ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

9 Months Ended

Sep. 30, 2017

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	September 30, 2017		December 31, 2016
	(In thousands)
Property taxes payable	$	31,408	14,186
Development costs payable	11,876		9,844
Property capital expenditures payable	3,924		2,304
Interest payable	4,329		3,822
Dividends payable on unvested restricted stock	1,237		1,530
Book overdraft (1)	7,565		14,452
Other payables and accrued expenses	6,491		6,563
Total Accounts payable and accrued expenses	$	66,830	52,701

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