ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Abstract]
Property taxes payable	$ 15,688	$ 15,216
Development costs payable	7,773	7,920
Interest payable	3,192	3,500
Dividends payable on unvested restricted stock	1,845	2,096
Other payables and accrued expenses	6,668	10,707
Accounts payable and accrued expenses	$ 35,166	$ 39,439