ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Property taxes payable		$ 14,186	$ 16,055
Development costs payable		9,844	6,215
Property capital expenditures payable		2,304	2,818
Interest payable		3,822	3,704
Dividends payable on unvested restricted stock		1,530	2,157
Bank Overdrafts	[1]	14,452	7,215
Other payables and accrued expenses		6,563	6,017
Accounts payable and accrued expenses		$ 52,701	$ 44,181

[1] (1) Represents unfunded outstanding checks for which the bank has not advanced cash to the Company. See Note 1(p).