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ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Accounts Payable and Accrued Liabilities [Abstract]    
Property taxes payable $ 6,823 $ 4,494
Development costs payable 21,305 17,529
Retainage payable 11,011 10,576
Real estate improvements and capitalized leasing costs payable 5,182 5,798
Interest payable 9,597 6,547
Dividends payable 55,952 46,864
Book overdraft [1] 13,370 4,845
Other payables and accrued expenses 13,748 13,107
Total accounts payable and accrued expenses $ 136,988 $ 109,760
[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, which is included in the Company’s Unsecured bank credit facilities. See Note 1(p).