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Notes Payable (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of terms of notes payable
The following table summarizes the terms of notes payable outstanding at December 31, 2022 and 2021 ($ in thousands):
DescriptionInterest Rate (1)Maturity (2)20222021
Unsecured Notes:
Credit Facility5.30%2027$56,600 $228,500 
Term Loan5.45%2025400,000 — 
Term Loan5.38%2024350,000 350,000 
Senior Note3.95%2029275,000 275,000 
Senior Note3.91%2025250,000 250,000 
Senior Note3.86%2028250,000 250,000 
Senior Note3.78%2027125,000 125,000 
Senior Note4.09%2027100,000 100,000 
1,806,600 1,578,500 
Secured Mortgage Notes:
Fifth Third Center 3.37%2026130,168 133,672 
Terminus (3)6.34%2031221,000 184,239 
Colorado Tower3.45%2026109,552 112,150 
Domain 103.75%202474,521 76,412 
Promenade Tower (4)4.27%2022 89,052 
Legacy Union One (4)4.24%2023 66,000 
535,241 661,525 
   $2,341,841 $2,240,025 
Unamortized premium 3,910 
Unamortized loan costs(7,235)(6,426)
Total Notes Payable$2,334,606 $2,237,509 

(1) Interest rate as of December 31, 2022.
(2) Weighted average maturity of notes payable outstanding at December 31, 2022 was 4.0 years.
(3) Represents $123.0 million and $98.0 million non-cross-collateralized mortgages secured by the Terminus 100 and Terminus 200, buildings, respectively.
(4) These mortgages were paid off, in full, in October 2022.
Schedule of interest recorded
For the years ended December 31, 2022, 2021, and 2020, interest was recorded as follows ($ in thousands):
202220212020
Total interest incurred$87,937 $73,284 $74,929 
Interest capitalized(15,400)(6,257)(14,324)
Total interest expense$72,537 $67,027 $60,605 
Schedule of future principal payments due
Future principal payments due (including scheduled amortization payments and payments due upon maturity) on the Company's notes payable at December 31, 2022 are as follows ($ in thousands): 

2023$8,274 
2024429,087 
2025656,755 
2026220,125 
2027281,600 
Thereafter746,000 
$2,341,841