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REAL ESTATE PROPERTIES (Tables)
 9 Months Ended
Sep. 30, 2018
Real Estate Investment Property, Net [Abstract]  
Schedule of Real Estate Properties
The Company’s Real estate properties and Development and value-add properties at September 30, 2018 and December 31, 2017 were as follows:
 
September 30,
2018
 
December 31,
2017
 
(In thousands)
Real estate properties:
 
 
 
   Land                                                                  
$
376,658

 
345,424

   Buildings and building improvements                                          
1,703,237

 
1,587,130

   Tenant and other improvements                                                                  
431,751

 
404,180

Development and value-add properties (1)                                                                 
244,761

 
242,014

 
2,756,407

 
2,578,748

   Less accumulated depreciation                                                                  
(796,037
)
 
(749,601
)
 
$
1,960,370

 
1,829,147



(1)
Value-add properties are defined as properties that are either acquired but not stabilized or can be converted to a higher and better use.  Acquired properties meeting either of the following two conditions are considered value-add properties:  (1) Less than 75% occupied as of the acquisition date (or will be less than 75% occupied within one year of acquisition date based on near term lease roll), or (2) 20% or greater of the acquisition cost will be spent to redevelop the property.