ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

9 Months Ended

Sep. 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:

	September 30, 2011	December 31, 2010
	(In thousands)
Property taxes payable	$              17,859	9,776
Interest payable	2,685	2,625
Dividends payable on nonvested restricted stock	1,292	791
Development costs payable	2,986	673
Other payables and accrued expenses	5,582	7,104
	$             30,404	20,969