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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Accounts Payable and Accrued Liabilities [Abstract]    
Property taxes payable $ 2,696 $ 10,718
Development costs payable 11,766 15,410
Real estate improvements and capitalized leasing costs payable 4,636 3,911
Interest payable 6,370 4,067
Dividends payable 30,714 27,738
Book overdraft [1] 25,771 15,048
Other payables and accrued expenses 10,071 9,671
Total accounts payable and accrued expenses $ 92,024 $ 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. See Note 1(p).