders of Class A Stock and (b) the dividend coverage ratio is equal to or greater than 1.25:1, (ii) if any tendering holder of Class A Stock has not received the cash or BPY units due upon exchange, (iii) if holders of Class A Stock are owed cash in the event of an adjustment to the conversion factor or (iv) unless and until the full cumulative dividends on the Class B Stock for all past dividend periods and any current dividend periods have been (or contemporaneously are) (a) declared or paid in cash or (b) declared and a sum sufficient for the payment thereof in cash is set apart for such payment. Class A Stock Dividend Our Board of Directors declared Class A Stock dividends during 2018 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2018 November 1 November 30, 2018 December 31, 2018 $ 0.315 August 28 August 31, 2018 September 28, 2018 0.315 Common Stock Dividend Our Board of Directors declared common stock dividends during 2018 and 2017 as follows: Declaration Date (1) Record Date Payment Date Dividend Per Share 2018 May 3 July 13, 2018 July 31, 2018 $ 0.22 February 7 April 13, 2018 April 30, 2018 0.22 2017 October 31 December 15, 2017 January 5, 2018 $ 0.22 August 2 October 13, 2017 October 31, 2017 0.22 May 1 July 13, 2017 July 28, 2017 0.22 January 30 April 13, 2017 April 28, 2017 0.22 (1) Excludes the Pre-Closing Dividend ( Note 1 ). Distributions paid on our common stock and their tax status, as sent to our stockholders, is presented in the following table. The tax status of the Company's distributions in 2018 , 2017 , and 2016 may not be indicative of future periods. Year Ended December 31, 2018 2017 2016 Class A Stock (August 28, 2018 through December 31, 2018) Ordinary income $ 0.118 $ — $ — Capital gain distributions 0.512 — — Distributions per share $ 0.630 $ — $ — Common Stock (Through August 27, 2018) Ordinary income $ 3.742 $ 0.861 $ 0.685 Capital gain distributions 16.234 — 0.300 Distributions per share $ 19.976 $ 0.861 $ 0.985 Our Dividend Reinvestment Plan ("DRIP") provided 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. Pursuant to the DRIP, eligible stockholders who enrolled in the DRIP on or before the four th business day preceding the record date for a dividend payment were able to have that dividend reinvested. As a result of the DRIP elections, no shares were issued during the year ended December 31, 2018 and 43,732 shares were issued during the year ended December 31, 2017 . The Company terminated the registration statement relating to our DRIP (File No. 333-172795) with the filing of a post-effective amendment on August 28, 2018. Preferred Stock On February 13, 2013, we issued, in a public offering, 10,000,000 shares of 6.375% Series A Cumulative Redeemable Preferred Stock (the "Pre-Merger Preferred Stock") at a price of $25.00 per share, resulting in net proceeds of $242.0 million after issuance costs. In connection with the BPY Transaction, each share of Pre-Merger Preferred Stock was converted into one share of 6.375% Series A cumulative redeemable preferred stock of BPR (the "Series A Preferred Stock"). The Series A 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 Class A Stock, and reduces net income available to common stockholders, and therefore, earnings per share. Preferred stock dividends were $15.9 million for the years ended December 31, 2018 , December 31, 2017 and December 31, 2016 . The Series A Preferred Stock does not have a stated maturity date but we may redeem the Series A Preferred Stock for $25.00 per share plus all accrued and unpaid dividends. Upon certain circumstances surrounding a change of control, holders of Series A Preferred Stock may elect to convert each share of their Series A Preferred Stock into a number of shares of Class A Stock or Class B Stock, at the option of the holder, equivalent to $25.00 plus accrued and unpaid dividends, but not to exceed a cap of 2.4679 shares of Class A Stock or Class C Stock (subject to certain adjustments related to splits, subdivisions, or combinations). The BPY Transaction did not meet the definition of a change in control per the certificate of designation governing the Series A Preferred Stock. Our Board of Directors declared preferred stock dividends during 2018 and 2017 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2018 November 1 December 14, 2018 January 1, 2019 $ 0.3984 July 31 September 17, 2018 October 1, 2018 0.3984 May 3 June 15, 2018 July 2, 2018 0.3984 February 7 March 15, 2018 April 2, 2018 0.3984 2017 October 31 December 15, 2017 January 2, 2018 $ 0.3984 August 2 September 15, 2017 October 2, 2017 0.3984 May 1 June 15, 2017 July 3, 2017 0.3984 January 30 March 15, 2017 April 3, 2017 0.3984

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Class A Stock (August 28, 2018 through December 31, 2018) Income available to Class A stockholders is limited to distributed income or dividends declared. Additionally, for purposes of allocating earnings to Class A Stock, the portion of the change in the carrying amount of Class A Stock that reflects a redemption in excess of fair value is considered a dividend to the Class A stockholders. As the Class A Stock redemption value approximates its fair value, basic and diluted earnings per share ("EPS") for Class A Stock is equivalent to the dividends declared for the period August 28, 2018 through December 31, 2018 . Shares of Class A Stock outstanding were 162,323,967 and 109,804,513 as of August 28, 2018 and December 31, 2018 , respectively. EPS is not presented for Class B Stock and Class C Stock as neither class of stock is publicly traded. Common Stock Basic EPS for common stock is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS for common stock 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. The dilutive effect of the Preferred Units is computed using the "if-converted" method. Information related to our EPS calculations is summarized as follows: January 1, 2018 through August 27, 2018 Numerators - Basic: Net income $ 3,860,424 Preferred Stock dividends (11,952 ) Allocation to noncontrolling interests (43,049 ) Net income attributable to common stockholders $ 3,805,423 Numerators - Diluted: Distributions to Preferred Units 1,711 Net income attributable to common stockholders $ 3,807,134 Denominators: Weighted-average number of common shares outstanding - basic 914,066 Effect of dilutive securities 3,831 Weighted-average number of common shares outstanding - diluted 917,897 Anti-dilutive Securities: Effect of Common Units 7,662 Effect of LTIP Units 1,748 Weighted-average number of anti-dilutive securities 9,410 Year Ended December 31, 2017 2016 Numerators—Basic: Net income $ 666,873 $ 1,308,273 Preferred Stock dividend (15,936 ) (15,935 ) Allocation to noncontrolling interests (9,539 ) (19,906 ) Net income attributable to common stockholders $ 641,398 $ 1,272,432 Numerators—Diluted: Net income attributable to common stockholders $ 641,398 $ 1,272,432 Diluted net income attributable to common stockholders $ 641,398 $ 1,272,432 Denominators: Weighted-average number of common shares outstanding—basic 897,156 884,029 Effect of dilutive securities 50,403 68,304 Weighted-average number of common shares outstanding—diluted 947,559 952,333 Anti-dilutive Securities: Effect of Preferred Units 1,514 5,209 Effect of Common Units 6,592 4,782 Effect of LTIP Units 1,836 1,767 9,942 11,758 For the period January 1, 2018 through August 27, 2018, dilutive options and dilutive shares related to the Preferred Units are included in the denominator of dilutive EPS. Distributions to Preferred Units are included in the numerator of dilutive EPS. For the years ended December 31, 2017 and 2016 , dilutive options and dilutive shares related to the warrants are included in the denominator of diluted EPS. Outstanding Common Units and LTIP Units have been excluded from the diluted earnings per share calculation because including such units would also require that the share of BPROP income attributable to such units be added back to net income therefore resulting in no effect on EPS. For the years ended December 31, 2017 and 2016 , 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. During the year ended December 31, 2017, warrants were exercised for 83,866,187 shares of common stock using both full and net share settlement. BPY owned 55,969,390 shares of treasury stock of GGP as of December 31, 2017 . These shares are presented as common stock in treasury, at cost, on our Consolidated Balance Sheet. Additionally, BPR Nimbus LLC, (formerly known as GGP Nimbus, LP), held 27,459,195 shares of stock as a result of warrants purchased during the year ended December 31, 2013. These shares are presented as issued, but not outstanding on our Consolidated Balance Sheet as of December 31, 2017 . Accordingly, these shares have been excluded from the calculation of EPS.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2018
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") renamed as the Amended and Restated Brookfield Property REIT Inc. 2010 Equity Incentive Plan on August 28, 2018 in connection with the BPY Transaction, reserves for the issuance of 4% of outstanding Class A Stock 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"). The Company's directors, officers and other employees and those of its subsidiaries and affiliates are eligible for the 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 BPR's Class A 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. In connection with the BPY Transaction, the Company's Equity Plan was amended and certain outstanding awards were modified. All outstanding GGP in and out of the money options were canceled and replaced with Class A Stock of BPR and BPY options, respectively. Certain existing appreciation only LTIP awards were canceled and replaced with substitute awards of a BPY affiliate. Outstanding restricted GGP shares were replaced with restricted shares of Class A Stock. As the awards were modified in conjunction with an equity restructuring, they were accounted for as modifications. Incremental compensation cost was measured as the excess of the fair value of the replacement awards over the fair value of the original awards immediately before the terms were modified. Total compensation cost measured at the date of modification was the grant-date fair value of the original awards for which the requisite service is expected to be rendered (or has already been rendered) plus the incremental cost associated with the replacement awards. For vested awards, incremental compensation cost was recognized on the modification date. For unvested awards, incremental compensation cost is being recognized over the remaining service period. 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). The following tables summarize stock option activity for the Equity Plan for BPR for the years ended December 31, 2018 , 2017 and 2016 : 2018 2017 2016 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price (2) Stock options Outstanding at January 1, 14,427,103 $ 17.84 15,277,189 $ 17.90 18,162,700 $ 17.34 Granted (1) (3) 1,068,818 19.70 — — 247,592 20.81 Exercised (338,715 ) 16.55 (690,969 ) 18.00 (2,886,986 ) 14.45 Forfeited (8,377 ) 26.41 (153,822 ) 22.47 (230,509 ) 19.94 Expired (55,917 ) 23.27 (5,295 ) 28.86 (15,608 ) 17.73 Conversion Effect (3) (14,081,389 ) 17.85 — — — — Stock options Outstanding at December 31, 1,011,523 $ 19.71 14,427,103 $ 17.84 15,277,189 $ 17.90 _______________________________________________________________________________ (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 10 ). (2) Changes to prior year weighted average exercise price is due to adjustment of the strike price for the special dividend issued in 2016. (3) In connection with the BPY Transaction, outstanding GGP in and out of the money options were canceled and replaced with Class A Stock of BPR and BPY options, respectively. The BPY options remain outstanding as of December 31, 2018 as they are held by employees of BPR subsidiaries. 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 $17.01 - $23.00 773,642 4.52 17.91 773,642 4.52 17.91 $23.01 - $30.00 237,881 5.83 25.58 188,141 5.71 25.64 Total 1,011,523 4.83 $ 19.71 961,783 4.75 $ 19.42 Intrinsic value ($16.12 stock price as of December 31, 2018) $ (3,636 ) $ (3,176 ) There were no new stock options granted in 2018 and 2017. The weighted-average fair value of stock options as of the grant date was $4.52 for stock options granted during the year ended December 31, 2016, excluding 156,331 of special dividend shares granted during 2016 as a result of antidilution provisions that were triggered by a special dividend distribution. The intrinsic value of stock options exercised during the year was $1.6 million , $3.9 million , and $42.1 million for the year ended December 31, 2018 , December 31, 2017 , and December 31, 2016 , respectively. Restricted Stock Pursuant to the Equity Plan, BPR 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, 2018 , December 31, 2017 and December 31, 2016 : 2018 2017 2016 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 982,529 $ 25.42 453,596 $ 27.16 206,219 $ 29.16 Granted 667,831 21.52 771,960 24.77 329,326 26.20 Vested (319,763 ) 24.35 (174,806 ) 26.76 (71,570 ) 28.48 Forfeited (136,959 ) 24.27 (68,221 ) 26.24 (10,379 ) 27.28 Conversion Effect (1) (460,062 ) 25.22 — — — — Nonvested restricted stock grants outstanding as of end of period 733,576 $ 22.67 982,529 $ 25.42 453,596 $ 27.16 _______________________________________________________________________________ (1) In connection with the BPY Transaction, outstanding restricted GGP shares were replaced with restricted shares of Class A Stock. The weighted average remaining contractual term of nonvested awards as of December 31, 2018 was 2.5 years. The fair value of shares vested during the year was $7.8 million , $4.7 million , and $2.0 million for the year ended December 31, 2018 , December 31, 2017 , and December 31, 2016 , 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). LTIP Units are classes of partnership interests that under certain conditions, including vesting, are convertible by the holder into units of BPROP Series K preferred stock of the Operating Partnership, which are redeemable by the holder for shares of Class A stock on a one-to-one ratio (subject to adjustment for changes to the Company's capital structure) or for the cash value of such shares at the option of the Company. The following table summarizes LTIP Unit activity for the Equity Plan for the Company for the years ended December 31, 2018 , December 31, 2017 and December 31, 2016 : 2018 2017 2016 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value (2) LTIP Units Outstanding at January 1, 3,779,904 $ 27.29 3,775,802 $ 27.40 1,724,747 $ 29.32 Granted (1) 1,387,289 22.51 122,547 25.40 2,089,917 25.84 Exercised (73,660 ) 28.95 (92,880 ) 29.15 — — Forfeited (856,467 ) 25.85 (25,565 ) 27.69 (38,862 ) 28.95 Canceled (3) (1,204,203 ) 25.93 — — — — LTIP Units Outstanding at December 31, 3,032,863 $ 26.01 3,779,904 $ 27.29 3,775,802 $ 27.40 _______________________________________________________________________________ (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 10 ). (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. (3) In connection with the BPY Transaction, certain existing LTIP awards were canceled and replaced with substitute awards of a BPY affiliate. The substitute LTIP awards remain outstanding as of December 31, 2018 as they are held by employees of BPR subsidiaries. Performance Equity Compensation Pursuant to the Equity Plan, GGP 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. As a result of the BPY Transaction, all performance metrics were deemed met with outstanding awards still requiring time vesting according to original grant terms. The following table summarizes performance restricted stock and LTIP Unit activity for the respective grant years ended December 31, 2018 and December 31, 2017 : 2018 2017 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested performance grants outstanding as of beginning of period 1,074,595 25.59 593,200 26.07 Granted 406,306 21.52 554,264 25.11 Vested (77,969 ) 21.06 — — Canceled (164,074 ) 25.56 (72,869 ) 25.82 Conversion Effect (1) (97,185 ) 20.11 — — Nonvested performance grants outstanding as of end of period 1,141,673 24.92 1,074,595 25.59 _______________________________________________________________________________ (1) In connection with the BPY Transaction, all performance metrics were deemed met with outstanding awards still requiring time vesting according to the original grant terms. 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, 2018 2017 2016 Risk-free interest rate (*) 2.37 % 2.45 % 1.52 % Dividend yield (*) 4.09 % 3.47 % 3.07 % Expected volatility 25.50 % 40.00 % 25.00 % 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, 2018 (1) 2017 2016 Stock options—Property management and other costs $ 236 $ 3,366 $ 5,833 Stock options—General and administrative 122 7,732 10,448 Restricted stock—Property management and other costs 10,537 5,787 2,860 Restricted stock—General and administrative 12,514 3,357 635 LTIP Units - Property management and other costs 1,538 1,366 1,346 LTIP Units - General and administrative 22,709 18,621 14,804 Total $ 47,656 $ 40,229 $ 35,926 _______________________________________________________________________________ (1) In connection with the BPY Transaction, outstanding equity awards were modified resulting in an acceleration of expense of $21.5 million . Unrecognized compensation expense as of December 31, 2018 is as follows: Year Amount 2019 $ 8,855 2020 4,681 2021 2,372 2022 350 $ 16,258 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

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE The following table summarizes the significant components of accounts receivable, net. December 31, 2018 December 31, 2017 Trade receivables $ 97,329 $ 109,968 Short-term tenant receivables 4,378 4,776 Straight-line rent receivable 137,387 233,630 Other accounts receivable 3,126 5,165 Total accounts receivable 242,220 353,539 Provision for doubtful accounts (19,658 ) (19,458 ) Total accounts receivable, net $ 222,562 $ 334,081 NOTE 14 NOTES RECEIVABLE The following table summarizes the significant components of notes receivable. December 31, 2018 December 31, 2017 Notes receivable 239,597 404,129 Accrued interest 17,340 13,429 Total notes receivable 256,937 417,558 On July 12, 2017, we entered into a promissory note with our joint venture GSPHII, in which we lent GSPHII $127.4 million that bore interest at 6.3% from January 1, 2018 until the note matured on December 31, 2018. Interest payments occurred a month in arrears, commencing on the first day of the second calendar month with a final payment on the maturity date. The note was collateralized by GSPHII's interest in four anchor boxes ( Note 3 ). The $127.4 million outstanding was paid down in full as of December 31, 2018. On May 23, 2017, we entered into a promissory note with our joint venture partner, Bayside Equities, LLC ("Bayside Equities"), a subsidiary of Ashkenazy Holding Co., LLC, in which we lent Bayside Equities $19.1 million that bears interest at 12.2% per annum. The note was collateralized by Bayside Equities' economic interest in Riverchase Galleria and the Tysons Galleria anchor box and was paid down as of December 31, 2018 in conjunction with the BPY Transaction. Notes receivable includes $204.3 million of notes receivable from our joint venture partners related to the acquisition of 730 Fifth Avenue in New York, New York. The first note was issued for $104.3 million to our joint venture partner in the retail portion and 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 8.0% subject to terms and conditions in the loan agreement and matures on April 17, 2025. As of December 31, 2018 , there was $183.8 million outstanding on the first note. The $80.0 million outstanding on the second note was paid down in full during the second quarter of 2018.

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
NOTES RECEIVABLE	ACCOUNTS RECEIVABLE The following table summarizes the significant components of accounts receivable, net. December 31, 2018 December 31, 2017 Trade receivables $ 97,329 $ 109,968 Short-term tenant receivables 4,378 4,776 Straight-line rent receivable 137,387 233,630 Other accounts receivable 3,126 5,165 Total accounts receivable 242,220 353,539 Provision for doubtful accounts (19,658 ) (19,458 ) Total accounts receivable, net $ 222,562 $ 334,081 NOTE 14 NOTES RECEIVABLE The following table summarizes the significant components of notes receivable. December 31, 2018 December 31, 2017 Notes receivable 239,597 404,129 Accrued interest 17,340 13,429 Total notes receivable 256,937 417,558 On July 12, 2017, we entered into a promissory note with our joint venture GSPHII, in which we lent GSPHII $127.4 million that bore interest at 6.3% from January 1, 2018 until the note matured on December 31, 2018. Interest payments occurred a month in arrears, commencing on the first day of the second calendar month with a final payment on the maturity date. The note was collateralized by GSPHII's interest in four anchor boxes ( Note 3 ). The $127.4 million outstanding was paid down in full as of December 31, 2018. On May 23, 2017, we entered into a promissory note with our joint venture partner, Bayside Equities, LLC ("Bayside Equities"), a subsidiary of Ashkenazy Holding Co., LLC, in which we lent Bayside Equities $19.1 million that bears interest at 12.2% per annum. The note was collateralized by Bayside Equities' economic interest in Riverchase Galleria and the Tysons Galleria anchor box and was paid down as of December 31, 2018 in conjunction with the BPY Transaction. Notes receivable includes $204.3 million of notes receivable from our joint venture partners related to the acquisition of 730 Fifth Avenue in New York, New York. The first note was issued for $104.3 million to our joint venture partner in the retail portion and 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 8.0% subject to terms and conditions in the loan agreement and matures on April 17, 2025. As of December 31, 2018 , there was $183.8 million outstanding on the first note. The $80.0 million outstanding on the second note was paid down in full during the second quarter of 2018.

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2018
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, 2018 December 31, 2017 Gross Asset Accumulated Amortization Balance Gross Asset Accumulated Amortization Balance Intangible assets: Above-market tenant leases, net $ 160,363 $ (125,152 ) $ 35,211 $ 411,789 $ (313,228 ) $ 98,561 Below-market ground leases, net 61,983 (8,293 ) 53,690 118,994 (14,870 ) 104,124 Real estate tax stabilization agreement, net 111,506 (51,393 ) 60,113 111,506 (45,081 ) 66,425 Total intangible assets $ 333,852 $ (184,838 ) $ 149,014 $ 642,289 $ (373,179 ) $ 269,110 Remaining prepaid expenses and other assets: Restricted cash 51,674 67,335 Security and escrow deposits 1,394 2,308 Prepaid expenses 39,816 54,987 Other non-tenant receivables 53,016 31,265 Other 18,734 69,790 Total remaining prepaid expenses and other assets 164,634 225,685 Total prepaid expenses and other assets $ 313,648 $ 494,795

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2018
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, 2018 December 31, 2017 Gross Liability Accumulated Accretion Balance Gross Liability Accumulated Accretion Balance Intangible liabilities: Below-market tenant leases, net $ 194,858 $ (76,825 ) $ 118,033 $ 348,984 $ (162,228 ) $ 186,756 Above-market headquarters office leases, net — — — 4,342 (3,860 ) 482 Above-market ground leases, net 754 (73 ) 681 9,880 (2,648 ) 7,232 Total intangible liabilities $ 195,612 $ (76,898 ) $ 118,714 $ 363,206 $ (168,736 ) $ 194,470 Remaining accounts payable and accrued expenses: Accrued interest 29,576 43,874 Accounts payable and accrued expenses 68,425 77,405 Accrued real estate taxes 59,877 78,213 Deferred gains/income 75,841 90,379 Accrued payroll and other employee liabilities 64,515 54,520 Construction payable 267,102 221,172 Tenant and other deposits 12,248 32,106 Insurance reserve liability 12,281 12,035 Capital lease obligations 5,385 5,385 Conditional asset retirement obligation liability 2,484 6,149 Other (1) 236,921 103,724 Total remaining accounts payable and accrued expenses 834,655 724,962 Total accounts payable and accrued expenses $ 953,369 $ 919,432 _______________________________________________________________________________ (1) Increase relates to sales deposits received in advance of closing.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 are as follows: December 31, 2018 December 31, 2017 Net unrealized gains on financial instruments $ 133 $ 116 Foreign currency translation (82,786 ) (72,022 ) Accumulated other comprehensive loss $ (82,653 ) $ (71,906 )

LITIGATION

LITIGATION	12 Months Ended
	Dec. 31, 2018
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. The Company is subject to litigation related to the BPY Transaction. The Company cannot predict the outcome of pending litigation, nor can it predict the amount of time and expense that will be required to resolve such litigation.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
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, 2018 2017 2016 Contractual rent expense, including participation rent $ 7,105 $ 8,561 $ 8,589 Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent 5,083 6,304 6,278 See Note 7 and Note 18 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: 2019 2020 2021 2022 2023 Subsequent/ Other Total Mortgages, notes and loans payable $ 419,708 $ 809,880 $ 2,883,611 $ 1,445,297 $ 3,166,904 $ 3,864,249 $ 12,589,649 Retained debt-principal 1,917 81,364 — — — — 83,281 Purchase obligations 269,568 — — — — — 269,568 Ground lease payments 2,139 2,174 2,209 2,226 2,233 84,976 95,957 Junior Subordinated Notes (1) — — — — — 206,200 206,200 Corporate Leases 7,809 7,990 8,177 8,366 8,561 33,859 74,762 Uncertain tax position liability — — — — — — — Total $ 701,141 $ 901,408 $ 2,893,997 $ 1,455,889 $ 3,177,698 $ 4,189,284 $ 13,319,417 _______________________________________________________________________________ (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 2023 .

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On January 7, 2019, the Company completed the sale of its 12% interest in Bayside Marketplace for a gross value of $42.0 million . On January 30, 2019, we entered into a revolving credit facility with BPY Bermuda Holdings IV Limited in which we lent $330.0 million . The note has an interest rate of LIBOR plus 2.50% and matures on January 30, 2020. On February 11, 2019, the Company made an offer to purchase for cash up to $95,000,000 in value of its class A stock, at a price between $19.00 and $21.00 per share.

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Quarterly data for the year ended December 31, 2018 and 2017 is summarized in the table below. In Q1 2018 and Q3 2018, they include the impact of provisions for impairment ( Note 2 ). In Q2 2017, Q3 2017, Q4 2017, Q1 2018, Q3 2018 and Q4 2018, the adjustments include gains from changes in control of investment properties in continuing operations. In Q4 2017, Q1 2018 and Q3 2018, the adjustments include gains on investment in Unconsolidated Real Estate Affiliates ( Note 3 ). 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 574,166 $ 583,144 $ 493,149 $ 413,575 Income from continuing operations 65,896 95,564 3,712,255 290,054 Net income attributable to Brookfield Property REIT Inc. 64,036 93,615 3,683,274 249,616 Class A Stock Earnings Per Share: Basic & Diluted Earnings Per Share — — 0.315 0.315 Dividends declared per share — — 0.315 0.315 Common Stock Earnings Per Share: Basic Earnings Per Share 0.06 0.09 4.70 — Diluted Earnings Per Share 0.06 0.09 4.68 — Dividends declared per share 0.22 0.22 — — Weighted-average shares outstanding: Basic 957,450 958,387 777,208 — Diluted 960,293 960,195 781,030 — 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 566,332 $ 555,796 $ 578,357 $ 627,375 Income from continuing operations 110,369 128,318 226,272 201,914 Net income attributable to Brookfield Property REIT Inc. 107,160 125,863 222,780 201,531 Basic Earnings Per Share 0.12 0.14 0.25 0.21 Diluted Earnings Per Share 0.11 0.13 0.23 0.21 Dividends declared per share 0.22 0.22 0.22 0.22 Weighted-average shares outstanding: Basic 884,505 882,255 878,663 942,766 Diluted 949,516 945,325 940,184 954,947

SCHEDULE III - REAL ESTATE AND

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	Inc. SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2018 (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 200 LaFayette New York, NY 26,635 29,750 90,674 (9,678 ) (55,693 ) 20,072 34,981 55,053 4,806 April, 2015 (d) 218 W 57th Street New York, NY 53,000 66,978 37,022 — 1,011 66,978 38,033 105,011 1,053 September, 2017 (d) 530 5th Avenue New York, NY 147,615 289,494 99,481 — 25,051 289,494 124,532 414,026 6,064 September, 2017 (d) 605 North Michigan Avenue Chicago, IL 79,863 50,980 90,634 — 2,831 50,980 93,465 144,445 6,494 December, 2016 (d) 685 Fifth Avenue New York, NY 272,914 549,756 117,780 (98,073 ) (20,152 ) 451,683 97,628 549,311 10,114 September, 2017 (d) 830 North Michigan Avenue Chicago, IL 84,842 33,200 123,553 15,298 9,102 48,498 132,655 181,153 20,819 October, 2013 (d) Beachwood Place Beachwood, OH 212,669 59,156 196,205 7,354 48,899 66,510 245,104 311,614 47,127 November, 2010 (d) Bellis Fair Bellingham, WA 83,162 14,122 102,033 — 33,087 14,122 135,120 149,242 31,781 November, 2010 (d) Brass Mill Center Waterbury, CT 65,309 31,496 99,107 — 14,025 31,496 113,132 144,628 30,057 November, 2010 (d) Coastland Center Naples, FL 114,027 24,470 166,038 — 4,028 24,470 170,066 194,536 35,915 November, 2010 (d) Columbia Mall Columbia, MO 53,145 7,943 107,969 (154 ) (722 ) 7,789 107,247 115,036 21,813 November, 2010 (d) Coral Ridge Mall Coralville, IA 106,915 20,178 134,515 2,219 26,405 22,397 160,920 183,317 33,832 November, 2010 (d) Crossroads Center St. Cloud, MN 94,316 15,499 103,077 — 8,179 15,499 111,256 126,755 24,442 November, 2010 (d) Deerbrook Mall Humble, TX 134,970 36,761 133,448 — 20,313 36,761 153,761 190,522 32,071 November, 2010 (d) Eastridge Mall Casper, WY 42,477 5,484 36,756 — 8,682 5,484 45,438 50,922 18,158 November, 2010 (d) Four Seasons Town Centre Greensboro, NC 30,628 17,259 126,570 — 17,102 17,259 143,672 160,931 48,708 November, 2010 (d) Fox River Mall Appleton, WI 165,355 42,259 217,932 (103 ) 7,561 42,156 225,493 267,649 45,907 November, 2010 (d) Grand Teton Mall Idaho Falls, ID 44,601 13,066 59,658 (1,073 ) (3,854 ) 11,993 55,804 67,797 13,770 November, 2010 (d) Greenwood Mall Bowling Green, KY 61,440 12,459 85,370 1,417 6,208 13,876 91,578 105,454 25,998 November, 2010 (d) Hulen Mall Fort Worth, TX 88,932 8,665 112,252 — 29,210 8,665 141,462 150,127 29,341 November, 2010 (d) Jordan Creek Town Center West Des Moines, IA 201,023 54,663 262,608 6,042 24,730 60,705 287,338 348,043 57,676 November, 2010 (d) Mall of Louisiana Baton Rouge, LA 323,971 88,742 319,097 (141 ) 10,100 88,601 329,197 417,798 68,154 November, 2010 (d) Mall St. Matthews Louisville, KY 176,282 42,014 155,809 (6,522 ) 20,994 35,492 176,803 212,295 37,836 November, 2010 (d) Mayfair Mall Wauwatosa, WI 341,409 84,473 352,140 (1,950 ) 47,655 82,523 399,795 482,318 81,801 November, 2010 (d) Meadows Mall Las Vegas, NV 141,635 30,275 136,846 (1,574 ) 3,190 28,701 140,036 168,737 29,257 November, 2010 (d) Mondawmin Mall Baltimore, MD 83,644 19,707 63,348 — 23,302 19,707 86,650 106,357 22,477 November, 2010 (d) Neshaminy Mall Bensalem, PA 411 11,615 48,224 4,401 15,919 16,016 64,143 80,159 7,905 June, 2017 (d) North Point Mall San Antonio, TX 249,707 57,900 228,517 — 11,446 57,900 239,963 297,863 54,239 November, 2010 (d) North Star Mall Northridge, CA 298,284 91,135 392,422 — 18,511 91,135 410,933 502,068 84,364 November, 2010 (d) NorthTown Mall Spokane, WA 84,954 12,310 108,857 — 31,679 12,310 140,536 152,846 31,553 November, 2010 (d) Oakwood Center Gretna, LA 85,219 21,105 74,228 4,309 28,209 25,414 102,437 127,851 25,958 November, 2010 (d) Oakwood Mall Eau Claire, WI 69,662 13,786 92,114 204 5,046 13,990 97,160 111,150 21,710 November, 2010 (d) Oxmoor Center Louisville, KY 83,817 — 117,814 — 15,546 — 133,360 133,360 28,465 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 Paramus Park Paramus, NJ 119,626 31,320 102,054 5,563 52,275 36,883 154,329 191,212 28,109 November, 2010 (d) Park City Center Lancaster, PA 173,813 42,451 195,409 — 3,772 42,451 199,181 241,632 39,431 November, 2010 (d) Peachtree Mall Columbus, GA 75,151 13,855 92,143 734 9,022 14,589 101,165 115,754 21,810 November, 2010 (d) Pecanland Mall Monroe, LA 83,643 12,943 73,231 — 10,749 12,943 83,980 96,923 20,603 November, 2010 (d) Pioneer Place Portland, OR 124,776 21,462 97,096 (3,890 ) 115,032 17,572 212,128 229,700 43,247 November, 2010 (d) Prince Kuhio Plaza Hilo, HI 40,391 — 52,373 — 24,344 — 76,717 76,717 25,421 November, 2010 (d) Providence Place Providence, RI 369,763 — 400,893 — 78,232 — 479,125 479,125 91,683 November, 2010 (d) Quail Springs Mall Oklahoma City, OK 68,959 40,523 149,571 (24 ) 16,288 40,499 165,859 206,358 29,370 June, 2013 (d) River Hills Mall Mankato, MN 69,703 16,207 85,608 — 13,140 16,207 98,748 114,955 21,270 November, 2010 (d) Rivertown Crossings Grandville, MI 137,916 47,790 181,770 (504 ) 11,286 47,286 193,056 240,342 41,935 November, 2010 (d) Sooner Mall Norman, OK 70,561 9,902 69,570 — 2,956 9,902 72,526 82,428 15,989 November, 2010 (d) Southwest Plaza Littleton, CO 113,414 19,024 203,044 (16 ) (12,524 ) 19,008 190,520 209,528 58,263 November, 2010 (d) Spokane Valley Mall Spokane, WA 55,643 16,817 100,209 — (7,874 ) 16,817 92,335 109,152 24,320 November, 2010 (d) Staten Island Mall Staten Island, NY 240,010 102,227 375,612 11,118 216,340 113,345 591,952 705,297 83,703 November, 2010 (d) Stonestown Galleria San Francisco, CA 179,391 65,962 203,043 (1,686 ) 51,264 64,276 254,307 318,583 44,817 November, 2010 (d) The Shoppes at Buckland Manchester, CT 115,818 35,180 146,474 (280 ) 6,228 34,900 152,702 187,602 31,177 November, 2010 (d) The Streets at SouthPoint Durham, NC 238,444 66,045 242,189 (74 ) 12,418 65,971 254,607 320,578 54,126 November, 2010 (d) The Woodlands Mall The Woodlands, TX 296,788 84,889 349,315 2,315 50,103 87,204 399,418 486,622 83,441 November, 2010 (d) Town East Mall Mesquite, TX 160,114 9,928 168,555 — 21,747 9,928 190,302 200,230 38,637 November, 2010 (d) Tysons Galleria McLean, VA 293,377 90,317 351,005 (105 ) 89,241 90,212 440,246 530,458 75,800 November, 2010 (d) Valley Plaza Mall Bakersfield, CA 236,676 38,964 211,930 6,763 47,838 45,727 259,768 305,495 46,937 November, 2010 (d) Visalia Mall Visalia, CA 73,974 11,912 80,185 — 4,555 11,912 84,740 96,652 17,745 November, 2010 (d) Westlake Center Seattle, WA 45,729 19,055 129,295 (14,819 ) (60,668 ) 4,236 68,627 72,863 17,342 November, 2010 (d) Willowbrook Wayne, NJ 359,555 110,660 419,822 — 34,769 110,660 454,591 565,251 94,608 November, 2010 (d) Construction in progress and other (e) 4,949,781 21,447 61,894 (5,951 ) 988,253 15,497 1,050,147 1,065,644 125,152 Various (d) Total $ 12,795,849 $ 2,785,580 $ 9,134,388 $ (78,880 ) $ 2,216,386 $ 2,706,701 $ 11,350,774 $ 14,057,475 $ 2,214,603 ______________________________________________________________________________________________________________________________________________________________________________________ (a) See description of mortgages, notes and other loans payable in Note 6 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 $11.9 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) Other retail properties. Brookfield Property REIT Inc. NOTES TO SCHEDULE III (Dollars in thousands) Reconciliation of Real Estate 2018 2017 2016 (In thousands) Balance at beginning of period $ 21,444,712 $ 19,409,217 $ 20,285,046 Additions 818,570 2,428,887 958,651 Impairments (64,699 ) — (130,619 ) Dispositions, transfers and write-offs (8,141,108 ) (393,392 ) (1,703,861 ) Balance at end of period $ 14,057,475 $ 21,444,712 $ 19,409,217 Reconciliation of Accumulated Depreciation 2018 2017 2016 (In thousands) Balance at beginning of period $ 3,188,481 $ 2,737,286 $ 2,452,127 Depreciation expense 583,024 644,148 620,540 Dispositions, transfers and write-offs (1,556,902 ) (192,953 ) (335,381 ) Balance at end of period $ 2,214,603 $ 3,188,481 $ 2,737,286

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
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 BPR, 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 BPROP and are presented either as redeemable noncontrolling interests or as noncontrolling interests in our permanent equity. The Operating Partnership and each of our consolidated joint ventures 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 Partnership and our consolidated joint ventures, it qualifies for the exemption from providing certain of the disclosure requirements associated with variable interest entities.
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)	useful lives: Years Buildings and improvements 10 - 45 Equipment and fixtures 3 - 20 Tenant improvements Shorter of useful life or applicable lease term Reclassifications Certain prior period amounts included in prepaid expenses and other assets of $21.1 million and deferred tax liabilities of $2.4 million in the Consolidated Balance Sheets have been reclassified to deferred tax assets, net as of December 31, 2017 . Acquisitions of Operating Properties ( Note 3 ) Acquisitions of properties are typically accounted for as acquisitions of assets rather than acquisitions of a business. Accordingly, the results of operations of acquired properties have been included in the results of operations from the respective dates of acquisition and acquisition costs are capitalized. 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)	operties stock. Investments in Unconsolidated Real Estate Affiliates ( Note 5 ) 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. Accounting guidance amended the following: (i) modified the evaluation of whether limited partnerships and similar legal entities are 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. 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 5 ), 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 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 the fair value of the consideration of 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 to our entire investment in the property, 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 5 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 b
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.
Lessee, 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, 2018 2017 2016 Amortization of straight-line rent $ (2,425 ) $ 2,084 $ 11,867 Net amortization/accretion of above and below-market tenant leases (3,259 ) (23,963 ) (33,639 ) Lease termination income 31,297 29,081 16,021 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, 2018 December 31, 2017 Straight-line rent receivables, net $ 136,007 $ 231,290 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. Accounting for real estate sales distinguishes between sales to a customer or non-customer for purposes of revenue recognition. Once we, as the seller, determine that we have a contract, we will identify each distinct non-financial asset promised to the counter-party and whether the counter-party obtains control and transfers risks and rewards of ownership of each non-financial asset to determine if we should derecognize the asset. Notes receivable are evaluated for impairment at least quarterly. Impairment occurs when it is deemed probable that we will not be able to collect all amounts due according to the contractual terms of the loan. If a loan is considered to be impaired, we record an allowance through the provision for loan losses to reduce the carrying value of the loan to the present value of expected future cash flows discounted at the loan’s contractual effective rate or the fair value of the collateral, if repayment is expected solely from the collateral.
Management Fees and Other Corporate Revenues	Management Fees and Other Corporate Revenues Management fees and other corporate revenues primarily represent real estate 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 5 .
Income Taxes (Note 8)	Income Taxes ( Note 7 ) We expect to distribute 100% of our taxable capital gains and taxable ordinary income to stockholders 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 stockholders 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. 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 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	hey 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, changes in 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. During the year ended December 31, 2018 , we recorded a $45.9 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income related to one operating property that had non-recourse debt maturing during 2019 that exceeded the fair value of the operating property. The property was conveyed to the lender in full satisfaction of the debt on November 1, 2018. No provisions for impairment were recognized during the year ended December 31, 2017 . During the year ended December 31, 2016 , we recorded an $73.0 million impairment charge on our Consolidated Statements of Operations and Comprehensive Income. This 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. 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. 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.
Property Management and Other and General and Administrative Costs	Notes Receivable Notes receivable are evaluated for impairment at least quarterly. Impairment occurs when it is deemed probable that we will not be able to collect all amounts due according to the contractual terms of the loan. If a loan is considered to be impaired, we record an allowance through the provision for loan losses to reduce the carrying value of the loan to the present value of expected future cash flows discounted at the loan’s contractual effective rate or the fair value of the collateral, if repayment is expected solely from the collateral. No impairments related to our notes receivable were recognized for the years ended December 31, 2018 and 2017. During the year ended December 31, 2016, we determined, based on current information and events, that it was probable that we would be unable to collect all amounts due according to the contractual terms of one of our notes receivable. We 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. 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 employees, audit fees, professional fees and administrative fees related to the public company.
Fair Value Measurements (Note 5)	Fair Value Measurements ( Note 4 ) 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, 2018 , 2017 and 2016 , which were based on Level 2 and Level 3 inputs. Note 4 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 10 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 available under our credit facility is spread among a diversified group of investment grade financial institutions. We had $387.0 million outstanding and no amounts outstanding under our credit facility as of December 31, 2018 and 2017 , respectively.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Based upon the new revenue recognition guidance, revenue recognized for the year ended December 31, 2018 is not significantly different as compared to what would have been recognized in the same period under guidance that was in effect before the change. Effective January 1, 2018, companies were 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 are excluded from this revenue recognition criteria; however, the sale of real estate is required to follow the new model. Expanded quantitative and qualitative disclosures regarding revenue recognition are required for contracts that are subject to this pronouncement. The new standard could be adopted either retrospectively to each prior reporting period presented or on a modified retrospective approach as a cumulative effect adjustment as of the date of adoption. The Company adopted the model effective January 1, 2018 using the modified retrospective approach for implementation. The Company elected to use the practical expedient to apply the model only to contracts not yet completed as of the date of adoption. The adoption resulted in a cumulative-effect adjustment to increase equity as of January 1, 2018 of approximately $1.90 million related to changes in the revenue recognition pattern of lease commissions earned by the Company from our joint ventures and the sale of condos in our Unconsolidated Real Estate Affiliates ( Note 5 ). In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, Leases . This new guidance, including related Accounting Standard Updates ("ASUs") that have subsequently been issued, was effective January 1, 2019 and requires lessees to recognize a liability to make lease payments and a right-of-use ("ROU") asset, initially measured at the present value of lease payments, for both operating and financing leases. For leases with a term of 12 months or less, lessees will be permitted to make an accounting policy election by class of underlying asset to not recognize lease liabilities and lease assets. The guidance allows lessors to make an accounting policy election, by class of underlying asset, to not separate non-lease components from lease components if certain requirements are met. The guidance also provides an optional transition method which would allow entities to initially apply the new guidance in the period of adoption, recognizing a cumulative-effect adjustment to the opening balance of retained earnings, if necessary. The Company adopted the new standard on January 1, 2019 and applied the new guidance prospectively from the date of adoption and will not recast prior-period comparative information presented together with the 2019 financial statements. The Company elected to use the “package of practical expedients”, which allows the Company not to reassess under the new standard prior conclusions about lease identification, lease classification, and initial direct costs. The Company does not expect any material adjustments to the opening balance of retained earnings upon adoption of the new standard given the nature of the impacts and the other transition practical expedients elected by the Company. Upon adoption, the Company expects to recognize a lease liability of approximately $70 million to $80 million for operating leases on our consolidated properties where we are the lessee, such as ground leases and office leases with a term of more than 12 months. For leases with a term of 12 months or less, the Company will make an accounting policy election by class of underlying asset to not recognize lease liabilities and ROU assets. All of the leases for which the Company will record a lease liability and ROU asset are classified as operating leases under existing GAAP, and the current classification will be carried forward subsequent to adoption of Topic 842. Differences in lease classification will affect only the pattern and classification of expense recognition in the income statement. For leases where the Company is the lessor, the Company expects that accounting for lease components will be largely unchanged from existing GAAP; the Company plans to elect the practical expedient to not separate non-lease components from lease components. This election is expected to result in a change on the Company’s Consolidated Statement of Operations and Comprehensive Income. The Company will no longer present minimum rents, overage rents and tenant recoveries as separate line items because the Company will now account for these line items as a single combined lease component, rental income, on the basis of the lease component being the predominant component in the contract. Topic 842 introduced certain changes to the lease classification rules for lessors. Accordingly, the Company expects that some leases may be classified as sales-type leases after the new standard is adopted. This change is not expected to have a material impact on the Company’s financial statements. The new standard disallows the capitalization of internal leasing costs and legal costs. The Company elected to use the practical expedient in transition to not re-evaluate costs that were previously capitalized. The Company will apply the new guidance on the capitalization of leasing costs prospectively beginning on January 1, 2019. 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 for the Company 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 October 2016, the FASB issued ASU 2016-16, which changed the current income tax accounting for intra-entity asset sales to be only for inventory. The Company adopted this standard effective January 1, 2018. For those companies that did not recognize the income tax impact of a sale other than inventory before the adoption date, the new ASU was applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of January 1, 2018. This resulted in a cumulative-effect adjustment to decrease retained earnings by the unamortized balance of the $18.8 million prepaid asset established in December 2016. In November 2016, the FASB issued ASU 2016-18, which requires that a statement of cash flows explain the change during the reporting period in the total of cash, 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. The Company adopted this guidance on December 31, 2017, which changed our statements of cash flows and related disclosures for all periods presented. In February 2017, the FASB issued ASU 2017-05, which clarifies the accounting for the derecognition of nonfinancial assets by eliminating the exception in current GAAP for transfers of investments in real estate entities (including equity method investments). The amendments in this update provide guidance on the accounting of partial sales of nonfinancial assets and contributions of nonfinancial assets to a joint venture or other noncontrolling investee. Upon adoption, an entity would use the guidance in the new revenue recognition standard (discussed above) to determine whether it is transferring multiple, distinct assets and would recognize a gain or loss for each distinct asset transferred. When an entity transfers nonfinancial assets included in a subsidiary and retains or receives an equity interest, it first determines whether it has retained a controlling financial interest in the subsidiary. If so, the entity does not derecognize the assets and accounts for the sale of noncontrolling interest in the subsidiary under the consolidation guidance covering decreases in ownership which would result in recognizing a gain or loss. If an entity retains or receives a noncontrolling interest in the entity that owns the asset post-sale, that noncontrolling interest is considered noncash consideration and is included in the transaction price at its fair value. The retained noncontrolling interest is included at its fair value and results in an entity recognizing 100% of the gain on sale of the asset. The Company adopted this standard as of January 1, 2018 using the modified retrospective approach for implementation. We elected to use the practical expedient to apply the standard only to contracts not yet completed as of the date of adoption. The adoption will result in higher gains on future sales of partial real estate interests due to recognizing 100% of the gain on the sale of the partial interest and recording the retained noncontrolling interest at fair value. As of the adoption date, January 1, 2018, there was no cumulative-effect adjustment recorded to retained earnings. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement. This new guidance is effective January 1, 2020, with early adoption permitted, and modifies the disclosure requirements on fair value measurements. Public entities will be required to disclose the following: (i) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and (ii) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. In addition, public entities will no longer be required to disclose the following: (i) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (ii) the policy for timing of transfers between levels and (iii) the valuation processes for Level 3 fair value measurements. The new pronouncement also clarifies and modifies certain existing provisions, including eliminating "at a minimum" from the phrase "an entity shall disclose at a minimum" to promote the appropriate exercise of discretion by entities when considering fair value measurement disclosures and clarifying that materiality is an appropriate consideration when evaluating disclosure requirements. The Company is evaluating the potential impact of this pronouncement on its consolidated financial statements.
Use of Estimates, Policy	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 allocating the purchase price of real estate acquisitions, 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 ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 Tenant leases: In-place value $ 188,140 $ (86,510 ) $ 101,630 As of December 31, 2017 Tenant leases: In-place value $ 347,232 $ (181,088 ) $ 166,144
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 15 and Note 16 , had the following effects on our income from continuing operations: Year Ended December 31, 2018 2017 2016 Amortization/accretion effect on continuing operations $ (48,655 ) $ (74,802 ) $ (86,979 )
Schedule of future amortization/accretion of all intangibles, estimated to decrease results from continuing operations	Future amortization/accretion of all intangibles, including the intangibles in Note 15 and Note 16 is estimated to decrease results from continuing operations as follows: Year Amount 2019 $ 21,490 2020 15,116 2021 10,239 2022 9,413 2023 9,084
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, 2018 2017 2016 Amortization of straight-line rent $ (2,425 ) $ 2,084 $ 11,867 Net amortization/accretion of above and below-market tenant leases (3,259 ) (23,963 ) (33,639 ) Lease termination income 31,297 29,081 16,021
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, 2018 December 31, 2017 Straight-line rent receivables, net $ 136,007 $ 231,290
Summary of changes in allowance for doubtful accounts	The following table summarizes the changes in allowance for doubtful accounts: 2018 2017 2016 Balance as of January 1, $ 19,457 $ 17,883 $ 14,654 Provision for doubtful accounts (1) 14,309 13,594 10,534 Write-offs (14,109 ) (12,020 ) (7,305 ) Balance as of December 31, $ 19,657 $ 19,457 $ 17,883 _______________________________________________________________________________ (1) Excludes recoveries of $2.2 million , $2.9 million and $2.4 million for the years ended December 31, 2018 , 2017 and 2016 , respectively.
Summary of management fees from affiliates and the entity's share of the management fee expense	ome in Note 5 . The following table summarizes the management fees from affiliates and our share of the management fee expense: Year Ended December 31, 2018 2017 2016 Management fees from affiliates (1) $ 125,555 $ 97,136 $ 82,742 Management fee expense (46,953 ) (38,166 ) (33,049 ) Net management fees from affiliates $ 78,602 $ 58,970 $ 49,693

ACQUISITIONS, SALES AND JOINT_2

ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY (Tables)	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Schedule of Unobservable Quantitative Inputs	Based upon these inputs, we determined that our valuations of the properties using a discounted cash flow or a direct capitalization model were classified within Level 3 of the fair value hierarchy ( Note 2 ). Unobservable Quantitative Input Range Discount Rates 6.0% to 7.0% Terminal capitalization rates 4.0% to 5.5%
Schedule of Business Acquisitions, by Acquisition	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 ($ in millions): Allocation of Thor Equities Purchase Price 218 W. 57th Street 530 Fifth Avenue 685 Fifth Avenue Investment in real estate, including intangible assets and liabilities $ 104.0 $ 334.0 $ 652.6 Fair value of debt (1) (53.0 ) (221.0 ) (340.0 ) Net working capital (2) 0.1 14.3 1.7 Net assets acquired $ 51.1 $ 127.3 $ 314.3 The table below summarizes the gain from changes in control calculation ($ in millions): Gain from changes in control for 218 West 57th Street, 530 Fifth Avenue and 685 Fifth Avenue Net implied fair value of previous investment and consideration $ 250.0 Less: carrying value of Investment in Unconsolidated Real Estate Affiliates 198.1 Gain from changes in control of investment properties and other, net $ 51.9 The table below summarizes the gain from changes in control calculation ($ in millions): Gain from a Change of Control in GSPH Consideration paid to acquire our joint venture partner's interest $ 190.1 Less: carrying value of Investment in Unconsolidated Real Estate Affiliates 147.2 Gain from changes in control of investment properties and other, net $ 42.9 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: carrying value of investment in Riverchase Galleria (78.0 ) Losses from changes in control of investment properties $ (44.2 ) The table below summarizes the gain calculation ($ in millions): Cash received from joint venture partner $ 830.5 Less: carrying value of previous investment in Fashion Show (195.6 ) Gain from change in control of investment property $ 634.9 ($ 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

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2018
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 during the year ended December 31, 2018. No impairment charges were recognized during the year ended December 31, 2017. 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, 2018 Investments in real estate (1) $ 62,490 $ — $ — $ 62,490 $ 45,866 _______________________________________________________________________________ (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 9.75% to 11.00% Terminal capitalization rates 9.50% to 10.25%
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, 2018 and 2017 . December 31, 2018 December 31, 2017 Carrying Amount (1) Estimated Fair Value Carrying Amount (2) Estimated Fair Value Fixed-rate debt $ 6,073,193 $ 6,048,104 $ 10,420,252 $ 10,467,262 Variable-rate debt 6,516,456 6,614,172 2,412,207 2,415,457 $ 12,589,649 $ 12,662,276 $ 12,832,459 $ 12,882,719 _______________________________________________________________________________ (1) Includes net $7.7 million of market rate adjustments and $123.8 million of deferred financing costs.

UNCONSOLIDATED REAL ESTATE AF_2

UNCONSOLIDATED REAL ESTATE AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2018
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. The reconciliation to our total investment in Unconsolidated Real Estate Affiliates is inclusive of investments accounted for using the cost method ( Note 2 ). December 31, 2018 December 31, 2017 Condensed Combined Balance Sheets—Unconsolidated Real Estate Affiliates (1) Assets: Land $ 3,595,706 $ 2,908,181 Buildings and equipment 23,468,110 14,014,665 Less accumulated depreciation (4,361,210 ) (3,794,792 ) Construction in progress 489,250 545,305 Net property and equipment 23,191,856 13,673,359 Investments in unconsolidated joint ventures 632,060 613,136 Net investment in real estate 23,823,916 14,286,495 Cash and cash equivalents 540,905 438,664 Accounts receivable, net 348,655 386,634 Notes receivable 22,881 15,058 Deferred expenses, net 511,814 339,327 Prepaid expenses and other assets 796,815 381,980 Total assets $ 26,044,986 $ 15,848,158 Liabilities and Owners' Equity: Mortgages, notes and loans payable $ 16,139,498 $ 10,504,799 Accounts payable, accrued expenses and other liabilities 1,118,663 1,115,549 Cumulative effect of foreign currency translation ("CFCT") (21,384 ) (38,013 ) Owners' equity, excluding CFCT 8,808,209 4,265,823 Total liabilities and owners' equity $ 26,044,986 $ 15,848,158 Investment in Unconsolidated Real Estate Affiliates, Net: Owners' equity $ 8,786,824 $ 4,227,810 Less: joint venture partners' equity (4,796,896 ) (2,413,822 ) Plus: excess investment/basis differences 1,220,632 1,547,462 Investment in Unconsolidated Real Estate Affiliates, net (equity method) 5,210,560 3,361,450 Investment in Unconsolidated Real Estate Affiliates, net (cost method) 30,483 30,483 Elimination of consolidated real estate investment interest through joint venture — (52,305 ) Retail investment, net 19,912 16,091 Investment in Unconsolidated Real Estate Affiliates, net $ 5,260,955 $ 3,355,719 Reconciliation—Investment in Unconsolidated Real Estate Affiliates: Asset—Investment in Unconsolidated Real Estate Affiliates $ 5,385,582 $ 3,377,112 Liability—Investment in Unconsolidated Real Estate Affiliates (124,627 ) (21,393 ) Investment in Unconsolidated Real Estate Affiliates, net $ 5,260,955 $ 3,355,719 _______________________________________________________________________________ (1) The Condensed Combined Balance Sheets - Unconsolidated Real Estate Affiliates include the joint ventures formed in conjunction with the BPY Transaction subsequent to August 27, 2018 and Fashion Place subsequent to December 14, 2018 ( Note 3 ). Year Ended Year Ended Year Ended Condensed Combined Statements of Income—Unconsolidated Real Estate Affiliates (1) Revenues: Minimum rents $ 1,402,237 $ 1,186,646 $ 1,106,691 Tenant recoveries 568,355 489,307 473,357 Overage rents 49,274 36,377 39,298 Condominium sales 110,792 328,237 520,360 Other 84,049 70,497 52,511 Total revenues 2,214,707 2,111,064 2,192,217 Expenses: Real estate taxes 182,514 140,944 124,355 Property maintenance costs 36,361 41,550 41,132 Marketing 24,282 21,338 22,368 Other property operating costs 270,071 230,930 214,071 Condominium cost of sales 79,927 239,528 379,401 Provision for doubtful accounts 9,128 6,416 13,665 Property management and other costs (2) 103,475 84,446 71,499 General and administrative 3,026 2,101 3,198 Depreciation and amortization 725,316 505,387 466,715 Total expenses 1,434,100 1,272,640 1,336,404 Interest income 7,401 11,054 9,505 Interest expense (550,939 ) (465,242 ) (318,628 ) Provision for income taxes (1,842 ) (1,312 ) (1,278 ) Equity in loss of unconsolidated joint ventures (33,621 ) (23,553 ) (45,057 ) Income from continuing operations 201,606 359,371 500,355 Allocation to noncontrolling interests (78 ) (103 ) (128 ) Net income attributable to the ventures $ 201,528 $ 359,268 $ 500,227 Equity In Income of Unconsolidated Real Estate Affiliates: Net income attributable to the ventures $ 201,528 $ 359,268 $ 500,227 Joint venture partners' share of income (97,758 ) (162,469 ) (235,544 ) Elimination of loss from consolidated real estate investment with interest owned through joint venture 679 860 1,266 Gain (loss) on retail investment 12,374 (3,874 ) 4,264 Amortization of capital or basis differences (30,271 ) (41,035 ) (38,598 ) Equity in income of Unconsolidated Real Estate Affiliates $ 86,552 $ 152,750 $ 231,615 _______________________________________________________________________________

MORTGAGES, NOTES AND LOANS PA_2

MORTGAGES, NOTES AND LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 (1) Weighted-Average Interest Rate (2) December 31, 2017 (3) Weighted-Average Interest Rate (2) Fixed-rate debt: Collateralized mortgages, notes and loans payable $ 6,073,193 4.38 % $ 10,420,252 4.41 % Total fixed-rate debt 6,073,193 4.38 % 10,420,252 4.41 % Variable-rate debt: Collateralized mortgages, notes and loans payable (4) 1,702,142 4.22 % 2,418,628 3.39 % Unsecured corporate debt (5) 4,814,314 4.86 % (6,421 ) — Total variable-rate debt 6,516,456 4.69 % 2,412,207 3.39 % Total Mortgages, notes and loans payable $ 12,589,649 4.54 % $ 12,832,459 4.22 % Junior Subordinated Notes $ 206,200 3.97 % $ 206,200 2.83 % _______________________________________________________________________________ (1) Includes net $7.7 million of market rate adjustments and $123.8 million of deferred financing costs. (2) Represents the weighted-average interest rates on our principal balances, excluding the effects of market rate adjustments and deferred financing costs. (3) Includes net $23.5 million of market rate adjustments and $30.3 million of deferred financing costs. (4) $1.4 billion of the variable-rate balance is cross-collateralized.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	The provision for (benefit from) income taxes for the years ended December 31, 2018 , 2017 , and 2016 are as follows: December 31, 2018 December 31, 2017 December 31, 2016 Current $ 6,499 $ 8,658 $ 804 Deferred (600,685 ) (19,554 ) 97 Total $ (594,186 ) $ (10,896 ) $ 901
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, 2018 December 31, 2017 December 31, 2016 Total deferred tax assets $ 630,215 $ 29,801 $ 22,090 Valuation allowance (8,857 ) (8,740 ) (15,147 ) Net deferred tax assets 621,358 21,061 6,943 Total deferred tax liabilities (2,083 ) (2,428 ) (3,843 ) Net deferred tax assets $ 619,275 $ 18,633 $ 3,100
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, 2018 , December 31, 2017 and December 31, 2016 are summarized as follows: December 31, 2018 December 31, 2017 (1) December 31, 2016 Operating loss and other carryforwards (2) $ 63,604 $ 47,577 $ 42,496 Other TRS property, primarily differences in basis of assets and liabilities 564,528 (20,204 ) (24,249 ) Valuation allowance (8,857 ) (8,740 ) (15,147 ) Net deferred tax assets $ 619,275 $ 18,633 $ 3,100

WARRANTS (Tables)

WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2018
Warrants [Abstract]
Schedule of Warrants received	Brookfield and certain parties who were previously members of a Brookfield investor consortium owned 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, had a term of seven years and expired on November 9, 2017. Below is a summary of Warrants that were originally issued. 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 were 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 adjusted both the exercise price and the number of shares issuable for the originally issued 73,930,000 Warrants. During 2017 , 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 13, 2017 94,170,214 8.44 8.24 July 13, 2017 95,057,357 8.36 8.17 October 13, 2017 17,942,385 8.27 8.08

RENTALS UNDER OPERATING LEASES

RENTALS UNDER OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 are as follows: Year Amount 2019 $ 764,196 2020 696,381 2021 621,582 2022 543,232 2023 464,453 Subsequent 1,442,312 $ 4,532,156

EQUITY AND REDEEMABLE NONCONT_2

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2018
Redeemable noncontrolling interest
Schedule of activity included in the allocation to noncontrolling interests	Year Ended December 31, 2018 2017 2016 Distributions to preferred BPROP units ("Preferred Units") $ (4,636 ) $ (1,867 ) $ (8,680 ) Net income allocation to noncontrolling interests in BPROP from continuing operations ("Common Units") (31,803 ) (4,830 ) (7,051 ) Net income allocation to noncontrolling interests in BPROP from continuing operations ("LTIP units") (8,159 ) (1,502 ) (2,920 ) Net income allocated to noncontrolling interest in consolidated real estate affiliates (915 ) (1,340 ) (1,255 ) Net income allocated to noncontrolling interests of the Operating Partnership (1) (27,715 ) — — Allocation to noncontrolling interests (73,228 ) (9,539 ) (19,906 ) Other comprehensive (income) loss allocated to noncontrolling interests (39 ) 89 2 Comprehensive income allocated to noncontrolling interests $ (73,267 ) $ (9,450 ) $ (19,904 )
Schedule of activity of redeemable noncontrolling interests	The following table reflects the activity of the redeemable noncontrolling interests for the years ended December 31, 2018 , 2017 , and 2016 . 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 (2 ) Other comprehensive income (3,205 ) Fair value adjustment for redeemable noncontrolling interests in Operating Partnership (21,175 ) Balance at December 31, 2016 $ 262,727 Balance at January 1, 2017 262,727 Net income 4,830 Distributions (6,573 ) Redemption of operating partnership units (651 ) Preferred Unit Redemption to Common Stock — Other comprehensive income (89 ) Fair value adjustment for redeemable noncontrolling interests in Operating Partnership (12,118 ) Balance at December 31, 2017 $ 248,126 Balance at January 1, 2018 $ 248,126 Net income 31,803 Distributions (3,685 ) Adjustment of Mezzanine Equity to fair value (40,294 ) Common Unit Redemption to Common Stock (85,818 ) Other comprehensive income 39 Reclassification of Mezzanine Equity to Permanent Equity (37,841 ) Pre-Closing Dividend (60,673 ) BPR Equity Recapitalization 21,923 LTIP Conversion to Series K 116 Balance at December 31, 2018 $ 73,696
Common Stock
Redeemable noncontrolling interest
Summary of common stock dividends declared	Our Board of Directors declared common stock dividends during 2018 and 2017 as follows: Declaration Date (1) Record Date Payment Date Dividend Per Share 2018 May 3 July 13, 2018 July 31, 2018 $ 0.22 February 7 April 13, 2018 April 30, 2018 0.22 2017 October 31 December 15, 2017 January 5, 2018 $ 0.22 August 2 October 13, 2017 October 31, 2017 0.22 May 1 July 13, 2017 July 28, 2017 0.22 January 30 April 13, 2017 April 28, 2017 0.22 (1) Excludes the Pre-Closing Dividend ( Note 1 ). Distributions paid on our common stock and their tax status, as sent to our stockholders, is presented in the following table. The tax status of the Company's distributions in 2018 , 2017 , and 2016 may not be indicative of future periods. Year Ended December 31, 2018 2017 2016 Class A Stock (August 28, 2018 through December 31, 2018) Ordinary income $ 0.118 $ — $ — Capital gain distributions 0.512 — — Distributions per share $ 0.630 $ — $ — Common Stock (Through August 27, 2018) Ordinary income $ 3.742 $ 0.861 $ 0.685 Capital gain distributions 16.234 — 0.300 Distributions per share $ 19.976 $ 0.861 $ 0.985 Our Dividend Reinvestment Plan ("DRIP") provided 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. Pursuant to the DRIP, eligible stockholders who enrolled in the DRIP on or before the four th business day preceding the record date for a dividend payment were able to have that dividend reinvested. As a result of the DRIP elections, no shares were issued during the year ended December 31, 2018 and 43,732 shares were issued during the year ended December 31, 2017 .
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 Redeemable Preferred Stock (the "Pre-Merger Preferred Stock") at a price of $25.00 per share, resulting in net proceeds of $242.0 million after issuance costs. In connection with the BPY Transaction, each share of Pre-Merger Preferred Stock was converted into one share of 6.375% Series A cumulative redeemable preferred stock of BPR (the "Series A Preferred Stock"). The Series A 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 Class A Stock, and reduces net income available to common stockholders, and therefore, earnings per share. Preferred stock dividends were $15.9 million for the years ended December 31, 2018 , December 31, 2017 and December 31, 2016 . The Series A Preferred Stock does not have a stated maturity date but we may redeem the Series A Preferred Stock for $25.00 per share plus all accrued and unpaid dividends. Upon certain circumstances surrounding a change of control, holders of Series A Preferred Stock may elect to convert each share of their Series A Preferred Stock into a number of shares of Class A Stock or Class B Stock, at the option of the holder, equivalent to $25.00 plus accrued and unpaid dividends, but not to exceed a cap of 2.4679 shares of Class A Stock or Class C Stock (subject to certain adjustments related to splits, subdivisions, or combinations). The BPY Transaction did not meet the definition of a change in control per the certificate of designation governing the Series A Preferred Stock. Our Board of Directors declared preferred stock dividends during 2018 and 2017 as follows: Declaration Date Record Date Payment Date Dividend Per Share 2018 November 1 December 14, 2018 January 1, 2019 $ 0.3984 July 31 September 17, 2018 October 1, 2018 0.3984 May 3 June 15, 2018 July 2, 2018 0.3984 February 7 March 15, 2018 April 2, 2018 0.3984 2017 October 31 December 15, 2017 January 2, 2018 $ 0.3984 August 2 September 15, 2017 October 2, 2017 0.3984 May 1 June 15, 2017 July 3, 2017 0.3984 January 30 March 15, 2017 April 3, 2017 0.3984

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Information related to EPS calculation	Information related to our EPS calculations is summarized as follows: January 1, 2018 through August 27, 2018 Numerators - Basic: Net income $ 3,860,424 Preferred Stock dividends (11,952 ) Allocation to noncontrolling interests (43,049 ) Net income attributable to common stockholders $ 3,805,423 Numerators - Diluted: Distributions to Preferred Units 1,711 Net income attributable to common stockholders $ 3,807,134 Denominators: Weighted-average number of common shares outstanding - basic 914,066 Effect of dilutive securities 3,831 Weighted-average number of common shares outstanding - diluted 917,897 Anti-dilutive Securities: Effect of Common Units 7,662 Effect of LTIP Units 1,748 Weighted-average number of anti-dilutive securities 9,410 Year Ended December 31, 2017 2016 Numerators—Basic: Net income $ 666,873 $ 1,308,273 Preferred Stock dividend (15,936 ) (15,935 ) Allocation to noncontrolling interests (9,539 ) (19,906 ) Net income attributable to common stockholders $ 641,398 $ 1,272,432 Numerators—Diluted: Net income attributable to common stockholders $ 641,398 $ 1,272,432 Diluted net income attributable to common stockholders $ 641,398 $ 1,272,432 Denominators: Weighted-average number of common shares outstanding—basic 897,156 884,029 Effect of dilutive securities 50,403 68,304 Weighted-average number of common shares outstanding—diluted 947,559 952,333 Anti-dilutive Securities: Effect of Preferred Units 1,514 5,209 Effect of Common Units 6,592 4,782 Effect of LTIP Units 1,836 1,767 9,942 11,758

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
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). LTIP Units are classes of partnership interests that under certain conditions, including vesting, are convertible by the holder into units of BPROP Series K preferred stock of the Operating Partnership, which are redeemable by the holder for shares of Class A stock on a one-to-one ratio (subject to adjustment for changes to the Company's capital structure) or for the cash value of such shares at the option of the Company. The following table summarizes LTIP Unit activity for the Equity Plan for the Company for the years ended December 31, 2018 , December 31, 2017 and December 31, 2016 : 2018 2017 2016 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value (2) LTIP Units Outstanding at January 1, 3,779,904 $ 27.29 3,775,802 $ 27.40 1,724,747 $ 29.32 Granted (1) 1,387,289 22.51 122,547 25.40 2,089,917 25.84 Exercised (73,660 ) 28.95 (92,880 ) 29.15 — — Forfeited (856,467 ) 25.85 (25,565 ) 27.69 (38,862 ) 28.95 Canceled (3) (1,204,203 ) 25.93 — — — — LTIP Units Outstanding at December 31, 3,032,863 $ 26.01 3,779,904 $ 27.29 3,775,802 $ 27.40
Summary of stock option activity	The following tables summarize stock option activity for the Equity Plan for BPR for the years ended December 31, 2018 , 2017 and 2016 : 2018 2017 2016 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price (2) Stock options Outstanding at January 1, 14,427,103 $ 17.84 15,277,189 $ 17.90 18,162,700 $ 17.34 Granted (1) (3) 1,068,818 19.70 — — 247,592 20.81 Exercised (338,715 ) 16.55 (690,969 ) 18.00 (2,886,986 ) 14.45 Forfeited (8,377 ) 26.41 (153,822 ) 22.47 (230,509 ) 19.94 Expired (55,917 ) 23.27 (5,295 ) 28.86 (15,608 ) 17.73 Conversion Effect (3) (14,081,389 ) 17.85 — — — — Stock options Outstanding at December 31, 1,011,523 $ 19.71 14,427,103 $ 17.84 15,277,189 $ 17.90
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 $17.01 - $23.00 773,642 4.52 17.91 773,642 4.52 17.91 $23.01 - $30.00 237,881 5.83 25.58 188,141 5.71 25.64 Total 1,011,523 4.83 $ 19.71 961,783 4.75 $ 19.42 Intrinsic value ($16.12 stock price as of December 31, 2018) $ (3,636 ) $ (3,176 ) There were no new stock options granted in 2018 and 2017. The weighted-average fair value of stock options as of the grant date was $4.52 for stock options granted during the year ended December 31, 2016, excluding 156,331 of special dividend shares granted during 2016 as a result of antidilution provisions that were triggered by a special dividend distribution. The intrinsic value of stock options exercised during the year was $1.6 million , $3.9 million , and $42.1 million for the year ended December 31, 2018 , December 31, 2017 , and December 31, 2016 , respectively.
Summary or restricted stock activity	2018 2017 2016 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 982,529 $ 25.42 453,596 $ 27.16 206,219 $ 29.16 Granted 667,831 21.52 771,960 24.77 329,326 26.20 Vested (319,763 ) 24.35 (174,806 ) 26.76 (71,570 ) 28.48 Forfeited (136,959 ) 24.27 (68,221 ) 26.24 (10,379 ) 27.28 Conversion Effect (1) (460,062 ) 25.22 — — — — Nonvested restricted stock grants outstanding as of end of period 733,576 $ 22.67 982,529 $ 25.42 453,596 $ 27.16
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, 2018 2017 2016 Risk-free interest rate (*) 2.37 % 2.45 % 1.52 % Dividend yield (*) 4.09 % 3.47 % 3.07 % Expected volatility 25.50 % 40.00 % 25.00 % 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, 2018 (1) 2017 2016 Stock options—Property management and other costs $ 236 $ 3,366 $ 5,833 Stock options—General and administrative 122 7,732 10,448 Restricted stock—Property management and other costs 10,537 5,787 2,860 Restricted stock—General and administrative 12,514 3,357 635 LTIP Units - Property management and other costs 1,538 1,366 1,346 LTIP Units - General and administrative 22,709 18,621 14,804 Total $ 47,656 $ 40,229 $ 35,926
Schedule of unrecognized compensation expense	Unrecognized compensation expense as of December 31, 2018 is as follows: Year Amount 2019 $ 8,855 2020 4,681 2021 2,372 2022 350 $ 16,258

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Summary of Accounts Receivable	The following table summarizes the significant components of accounts receivable, net. December 31, 2018 December 31, 2017 Trade receivables $ 97,329 $ 109,968 Short-term tenant receivables 4,378 4,776 Straight-line rent receivable 137,387 233,630 Other accounts receivable 3,126 5,165 Total accounts receivable 242,220 353,539 Provision for doubtful accounts (19,658 ) (19,458 ) Total accounts receivable, net $ 222,562 $ 334,081 The following table summarizes the significant components of notes receivable. December 31, 2018 December 31, 2017 Notes receivable 239,597 404,129 Accrued interest 17,340 13,429 Total notes receivable 256,937 417,558

NOTES RECEIVABLE (Tables)

NOTES RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 December 31, 2017 Trade receivables $ 97,329 $ 109,968 Short-term tenant receivables 4,378 4,776 Straight-line rent receivable 137,387 233,630 Other accounts receivable 3,126 5,165 Total accounts receivable 242,220 353,539 Provision for doubtful accounts (19,658 ) (19,458 ) Total accounts receivable, net $ 222,562 $ 334,081 The following table summarizes the significant components of notes receivable. December 31, 2018 December 31, 2017 Notes receivable 239,597 404,129 Accrued interest 17,340 13,429 Total notes receivable 256,937 417,558

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 December 31, 2017 Gross Asset Accumulated Amortization Balance Gross Asset Accumulated Amortization Balance Intangible assets: Above-market tenant leases, net $ 160,363 $ (125,152 ) $ 35,211 $ 411,789 $ (313,228 ) $ 98,561 Below-market ground leases, net 61,983 (8,293 ) 53,690 118,994 (14,870 ) 104,124 Real estate tax stabilization agreement, net 111,506 (51,393 ) 60,113 111,506 (45,081 ) 66,425 Total intangible assets $ 333,852 $ (184,838 ) $ 149,014 $ 642,289 $ (373,179 ) $ 269,110 Remaining prepaid expenses and other assets: Restricted cash 51,674 67,335 Security and escrow deposits 1,394 2,308 Prepaid expenses 39,816 54,987 Other non-tenant receivables 53,016 31,265 Other 18,734 69,790 Total remaining prepaid expenses and other assets 164,634 225,685 Total prepaid expenses and other assets $ 313,648 $ 494,795

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 December 31, 2017 Gross Liability Accumulated Accretion Balance Gross Liability Accumulated Accretion Balance Intangible liabilities: Below-market tenant leases, net $ 194,858 $ (76,825 ) $ 118,033 $ 348,984 $ (162,228 ) $ 186,756 Above-market headquarters office leases, net — — — 4,342 (3,860 ) 482 Above-market ground leases, net 754 (73 ) 681 9,880 (2,648 ) 7,232 Total intangible liabilities $ 195,612 $ (76,898 ) $ 118,714 $ 363,206 $ (168,736 ) $ 194,470 Remaining accounts payable and accrued expenses: Accrued interest 29,576 43,874 Accounts payable and accrued expenses 68,425 77,405 Accrued real estate taxes 59,877 78,213 Deferred gains/income 75,841 90,379 Accrued payroll and other employee liabilities 64,515 54,520 Construction payable 267,102 221,172 Tenant and other deposits 12,248 32,106 Insurance reserve liability 12,281 12,035 Capital lease obligations 5,385 5,385 Conditional asset retirement obligation liability 2,484 6,149 Other (1) 236,921 103,724 Total remaining accounts payable and accrued expenses 834,655 724,962 Total accounts payable and accrued expenses $ 953,369 $ 919,432

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 and 2017 are as follows: December 31, 2018 December 31, 2017 Net unrealized gains on financial instruments $ 133 $ 116 Foreign currency translation (82,786 ) (72,022 ) Accumulated other comprehensive loss $ (82,653 ) $ (71,906 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
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, 2018 2017 2016 Contractual rent expense, including participation rent $ 7,105 $ 8,561 $ 8,589 Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent 5,083 6,304 6,278
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: 2019 2020 2021 2022 2023 Subsequent/ Other Total Mortgages, notes and loans payable $ 419,708 $ 809,880 $ 2,883,611 $ 1,445,297 $ 3,166,904 $ 3,864,249 $ 12,589,649 Retained debt-principal 1,917 81,364 — — — — 83,281 Purchase obligations 269,568 — — — — — 269,568 Ground lease payments 2,139 2,174 2,209 2,226 2,233 84,976 95,957 Junior Subordinated Notes (1) — — — — — 206,200 206,200 Corporate Leases 7,809 7,990 8,177 8,366 8,561 33,859 74,762 Uncertain tax position liability — — — — — — — Total $ 701,141 $ 901,408 $ 2,893,997 $ 1,455,889 $ 3,177,698 $ 4,189,284 $ 13,319,417 _______________________________________________________________________________ (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 2023 .

QUARTERLY FINANCIAL INFORMATI_2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information (unaudited)	Quarterly data for the year ended December 31, 2018 and 2017 is summarized in the table below. In Q1 2018 and Q3 2018, they include the impact of provisions for impairment ( Note 2 ). In Q2 2017, Q3 2017, Q4 2017, Q1 2018, Q3 2018 and Q4 2018, the adjustments include gains from changes in control of investment properties in continuing operations. In Q4 2017, Q1 2018 and Q3 2018, the adjustments include gains on investment in Unconsolidated Real Estate Affiliates ( Note 3 ). 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 574,166 $ 583,144 $ 493,149 $ 413,575 Income from continuing operations 65,896 95,564 3,712,255 290,054 Net income attributable to Brookfield Property REIT Inc. 64,036 93,615 3,683,274 249,616 Class A Stock Earnings Per Share: Basic & Diluted Earnings Per Share — — 0.315 0.315 Dividends declared per share — — 0.315 0.315 Common Stock Earnings Per Share: Basic Earnings Per Share 0.06 0.09 4.70 — Diluted Earnings Per Share 0.06 0.09 4.68 — Dividends declared per share 0.22 0.22 — — Weighted-average shares outstanding: Basic 957,450 958,387 777,208 — Diluted 960,293 960,195 781,030 — 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 566,332 $ 555,796 $ 578,357 $ 627,375 Income from continuing operations 110,369 128,318 226,272 201,914 Net income attributable to Brookfield Property REIT Inc. 107,160 125,863 222,780 201,531 Basic Earnings Per Share 0.12 0.14 0.25 0.21 Diluted Earnings Per Share 0.11 0.13 0.23 0.21 Dividends declared per share 0.22 0.22 0.22 0.22 Weighted-average shares outstanding: Basic 884,505 882,255 878,663 942,766 Diluted 949,516 945,325 940,184 954,947

ORGANIZATION Narrative (Details

ORGANIZATION Narrative (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)Asset$ / shares
Real estate properties
Business Acquisition, Share Price | $ / shares	$ 23.50
Consideration transferred | $	$ 9,250
Number of Real Estate Properties	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%
United States | Retail Properties
Real estate properties
Number of Real Estate Properties	124

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Narrative (Details)	Mar. 30, 2018USD ($)	Oct. 04, 2016	Jul. 29, 2016	Dec. 31, 2018USD ($)Asset	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)property	Jan. 01, 2018USD ($)	Dec. 31, 2015USD ($)
Summary of Significant Accounting Policies [Line Items]
Provision for loan loss				$ 0	$ 0	$ 29,615,000
Property Management Fee Revenue				122,700,000
Interest and Fee Income, Loans, Real Estate Construction				104,800,000
Professional Fees				17,800,000
Impact of Restatement on Opening Retained Earnings, Net of Tax							$ 1,900,000
Cash and cash equivalents				247,019,000	164,604,000
Proceeds from Fees Received				$ 8,000,000		13,100,000
Ownership in investment properties by joint venture percentage		1.00%	50.00%	9.75%
Reclassification of restricted cash, operating activities				$ 584,549,000	1,294,612,000	1,136,151,000
Reclassification of restricted cash, investing activities				2,697,130,000	(855,296,000)	521,411,000
Reclassification of restricted cash, financing activities				(3,214,925,000)	(738,263,000)	(1,564,114,000)
Deferred Finance Costs, Net				123,800,000	30,300,000
Impairments				64,699,000	0	130,619,000
Provision for impairment				$ 45,866,000	0	$ 73,039,000
Number of Real Estate Properties | Asset				1
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						3
Equity method investment, impairment to investments in Unconsolidated Real Estate Affiliates				$ 0	0	$ 0
Unconsolidated Real Estate Affiliates - gain on investment, net	$ 10,400,000			487,166,000	12,000,000	51,555,000
Restricted Cash				51,674,000	67,335,000
Restricted cash and cash equivalents				298,693,000	231,939,000	531,705,000		$ 438,257,000
Long-term Line of Credit				387,000,000	0
Provision for Other Losses						$ 7,500,000
Line of Credit [Member]
Summary of Significant Accounting Policies [Line Items]
Available funds under credit facility				1,500,000,000
Unsecured corporate debt (5)
Summary of Significant Accounting Policies [Line Items]
Deferred Finance Costs, Net					6,421,000
Mortgages, notes and loans payable				4,923,740,000	$ 0
Minimum
Summary of Significant Accounting Policies [Line Items]
Operating Lease, Liability				$ 70,000,000
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
Summary of Significant Accounting Policies [Line Items]
Operating Lease, Liability				$ 80,000,000
Equity Method Investment Difference between Carrying Amount and Underlying Equity Amortization Period				45 years
Maximum | Tenant leases, In-place value
Summary of Significant Accounting Policies [Line Items]
Lease-up period				1 year
Maximum | Properties [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives				45 years
Accounting Standards Update 2016-06 | Retained Earnings (Accumulated Deficit)
Summary of Significant Accounting Policies [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption							$ 18,800,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Depreciation and Amortization Useful Lives (Details)	12 Months Ended
	Dec. 31, 2018
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
Summary of Significant Accounting Policies [Line Items]
Equity Method Investment Difference between Carrying Amount and Underlying Equity Amortization Period	45 years
Maximum | Buildings and improvements
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	45 years
Maximum | Equipment and fixtures
Summary of Significant Accounting Policies [Line Items]
Estimated useful lives	20 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Tenant Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Acquisitions of operating properties
Gross Asset	$ 333,852	$ 642,289
Accumulated Amortization	(184,838)	(373,179)
Finite-Lived Intangible Assets, Net	149,014	269,110
Amortization/accretion effect on continuing operations	(48,655)	(74,802)	$ (86,979)
2,017	21,490
2,018	15,116
2,019	10,239
2,020	9,413
2,021	9,084
Tenant leases, In-place value
Acquisitions of operating properties
Gross Asset	188,140	347,232
Accumulated Amortization	(86,510)	(181,088)
Finite-Lived Intangible Assets, Net	$ 101,630	$ 166,144

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition and Related Matters (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)property
Summary of Significant Accounting Policies [Line Items]
Property Management Fee Revenue	$ 122,700
Management fees and other corporate revenues	125,776	$ 105,144	$ 95,814
Provision for impairment	45,866	0	$ 73,039
Number of impaired non-income producing assets | property			3
Changes in allowance for doubtful accounts
Balance at	19,457	17,883	$ 14,654
Provisions for doubtful accounts	14,309	13,594	10,534
Write-offs	(14,109)	(12,020)	(7,305)
Balance at	19,657	19,457	17,883
Recoveries	2,200	2,900	2,400
Professional Fees	17,800
Revenue Recognition
Amortization of straight-line rent	(2,425)	2,084	11,867
Net amortization/accretion of above and below-market tenant leases	(3,259)	(23,963)	(33,639)
Lease termination income	31,297	29,081	$ 16,021
Straight-line rent receivables, net	$ 136,007	$ 231,290

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Management Fees (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Proceeds from Fees Received	$ 8,000		$ 13,100
Property Management Fee Revenue	122,700
Management fees from affiliates (1)	125,555	$ 97,136	82,742
Management fee expense	(46,953)	(38,166)	(33,049)
Net management fees from affiliates	$ 78,602	$ 58,970	$ 49,693

ACQUISITIONS, SALES AND JOINT_3

ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY Narrative (Details)	Dec. 14, 2018USD ($)	Jul. 13, 2018USD ($)	Mar. 30, 2018USD ($)	Jan. 29, 2018USD ($)	Dec. 29, 2017USD ($)	Oct. 03, 2017USD ($)	Sep. 19, 2017USD ($)transactionjoint_venture	Jul. 12, 2017USD ($)	Jul. 11, 2017USD ($)	Jun. 09, 2017USD ($)	May 25, 2017USD ($)	May 12, 2017USD ($)	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 ($)	Jul. 21, 2016USD ($)	Jun. 30, 2016USD ($)	Jun. 28, 2016USD ($)	Feb. 02, 2016USD ($)	Jan. 29, 2016USD ($)	Jan. 15, 2016USD ($)	Jan. 08, 2016USD ($)	Dec. 31, 2018USD ($)	Aug. 27, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Aug. 28, 2018USD ($)	Jul. 21, 2017Asset	Jun. 30, 2017USD ($)
Business Acquisition [Line Items]
Mortgages Held-for-sale, Fair Value Disclosure																													$ 100,000,000		$ 100,000,000
Gains from changes in control of investment properties and other, net																				$ 1,000,000											3,097,196,000	$ 79,056,000	$ 722,904,000
Gross property valuation amount																													11,842,872,000		11,842,872,000	18,256,231,000
Gains on extinguishment of debt																															13,983,000	55,112,000	0
Contributions received from noncontrolling interest in consolidated Real Estate Affiliates																															1,500,000,000		13,943,000
Proceeds from Sale of Real Estate			$ 13,900,000		$ 16,600,000															61,500,000	$ 1,250,000,000	$ 69,500,000
Proceeds from divestiture																		$ (16,600,000)			$ (813,900,000)	(1,400,000)
Proceeds from sale of property and equipment																				$ 6,400,000		$ 8,400,000
Notes and loans receivable, noncurrent																													80,000,000		80,000,000
Total accounts receivable																													242,220,000		$ 242,220,000	353,539,000
Ownership in investment properties by joint venture percentage																		1.00%			50.00%										9.75%
Proceeds from Sale of Real Estate and Divestiture of Real Estate Partnership																															$ 3,050,301,000	62,007,000	1,699,466,000
Real Estate Investments, Net																													17,228,454,000		17,228,454,000	21,633,343,000
Unconsolidated real estate affiliates, gain on investment			$ 10,400,000																												487,166,000	12,000,000	$ 51,555,000
Security and escrow deposits																													1,394,000		1,394,000	$ 2,308,000
Fashion Place [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															294,500,000
Payments to acquire interest in joint venture	$ 179,900,000
Ownership in investment properties by joint venture percentage	49.00%
Oak View Mall [Member]
Business Acquisition [Line Items]
Mortgage Loan Related to Property Sales																															74,700,000
Gains on extinguishment of debt																															12,400,000
Sears JV [Domain]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															12,700,000
Ownership in investment properties by joint venture percentage				49.49%
Proceeds from Sale of Real Estate and Divestiture of Real Estate Partnership				$ 44,700,000
The Shops at Fallen Timbers
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net												$ 300,000
Proceeds from Sale of Real Estate												21,000,000
685 Fifth Avenue
Business Acquisition [Line Items]
Recognized identifiable assets and liabilities							$ (340,000,000)
Net working capital							1,700,000
Net assets acquired							314,300,000
GS Portfolio Holdings II
Business Acquisition [Line Items]
Number of properties acquired								4
Number Of Properties In Joint Ventures | Asset																																			4
Seritage Growth Properties
Business Acquisition [Line Items]
Consideration paid and net implied fair value of previous investment and consideration							190,100,000
Gain (loss) recognized as a result of the change in control							42,900,000
530 5th Avenue
Business Acquisition [Line Items]
Recognized identifiable assets and liabilities							(221,000,000)
Net working capital							14,300,000
Net assets acquired							127,300,000
Security and escrow deposits							9,400,000
Thor Equities
Business Acquisition [Line Items]
Consideration paid and net implied fair value of previous investment and consideration							250,000,000
Gain (loss) recognized as a result of the change in control							$ 51,900,000
218 West 57th Street
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)							49.90%
Gross property valuation amount							$ 104,000,000
Recognized identifiable assets and liabilities							(53,000,000)
Net working capital							100,000
Net assets acquired							$ 51,100,000
Red Cliffs Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net												5,600,000
Gains on extinguishment of debt																															$ 55,100,000
Proceeds from Sale of Real Estate												39,100,000
Proceeds from sale of property and equipment												$ 36,300,000
Neshaminy
Business Acquisition [Line Items]
Gross property valuation amount										$ 65,000,000
Ownership in investment properties by joint venture percentage										50.00%
Equity interest in acquiree										100.00%
Assets										$ 55,200,000
Consideration paid and net implied fair value of previous investment and consideration										34,200,000
Gain (loss) recognized as a result of the change in control										$ 21,000,000
605 North Michigan Avenue
Business Acquisition [Line Items]
Payments to acquire business															$ 140,000,000
Riverchase Galleria
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																$ (44,200,000)
Ownership interest acquired (as a percent)																50.00%
Payments to acquire interest in joint venture																$ 33,800,000
Debt assumed to acquire interest in joint venture by co venturer																110,300,000
Ownership in investment properties by joint venture percentage																															86.30%	75.50%
Payments to acquire business																143,500,000
Assets																(78,000,000)
Recognized identifiable assets and liabilities																(220,700,000)
Net working capital																12,700,000
Net assets acquired																$ 66,300,000
Macy's
Business Acquisition [Line Items]
Number Of Properties In Joint Ventures																	4
Payments to acquire business														$ 40,700,000			$ 45,700,000
Aeropostale
Business Acquisition [Line Items]
Payments to acquire real estate and joint ventures																			$ 80,000,000
Payments to acquire interest in joint venture																			$ 20,400,000
Ownership in investment properties by joint venture percentage			46.00%		54.00%														26.00%
Number of joint ventures | joint_venture																			2
Real Estate Investment
Business Acquisition [Line Items]
Ownership in investment properties by joint venture percentage																					49.00%
Eastridge Mall San Jose CA
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															$ 71,700,000
Proceeds from Sale of Real Estate																											$ 225,000,000
Proceeds from sale of property and equipment																											$ 216,300,000
Owings Mills
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															600,000
Proceeds from Sale of Real Estate																												$ 11,600,000
Proceeds from sale of property and equipment																												$ 11,600,000
Ownership percentage in equity method investments																												50.00%
522 5th Avenue New York, New York
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															11,000,000
Proceeds from Sale of Real Estate													$ 5,400,000													$ 25,000,000
Payments for (Proceeds from) Real Estate Held-for-investment																										$ 10,000,000
Remaining net proceeds for business acquisition											$ 9,000,000
Ownership in investment properties by joint venture percentage																										10.00%
One Stockton
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															22,700,000
Proceeds from Sale of Real Estate																							$ 49,800,000
Carrying amount of mortgages																																$ 16,300,000
Proceeds from sale of property and equipment																							$ 33,500,000
Total accounts receivable																																				$ 8,000,000
Ownership in investment properties by joint venture percentage																							49.80%
Prince Kuhio Plaza
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															35,200,000
Proceeds from Sale of Real Estate																								$ 121,800,000
Proceeds from sale of property and equipment																								$ 116,000,000
Spokane Valley Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																									$ 18,400,000
Payments to acquire interest in joint venture																									$ 37,500,000
Ownership in investment properties by joint venture percentage																									25.00%
Provo Towne Centre
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															6,700,000
Proceeds from Sale of Real Estate																										$ 37,500,000
Carrying amount of mortgages																										31,100,000
Proceeds from sale of property and equipment																										$ 2,800,000
Ownership in investment properties by joint venture percentage																										75.00%
CBRE [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 454,000,000
Contribution of Property																														$ 1,230,000,000
Business Acquisition, Transaction Costs																																		$ (7,200,000)
Loans Payable																																		566,800,000
Real Estate Investments, Net																																		202,000,000
Unconsolidated real estate affiliates, gain on investment																													0
Apache Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 10,600,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 143,000,000
Business Acquisition, Transaction Costs																																		(2,000,000)
Loans Payable																																		73,500,000
Real Estate Investments, Net																																		56,900,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Augusta Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 116,900,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 251,800,000
Business Acquisition, Transaction Costs																																		1,000,000
Loans Payable																																		170,000,000
Real Estate Investments, Net																																		(34,100,000)
Unconsolidated real estate affiliates, gain on investment																													$ 0
Boise Towne Square
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 171,900,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 354,500,000
Business Acquisition, Transaction Costs																																		1,000,000
Loans Payable																																		142,000,000
Real Estate Investments, Net																																		41,600,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Columbiana Centre
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 128,500,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 268,800,000
Business Acquisition, Transaction Costs																																		(2,000,000)
Loans Payable																																		137,300,000
Real Estate Investments, Net																																		1,000,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Coronado Center [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 122,000,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 359,200,000
Business Acquisition, Transaction Costs																																		(100,000)
Loans Payable																																		182,800,000
Real Estate Investments, Net																																		54,300,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Glenbrook Square
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 6,700,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 166,800,000
Business Acquisition, Transaction Costs																																		400,000
Loans Payable																																		160,000,000
Real Estate Investments, Net																																		500,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Governor's Square
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ (700,000)
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 105,700,000
Business Acquisition, Transaction Costs																																		300,000
Loans Payable																																		66,900,000
Real Estate Investments, Net																																		39,800,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Lynnhaven Mall [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 108,300,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 383,700,000
Business Acquisition, Transaction Costs																																		500,000
Loans Payable																																		235,000,000
Real Estate Investments, Net																																		40,900,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Market Place Shopping Center [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 22,100,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 153,100,000
Business Acquisition, Transaction Costs																																		2,400,000
Loans Payable																																		113,400,000
Real Estate Investments, Net																																		20,000,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Mizner Park [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 0
Ownership in investment properties by joint venture percentage																													26.00%	50.00%
Contribution of Property																														$ 235,200,000
Business Acquisition, Transaction Costs																																		0
Loans Payable																																		0
Real Estate Investments, Net																																		39,100,000
Unconsolidated real estate affiliates, gain on investment																													$ 18,500,000
Ala Moana Center
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 0
Ownership in investment properties by joint venture percentage																													50.00%	62.50%
Contribution of Property																														$ 5,045,900,000
Business Acquisition, Transaction Costs																																		0
Loans Payable																																		1,900,000,000
Real Estate Investments, Net																																		112,300,000
Unconsolidated real estate affiliates, gain on investment																													$ 280,900,000
Cumberland Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 225,100,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 400,000,000
Business Acquisition, Transaction Costs																																		(7,200,000)
Loans Payable																																		160,000,000
Real Estate Investments, Net																																		7,700,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
The Shops at La Cantera
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 249,500,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 530,000,000
Business Acquisition, Transaction Costs																																		0
Loans Payable																																		239,800,000
Real Estate Investments, Net																																		40,700,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
River Hills Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ (20,600,000)
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 300,000,000
Business Acquisition, Transaction Costs																																		0
Loans Payable																																		167,000,000
Real Estate Investments, Net																																		153,600,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
The Maine Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 3,500,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 108,800,000
Business Acquisition, Transaction Costs																																		1,900,000
Loans Payable																																		92,000,000
Real Estate Investments, Net																																		15,200,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Thor Equities
Business Acquisition [Line Items]
Number of transactions | transaction							3
530 5th Avenue
Business Acquisition [Line Items]
Gross property valuation amount							$ 334,000,000
Ownership percentage for parent							90.23%
530 5th Avenue | Thor Equities
Business Acquisition [Line Items]
Repayments of notes payable							$ 9,750,000
Ownership percentage in noncontrolling interests							9.77%
Common equity interest converted to preferred equity interest							$ 48,100,000
Cumulative return on preferred equity interest							7.00%
218 West 57th Street
Business Acquisition [Line Items]
Ownership percentage for parent							99.90%
218 West 57th Street | Thor Equities
Business Acquisition [Line Items]
Repayments of notes payable							$ 12,300,000
Ownership percentage in noncontrolling interests							0.10%
685 Fifth Avenue
Business Acquisition [Line Items]
Gross property valuation amount							$ 652,600,000
Ownership percentage for parent							97.03%
685 Fifth Avenue | Thor Equities
Business Acquisition [Line Items]
Repayments of notes payable							$ 3,360,000
Ownership percentage in noncontrolling interests							2.97%
Common equity interest converted to preferred equity interest							$ 150,000,000
Cumulative return on preferred equity interest							7.00%
Fashion Show
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																															634,900,000
Authentic Brands Group, LLC
Business Acquisition [Line Items]
Investment in real estate																																$ 30,500,000
NorthTown Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 282,300,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 584,700,000
Business Acquisition, Transaction Costs																																		(2,300,000)
Loans Payable																																		221,100,000
Real Estate Investments, Net																																		79,000,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Oglethorpe Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 45,200,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 203,100,000
Business Acquisition, Transaction Costs																																		400,000
Loans Payable																																		149,800,000
Real Estate Investments, Net																																		8,500,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Peachtree Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 8,800,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 269,600,000
Business Acquisition, Transaction Costs																																		600,000
Loans Payable																																		176,800,000
Real Estate Investments, Net																																		84,600,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Pioneer Place
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 171,800,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 471,100,000
Business Acquisition, Transaction Costs																																		800,000
Loans Payable																																		260,000,000
Real Estate Investments, Net																																		40,100,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Riverchase Galleria
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ (7,100,000)
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 260,900,000
Business Acquisition, Transaction Costs																																		6,200,000
Loans Payable																																		164,200,000
Real Estate Investments, Net																																		110,000,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
The Mall in Columbia
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 11,200,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 122,300,000
Business Acquisition, Transaction Costs																																		800,000
Loans Payable																																		74,100,000
Real Estate Investments, Net																																		37,800,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
The Oaks Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 101,200,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 339,700,000
Business Acquisition, Transaction Costs																																		1,300,000
Loans Payable																																		235,000,000
Real Estate Investments, Net																																		4,800,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
The Shoppes at Buckland
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ (500,000)
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 160,200,000
Business Acquisition, Transaction Costs																																		400,000
Loans Payable																																		125,100,000
Real Estate Investments, Net																																		36,000,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Woodbridge Center
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ (11,100,000)
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 260,100,000
Business Acquisition, Transaction Costs																																		500,000
Loans Payable																																		246,000,000
Real Estate Investments, Net																																		25,700,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Westroads Mall [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 77,700,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 287,400,000
Business Acquisition, Transaction Costs																																		400,000
Loans Payable																																		141,300,000
Real Estate Investments, Net																																		68,800,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Westroads Mall [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 0
Ownership in investment properties by joint venture percentage																													29.15%	53.00%
Contribution of Property																														$ 292,500,000
Business Acquisition, Transaction Costs																																		(100,000)
Loans Payable																																		140,000,000
Real Estate Investments, Net																																		17,900,000
Unconsolidated real estate affiliates, gain on investment																													$ 18,400,000
Baybrook Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 368,700,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 683,700,000
Business Acquisition, Transaction Costs																																		(400,000)
Loans Payable																																		240,300,000
Real Estate Investments, Net																																		74,300,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Baybrook Mall [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 0
Ownership in investment properties by joint venture percentage																													25.0005%	50.00%
Contribution of Property																														$ 1,036,900,000
Business Acquisition, Transaction Costs																																		3,000,000
Loans Payable																																		550,000,000
Real Estate Investments, Net																																		(34,700,000)
Unconsolidated real estate affiliates, gain on investment																													$ 159,400,000
The Mall in Columbia [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 239,900,000
Ownership in investment properties by joint venture percentage																													50.00%	100.00%
Contribution of Property																														$ 838,900,000
Business Acquisition, Transaction Costs																																		(10,100,000)
Loans Payable																																		332,300,000
Real Estate Investments, Net																																		256,600,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
White Marsh Mall [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ 27,700,000
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 233,500,000
Business Acquisition, Transaction Costs																																		300,000
Loans Payable																																		190,000,000
Real Estate Investments, Net																																		16,100,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Woodbridge Center
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													$ (2,300,000)
Ownership in investment properties by joint venture percentage																													51.00%	100.00%
Contribution of Property																														$ 247,600,000
Business Acquisition, Transaction Costs																																		5,900,000
Loans Payable																																		245,100,000
Real Estate Investments, Net																																		10,700,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Town East Mall
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														$ 334,800,000
Ownership in investment properties by joint venture percentage																													37.50%	75.00%
Contribution of Property																														$ 847,500,000
Business Acquisition, Transaction Costs																																		(400,000)
Loans Payable																																		350,000,000
Real Estate Investments, Net																																		38,600,000
Unconsolidated real estate affiliates, gain on investment																													$ 0
Future Fund [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																													1,394,700,000
Contribution of Property																														5,970,800,000
Business Acquisition, Transaction Costs																																		18,700,000
Loans Payable																																		3,601,400,000
Real Estate Investments, Net																																		797,300,000
Unconsolidated real estate affiliates, gain on investment																													18,500,000
TIAA [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														943,400,000
Contribution of Property																														2,662,600,000
Business Acquisition, Transaction Costs																																		(11,000,000)
Loans Payable																																		1,062,600,000
Real Estate Investments, Net																																		387,400,000
Unconsolidated real estate affiliates, gain on investment																													18,400,000
CALPERS [Member]
Business Acquisition [Line Items]
Gains from changes in control of investment properties and other, net																														0
Contribution of Property																														$ 6,082,800,000
Business Acquisition, Transaction Costs																																		3,000,000
Loans Payable																																		2,450,000,000
Real Estate Investments, Net																																		$ 77,600,000
Unconsolidated real estate affiliates, gain on investment																													440,300,000
Lakeside Mall
Business Acquisition [Line Items]
Loan satisfaction amount																															144,500,000
Thor Equities
Business Acquisition [Line Items]
Number of joint ventures | joint_venture							3
Neshaminy Mall
Business Acquisition [Line Items]
Number of properties acquired						2
Payments to acquire business						$ 21,400,000
Neshaminy Mall | Neshaminy Mall
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)						100.00%
Seritage Growth Properties
Business Acquisition [Line Items]
Payments to acquire notes receivable								$ 127,400,000
Seritage Growth Properties | Seritage Growth Properties
Business Acquisition [Line Items]
Ownership interest acquired (as a percent)								50.00%																											50.00%
Number of properties acquired								8
Gross property valuation amount								$ 380,200,000
Ownership percentage in equity method investments																																			50.00%
Ownership in investment properties by joint venture percentage								50.00%
Number Of Properties In Joint Ventures								12																											8
Payments to acquire business								$ 126,400,000	$ 190,100,000
Special rights callable amounts								63,700,000
GS Portfolio Holdings
Business Acquisition [Line Items]
Notes and loans receivable, noncurrent								$ 127,400,000
GS Portfolio Holdings | GS Portfolio Holdings
Business Acquisition [Line Items]
Number of properties acquired								5
Number Of Properties In Joint Ventures | Asset																																			5
Payments to acquire business								$ 57,500,000
Consolidation, Eliminations | 530 5th Avenue
Business Acquisition [Line Items]
Due to related parties							$ 31,000,000
Consolidation, Eliminations | 218 West 57th Street
Business Acquisition [Line Items]
Due to related parties							$ 53,000,000
Affiliated Entity | Thor Equities | 530 5th Avenue
Business Acquisition [Line Items]
Notes and loans receivable, noncurrent																													48,100,000		48,100,000
Affiliated Entity | Thor Equities | 685 Fifth Avenue
Business Acquisition [Line Items]
Notes and loans receivable, noncurrent																													$ 151,300,000		151,300,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | 685 Fifth Avenue
Business Acquisition [Line Items]
Proceeds from Sale of Buildings		$ 135,000,000
Gains from changes in control of investment properties and other, net																															11,400,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | The Shoppes at Buckland
Business Acquisition [Line Items]
Proceeds from Sale of Buildings		$ 5,000,000
Gains from changes in control of investment properties and other, net																															$ 13,800,000

ACQUISITIONS, SALES AND JOINT_4

ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY - Gains And Losses From Changes In Control (Details) - USD ($) $ in Thousands	Sep. 19, 2017	Nov. 01, 2016	Aug. 01, 2016	Jul. 29, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Gain (Loss) on Sale on Change of Control of Investment Properties			$ 1,000		$ 3,097,196	$ 79,056	$ 722,904
Thor Equities
Business Acquisition [Line Items]
Consideration paid and net implied fair value of previous investment and consideration	$ 250,000
Proportionate share of previous investment	198,100
Gain (loss) recognized as a result of the change in control	51,900
Seritage Growth Properties
Business Acquisition [Line Items]
Consideration paid and net implied fair value of previous investment and consideration	190,100
Proportionate share of previous investment	147,200
Gain (loss) recognized as a result of the change in control	$ 42,900
Riverchase Galleria
Business Acquisition [Line Items]
Payments to acquire interest in joint venture		$ 33,800
Proportionate share of previous investment		(78,000)
Gain (Loss) on Sale on Change of Control of Investment Properties		$ (44,200)
Fashion Show
Business Acquisition [Line Items]
Payments to acquire interest in joint venture				$ 830,500
Proportionate share of previous investment				(195,600)
Gain (Loss) on Sale on Change of Control of Investment Properties				$ 634,900

ACQUISITIONS, SALES AND JOINT_5

ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY - Allocation Of Purchase Price (Details) - USD ($) $ in Millions	Sep. 19, 2017	Nov. 01, 2016
218 West 57th Street
Business Acquisition [Line Items]
Investments in real estate, including intangible assets and liabilities	$ 104
Recognized identifiable assets and liabilities	(53)
Net working capital	0.1
Net assets acquired	51.1
530 5th Avenue
Business Acquisition [Line Items]
Investments in real estate, including intangible assets and liabilities	334
Recognized identifiable assets and liabilities	(221)
Net working capital	14.3
Net assets acquired	127.3
685 Fifth Avenue
Business Acquisition [Line Items]
Investments in real estate, including intangible assets and liabilities	652.6
Recognized identifiable assets and liabilities	(340)
Net working capital	1.7
Net assets acquired	$ 314.3
Riverchase Galleria
Business Acquisition [Line Items]
Investments in real estate, including intangible assets and liabilities		$ 274.3
Recognized identifiable assets and liabilities		(220.7)
Net working capital		12.7
Net assets acquired		$ 66.3

ACQUISITIONS, SALES AND JOINT_6

ACQUISITIONS, SALES AND JOINT VENTURE ACTIVITY - Schedule of Unobservable Quantitative Inputs (Details)	12 Months Ended
	Dec. 31, 2018
Minimum
Business Acquisition [Line Items]
Discount Rates	9.00%
Terminal capitalization rates	16.00%
Maximum
Business Acquisition [Line Items]
Discount Rates	11.00%
Terminal capitalization rates	17.00%
Thor Equities | Minimum
Business Acquisition [Line Items]
Discount Rates	6.00%
Terminal capitalization rates	4.00%
Thor Equities | Maximum
Business Acquisition [Line Items]
Discount Rates	7.00%
Terminal capitalization rates	5.50%

FAIR VALUE Fair Value of Certai

FAIR VALUE Fair Value of Certain Operating Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Provision for impairment	$ (45,866)	$ 0	$ (73,039)
Market rate adjustments	0	23,500
Reclassification adjustment for realized gains on available-for-sale securities included in net income	0	$ 0	$ (11,978)
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
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	0
Fair Value Measurements, Non-recurring | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real Estate Investments, Fair Value Disclosure	62,490
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	$ 62,490
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rates	9.00%
Terminal capitalization rates	16.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rates	11.00%
Terminal capitalization rates	17.00%
Thor Equities | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rates	6.00%
Terminal capitalization rates	4.00%
Thor Equities | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rates	7.00%
Terminal capitalization rates	5.50%

FAIR VALUE Fair Value of Financ

FAIR VALUE Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Carrying Amount
Fixed-rate debt	$ 6,073,193	$ 10,420,252
Variable-rate debt	6,516,456	2,412,207
Total Mortgages, notes and loans payable	12,589,649	12,832,459
Estimated Fair Value
Fixed-rate debt	6,048,104	10,467,262
Variable-rate debt	6,614,172	2,415,457
Total long-term debt, fair value	12,662,276	12,882,719
Market rate adjustments	0	23,500
Deferred Finance Costs, Net	$ (123,800)	$ (30,300)
Debt Instrument, Description of Variable Rate Basis	LIBOR

UNCONSOLIDATED REAL ESTATE AF_3

UNCONSOLIDATED REAL ESTATE AFFILIATES Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assets:
Land	$ 2,706,701	$ 4,013,874
Buildings and equipment	10,774,079	16,957,720
Less accumulated depreciation	(2,214,603)	(3,188,481)
Construction in progress	576,695	473,118
Net property and equipment	11,842,872	18,256,231
Net investment in real estate	17,228,454	21,633,343
Cash and cash equivalents	247,019	164,604
Accounts receivable, net	222,562	334,081
Notes receivable	256,937	417,558
Deferred expenses, net	145,631	284,512
Prepaid expenses and other assets	313,648	494,795
Total assets	19,033,526	23,347,526
Liabilities and Owners' Equity:
Total liabilities, redeemable interests and equity	19,033,526	23,347,526
Investment in Unconsolidated Real Estate Affiliates, Net:
Owners' equity	(2,775,422)	(8,900,408)	$ (8,700,729)	$ (8,308,294)
Elimination of consolidated real estate investment interest through joint venture	0	(52,305)
Retail investment, net	19,912	16,091
Investment in Unconsolidated Real Estate Affiliates	5,385,582	3,377,112
Reconciliation—Investment in Unconsolidated Real Estate Affiliates:
Investment in Unconsolidated Real Estate Affiliates	5,385,582	3,377,112
Unconsolidated
Assets:
Land	3,595,706	2,908,181
Buildings and equipment	23,468,110	14,014,665
Less accumulated depreciation	(4,361,210)	(3,794,792)
Construction in progress	489,250	545,305
Net property and equipment	23,191,856	13,673,359
Net investment in real estate	23,823,916	14,286,495
Cash and cash equivalents	540,905	438,664
Accounts receivable, net	348,655	386,634
Notes receivable	22,881	15,058
Deferred expenses, net	511,814	339,327
Prepaid expenses and other assets	796,815	381,980
Total assets	26,044,986	15,848,158
Liabilities and Owners' Equity:
Mortgages, notes and loans payable	16,139,498	10,504,799
Accounts payable, accrued expenses and other liabilities	1,118,663	1,115,549
Cumulative effect of foreign currency translation (CFCT)	(21,384)	(38,013)
Owners' equity, excluding CFCT	8,808,209	4,265,823
Total liabilities, redeemable interests and equity	26,044,986	15,848,158
Investment in Unconsolidated Real Estate Affiliates, Net:
Owners' equity	8,786,824	4,227,810
Less: joint venture partners' equity	(4,796,896)	(2,413,822)
Plus: excess investment/basis differences	1,220,632	1,547,462
Investment in Unconsolidated Real Estate Affiliates, net (equity method)	5,210,560	3,361,450
Investment in Unconsolidated Real Estate Affiliates	632,060	613,136
Reconciliation—Investment in Unconsolidated Real Estate Affiliates:
Liability—Investment in Unconsolidated Real Estate Affiliates	(124,627)	(21,393)
Investment in Unconsolidated Real Estate Affiliates	632,060	613,136
Cost-method Investments [Member]
Investment in Unconsolidated Real Estate Affiliates, Net:
Investment in Unconsolidated Real Estate Affiliates, net (cost method)	30,483	30,483
Joint Venture Partner
Investment in Unconsolidated Real Estate Affiliates, Net:
Investment in Unconsolidated Real Estate Affiliates	5,260,955	3,355,719
Reconciliation—Investment in Unconsolidated Real Estate Affiliates:
Investment in Unconsolidated Real Estate Affiliates	$ 5,260,955	$ 3,355,719

UNCONSOLIDATED REAL ESTATE AF_4

UNCONSOLIDATED REAL ESTATE AFFILIATES Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								8 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Aug. 27, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Minimum rents										$ 1,297,945	$ 1,455,039	$ 1,449,704
Tenant recoveries										540,376	643,607	668,081
Overage rents										29,659	34,874	42,534
Other										70,278	89,198	90,313
Total revenues	$ 413,575	$ 493,149	$ 583,144	$ 574,166	$ 627,375	$ 578,357	$ 555,796	$ 566,332		2,064,034	2,327,862	2,346,446
Expenses:
Real estate taxes										221,175	237,198	229,635
Property maintenance costs										41,637	49,784	55,027
Marketing										7,787	11,043	13,155
Other property operating costs										253,210	286,168	282,591
Provision for doubtful accounts										12,102	10,701	8,038
Property management and other costs										172,554	145,251	138,602
General and administrative										46,441	56,133	55,745
Depreciation and amortization										633,063	693,327	660,746
Total expenses										1,636,358	1,489,605	1,546,193
Interest and dividend income										33,710	61,566	59,960
Interest expense										(576,700)	(541,945)	(571,200)
Provision for income taxes										594,186	10,896	(901)
Income from continuing operations	290,054	3,712,255	95,564	65,896	201,914	226,272	128,318	110,369
Allocation to noncontrolling interests									$ (43,049)	(73,228)	(9,539)	(19,906)
Net income attributable to common stockholders	249,616	3,683,274	93,615	64,036	201,531	222,780	125,863	107,160	3,805,423		641,398	1,272,432
Equity In Income of Unconsolidated Real Estate Affiliates:
Net income attributable to common stockholders	$ 249,616	$ 3,683,274	$ 93,615	$ 64,036	$ 201,531	$ 222,780	$ 125,863	$ 107,160	$ 3,805,423		641,398	1,272,432
Equity in income of Unconsolidated Real Estate Affiliates										86,552	152,750	231,615
Unconsolidated Real Estate Affiliates
Revenues:
Minimum rents										1,402,237	1,186,646	1,106,691
Tenant recoveries										568,355	489,307	473,357
Overage rents										49,274	36,377	39,298
Condo Sales										110,792	328,237	520,360
Other										84,049	70,497	52,511
Total revenues										2,214,707	2,111,064	2,192,217
Expenses:
Real estate taxes										182,514	140,944	124,355
Property maintenance costs										36,361	41,550	41,132
Marketing										24,282	21,338	22,368
Other property operating costs										270,071	230,930	214,071
Condo Cost of Sales										79,927	239,528	379,401
Provision for doubtful accounts										9,128	6,416	13,665
Property management and other costs										103,475	84,446	71,499
General and administrative										3,026	2,101	3,198
Depreciation and amortization										725,316	505,387	466,715
Total expenses										1,434,100	1,272,640	1,336,404
Interest and dividend income										7,401	11,054	9,505
Interest expense										(550,939)	(465,242)	(318,628)
Provision for income taxes										(1,842)	(1,312)	(1,278)
Equity in loss of unconsolidated joint ventures										33,621	23,553	45,057
Income from continuing operations										201,606	359,371	500,355
Allocation to noncontrolling interests										(78)	(103)	(128)
Net income attributable to common stockholders										201,528	359,268	500,227
Equity In Income of Unconsolidated Real Estate Affiliates:
Net income attributable to common stockholders										201,528	359,268	500,227
Joint venture partners' share of income										(97,758)	(162,469)	(235,544)
Proceeds from Real Estate and Real Estate Joint Ventures										679	860	1,266
Net Income (Loss) from Real Estate Investment Partnership										12,374	(3,874)	4,264
Amortization of capital or basis differences										(30,271)	(41,035)	(38,598)
Equity in income of Unconsolidated Real Estate Affiliates										$ 86,552	$ 152,750	$ 231,615

UNCONSOLIDATED REAL ESTATE AF_5

UNCONSOLIDATED REAL ESTATE AFFILIATES Narrative (Details)	Jul. 12, 2017USD ($)	Jul. 11, 2017USD ($)	Nov. 01, 2016USD ($)	Oct. 04, 2016	Jul. 29, 2016	Dec. 31, 2018USD ($)propertyAssetitem	Dec. 31, 2017USD ($)	Jul. 21, 2017Asset	Nov. 11, 2015USD ($)	Sep. 17, 2015USD ($)
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Ownership in investment properties by joint venture percentage				1.00%	50.00%	9.75%
Number of Real Estate Properties | Asset						1
Noncash or Part Noncash Acquisition, Interest Acquired						7.30%
Notes and loans receivable, noncurrent						$ 80,000,000
Unconsolidated
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Share of Entity in Secured Debt						$ 7,600,000,000	$ 5,100,000,000
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						$ 83,300,000	$ 85,200,000
United States | Unconsolidated Real Estate Affiliates
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number of joint ventures | Asset						28
United States | Unconsolidated Real Estate Affiliates | Regional malls
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number of Real Estate Properties | Asset						67
Brazil | Unconsolidated Real Estate Affiliates
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number of joint ventures | item						1
GS Portfolio Holdings II
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Number Of Properties In Joint Ventures | Asset								4
Number of properties acquired	4
Riverchase Galleria
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Ownership in investment properties by joint venture percentage						86.30%	75.50%
Payments to acquire business			$ 143,500,000
Debt assumed to acquire interest in joint venture by co venturer			$ 110,300,000
Ownership interest acquired (as a percent)			50.00%
Payments to acquire interest in joint venture			$ 33,800,000
GS Portfolio Holdings
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Notes and loans receivable, noncurrent	$ 127,400,000
GS Portfolio Holdings | GS Portfolio Holdings
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Payments to acquire business	$ 57,500,000
Number Of Properties In Joint Ventures | Asset								5
Number of properties acquired	5
AHC November 2015 Note [Member] | Ashkenazy
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Notes and loans receivable, noncurrent									$ 57,600,000
AHC September 2015 Note [Member] | Ashkenazy
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Ownership in investment properties by joint venture percentage						22.30%
Notes and loans receivable, noncurrent										$ 40,400,000
Seritage Growth Properties | Seritage Growth Properties
Condensed Combined Financial Information of Unconsolidated Real Estate Affiliates
Ownership in investment properties by joint venture percentage	50.00%
Payments to acquire business	$ 126,400,000	$ 190,100,000
Ownership interest acquired (as a percent)	50.00%							50.00%
Number Of Properties In Joint Ventures	12							8
Number of properties acquired	8
Ownership percentage in equity method investments								50.00%

MORTGAGES, NOTES AND LOANS PA_3

MORTGAGES, NOTES AND LOANS PAYABLE Narrative (Details)	Apr. 25, 2016USD ($)Assetextension_option	Dec. 31, 2018USD ($)Asset	Dec. 31, 2017USD ($)transaction	Dec. 31, 2016USD ($)	Dec. 31, 2006USD ($)
Debt Instrument [Line Items]
Weighted-average variable interest rate (as a percent)		4.69%	3.39%
Market rate adjustments		$ 0	$ 23,500,000
Deferred Finance Costs, Net		123,800,000	30,300,000
Secured debt, cross-collateralized with other properties	$ 1,400,000,000
Total Mortgages, notes and loans payable		12,589,649,000	12,832,459,000
Gains on extinguishment of debt		$ 13,983,000	$ 55,112,000	$ 0
Term to maturity		4 years 3 months 18 days
Weighted-average interest rate (as a percent)		4.54%	4.22%
Mortgage loans on real estate, new mortgage loans			$ 325,000,000
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		5.24%	3.98%
Fixed-rate debt		$ 6,073,193,000	$ 10,420,252,000
Debt Instrument, Interest Rate, Stated Percentage		4.42%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.38%	4.41%
Long-term Line of Credit		$ 387,000,000	$ 0
Unsecured Debt		200,000,000
Variable-rate debt		6,516,456,000	2,412,207,000
Outstanding letter of credit and surety bonds		42,400,000	51,300,000
Notes and loans receivable, noncurrent		$ 80,000,000
Number of Properties Subject to Collateralized Debt Obligations | Asset	15
Debt Instrument, Basis Spread on Variable Rate	1.75%
Percent Recourse Subsequent to Refinancing	50.00%
Debt Instrument Maturity Number of Extensions | extension_option	2
Extension Period	1 year
Number of Real Estate Properties | Asset		1
Collateralized Mortgage Note One [Member]
Debt Instrument [Line Items]
Fixed-rate debt			190,000,000
Collateralized Mortgage Note Two [Member]
Debt Instrument [Line Items]
Fixed-rate debt			$ 110,000,000
Loans Payable before Refinancing [Member]
Debt Instrument [Line Items]
Term to maturity			2 months 12 days
Line of Credit [Member]
Debt Instrument [Line Items]
Uncommitted accordion feature		$ 1,500,000,000
Unsecured corporate debt (5)
Debt Instrument [Line Items]
Weighted-average variable interest rate (as a percent)		4.86%	0.00%
Deferred Finance Costs, Net			$ 6,421,000
Junior Subordinated Notes		$ 4,923,740,000	0
Variable-rate debt		4,814,314,000
Debt Issuance Costs, Line of Credit Arrangements, Net		$ 109,400,000	$ 6,400,000
Collateralized mortgages, notes and loans payable
Debt Instrument [Line Items]
Weighted-average variable interest rate (as a percent)		4.22%	3.39%
Land, buildings and equipment and developments in progress (before accumulated depreciation) pledged as collateral		$ 11,900,000,000
Secured debt, cross-collateralized with other properties			$ 1,400,000,000
Total Mortgages, notes and loans payable		7,800,000,000
Amount of recourse fixed and variable rate debt		689,400,000
Fixed-rate debt		$ 6,073,193,000	$ 10,420,252,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.38%	4.41%
Variable-rate debt		$ 1,702,142,000	$ 2,418,628,000
Secured debt
Debt Instrument [Line Items]
Secured debt, cross-collateralized with other properties		1,400,000,000
Repayments of Debt		152,300,000
Extinguishment of Debt, Amount		117,000,000
Loans Payable
Debt Instrument [Line Items]
Repayments of Debt		$ 340,000,000	$ 73,400,000
Debt, Weighted Average Interest Rate		2.75%	5.60%
Mortgage Loans on Real Estate, Commercial and Consumer, Net		$ 275,000,000
Thor Equities | Collateralized Mortgage Note One [Member]
Debt Instrument [Line Items]
Mortgage loans on real estate, new mortgage loans			$ 450,000,000
Variable Interest Entity, Not Primary Beneficiary
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
Term Loan A-1 [Member]
Debt Instrument [Line Items]
Unsecured Debt		900,000,000
Term Loan A-1 [Member] | Liability [Member]
Debt Instrument [Line Items]
Unsecured Debt		700,000,000
Term Loan A-2 [Member]
Debt Instrument [Line Items]
Unsecured Debt		2,000,000,000
Term Loan B [Member]
Debt Instrument [Line Items]
Unsecured Debt		$ 2,000,000,000
London Interbank Offered Rate (LIBOR) | Collateralized Mortgage Note Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			3.25%
London Interbank Offered Rate (LIBOR) | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%
London Interbank Offered Rate (LIBOR) | Thor Equities | Collateralized Mortgage Note One [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Basis for Effective Rate			0.0275
London Interbank Offered Rate (LIBOR) | Thor Equities | Collateralized Mortgage Note Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Basis for Effective Rate			0.0325
London Interbank Offered Rate (LIBOR) | Term Loan B [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		2.50%
Affiliated Entity | Thor Equities
Debt Instrument [Line Items]
Number of transactions | transaction			3
685 Fifth Avenue
Debt Instrument [Line Items]
Term to maturity		10 years
Mortgage Loans on Real Estate, Commercial and Consumer, Net		$ 100,000,000
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		4.53%
Tysons Galleria
Debt Instrument [Line Items]
Mortgage Loans on Real Estate, Commercial and Consumer, Net		$ 62,400,000
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		4.05%
605 North Michigan Avenue
Debt Instrument [Line Items]
Mortgage Loans on Real Estate, Commercial and Consumer, Net		$ 80,000,000
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate		4.76%

MORTGAGES, NOTES AND LOANS PA_4

MORTGAGES, NOTES AND LOANS PAYABLE Mortgages, Notes, Loans Payable, and Weighted Average Interest Rate (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ (123,800)	$ (30,300)
Fixed-rate debt	$ 6,073,193	$ 10,420,252
Weighted-average fixed interest rate (as a percent)	4.38%	4.41%
Variable-rate debt	$ 6,516,456	$ 2,412,207
Weighted-average variable interest rate (as a percent)	4.69%	3.39%
Total Mortgages, notes and loans payable	$ 12,589,649	$ 12,832,459
Weighted-average interest rate (as a percent)	4.54%	4.22%
Market rate adjustments	$ 0	$ 23,500
Collateralized mortgages, notes and loans payable
Debt Instrument [Line Items]
Fixed-rate debt	$ 6,073,193	$ 10,420,252
Weighted-average fixed interest rate (as a percent)	4.38%	4.41%
Variable-rate debt	$ 1,702,142	$ 2,418,628
Weighted-average variable interest rate (as a percent)	4.22%	3.39%
Total Mortgages, notes and loans payable	$ 7,800,000
Unsecured corporate debt (5)
Debt Instrument [Line Items]
Deferred Finance Costs, Net		$ (6,421)
Variable-rate debt	$ 4,814,314
Weighted-average variable interest rate (as a percent)	4.86%	0.00%
Junior Subordinated Notes	$ 4,923,740	$ 0
Junior Subordinated Notes due 2041
Debt Instrument [Line Items]
Weighted-average variable interest rate (as a percent)	3.97%	2.83%
Junior Subordinated Notes	$ 206,200	$ 206,200
Debt instrument cross collateralized | Secured debt
Debt Instrument [Line Items]
Variable-rate debt	$ 1,400,000
Variable Interest Entity, Not Primary Beneficiary
Debt Instrument [Line Items]
Trust Preferred Securities Basis Spread on Variable Rate		1.45%

MORTGAGES, NOTES AND LOANS PA_5

MORTGAGES, NOTES AND LOANS PAYABLE Unsecured Debt (Details) - USD ($) $ in Thousands	Apr. 25, 2016	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Deferred Finance Costs, Net		$ 123,800	$ 30,300
Debt Instrument, Basis Spread on Variable Rate	1.75%
Weighted-average interest rate (as a percent)		4.54%	4.22%
Weighted-average fixed interest rate (as a percent)		4.38%	4.41%
Variable-rate debt		$ 6,516,456	$ 2,412,207
Weighted-average variable interest rate (as a percent)		4.69%	3.39%
Market rate adjustments		$ 0	$ 23,500

INCOME TAXES Narrative (Details

INCOME TAXES Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Operating loss and other carryforwards (2)	$ 63,604,000	$ 47,577,000	$ 42,496,000
Minimum Percentage of Ordinary Taxable Income Distribution Requirement	90.00%
Period of disqualification of REIT status	4 years
Net operating loss carryforwards		78,700,000
Unrecognized Tax Benefits	$ 0	0
Tax Basis of Investments, Cost for Income Tax Purposes	2,600,000,000
Deferred Tax Assets, Deferred Income	638,500,000
Solar And Other Tax Credits
Operating Loss Carryforwards [Line Items]
Operating loss and other carryforwards (2)	$ 43,500,000	$ 33,600,000	$ 20,600,000

INCOME TAXES Provision for Inco

INCOME TAXES Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Provision for income taxes from continuing operations
Current	$ 6,499	$ 8,658	$ 804
Deferred	(600,685)	(19,554)	97
Income Tax Expense (Benefit), Continuing Operations and Discontinued Operations	$ (594,186)	$ (10,896)	$ 901

INCOME TAXES Net Deferred Tax A

INCOME TAXES Net Deferred Tax Assets(Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net deferred tax assets (liabilities)
Total deferred tax assets	$ 630,215	$ 29,801	$ 22,090
Valuation allowance	(8,857)	(8,740)	(15,147)
Net deferred tax assets	621,358	21,061	6,943
Total deferred tax liabilities	(2,083)	(2,428)	(3,843)
Net deferred tax assets	$ 619,275	$ 18,633	$ 3,100

INCOME TAXES Tax Effect of Temp

INCOME TAXES Tax Effect of Temporary Differences and Carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Operating loss and other carryforwards (2)	$ 63,604	$ 47,577	$ 42,496
Other TRS property, primarily differences in basis of assets	564,528
Other TRS property, primarily differences in basis of liabilities		(20,204)	(24,249)
Valuation allowance	(8,857)	(8,740)	(15,147)
Net deferred tax assets	$ 619,275	$ 18,633	$ 3,100

WARRANTS Narrative (Details)

WARRANTS Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 02, 2017	Oct. 25, 2017	Dec. 31, 2018	Dec. 31, 2017	Nov. 07, 2017	Oct. 06, 2017
Class of Warrant or Right [Line Items]
Number of Warrants Issued to Purchase Common Stock of New GGP				73,930,000
Exercise price (in dollars per share)				$ 10.70
Warrants Exercised, Number Of Shares				83,866,187
Term of Warrants, in Number of Years from the Effective Date			7 years
Common stock, shares issued, shares			0	1,040,382,900
Common Stock, Value, Issued			$ 0	$ 10,130
The Brookfield Investor
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)				$ 10.75
Abu Dhabi Investment Authority
Class of Warrant or Right [Line Items]
Common Stock Withheld		2,896,465
Exercise price (in dollars per share)		$ 0.01
Warrants Exercised, Number Of Shares		4,314,330
Number of warrants exercised, shares		5,549,327	83,866,187
Shares Issued, Price Per Share		$ 20.60
The Northern Trust Company
Class of Warrant or Right [Line Items]
Common Stock, Shares, Issued As Part Of Net Settlement Agreement					10,731,589
Number of warrants exercised, shares	8,258,881
Common Stock, Value, Issued					$ 88,800
The Brookfield Investor
Class of Warrant or Right [Line Items]
Common Stock, Shares, Issued As Part Of Net Settlement Agreement						13,523,695
Exercise price (in dollars per share)						$ 0.01
Number of Warrants Issued at Dollars 10.75 to Purchase Common Stock of New GGP				57,500,000
Common stock, shares issued, shares						55,296,573
Common Stock, Value, Issued						$ 462,400
Shares Issued, Price Per Share						$ 21.21
Pershing Square
Class of Warrant or Right [Line Items]
Number of Warrants Issued at Dollars 10.50 to Purchase Common Stock of New GGP				16,430,000

WARRANTS Warrants Received by P

WARRANTS Warrants Received by Plan Sponsors and Blackstone (Details)	Dec. 31, 2017$ / 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
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) - $ / shares	Dec. 31, 2017	Oct. 13, 2017	Jul. 13, 2017	Apr. 13, 2017
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		17,942,385	95,057,357	94,170,214
Exercise price (in dollars per share)	$ 10.70
The Brookfield Investor and Blackstone [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		$ 8.27	$ 8.36	$ 8.44
Fairholme, Pershing Square and Blackstone [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		$ 8.08	$ 8.17	$ 8.24

RENTALS UNDER OPERATING LEASE_2

RENTALS UNDER OPERATING LEASES (Details) - Consolidated $ in Thousands	Dec. 31, 2018USD ($)
Minimum future rentals
2,017	$ 764,196
2,018	696,381
2,019	621,582
2,020	543,232
2,021	464,453
Subsequent	1,442,312
Total	$ 4,532,156

EQUITY AND REDEEMABLE NONCONT_3

EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (Details)	Nov. 07, 2018$ / shares	Oct. 31, 2018$ / shares	Aug. 28, 2018$ / sharesshares	Jul. 31, 2018$ / shares	May 03, 2018$ / shares	Feb. 07, 2018$ / shares	Oct. 31, 2017$ / shares	Aug. 02, 2017$ / shares	May 01, 2017$ / shares	Jan. 30, 2017$ / shares	Feb. 13, 2013USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Sep. 30, 2018$ / shares	Jun. 30, 2018$ / shares	Mar. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / sharesshares	Sep. 30, 2017$ / shares	Jun. 30, 2017$ / shares	Mar. 31, 2017USD ($)$ / shares	Aug. 27, 2018USD ($)	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / shares
Allocation to Noncontrolling Interests
Distributions to preferred BPROP units (Preferred Units)																				$ (1,711,000)	$ (4,636,000)	$ (1,867,000)	$ (8,680,000)
Net income allocation to noncontrolling interests in BPROP from continuing operations (Common Units)																					(31,803,000)	(4,830,000)	(7,051,000)
Net Income (Loss) Distributed to General Operating Partnership LTIP Units																					(8,159,000)	(1,502,000)	(2,920,000)
Net income allocated to noncontrolling interest in consolidated real estate affiliates																					(915,000)	(1,340,000)	(1,255,000)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest																					(27,715,000)	0	0
Allocation to noncontrolling interests																				(43,049,000)	(73,228,000)	(9,539,000)	(19,906,000)
Other comprehensive (income) loss allocated to noncontrolling interests																					(39,000)	89,000	2,000
Comprehensive income allocated to noncontrolling interests																					(73,267,000)	(9,450,000)	(19,904,000)
Unit Conversions Disclosures
Redemption Value																					(85,818,000)	0
Activity of redeemable noncontrolling interests
Balance at the beginning of the period															$ 248,126,000				$ 262,727,000	$ 248,126,000	248,126,000	262,727,000	287,627,000
Net income (loss)																					31,803,000	4,830,000	7,051,000
Distributions																					(3,685,000)	(6,573,000)	(5,449,000)
Redemption of operating partnership units																					(40,294,000)	(651,000)	(2,120,000)
Other Comprehensive Income, Other, Net of Tax																							(2,000)
Other comprehensive income																					39,000	(89,000)	(3,205,000)
Fair value adjustment for redeemable noncontrolling interests in Operating Partnership																					(37,841,000)	(12,118,000)	(21,175,000)
Balance at the end of the period												$ 73,696,000				$ 248,126,000					$ 73,696,000	$ 248,126,000	$ 262,727,000
Common Stock Dividend
Dividends declared per share (in dollars per share) | $ / shares		$ 0.315	$ 0.315		$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22		$ 0	$ 0	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22		$ 0	$ 0.88	$ 1.06
Distributions paid on common stock
Ordinary income | $ / shares																					3.742	0.861	0.685
Capital gain distributions | $ / shares																					16.234	0	0.300
Distributions per share | $ / shares																					$ 19.976	$ 0.861	$ 0.985
Number of business days preceding the record date of dividend for enrolling in DRIP																					4 days
Shares, Issued | shares												0									0
Number of shares issued due to DRIP elections for dividends declared (in shares) | shares																						43,732
Dividends, Preferred Stock, Stock																					$ 15,900,000
Conversion of preferred share per common share issued upon conversion | shares												0.016256057									0.016256057
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
Dividends, Preferred Stock, Cash																					$ 15,936,000	$ 15,936,000	$ 15,935,000
Dividends, Share-based Compensation, Cash																					(60,673,000)
Payments for Merger Related Costs																					$ 21,923,000
Shares, Outstanding | shares			162,323,967									109,804,513									109,804,513
Common stock, shares issued, shares | shares												0				1,040,382,900					0	1,040,382,900
Common Stock, Other Value, Outstanding												$ 0.324405869									$ 0.324405869
Conversion of Stock, Amount Converted																					116,000
Series B Preferred Stock [Member]
Distributions paid on preferred stock
Preferred Stock, Liquidation Preference, Value												$ 50									$ 50
Shares, Outstanding | shares												9,717.658									9,717.658
Common stock, shares issued, shares | shares												4,176,972.006									4,176,972.006
Class A Stock
Distributions paid on common stock
Ordinary income | $ / shares																					$ 0.118	$ 0	$ 0
Capital gain distributions | $ / shares																					0.512	0	0
Distributions per share | $ / shares																					$ 0.63	0	$ 0
Series D
Allocation to Noncontrolling Interests
Conversion ratio for convertible common units to common stock																					1.50821
Distributions paid on preferred stock
Preferred Stock Conversions, Inducements																					$ 33.151875
Dividends, Preferred Stock, Cash																					$ 21.9097
Shares, Outstanding | shares												532,749.6574									532,749.6574
Series K [Member]
Distributions paid on common stock
Conversion of preferred share per common share issued upon conversion | shares												0.40682134									0.40682134
Distributions paid on preferred stock
Common stock, shares issued, shares | shares												1,044,082									1,044,082
Series E
Allocation to Noncontrolling Interests
Conversion ratio for convertible common units to common stock																					1.29836
Distributions paid on preferred stock
Preferred Stock, Liquidation Preference, Value												$ 50									$ 50
Preferred Stock Conversions, Inducements																					38.51
Dividends, Preferred Stock, Cash																					$ 18.8613
Shares, Outstanding | shares												502,657.8128									502,657.8128
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											$ 242,000,000
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								8 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Aug. 27, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share, Basic and Diluted
Net Income (Loss) Distributed to Preferred Operating Partnership Units									$ 1,711	$ 4,636	$ 1,867	$ 8,680
Numerators—Basic:
Preferred Stock dividends									(11,952)		(15,936)	(15,935)
Net income									3,860,424	4,163,769	666,873	1,308,273
Preferred stock dividends									(11,952)		(15,936)	(15,935)
Allocation to noncontrolling interests									(43,049)	$ (73,228)	(9,539)	(19,906)
Net income attributable to common stockholders	$ 249,616	$ 3,683,274	$ 93,615	$ 64,036	$ 201,531	$ 222,780	$ 125,863	$ 107,160	3,805,423		641,398	1,272,432
Numerators—Diluted:
Net income attributable to common stockholders	$ 249,616	$ 3,683,274	$ 93,615	$ 64,036	$ 201,531	$ 222,780	$ 125,863	$ 107,160	3,805,423		641,398	1,272,432
Diluted net income attributable to common stockholders									$ 3,807,134		$ 641,398	$ 1,272,432
Denominators:
Weighted-average number of common shares outstanding—basic	0	777,208	958,387	957,450	942,766	878,663	882,255	884,505	914,066		897,156	884,029
Effect of dilutive securities									3,831		50,403	68,304
Weighted-average number of common shares outstanding—diluted	0	781,030	960,195	960,293	954,947	940,184	945,325	949,516	917,897		947,559	952,333
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									9,410		9,942	11,758
Preferred Units
Anti-dilutive Securities:
Anti-dilutive securities (in shares)											1,514	5,209
Common Units
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									7,662		6,592	4,782
Stock Options
Anti-dilutive Securities:
Anti-dilutive securities (in shares)									1,748		1,836	1,767

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Option, Nonvested, Weighted Average Exercise Price			$ 4.52
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 6 months
Intrinsic value of options exercised in period	$ 1,600,000	$ 3,900,000	42,100,000
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	$ 7,800,000	$ 4,700,000	$ 2,000,000
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	1,141,673,000	1,074,595,000	593,200,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 24,920	$ 25,590	$ 26,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	406,306,000	554,264,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 21,520	$ 25,110
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(77,969,000)	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 21,060	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(164,074,000)	(72,869,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 25,560	$ 26,000
Conversion of Stock, Shares Issued	(97,185,000)	0
Conversion Price	$ 20,110	$ 0
Stock options
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	1,011,523	14,427,103	15,277,189	18,162,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 19.71	$ 17.84	$ 17.90	$ 17.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,068,818	0	247,592
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 19.70	$ 0	$ 20.81
Conversion of Stock, Shares Issued	(14,081,389)	0	0
Conversion Price	$ 17.85	$ 0	$ 0
Stock options | Certain employees | Maximum
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	(319,763)	(174,806)	(71,570)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 24.35	$ 26.76	$ 28.48
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(136,959)	(68,221)	(10,379)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 24.27	$ 26.24	$ 27.28
Conversion of Stock, Shares Issued	(460,062)	0	0
Conversion Price	$ 25.22	$ 0	$ 0
Restricted Stock | Minimum
Stock-Based Compensation Plans
Vesting period of a portion of the shares	2 years
Restricted Stock | Maximum
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	3,032,863	3,779,904	3,775,802	1,724,747
Dividends	$ 19,064
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 26.01	$ 27.29	$ 27.40	$ 29.32
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,387,289	122,547	2,089,917
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 22.51	$ 25.40	$ 25.84

EARNINGS PER SHARE Narrative (D

EARNINGS PER SHARE Narrative (Details) - USD ($) $ in Thousands	Oct. 25, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Aug. 28, 2018
Earnings Per Share, Basic and Diluted
Shares, Outstanding		109,804,513			162,323,967
Treasury stock purchases, shares		0	12,650,991	1,887,751
Treasury shares, value			$ 273,985	$ 46,225
Common stock in treasury, shares		0	55,969,390
Common stock, shares issued, shares		0	1,040,382,900
GGP Nimbus, LP
Earnings Per Share, Basic and Diluted
Common stock, shares issued, shares		27,459,195
Abu Dhabi Investment Authority
Earnings Per Share, Basic and Diluted
Number of warrants exercised, shares	5,549,327	83,866,187

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS Stock Option Activity for GGP Equity Plan (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Stock options
Weighted Average Remaining Contractual Term (in years)	4 years 9 months
Shares
Exercised (in shares)	(288,715)	(690,969)	(2,886,986)
Stock options
Shares
Stock options Outstanding at the beginning of the period (in shares)	14,427,103	15,277,189	18,162,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,068,818	0	247,592
Exercised (in shares)	(338,715)	(690,969)	(2,886,986)
Forfeited (in shares)	(8,377)	(153,822)	(230,509)
Expired (in shares)	(55,917)	(5,295)	(15,608)
Stock options Outstanding at the end of the period (in shares)	1,011,523	14,427,103	15,277,189
Weighted Average Exercise Price
Stock options Outstanding at the beginning of the period (in dollars per share)	$ 17.84	$ 17.90	$ 17.34
Granted (in dollars per share)	19.70	0	20.81
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	16.55	18	14.45
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	26.41	22.47	19.94
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	23.27	28.86	17.73
Stock options Outstanding at the end of the period (in dollars per share)	$ 19.71	$ 17.84	$ 17.90
Conversion of Stock, Shares Issued	(14,081,389)	0	0
Conversion Price	$ 17.85	$ 0	$ 0

STOCK-BASED COMPENSATION PLAN_4

STOCK-BASED COMPENSATION PLANS Weighted Average Remaining Contractual Term of Nonvested Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Stock Options Outstanding
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	1,011,523
Weighted Average Remaining Contractual Term (in years)	4 years 10 months
Weighted Average Exercise Price (in dollars per share)	$ 19.71
Intrinsic value	$ (3,636)
Stock Options Exercisable
Shares	961,783
Weighted Average Remaining Contractual Term (in years)	4 years 9 months
Weighted Average Exercise Price (in dollars per share)	$ 19.42
Exercisable, intrinsic value	$ (3,176)
Range of Exercise Prices, $8.00 - $12.00
Stock Options Exercisable
Exercise price range, lower range limit	$ 8
Exercise price range, upper range limit	$ 12
Range of Exercise Prices, $13.00 - $17.00
Stock Options Exercisable
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	773,642
Shares	773,642
Weighted Average Remaining Contractual Term (in years)	4 years 6 months 6 days
Weighted Average Exercise Price (in dollars per share)	$ 17.91
Stock Options Exercisable
Weighted Average Remaining Contractual Term (in years)	4 years 6 months 6 days
Weighted Average Exercise Price (in dollars per share)	$ 17.91
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	237,881
Weighted Average Remaining Contractual Term (in years)	5 years 10 months
Weighted Average Exercise Price (in dollars per share)	$ 25.58
Stock Options Exercisable
Shares	188,141
Weighted Average Remaining Contractual Term (in years)	5 years 8 months 15 days
Weighted Average Exercise Price (in dollars per share)	$ 25.64

STOCK-BASED COMPENSATION PLAN_5

STOCK-BASED COMPENSATION PLANS Restricted Stock Activity for Grant Year (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	2 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 7.8	$ 4.7	$ 2
Restricted Stock
Shares
Outstanding at the beginning of the year (in shares)	982,529	453,596	206,219
Granted (in shares)	667,831	771,960	329,326
Vested (in shares)	(319,763)	(174,806)	(71,570)
Canceled (in shares)	(136,959)	(68,221)	(10,379)
Outstanding at the end of the year (in shares)	733,576	982,529	453,596
Weighted Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)	$ 25.42	$ 27.16	$ 29.16
Granted (in dollars per share)	21.52	24.77	26.20
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	24.35	26.76	28.48
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	24.27	26.24	27.28
Outstanding at the end of the year (in dollars per share)	$ 22.67	$ 25.42	$ 27.16
Conversion of Stock, Shares Issued	(460,062)	0	0
Conversion Price	$ 25.22	$ 0	$ 0

STOCK-BASED COMPENSATION PLAN_6

STOCK-BASED COMPENSATION PLANS Weighted Average Estimated Values of Options Granted (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Required Disclosures
Risk-free interest rate (as a percent)	2.37%	2.45%	1.52%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	4.09%	3.47%	3.07%
Expected volatility (as a percent)	25.50%	40.00%	25.00%
Expected life	6 years 3 months	6 years 3 months	6 years 3 months

STOCK-BASED COMPENSATION PLAN_7

STOCK-BASED COMPENSATION PLANS Compensation Expense Related to Stock-based Compensation Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost	$ 21,500
Compensation expense	$ 47,656	$ 40,229	$ 35,926
Stock option grants, forfeitures, shares	(288,715)	(690,969)	(2,886,986)
Stock options
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	1,011,523	14,427,103	15,277,189	18,162,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 19.71	$ 17.84	$ 17.90	$ 17.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,068,818	0	247,592
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 19.70	$ 0	$ 20.81
Stock option grants, forfeitures, shares	(338,715)	(690,969)	(2,886,986)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 16.55	$ 18	$ 14.45
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(8,377)	(153,822)	(230,509)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 26.41	$ 22.47	$ 19.94
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	(55,917)	(5,295)	(15,608)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$ 23.27	$ 28.86	$ 17.73
LTIP Common Units [Member]
Stock-Based Compensation Plans
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	3,032,863	3,779,904	3,775,802	1,724,747
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 26.01	$ 27.29	$ 27.40	$ 29.32
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,387,289	122,547	2,089,917
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 22.51	$ 25.40	$ 25.84
Stock option grants, forfeitures, shares	(73,660)	(92,880)	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 28.95	$ 29.15	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	(856,467)	(25,565)	(38,862)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 25.85	$ 27.69	$ 28.95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	(1,204,203)	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$ 25.93	$ 0	$ 0
Property management and other costs | Stock options
Stock-Based Compensation Plans
Compensation expense	$ 236	$ 3,366	$ 5,833
Property management and other costs | Restricted Stock
Stock-Based Compensation Plans
Compensation expense	10,537	5,787	2,860
Property management and other costs | LTIP Common Units [Member]
Stock-Based Compensation Plans
Compensation expense	1,538	1,366	1,346
General and administrative | Stock options
Stock-Based Compensation Plans
Compensation expense	122	7,732	10,448
General and administrative | Restricted Stock
Stock-Based Compensation Plans
Compensation expense	12,514	3,357	635
General and administrative | LTIP Common Units [Member]
Stock-Based Compensation Plans
Compensation expense	$ 22,709	$ 18,621	$ 14,804

STOCK-BASED COMPENSATION PLAN_8

STOCK-BASED COMPENSATION PLANS Unrecognized Compensation Expense (Details) $ in Thousands	Dec. 31, 2018USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
2,017	$ 8,855
2,018	4,681
2,019	2,372
2,020	350
Unrecognized compensation expense	$ 16,258

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Trade receivables	$ 97,329	$ 109,968
Short-term tenant receivables	4,378	4,776
Straight-line rent receivable	137,387	233,630
Other accounts receivable	3,126	5,165
Total accounts receivable	242,220	353,539
Provision for doubtful accounts	19,658	19,458
Accounts receivable, net	$ 222,562	$ 334,081

NOTES RECEIVABLE Significant Co

NOTES RECEIVABLE Significant Components of Accounts and Notes Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Financing Receivable, Gross	$ 239,597	$ 404,129
Accrued Investment Income Receivable	17,340	13,429
Notes receivable	$ 256,937	$ 417,558

NOTES RECEIVABLE Narrative (Det

NOTES RECEIVABLE Narrative (Details) - USD ($) $ in Thousands	Jul. 12, 2017	May 23, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Sep. 19, 2017	Nov. 11, 2015	Sep. 17, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent			$ 80,000
Noncash or Part Noncash Acquisition, Interest Acquired			7.30%
Provision for loan loss			$ 0	$ 0	$ 29,615
730 5th Avenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent			204,300
730 5th Avenue Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent			$ 104,300
Note receivable interest rate stated			8.00%
Notes, Loans and Financing Receivable, Gross, Current			$ 183,800
730 5th Avenue Office
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent			$ 100,000
Note receivable interest rate stated			8.00%
GS Portfolio Holdings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent	$ 127,400
Note receivable interest rate stated	6.30%
AHC November 2015 Note [Member] | Ashkenazy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent							$ 57,600
Bayside May 2017 Note [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent		$ 19,100
Note receivable interest rate stated		12.20%
AHC September 2015 Note [Member] | Ashkenazy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes and loans receivable, noncurrent								$ 40,400
Consolidation, Eliminations | 218 West 57th Street
Accounts, Notes, Loans and Financing Receivable [Line Items]
Due to related parties						$ 53,000

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Intangible assets:
Gross Asset	$ 333,852	$ 642,289
Accumulated Amortization	(184,838)	(373,179)
Net Carrying Amount	149,014	269,110
Restricted Cash	51,674	67,335
Remaining prepaid expenses and other assets:
Security and escrow deposits	1,394	2,308
Prepaid expenses	39,816	54,987
Other Non Tenant Receivables	53,016	31,265
Deferred tax, net of valuation allowances	621,358	21,061	$ 6,943
Other	18,734	69,790
Total remaining prepaid expenses and other assets	164,634	225,685
Total prepaid expenses and other assets	313,648	494,795
Above-market tenant leases, net
Intangible assets:
Gross Asset	160,363	411,789
Accumulated Amortization	(125,152)	(313,228)
Net Carrying Amount	35,211	98,561
Below-market ground leases, net
Intangible assets:
Gross Asset	61,983	118,994
Accumulated Amortization	(8,293)	(14,870)
Net Carrying Amount	53,690	104,124
Real estate tax stabilization agreement, net
Intangible assets:
Gross Asset	111,506	111,506
Accumulated Amortization	(51,393)	(45,081)
Net Carrying Amount	$ 60,113	$ 66,425

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Intangible liabilities:
Gross Liability	$ 195,612	$ 363,206
Accumulated Accretion	(76,898)	(168,736)
Balance	118,714	194,470
Remaining accounts payable and accrued expenses:
Accrued interest	29,576	43,874
Accounts payable and accrued expenses	68,425	77,405
Accrued real estate taxes	59,877	78,213
Deferred gains/income	75,841	90,379
Accrued payroll and other employee liabilities	64,515	54,520
Construction payable	267,102	221,172
Tenant and other deposits	12,248	32,106
Insurance reserve liability	12,281	12,035
Capital lease obligations	5,385	5,385
Conditional asset retirement obligation liability	2,484	6,149
Other (1)	236,921	103,724
Total remaining accounts payable and accrued expenses	834,655	724,962
Total accounts payable and accrued expenses	953,369	919,432
Below-market tenant leases, net
Intangible liabilities:
Gross Liability	194,858	348,984
Accumulated Accretion	(76,825)	(162,228)
Balance	118,033	186,756
Above-market headquarters office leases, net
Intangible liabilities:
Gross Liability	0	4,342
Accumulated Accretion	0	(3,860)
Balance	0	482
Above-market ground leases, net
Intangible liabilities:
Gross Liability	754	9,880
Accumulated Accretion	(73)	(2,648)
Balance	$ 681	$ 7,232

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Net unrealized gains on financial instruments	$ 133	$ 116
Foreign currency translation	(82,786)	(72,022)
Accumulated other comprehensive loss	$ (82,653)	$ (71,906)

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Contractual Rent Expense [Abstract]
Contractual rent expense, including participation rent	$ 7,105	$ 8,561	$ 8,589
Contractual rent expense, including participation rent and excluding amortization of above and below-market ground leases and straight-line rent	5,083	6,304	$ 6,278
Long Term Debt and Ground Leases [Abstract]
2,017	701,141
2,018	901,408
2,019	2,893,997
2,020	1,455,889
2,021	3,177,698
Subsequent/ Other	4,189,284
Total	13,319,417
Mortgages, notes and loans payable
Long Term Debt and Ground Leases [Abstract]
2,017	419,708
2,018	809,880
2,019	2,883,611
2,020	1,445,297
2,021	3,166,904
Subsequent/ Other	3,864,249
Total	12,589,649
Retained debt-principal
Long Term Debt and Ground Leases [Abstract]
2,017	1,917
2,018	81,364
2,019	0
2,020	0
2,021	0
Subsequent/ Other	0
Total	83,281
Purchase obligations
Long Term Debt and Ground Leases [Abstract]
2,017	269,568
2,018	0
2,019	0
2,020	0
2,021	0
Subsequent/ Other	0
Total	269,568
Ground lease payments
Long Term Debt and Ground Leases [Abstract]
2,017	2,139
2,018	2,174
2,019	2,209
2,020	2,226
2,021	2,233
Subsequent/ Other	84,976
Total	95,957
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
Leasing Arrangement [Member]
Long Term Debt and Ground Leases [Abstract]
2,017	7,809
2,018	7,990
2,019	8,177
2,020	8,366
2,021	8,561
Subsequent/ Other	33,859
Total	$ 74,762
Uncertain Tax Position Liability [Member]
Long Term Debt and Ground Leases [Abstract]
2,017		0
2,018		0
2,019		0
2,020		0
2,021		0
Subsequent/ Other		0
Total		$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	Jan. 07, 2019	Mar. 30, 2018	Dec. 29, 2017	Oct. 04, 2016	Aug. 01, 2016	Jul. 29, 2016	Jul. 21, 2016	Dec. 31, 2018	Jan. 30, 2019	Dec. 31, 2017
SUBSEQUENT EVENTS
Ownership in investment properties by joint venture percentage				1.00%		50.00%		9.75%
Proceeds from Sale of Real Estate		$ 13,900	$ 16,600		$ 61,500	$ 1,250,000	$ 69,500
Notes receivable								$ 256,937		$ 417,558
Subsequent Event
SUBSEQUENT EVENTS
Ownership in investment properties by joint venture percentage	12.00%
Proceeds from Sale of Real Estate	$ 42,000
Notes receivable									$ 330,000
Note Receivable Interest Rate Effective Percentage									2.50%

QUARTERLY FINANCIAL INFORMATI_3

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Oct. 31, 2018	Aug. 28, 2018	May 03, 2018	Feb. 07, 2018	Oct. 31, 2017	Aug. 02, 2017	May 01, 2017	Jan. 30, 2017	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Aug. 27, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Total revenues									$ 413,575	$ 493,149	$ 583,144	$ 574,166	$ 627,375	$ 578,357	$ 555,796	$ 566,332		$ 2,064,034	$ 2,327,862	$ 2,346,446
Income from continuing operations									290,054	3,712,255	95,564	65,896	201,914	226,272	128,318	110,369
Net income attributable to Brookfield Property REIT Inc.									$ 249,616	$ 3,683,274	$ 93,615	$ 64,036	$ 201,531	$ 222,780	$ 125,863	$ 107,160	$ 3,805,423		$ 641,398	$ 1,272,432
Basic & Diluted Earnings Per Share (in dollars per share)									$ 0	$ 0	$ 0	$ 0						$ 0.63	$ 0	$ 0
Earnings Per Share:
Continuing operations (in dollars per share)									0	4.70	0.09	0.06	$ 0.21	$ 0.25	$ 0.14	$ 0.12
Diluted Earnings (Loss) Per Share:
Continuing operations (in dollars per share)									0	4.68	0.09	0.06	0.21	0.23	0.13	0.11
Dividends declared per share (in dollars per share)	$ 0.315	$ 0.315	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0	$ 0	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22	$ 0.22		$ 0	$ 0.88	$ 1.06
Weighted-average shares outstanding:
Basic (in shares)									0	777,208	958,387	957,450	942,766	878,663	882,255	884,505	914,066		897,156	884,029
Diluted (in shares)									0	781,030	960,195	960,293	954,947	940,184	945,325	949,516	917,897		947,559	952,333

SCHEDULE III - REAL ESTATE AN_2

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2014
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				$ 2,214,603	$ 3,188,481
Variable-rate debt				6,516,456	2,412,207
Acquisition Cost
Encumbrances (a)				12,795,849
Land				2,785,580
Buildings and Improvements				9,134,388
Costs Capitalized Subsequent to Acquisition
Land				(78,880)
Buildings and Improvements				2,216,386
Land				2,706,701	4,013,874
Gross Amounts at Which Carried at Close of Period
Total	$ 21,444,712	$ 19,409,217	$ 19,409,217	14,057,475	$ 21,444,712	$ 20,285,046
Aggregate Cost of land, buildings, and improvements for federal income tax purposes	11,900,000
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	14,057,475	21,444,712	19,409,217
Additions	818,570	2,428,887	958,651
Impairments	64,699	0	130,619
Dispositions, transfers and write-offs	8,141,108	393,392	1,703,861
Balance at end of period	21,444,712	19,409,217
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance at beginning of period	3,188,481	2,737,286	2,452,127
Depreciation expense	583,024	644,148	620,540
Dispositions, transfers and write-offs	1,556,902	192,953	335,381
Balance at end of period	2,214,603	$ 3,188,481	$ 2,737,286
Buildings and equipment				11,350,774
200 LaFayette
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				4,806
Acquisition Cost
Encumbrances (a)				26,635
Land				29,750
Buildings and Improvements				90,674
Costs Capitalized Subsequent to Acquisition
Land				(9,678)
Buildings and Improvements				(55,693)
Land				20,072
Gross Amounts at Which Carried at Close of Period
Total	55,053			55,053
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	55,053
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				34,981
218 W 57th Street
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				1,053
Acquisition Cost
Encumbrances (a)				53,000
Land				66,978
Buildings and Improvements				37,022
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				1,011
Land				66,978
Gross Amounts at Which Carried at Close of Period
Total	105,011			105,011
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	105,011
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				38,033
530 5th Avenue
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				6,064
Acquisition Cost
Encumbrances (a)				147,615
Land				289,494
Buildings and Improvements				99,481
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				25,051
Land				289,494
Gross Amounts at Which Carried at Close of Period
Total	414,026			414,026
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	414,026
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				124,532
605 North Michigan Avenue
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				6,494
Acquisition Cost
Encumbrances (a)				79,863
Land				50,980
Buildings and Improvements				90,634
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				2,831
Land				50,980
Gross Amounts at Which Carried at Close of Period
Total	144,445			144,445
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	144,445
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				93,465
685 Fifth Avenue
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				10,114
Acquisition Cost
Encumbrances (a)				272,914
Land				549,756
Buildings and Improvements				117,780
Costs Capitalized Subsequent to Acquisition
Land				(98,073)
Buildings and Improvements				(20,152)
Land				451,683
Gross Amounts at Which Carried at Close of Period
Total	549,311			549,311
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	549,311
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				97,628
830 North Michigan Avenue
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				20,819
Acquisition Cost
Encumbrances (a)				84,842
Land				33,200
Buildings and Improvements				123,553
Costs Capitalized Subsequent to Acquisition
Land				15,298
Buildings and Improvements				9,102
Land				48,498
Gross Amounts at Which Carried at Close of Period
Total	181,153			181,153
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	181,153
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				132,655
Beachwood Place
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				47,127
Acquisition Cost
Encumbrances (a)				212,669
Land				59,156
Buildings and Improvements				196,205
Costs Capitalized Subsequent to Acquisition
Land				7,354
Buildings and Improvements				48,899
Land				66,510
Gross Amounts at Which Carried at Close of Period
Total	311,614			311,614
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	311,614
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				245,104
Bellis Fair
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				31,781
Acquisition Cost
Encumbrances (a)				83,162
Land				14,122
Buildings and Improvements				102,033
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				33,087
Land				14,122
Gross Amounts at Which Carried at Close of Period
Total	149,242			149,242
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	149,242
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				135,120
Brass Mill Center
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				30,057
Acquisition Cost
Encumbrances (a)				65,309
Land				31,496
Buildings and Improvements				99,107
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				14,025
Land				31,496
Gross Amounts at Which Carried at Close of Period
Total	144,628			144,628
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	144,628
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				113,132
Coastland Center
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				35,915
Acquisition Cost
Encumbrances (a)				114,027
Land				24,470
Buildings and Improvements				166,038
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				4,028
Land				24,470
Gross Amounts at Which Carried at Close of Period
Total	194,536			194,536
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	194,536
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				170,066
Columbia Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				21,813
Acquisition Cost
Encumbrances (a)				53,145
Land				7,943
Buildings and Improvements				107,969
Costs Capitalized Subsequent to Acquisition
Land				(154)
Buildings and Improvements				(722)
Land				7,789
Gross Amounts at Which Carried at Close of Period
Total	115,036			115,036
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	115,036
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				107,247
Coral Ridge Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				33,832
Acquisition Cost
Encumbrances (a)				106,915
Land				20,178
Buildings and Improvements				134,515
Costs Capitalized Subsequent to Acquisition
Land				2,219
Buildings and Improvements				26,405
Land				22,397
Gross Amounts at Which Carried at Close of Period
Total	183,317			183,317
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	183,317
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				160,920
Crossroads Center
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				24,442
Acquisition Cost
Encumbrances (a)				94,316
Land				15,499
Buildings and Improvements				103,077
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				8,179
Land				15,499
Gross Amounts at Which Carried at Close of Period
Total	126,755			126,755
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	126,755
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				111,256
Deerbrook Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				32,071
Acquisition Cost
Encumbrances (a)				134,970
Land				36,761
Buildings and Improvements				133,448
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				20,313
Land				36,761
Gross Amounts at Which Carried at Close of Period
Total	190,522			190,522
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	190,522
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				153,761
Eastridge Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				18,158
Acquisition Cost
Encumbrances (a)				42,477
Land				5,484
Buildings and Improvements				36,756
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				8,682
Land				5,484
Gross Amounts at Which Carried at Close of Period
Total	50,922			50,922
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	50,922
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				45,438
Four Seasons Town Centre
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				48,708
Acquisition Cost
Encumbrances (a)				30,628
Land				17,259
Buildings and Improvements				126,570
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				17,102
Land				17,259
Gross Amounts at Which Carried at Close of Period
Total	160,931			160,931
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	160,931
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				143,672
Fox River Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				45,907
Acquisition Cost
Encumbrances (a)				165,355
Land				42,259
Buildings and Improvements				217,932
Costs Capitalized Subsequent to Acquisition
Land				(103)
Buildings and Improvements				7,561
Land				42,156
Gross Amounts at Which Carried at Close of Period
Total	267,649			267,649
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	267,649
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				225,493
Grand Teton Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				13,770
Acquisition Cost
Encumbrances (a)				44,601
Land				13,066
Buildings and Improvements				59,658
Costs Capitalized Subsequent to Acquisition
Land				(1,073)
Buildings and Improvements				(3,854)
Land				11,993
Gross Amounts at Which Carried at Close of Period
Total	67,797			67,797
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	67,797
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				55,804
Greenwood Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				25,998
Acquisition Cost
Encumbrances (a)				61,440
Land				12,459
Buildings and Improvements				85,370
Costs Capitalized Subsequent to Acquisition
Land				1,417
Buildings and Improvements				6,208
Land				13,876
Gross Amounts at Which Carried at Close of Period
Total	105,454			105,454
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	105,454
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				91,578
Hulen Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				29,341
Acquisition Cost
Encumbrances (a)				88,932
Land				8,665
Buildings and Improvements				112,252
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				29,210
Land				8,665
Gross Amounts at Which Carried at Close of Period
Total	150,127			150,127
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	150,127
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				141,462
Jordan Creek Town Center
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				57,676
Acquisition Cost
Encumbrances (a)				201,023
Land				54,663
Buildings and Improvements				262,608
Costs Capitalized Subsequent to Acquisition
Land				6,042
Buildings and Improvements				24,730
Land				60,705
Gross Amounts at Which Carried at Close of Period
Total	348,043			348,043
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	348,043
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				287,338
Mall St. Matthews
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				68,154
Acquisition Cost
Encumbrances (a)				323,971
Land				88,742
Buildings and Improvements				319,097
Costs Capitalized Subsequent to Acquisition
Land				(141)
Buildings and Improvements				10,100
Land				88,601
Gross Amounts at Which Carried at Close of Period
Total	417,798			417,798
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	417,798
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				329,197
Mall St Matthews [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				37,836
Acquisition Cost
Encumbrances (a)				176,282
Land				42,014
Buildings and Improvements				155,809
Costs Capitalized Subsequent to Acquisition
Land				(6,522)
Buildings and Improvements				20,994
Land				35,492
Gross Amounts at Which Carried at Close of Period
Total	212,295			212,295
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	212,295
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				176,803
Meadows Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				81,801
Acquisition Cost
Encumbrances (a)				341,409
Land				84,473
Buildings and Improvements				352,140
Costs Capitalized Subsequent to Acquisition
Land				(1,950)
Buildings and Improvements				47,655
Land				82,523
Gross Amounts at Which Carried at Close of Period
Total	482,318			482,318
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	482,318
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				399,795
Mondawmin Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				29,257
Acquisition Cost
Encumbrances (a)				141,635
Land				30,275
Buildings and Improvements				136,846
Costs Capitalized Subsequent to Acquisition
Land				(1,574)
Buildings and Improvements				3,190
Land				28,701
Gross Amounts at Which Carried at Close of Period
Total	168,737			168,737
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	168,737
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				140,036
Neshaminy Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				22,477
Acquisition Cost
Encumbrances (a)				83,644
Land				19,707
Buildings and Improvements				63,348
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				23,302
Land				19,707
Gross Amounts at Which Carried at Close of Period
Total	106,357			106,357
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	106,357
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				86,650
Neshaminy Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				7,905
Acquisition Cost
Encumbrances (a)				411
Land				11,615
Buildings and Improvements				48,224
Costs Capitalized Subsequent to Acquisition
Land				4,401
Buildings and Improvements				15,919
Land				16,016
Gross Amounts at Which Carried at Close of Period
Total	80,159			80,159
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	80,159
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				64,143
North Star Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				54,239
Acquisition Cost
Encumbrances (a)				249,707
Land				57,900
Buildings and Improvements				228,517
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				11,446
Land				57,900
Gross Amounts at Which Carried at Close of Period
Total	297,863			297,863
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	297,863
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				239,963
North Star Mall [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				84,364
Acquisition Cost
Encumbrances (a)				298,284
Land				91,135
Buildings and Improvements				392,422
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				18,511
Land				91,135
Gross Amounts at Which Carried at Close of Period
Total	502,068			502,068
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	502,068
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				410,933
North Town Mall [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				31,553
Acquisition Cost
Encumbrances (a)				84,954
Land				12,310
Buildings and Improvements				108,857
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				31,679
Land				12,310
Gross Amounts at Which Carried at Close of Period
Total	152,846			152,846
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	152,846
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				140,536
Oakwood Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				25,958
Acquisition Cost
Encumbrances (a)				85,219
Land				21,105
Buildings and Improvements				74,228
Costs Capitalized Subsequent to Acquisition
Land				4,309
Buildings and Improvements				28,209
Land				25,414
Gross Amounts at Which Carried at Close of Period
Total	127,851			127,851
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	127,851
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				102,437
Oakwood Mall [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				21,710
Acquisition Cost
Encumbrances (a)				69,662
Land				13,786
Buildings and Improvements				92,114
Costs Capitalized Subsequent to Acquisition
Land				204
Buildings and Improvements				5,046
Land				13,990
Gross Amounts at Which Carried at Close of Period
Total	111,150			111,150
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	111,150
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				97,160
Paramus Park
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				28,465
Acquisition Cost
Encumbrances (a)				83,817
Land				0
Buildings and Improvements				117,814
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				15,546
Land				0
Gross Amounts at Which Carried at Close of Period
Total	133,360			133,360
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	133,360
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				133,360
Park City Center
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				28,109
Acquisition Cost
Encumbrances (a)				119,626
Land				31,320
Buildings and Improvements				102,054
Costs Capitalized Subsequent to Acquisition
Land				5,563
Buildings and Improvements				52,275
Land				36,883
Gross Amounts at Which Carried at Close of Period
Total	191,212			191,212
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	191,212
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				154,329
Park City Center [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				39,431
Acquisition Cost
Encumbrances (a)				173,813
Land				42,451
Buildings and Improvements				195,409
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				3,772
Land				42,451
Gross Amounts at Which Carried at Close of Period
Total	241,632			241,632
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	241,632
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				199,181
Pecanland Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				21,810
Acquisition Cost
Encumbrances (a)				75,151
Land				13,855
Buildings and Improvements				92,143
Costs Capitalized Subsequent to Acquisition
Land				734
Buildings and Improvements				9,022
Land				14,589
Gross Amounts at Which Carried at Close of Period
Total	115,754			115,754
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	115,754
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				101,165
Pecanland Mall [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				20,603
Acquisition Cost
Encumbrances (a)				83,643
Land				12,943
Buildings and Improvements				73,231
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				10,749
Land				12,943
Gross Amounts at Which Carried at Close of Period
Total	96,923			96,923
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	96,923
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				83,980
Prince Kuhio Plaza
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				43,247
Acquisition Cost
Encumbrances (a)				124,776
Land				21,462
Buildings and Improvements				97,096
Costs Capitalized Subsequent to Acquisition
Land				(3,890)
Buildings and Improvements				115,032
Land				17,572
Gross Amounts at Which Carried at Close of Period
Total	229,700			229,700
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	229,700
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				212,128
Providence Place
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				25,421
Acquisition Cost
Encumbrances (a)				40,391
Land				0
Buildings and Improvements				52,373
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				24,344
Land				0
Gross Amounts at Which Carried at Close of Period
Total	76,717			76,717
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	76,717
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				76,717
Providence Place [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				91,683
Acquisition Cost
Encumbrances (a)				369,763
Land				0
Buildings and Improvements				400,893
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				78,232
Land				0
Gross Amounts at Which Carried at Close of Period
Total	479,125			479,125
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	479,125
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				479,125
Quail Springs Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				29,370
Acquisition Cost
Encumbrances (a)				68,959
Land				40,523
Buildings and Improvements				149,571
Costs Capitalized Subsequent to Acquisition
Land				(24)
Buildings and Improvements				16,288
Land				40,499
Gross Amounts at Which Carried at Close of Period
Total	206,358			206,358
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	206,358
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				165,859
Sooner Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				21,270
Acquisition Cost
Encumbrances (a)				69,703
Land				16,207
Buildings and Improvements				85,608
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				13,140
Land				16,207
Gross Amounts at Which Carried at Close of Period
Total	114,955			114,955
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	114,955
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				98,748
Rivertown Crossings
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				41,935
Acquisition Cost
Encumbrances (a)				137,916
Land				47,790
Buildings and Improvements				181,770
Costs Capitalized Subsequent to Acquisition
Land				(504)
Buildings and Improvements				11,286
Land				47,286
Gross Amounts at Which Carried at Close of Period
Total	240,342			240,342
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	240,342
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				193,056
Sooner Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				15,989
Acquisition Cost
Encumbrances (a)				70,561
Land				9,902
Buildings and Improvements				69,570
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				2,956
Land				9,902
Gross Amounts at Which Carried at Close of Period
Total	82,428			82,428
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	82,428
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				72,526
Southwest Plaza
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				58,263
Acquisition Cost
Encumbrances (a)				113,414
Land				19,024
Buildings and Improvements				203,044
Costs Capitalized Subsequent to Acquisition
Land				(16)
Buildings and Improvements				(12,524)
Land				19,008
Gross Amounts at Which Carried at Close of Period
Total	209,528			209,528
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	209,528
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				190,520
Spokane Valley Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				24,320
Acquisition Cost
Encumbrances (a)				55,643
Land				16,817
Buildings and Improvements				100,209
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				(7,874)
Land				16,817
Gross Amounts at Which Carried at Close of Period
Total	109,152			109,152
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	109,152
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				92,335
Staten Island Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				83,703
Acquisition Cost
Encumbrances (a)				240,010
Land				102,227
Buildings and Improvements				375,612
Costs Capitalized Subsequent to Acquisition
Land				11,118
Buildings and Improvements				216,340
Land				113,345
Gross Amounts at Which Carried at Close of Period
Total	705,297			705,297
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	705,297
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				591,952
The Streets at SouthPoint
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				31,177
Acquisition Cost
Encumbrances (a)				115,818
Land				35,180
Buildings and Improvements				146,474
Costs Capitalized Subsequent to Acquisition
Land				(280)
Buildings and Improvements				6,228
Land				34,900
Gross Amounts at Which Carried at Close of Period
Total	187,602			187,602
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	187,602
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				152,702
The Streets at South Point [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				54,126
Acquisition Cost
Encumbrances (a)				238,444
Land				66,045
Buildings and Improvements				242,189
Costs Capitalized Subsequent to Acquisition
Land				(74)
Buildings and Improvements				12,418
Land				65,971
Gross Amounts at Which Carried at Close of Period
Total	320,578			320,578
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	320,578
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				254,607
Tysons Galleria
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				83,441
Acquisition Cost
Encumbrances (a)				296,788
Land				84,889
Buildings and Improvements				349,315
Costs Capitalized Subsequent to Acquisition
Land				2,315
Buildings and Improvements				50,103
Land				87,204
Gross Amounts at Which Carried at Close of Period
Total	486,622			486,622
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	486,622
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				399,418
Valley Plaza Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				38,637
Acquisition Cost
Encumbrances (a)				160,114
Land				9,928
Buildings and Improvements				168,555
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				21,747
Land				9,928
Gross Amounts at Which Carried at Close of Period
Total	200,230			200,230
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	200,230
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				190,302
Visalia Mall
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				17,745
Acquisition Cost
Encumbrances (a)				73,974
Land				11,912
Buildings and Improvements				80,185
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				4,555
Land				11,912
Gross Amounts at Which Carried at Close of Period
Total	96,652			96,652
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	96,652
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				84,740
Westlake Center [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				17,342
Acquisition Cost
Encumbrances (a)				45,729
Land				19,055
Buildings and Improvements				129,295
Costs Capitalized Subsequent to Acquisition
Land				(14,819)
Buildings and Improvements				(60,668)
Land				4,236
Gross Amounts at Which Carried at Close of Period
Total	72,863			72,863
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	72,863
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				68,627
Westlake Center
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				75,800
Acquisition Cost
Encumbrances (a)				293,377
Land				90,317
Buildings and Improvements				351,005
Costs Capitalized Subsequent to Acquisition
Land				(105)
Buildings and Improvements				89,241
Land				90,212
Gross Amounts at Which Carried at Close of Period
Total	530,458			530,458
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	530,458
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				440,246
Valley Plaza Mall [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				46,937
Acquisition Cost
Encumbrances (a)				236,676
Land				38,964
Buildings and Improvements				211,930
Costs Capitalized Subsequent to Acquisition
Land				6,763
Buildings and Improvements				47,838
Land				45,727
Gross Amounts at Which Carried at Close of Period
Total	305,495			305,495
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	305,495
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				259,768
Willowbrook
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				94,608
Acquisition Cost
Encumbrances (a)				359,555
Land				110,660
Buildings and Improvements				419,822
Costs Capitalized Subsequent to Acquisition
Land				0
Buildings and Improvements				34,769
Land				110,660
Gross Amounts at Which Carried at Close of Period
Total	565,251			565,251
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	565,251
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				454,591
Construction in progress and other (e)
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				125,152
Acquisition Cost
Encumbrances (a)				4,949,781
Land				21,447
Buildings and Improvements				61,894
Costs Capitalized Subsequent to Acquisition
Land				(5,951)
Buildings and Improvements				988,253
Land				15,497
Gross Amounts at Which Carried at Close of Period
Total	1,065,644			1,065,644
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	1,065,644
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				1,050,147
Stonestown Galleria [Member]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Real Estate Investment Property, Accumulated Depreciation				44,817
Acquisition Cost
Encumbrances (a)				179,391
Land				65,962
Buildings and Improvements				203,043
Costs Capitalized Subsequent to Acquisition
Land				(1,686)
Buildings and Improvements				51,264
Land				64,276
Gross Amounts at Which Carried at Close of Period
Total	318,583			318,583
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of period	$ 318,583
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Buildings and equipment				254,307
Debt instrument cross collateralized | Secured debt
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Variable-rate debt				$ 1,400,000
Minimum | 200 LaFayette | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | 200 LaFayette | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | 218 W 57th Street | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | 218 W 57th Street | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | 530 5th Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | 530 5th Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | 605 North Michigan Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | 605 North Michigan Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | 685 Fifth Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | 685 Fifth Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | 830 North Michigan Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | 830 North Michigan Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Beachwood Place | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Beachwood Place | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Bellis Fair | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Bellis Fair | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Brass Mill Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Brass Mill Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Coastland Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Coastland Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Columbia Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Columbia Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Coral Ridge Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Coral Ridge Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Crossroads Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Crossroads Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Deerbrook Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Deerbrook Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Eastridge Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Eastridge Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Four Seasons Town Centre | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Four Seasons Town Centre | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Fox River Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Fox River Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Grand Teton Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Grand Teton Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Greenwood Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Greenwood Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Hulen Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Hulen Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Jordan Creek Town Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Jordan Creek Town Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Mall St. Matthews | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Mall St. Matthews | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Mall St Matthews [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Mall St Matthews [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Meadows Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Meadows Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Mondawmin Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Mondawmin Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Neshaminy Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Neshaminy Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Neshaminy Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Neshaminy Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | North Star Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | North Star Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | North Star Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | North Star Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | NorthTown Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | NorthTown Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | North Town Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | North Town Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Oakwood Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Oakwood Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Oakwood Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Oakwood Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Paramus Park | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Paramus Park | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Park City Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Park City Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Park City Center [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Park City Center [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Pecanland Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Pecanland Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Pecanland Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Pecanland Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Pioneer Place | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Pioneer Place | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Prince Kuhio Plaza | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Prince Kuhio Plaza | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Providence Place | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Providence Place | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Providence Place [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Providence Place [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Quail Springs Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Quail Springs Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Sooner Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Sooner Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Rivertown Crossings | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Rivertown Crossings | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Sooner Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Sooner Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Southwest Plaza | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Southwest Plaza | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Spokane Valley Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Spokane Valley Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Staten Island Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Staten Island Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | The Streets at SouthPoint | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | The Streets at SouthPoint | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | The Streets at South Point [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | The Streets at South Point [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Tysons Galleria | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Tysons Galleria | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Valley Plaza Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Valley Plaza Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Visalia Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Visalia Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Westlake Center [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Westlake Center [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Westlake Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Westlake Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Valley Plaza Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Valley Plaza Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Willowbrook | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Willowbrook | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Construction in progress and other (e) | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Construction in progress and other (e) | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | Stonestown Galleria [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | Stonestown Galleria [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Minimum | The Mall in Columbia [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	10 years
Minimum | The Mall in Columbia [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	3 years
Maximum | 200 LaFayette | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | 200 LaFayette | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | 218 W 57th Street | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | 218 W 57th Street | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | 530 5th Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | 530 5th Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | 605 North Michigan Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | 605 North Michigan Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | 685 Fifth Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | 685 Fifth Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | 830 North Michigan Avenue | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | 830 North Michigan Avenue | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Beachwood Place | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Beachwood Place | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Bellis Fair | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Bellis Fair | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Brass Mill Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Brass Mill Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Coastland Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Coastland Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Columbia Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Columbia Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Coral Ridge Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Coral Ridge Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Crossroads Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Crossroads Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Deerbrook Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Deerbrook Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Eastridge Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Eastridge Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Four Seasons Town Centre | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Four Seasons Town Centre | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Fox River Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Fox River Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Grand Teton Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Grand Teton Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Greenwood Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Greenwood Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Hulen Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Hulen Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Jordan Creek Town Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Jordan Creek Town Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Mall St. Matthews | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Mall St. Matthews | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Mall St Matthews [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Mall St Matthews [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Meadows Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Meadows Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Mondawmin Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Mondawmin Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Neshaminy Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Neshaminy Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Neshaminy Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Neshaminy Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | North Star Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | North Star Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | North Star Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | North Star Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | NorthTown Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | NorthTown Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | North Town Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | North Town Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Oakwood Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Oakwood Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Oakwood Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Oakwood Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Paramus Park | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Paramus Park | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Park City Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Park City Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Park City Center [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Park City Center [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Pecanland Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Pecanland Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Pecanland Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Pecanland Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Pioneer Place | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Pioneer Place | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Prince Kuhio Plaza | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Prince Kuhio Plaza | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Providence Place | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Providence Place | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Providence Place [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Providence Place [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Quail Springs Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Quail Springs Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Sooner Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Sooner Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Rivertown Crossings | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Rivertown Crossings | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Sooner Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Sooner Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Southwest Plaza | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Southwest Plaza | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Spokane Valley Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Spokane Valley Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Staten Island Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Staten Island Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | The Streets at SouthPoint | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | The Streets at SouthPoint | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | The Streets at South Point [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | The Streets at South Point [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Tysons Galleria | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Tysons Galleria | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Valley Plaza Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Valley Plaza Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Visalia Mall | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Visalia Mall | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Westlake Center [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Westlake Center [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Westlake Center | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Westlake Center | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Valley Plaza Mall [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Valley Plaza Mall [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Willowbrook | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Willowbrook | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Construction in progress and other (e) | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Construction in progress and other (e) | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | Stonestown Galleria [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | Stonestown Galleria [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years
Maximum | The Mall in Columbia [Member] | Buildings and improvements
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	45 years
Maximum | The Mall in Columbia [Member] | Equipment and fixtures
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
Life Upon Which Latest Statement of Operation is Computed	20 years

SCHEDULE III - REAL ESTATE AN_3

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details 2)	12 Months Ended
	Dec. 31, 2018
Spokane Valley Mall | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Spokane Valley Mall | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Spokane Valley Mall | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Spokane Valley Mall | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Neshaminy Mall | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Neshaminy Mall | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Neshaminy Mall | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Neshaminy Mall | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
Southwest Plaza | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
Southwest Plaza | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
Southwest Plaza | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
Southwest Plaza | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
685 Fifth Avenue | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
685 Fifth Avenue | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
685 Fifth Avenue | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
685 Fifth Avenue | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
200 LaFayette | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
200 LaFayette | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
200 LaFayette | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
200 LaFayette | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
605 North Michigan Avenue | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
605 North Michigan Avenue | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
605 North Michigan Avenue | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
605 North Michigan Avenue | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
530 5th Avenue | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
530 5th Avenue | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
530 5th Avenue | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
530 5th Avenue | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years
830 North Michigan Avenue | Minimum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	3 years
830 North Michigan Avenue | Minimum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	10 years
830 North Michigan Avenue | Maximum | Equipment and fixtures
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	20 years
830 North Michigan Avenue | Maximum | Buildings and improvements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Latest Statement of Operation is Computed	45 years