ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2013

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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

	June 30, 2013		December 31, 2012
	(In thousands)
Property taxes payable	$	12,901	12,107
Development costs payable	10,140		7,170
Interest payable	2,660		2,615
Dividends payable on unvested restricted stock	1,588		1,191
Other payables and accrued expenses	8,061		5,831
Total Accounts Payable and Accrued Expenses	$	35,350	28,914