ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

9 Months Ended

Sep. 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:

	September 30, 2014		December 31, 2013
	(In thousands)
Property taxes payable	$	22,939	15,507
Development costs payable	15,162		7,679
Interest payable	2,626		3,658
Dividends payable on unvested restricted stock	1,949		1,928
Other payables and accrued expenses	10,028		8,332
Total Accounts Payable and Accrued Expenses	$	52,704	37,104