Notes Payable (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Summary of terms of notes payable

The following table summarizes the terms of notes payable outstanding at March 31, 2019 and December 31, 2018 (in thousands):

Description	Interest Rate	Maturity (1)	2019			2018
Term Loan, Unsecured	3.69%	2021	$	250,000		$	250,000
Senior Notes, Unsecured	3.91%	2025	250,000			250,000
Senior Notes, Unsecured	4.09%	2027	100,000			100,000
Fifth Third Center	3.37%	2026	142,715			143,497
Colorado Tower	3.45%	2026	118,849			119,427
Promenade	4.27%	2022	98,438			99,238
816 Congress	3.75%	2024	81,260			81,676
Credit Facility, Unsecured	3.54%	2023	56,400			—
Meridian Mark Plaza	6.00%	2020	23,391			23,524
			$	1,121,053		$	1,067,362
Unamortized loan costs			(4,579		)	(4,792		)
Total Notes Payable			$	1,116,474		$	1,062,570

(1) Weighted average maturity of notes payable outstanding at March 31, 2019 was 5.4 years.

Summary of interest recorded

For the three months endedMarch 31, 2019 and 2018, interest was recorded as follows (in thousands):

	2019			2018
Total interest incurred	$	11,835		$	10,874
Interest capitalized	(1,015		)	(1,096		)
Total interest expense	$	10,820		$	9,778