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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Accounts Payable and Accrued Liabilities [Abstract]    
Property taxes payable $ 24,686 $ 10,718
Development costs payable 17,471 15,410
Real estate improvements and capitalized leasing costs payable 4,999 3,911
Interest payable 4,821 4,067
Dividends payable 28,203 27,738
Book Overdraft [1] 10,537 15,048
Other payables and accrued expenses 5,664 9,671
Accounts payable and accrued expenses $ 96,381 $ 86,563
[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.