Notes Payable, Revolving Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At September 30, 2019, the scheduled maturities of debt, including scheduled principal amortization, for years ending December 31, were as follows:

(In thousands)	Balloon Payments		Scheduled Principal Amortization		Total
October 1 through December 31, 2019	$	—	$	7,384	$	7,384
2020	61,163		28,536		89,699
2021	11,012		28,333		39,345
2022	36,503		28,923		65,426
2023	84,225		29,313		113,538
2024	66,645		27,908		94,553
Thereafter	497,257		115,902		613,159
Principal amount	$	756,805	$	266,299	1,023,104
Unamortized deferred debt costs					8,376
Net					$	1,014,728

Interest Expense and Amortization of Deferred Debt Costs

Interest expense, net and amortization of deferred debt costs for the three and nine months ended September 30, 2019 and 2018, were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2019			2018			2019			2018
Interest incurred	$	13,103		$	12,361		$	38,972		$	36,863
Amortization of deferred debt costs	370			377			1,130			1,224
Capitalized interest	(3,088		)	(1,716		)	(7,756		)	(4,301		)
Interest expense	10,385			11,022			32,346			33,786
Less: Interest income	60			48			161			218
Interest expense, net and amortization of deferred debt costs	$	10,325		$	10,974		$	32,185		$	33,568