ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	December 31,
	2014		2013
	(In thousands)
Property taxes payable	$	15,216	15,507
Development costs payable	7,920		7,679
Interest payable	3,500		3,658
Dividends payable on unvested restricted stock	2,096		1,928
Other payables and accrued expenses	10,707		8,332
Total Accounts Payable and Accrued Expenses	$	39,439	37,104