ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

3 Months Ended

Mar. 31, 2015

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	March 31, 2015		December 31, 2014
	(In thousands)
Property taxes payable	$	9,611	15,216
Development costs payable	5,663		7,920
Interest payable	2,291		3,500
Dividends payable on unvested restricted stock	1,682		2,096
Other payables and accrued expenses	7,028		10,707
Total Accounts Payable and Accrued Expenses	$	26,275	39,439