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

9 Months Ended

Sep. 30, 2020

At September 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
October 1 through December 31, 2020	$	—		$	7,453	$	7,453
2021	11,012			30,323		41,335
2022	161,002		(a)	30,984		191,986
2023	84,225			31,447		115,672
2024	66,164			30,815		96,979
2025	20,363			27,823		48,186
Thereafter	566,375			117,532		683,907
Principal amount	$	909,141		$	276,377	1,185,518
Unamortized deferred debt costs						9,735
Net						$	1,175,783

(a) Includes $124.5 million outstanding under the revolving credit facility.

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


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2020		2019		2020		2019
Interest incurred	$	12,933	$	13,103	$	38,788	$	38,972
Amortization of deferred debt costs	402		370		1,163		1,130
Capitalized interest	(909)		(3,088)		(5,813)		(7,756)
Interest expense	12,426		10,385		34,138		32,346
Less: Interest income	28		60		127		161
Interest expense, net and amortization of deferred debt costs	$	12,398	$	10,325	$	34,011	$	32,185