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Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of terms of notes payable
The following table summarizes the terms of notes payable outstanding at December 31, 2021 and 2020 ($ in thousands):
DescriptionInterest Rate (1)Maturity (2)20212020
Unsecured Notes:
Credit Facility, Unsecured1.15%2023$228,500 $232,400 
Term Loan, Unsecured1.15%2024350,000 250,000 
2019 Senior Notes, Unsecured3.95%2029275,000 275,000 
2017 Senior Notes, Unsecured3.91%2025250,000 250,000 
2019 Senior Notes, Unsecured3.86%2028250,000 250,000 
2019 Senior Notes, Unsecured3.78%2027125,000 125,000 
2017 Senior Notes, Unsecured4.09%2027100,000 100,000 
1,578,500 1,482,400 
Secured Mortgage Notes:
Fifth Third Center 3.37%2026133,672 137,057 
Colorado Tower3.45%2026112,150 114,660 
Terminus 1005.25%2023111,678 114,997 
Promenade 4.27%202289,052 92,593 
Domain 10 (3)3.75%202476,412 78,232 
Terminus 2003.79%202372,561 74,354 
Legacy Union One4.24%202366,000 66,000 
661,525 677,893 
   $2,240,025 $2,160,293 
Unamortized premium3,910 7,574 
Unamortized loan costs(6,426)(5,148)
Total Notes Payable$2,237,509 $2,162,719 
(1) Interest rate as of December 31, 2021.
(2) Weighted average maturity of notes payable outstanding at December 31, 2021 was 3.9 years.
(3) At December 31, 2020, this mortgage was secured by the Company's 816 Congress property.
Summary of interest recorded
For the years ended December 31, 2021, 2020, and 2019, interest was recorded as follows (in thousands):
202120202019
Total interest incurred$73,284 $74,929 $65,182 
Interest capitalized(6,257)(14,324)(11,219)
Total interest expense$67,027 $60,605 $53,963 
Schedule of future principal payments due
Future principal payments due (including scheduled amortization payments and payments due upon maturity) on the Company's notes payable at December 31, 2021 are as follows (in thousands): 
2022$102,401 
2023481,655 
2024429,087 
2025256,755 
2026220,127 
Thereafter750,000 
$2,240,025