ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 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:

	December 31,
	2013		2012
	(In thousands)
Property taxes payable	$	15,507	12,107
Development costs payable	7,679		7,170
Interest payable	3,658		2,615
Dividends payable on unvested restricted stock	1,928		1,191
Other payables and accrued expenses	8,332		5,831
Total Accounts Payable and Accrued Expenses	$	37,104	28,914