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

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At September 30, 2017, 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, 2017	$	—		$	7,386	$	7,386
2018	130,799		(a)	29,015		159,814
2019	60,793			27,769		88,562
2020	61,163			25,182		86,345
2021	11,012			24,836		35,848
2022	36,502			25,277		61,779
Thereafter	405,693			123,478		529,171
Principal amount	$	705,962		$	262,943	968,905
Unamortized deferred debt costs						6,759
Net						$	962,146

(a) Includes $89.0 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 and nine months ended September 30, 2017 and 2016, were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2017			2016			2017			2016
Interest incurred	$	12,370		$	11,691		$	37,037		$	35,027
Amortization of deferred debt costs	351			339			1,043			1,003
Capitalized interest	(900		)	(506		)	(2,495		)	(1,762		)
	$	11,821		$	11,524		$	35,585		$	34,268