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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 9 Months Ended
Sep. 30, 2019
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 
A summary of the Company’s Accounts payable and accrued expenses follows:
 
September 30,
2019
 
December 31,
2018
 
(In thousands)
Property taxes payable                                                                                  
$
38,258

 
10,718

Development costs payable                                                                                  
19,356

 
15,410

Real estate improvements and capitalized leasing costs payable
6,729

 
3,911

Interest payable                                                                                  
6,070

 
4,067

Dividends payable                                                        
30,133

 
27,738

Book overdraft (1)
13,912

 
15,048

Other payables and accrued expenses                                                                                  
7,969

 
9,671

 Total Accounts payable and accrued expenses
$
122,427

 
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.