ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Abstract]
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
Accounts payable and accrued expenses	$ 28,161	$ 37,104