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Notes Payable (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Terms of Notes Payable
The following table summarizes the terms of notes payable outstanding at December 31, 2023 and 2022 ($ in thousands):
DescriptionInterest Rate (1)Maturity (2)20232022
Unsecured Notes:
Credit Facility6.31%April 2027$185,100 $56,600 
Term Loan(3)March 2025400,000 400,000 
Term Loan5.38%August 2024350,000 350,000 
Senior Note3.95%July 2029275,000 275,000 
Senior Note3.91%July 2025250,000 250,000 
Senior Note3.86%July 2028250,000 250,000 
Senior Note3.78%July 2027125,000 125,000 
Senior Note4.09%July 2027100,000 100,000 
1,935,100 1,806,600 
Secured Mortgage Notes:
Terminus (4)6.34%January 2031221,000 221,000 
Fifth Third Center3.37%October 2026126,548 130,168 
Colorado Tower3.45%September 2026106,862 109,552 
Domain 103.75%November 202472,558 74,521 
526,968 535,241 
   $2,462,068 $2,341,841 
Unamortized loan costs(4,441)(7,235)
Total Notes Payable$2,457,627 $2,334,606 

(1) Interest rate as of December 31, 2023.
(2) Weighted average maturity of notes payable outstanding at December 31, 2023 was 3.0 years.
(3) In April 2023, the Company entered into a floating-to-fixed interest rate swap with respect to $200 million of the     $400 million Term Loan. As of December 31, 2023, the fixed interest rate was 5.45%, and the floating interest rate was 6.46%.
(4) Represents $123 million and $98 million non-cross-collateralized mortgages secured by the Terminus 100 and Terminus 200 buildings, respectively.
Schedule of Interest Recorded
For the years ended December 31, 2023, 2022, and 2021, interest was recorded as follows ($ in thousands):
202320222021
Total interest incurred$123,830 $87,937 $73,284 
Interest capitalized(18,367)(15,400)(6,257)
Total interest expense$105,463 $72,537 $67,027 
Schedule of Future Principal Payments Due
Future principal payments due (including scheduled amortization payments and payments due upon original maturity) on the Company's notes payable at December 31, 2023 are as follows ($ in thousands): 

2024$429,087 
2025656,754 
2026220,127 
2027410,100 
2028250,000 
Thereafter496,000 
$2,462,068