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Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary of terms of notes payable
The following table details the terms and amounts of the Company’s outstanding notes payable at September 30, 2018 and December 31, 2017 ($ in thousands):
Description
 
Interest Rate
 
Maturity(1)
 
September 30, 2018
 
December 31, 2017
Term Loan, Unsecured
 
3.46
%
 
2021
 
$
250,000

 
$
250,000

Senior Notes, Unsecured
 
3.91
%
 
2025
 
250,000

 
250,000

Fifth Third Center
 
3.37
%
 
2026
 
144,271

 
146,557

Colorado Tower
 
3.45
%
 
2026
 
120,000

 
120,000

Promenade
 
4.27
%
 
2022
 
100,030

 
102,355

Senior Notes, Unsecured
 
4.09
%
 
2027
 
100,000

 
100,000

816 Congress
 
3.75
%
 
2024
 
82,089

 
83,304

Meridian Mark Plaza
 
6.00
%
 
2020
 
23,655

 
24,038

The Pointe (2)
 
4.01
%
 
2019
 
—

 
22,510

Credit Facility, Unsecured
 
3.31
%
 
2023
 
—

 
—

 
 
 
 
 
 
1,070,045

—

1,098,764

Unamortized premium, net
 
 
 
 
 
—

 
219

Unamortized loan costs
 
 
 
 
 
(5,033
)
 
(5,755
)
Total Notes Payable
 
 
 
 
 
$
1,065,012

 
$
1,093,228



(1) Weighted average maturity of notes payable outstanding at September 30, 2018 was 6.0 years.
(2) In August 2018, the Company repaid in full, without penalty, the note payable secured by The Pointe.
Summary of interest recorded
For the three and nine months ended September 30, 2018 and 2017, interest expense was as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Total interest incurred
$
11,087

 
$
10,288

 
$
33,064

 
$
32,360

Interest capitalized
(1,536
)
 
(2,701
)
 
(4,021
)
 
(6,509
)
Total interest expense
$
9,551

 
$
7,587

 
$
29,043

 
$
25,851