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

12 Months Ended

Dec. 31, 2019

As of December 31, 2019, the scheduled maturities of all debt including scheduled principal amortization for years ended December 31 are as follows:



(in thousands)	Balloon Payments			Scheduled Principal Amortization		Total
2020	$	16,074		$	28,421	$	44,495
2021	11,012			29,025		40,037
2022	124,002		(a)	29,645		153,647
2023	84,225			30,065		114,290
2024	66,649			28,697		95,346
Thereafter	527,297			125,809		653,106
Principal amount	$	829,259		$	271,662	1,100,921
Unamortized deferred debt costs						9,733
Net						$	1,091,188

(a) Includes $87.5 million outstanding under the revolving facility.

The components of interest expense are set forth below.



(in thousands)	Year ended December 31,
	2019			2018			2017
Interest incurred	$	52,044		$	49,652		$	49,322
Amortization of deferred debt costs	1,518			1,610			1,392
Capitalized interest	(11,480		)	(6,222		)	(3,489		)
Interest expense	42,082			45,040			47,225
Less: Interest income	248			272			80
Interest expense, net and amortization of deferred debt costs	$	41,834		$	44,768		$	47,145