ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Abstract]
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
Accounts payable and accrued expenses	$ 45,017	$ 37,104