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Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Terms of Notes Payable
The following table summarizes the terms of notes payable outstanding at March 31, 2024 and December 31, 2023 ($ in thousands):
DescriptionInterest Rate (1)Maturity (2)20242023
Unsecured Notes:
Credit Facility6.31%April 2027$292,200 $185,100 
Term Loan5.63%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 
2,042,200 1,935,100 
Secured Mortgage Notes:
Terminus (3)6.34%January 2031221,000 221,000 
Fifth Third Center3.37%October 2026125,623 126,548 
Colorado Tower3.45%September 2026106,176 106,862 
Domain 103.75%November 202472,056 72,558 
524,855 526,968 
   $2,567,055 $2,462,068 
Unamortized loan costs(3,723)(4,441)
Total Notes Payable$2,563,332 $2,457,627 

(1) Interest rate as of March 31, 2024.
(2) Weighted average maturity of notes payable outstanding at March 31, 2024 was 2.8 years. Extension options are not included.
(3) Represents $123.0 million and $98.0 million non-cross-collateralized mortgages secured by the Terminus 100 and Terminus 200 buildings, respectively.
Schedule of Interest Recorded
For the three months ended March 31, 2024 and 2023, interest expense was recorded as follows ($ in thousands):
Three Months Ended March 31,
20242023
Total interest incurred$32,614 $30,121 
Interest capitalized(3,706)(5,091)
Total interest expense$28,908 $25,030