ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Mar. 31, 2013

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	March 31, 2013		December 31, 2012
	(In thousands)
Property taxes payable	$	6,699	12,107
Development costs payable	7,643		7,170
Interest payable	2,661		2,615
Dividends payable on unvested restricted stock	1,443		1,191
Other payables and accrued expenses	5,493		5,831
Total Accounts Payable and Accrued Expenses	$	23,939	28,914