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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Accounts Payable and Accrued Liabilities [Abstract]    
Property taxes payable $ 13,963 $ 2,696
Development costs payable 13,203 11,766
Real estate improvements and capitalized leasing costs payable 4,944 4,636
Interest payable 6,315 6,370
Dividends payable 30,133 30,714
Book Overdraft [1] 17,868 25,771
Other payables and accrued expenses 4,789 10,071
Accounts payable and accrued expenses $ 91,215 $ 92,024
[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.