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

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At March 31, 2016, 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
April 1 through December 31, 2016	$	—		$	18,607	$	18,607
2017	14,442			25,768		40,210
2018	50,748		(a)	25,902		76,650
2019	60,794			24,614		85,408
2020	61,163			21,892		83,055
2021	11,011			21,405		32,416
Thereafter	430,930			106,296		537,226
Principal amount	$	629,088		$	244,484	873,572
Unamortized deferred debt costs						8,381
Net						$	865,191

(a) Includes $23.0 million outstanding under the line of credit.

Interest Expense and Amortization of Deferred Debt Costs

Interest expense and amortization of deferred debt costs for the three months ended March 31, 2016 and 2015, were as follows:

	Three Months Ended March 31,
(In thousands)	2016			2015
Interest incurred	$	11,677		$	11,384
Amortization of deferred debt costs	332			362
Capitalized interest	(920		)	(340		)
	$	11,089		$	11,406