ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Summary of Accounts Payable and Accrued Expenses

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

	December 31,
	2017		2016
	(In thousands)
Property taxes payable	$	12,081	14,186
Development costs payable	9,699		9,844
Real estate improvements and capitalized leasing costs payable	3,957		2,304
Interest payable	3,744		3,822
Dividends payable on unvested restricted stock	1,365		1,530
Book overdraft (1)	20,902		14,452
Other payables and accrued expenses	13,219		6,563
Total Accounts payable and accrued expenses	$	64,967	52,701

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