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

9 Months Ended

Sep. 30, 2021

At September 30, 2021, 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, 2021	$	—		$	7,679	$	7,679
2022	36,502			31,016		67,518
2023	9,225			31,479		40,704
2024	66,164			30,876		97,040
2025	118,363		(a)	27,860		146,223
2026	134,088			24,333		158,421
Thereafter	537,673			92,253		629,926
Principal amount	$	902,015		$	245,496	1,147,511
Unamortized deferred debt costs						11,576
Net						$	1,135,935

(a) Includes $98.0 million outstanding under the Revolving Line.

Interest expense, net and amortization of deferred debt costs for the three and nine months ended September 30, 2021 and 2020, were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2021		2020		2021		2020
Interest incurred	$	12,481	$	12,933	$	38,062	$	38,788
Amortization of deferred debt costs	425		402		1,237		1,163
Capitalized interest	(1,991)		(909)		(4,734)		(5,813)
Interest expense	10,915		12,426		34,565		34,138
Less: Interest income	1		28		6		127
Interest expense, net and amortization of deferred debt costs	$	10,914	$	12,398	$	34,559	$	34,011