ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2011

ACCOUNTS PAYABLE AND ACCRUED EXPENSES [Abstract]

Accounts Payable and Accrued Expenses

A summary of the Company's Accounts Payable and Accrued Expenses follows:

	June 30, 2011		December 31, 2010
	(In thousands)
Property taxes payable	$	11,297		9,776
Interest payable		2,703		2,625
Dividends payable on nonvested restricted stock		1,170		791
Development costs payable		1,376		673
Other payables and accrued expenses		4,235		7,104
	$	20,781		20,969