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WARRANT LIABILITY (Details 2) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended 6 Months Ended
Jun. 30, 2012
Y
Dec. 31, 2011
Y
Jun. 30, 2012
Minimum
Dec. 31, 2011
Minimum
Jun. 30, 2012
Maximum
Dec. 31, 2011
Maximum
Jun. 30, 2012
Fair Value Measurements, Recurring
Significant Unobservable Inputs (Level 3)
Jun. 30, 2011
Fair Value Measurements, Recurring
Significant Unobservable Inputs (Level 3)
Fair Value of Warrant Liability                
Balance at the beginning of the period             $ 985,962 $ 1,041,004
Warrant liability adjustment             289,700 18,321
Balance at the end of the period             1,275,662 1,059,325
Estimated fair value of Warrants and significant assumptions used in valuation                
Warrant liability $ 1,275,662 $ 985,962            
Observable Inputs                
GGP stock price per share $ 18.09 $ 15.02            
Warrant term (in years) 5.36 5.86            
Unobservable Inputs                
Expected volatility (as a percent) 34.00% 37.00% 20.00% 20.00% 65.00% 65.00%    
Discount for lack of marketability (as a percent) 3.00% 3.00% 3.00% 3.00% 7.00% 7.00%