ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 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:

	December 31,
	2015		2014
	(In thousands)
Property taxes payable	$	16,055	15,216
Development costs payable	6,215		7,920
Property capital expenditures payable	2,818		1,554
Interest payable	3,704		3,500
Dividends payable on unvested restricted stock	2,157		2,096
Other payables and accrued expenses	13,232		9,153
Total Accounts Payable and Accrued Expenses	$	44,181	39,439