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

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At June 30, 2020, 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
July 1 through December 31, 2020	$	—		$	14,167	$	14,167
2021	11,012			28,996		40,008
2022	211,002		(a)	29,609		240,611
2023	84,225			30,021		114,246
2024	66,164			29,326		95,490
2025	20,363			26,291		46,654
Thereafter	532,910			99,518		632,428
Principal amount	$	925,676		$	257,928	1,183,604
Unamortized deferred debt costs						9,037
Net						$	1,174,567

(a) Includes $174.5 million outstanding under the revolving credit facility.

Interest Expense and Amortization of Deferred Debt Costs

Interest expense, net and amortization of deferred debt costs for the three and six months ended June 30, 2020 and 2019, were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2020			2019			2020			2019
Interest incurred	$	12,837		$	12,988		$	25,856		$	25,868
Amortization of deferred debt costs	387			375			760			760
Capitalized interest	(1,137		)	(2,522		)	(4,905		)	(4,668		)
Interest expense	12,087			10,841			21,711			21,960
Less: Interest income	68			48			98			100
Interest expense, net and amortization of deferred debt costs	$	12,019		$	10,793		$	21,613		$	21,860