ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Jun. 30, 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:

	June 30, 2017		December 31, 2016
	(In thousands)
Property taxes payable	$	20,499	14,186
Development costs payable	12,670		9,844
Property capital expenditures payable	4,086		2,304
Interest payable	3,746		3,822
Dividends payable on unvested restricted stock	1,110		1,530
Book overdraft (1)	2,329		14,452
Other payables and accrued expenses	4,460		6,563
Total Accounts payable and accrued expenses	$	48,900	52,701

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