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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 6 Months Ended
Jun. 30, 2020
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:
 
June 30,
2020
 
December 31,
2019
 
(In thousands)
Property taxes payable                                                                                  
$
27,904

 
2,696

Development costs payable                                                                                  
11,585

 
11,766

Real estate improvements and capitalized leasing costs payable
4,864

 
4,636

Interest payable                                                                                  
6,331

 
6,370

Dividends payable                                                        
30,474

 
30,714

Book overdraft (1)
13,157

 
25,771

Other payables and accrued expenses                                                                                  
5,650

 
10,071

 Total Accounts payable and accrued expenses
$
99,965

 
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.