ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2014

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	June 30, 2014		December 31, 2013
	(In thousands)
Property taxes payable	$	14,870	15,507
Development costs payable	19,755		7,679
Interest payable	3,594		3,658
Dividends payable on unvested restricted stock	1,807		1,928
Other payables and accrued expenses	4,991		8,332
Total Accounts Payable and Accrued Expenses	$	45,017	37,104