ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Abstract]
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
Bank Overdrafts	[1]	2,015	14,452
Other payables and accrued expenses		5,658	6,563
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.