ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2017

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

A summary of the Company’s Accounts payable and accrued expenses follows:

	March 31, 2017		December 31, 2016
	(In thousands)
Property taxes payable	$	11,043	14,186
Development costs payable	14,997		9,844
Property capital expenditures payable	4,582		2,304
Interest payable	4,481		3,822
Dividends payable on unvested restricted stock	954		1,530
Book overdraft (1)	2,015		14,452
Other payables and accrued expenses	5,658		6,563
Total Accounts payable and accrued expenses	$	43,730	52,701

⁽¹⁾ Represents unfunded outstanding checks for which the bank has not advanced cash to the Company.