ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Accounts Payable and Accrued Liabilities [Abstract]
Property taxes payable		$ 12,476	$ 12,081
Development costs payable		18,412	9,699
Property capital expenditures payable		4,443	3,957
Interest payable		4,899	3,744
Dividends payable on unvested restricted stock		1,017	1,365
Book Overdraft	[1]	1,658	20,902
Other payables and accrued expenses		3,925	13,219
Accounts payable and accrued expenses		$ 46,830	$ 64,967

[1] Represents checks written before the end of the period which have not cleared the bank; therefore, the bank has not yet advanced cash to the Company. When the checks clear the bank, they will be funded through the Company's working cash line of credit.