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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Accounts Payable and Accrued Liabilities [Abstract]    
Property taxes payable $ 3,524 $ 2,696
Development costs payable 6,427 11,766
Real estate improvements and capitalized leasing costs payable 5,692 4,636
Interest payable 6,537 6,370
Dividends payable 32,677 30,714
Book overdraft [1] 5,176 25,771
Other payables and accrued expenses 9,540 10,071
Total accounts payable and accrued expenses $ 69,573 $ 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. See Note 1(p).