ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Abstract]
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
Accounts payable and accrued expenses	$ 52,704	$ 37,104