ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2014

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:

	March 31, 2014		December 31, 2013
	(In thousands)
Property taxes payable	$	8,410	15,507
Development costs payable	11,092		7,679
Interest payable	2,644		3,658
Dividends payable on unvested restricted stock	1,660		1,928
Other payables and accrued expenses	4,355		8,332
Total Accounts Payable and Accrued Expenses	$	28,161	37,104