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

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Scheduled Maturities of Debt, Including Scheduled Principal Amortization

At March 31, 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
April 1 through December 31, 2019	$	12,060		$	22,312	$	34,372
2020	61,163			28,538		89,701
2021	11,012			28,335		39,347
2022	76,502		(a)	28,925		105,427
2023	84,225			29,316		113,541
2024	66,637			27,882		94,519
Thereafter	440,667			115,901		556,568
Principal amount	$	752,266		$	281,209	1,033,475
Unamortized deferred debt costs						10,354
Net						$	1,023,121

(a) Includes $40.0 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 months ended March 31, 2019 and 2018, were as follows:

	Three Months Ended March 31,
(In thousands)	2019			2018
Interest incurred	$	12,881		$	12,200
Amortization of deferred debt costs	384			470
Capitalized interest	(2,146		)	(1,144		)
Interest expense	11,119			11,526
Less: Interest income	52			102
Interest expense, net	$	11,067		$	11,424