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

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt

As of December 31, 2021, the scheduled maturities of all debt including scheduled principal amortization for years ended December 31 are as follows:

(in thousands)	Balloon Payments			Scheduled Principal Amortization		Total
2022	$	36,502		$	31,033	$	67,535
2023	9,225			31,498		40,723
2024	66,164			30,792		96,956
2025	126,363		(a)	27,874		154,237
2026	134,088			24,347		158,435
Thereafter	545,276			91,866		637,142
Principal amount	$	917,618		$	237,410	1,155,028
Unamortized deferred debt costs						11,172
Net						$	1,143,856

            (a) Includes $106.0 million outstanding under the revolving facility.

Schedule of Interest Costs Incurred

The components of interest expense are set forth below.

(in thousands)	Year ended December 31,
	2021		2020		2019
Interest incurred	$	50,552	$	51,705	$	52,044
Amortization of deferred debt costs	1,710		1,570		1,518
Capitalized interest	(6,831)		(6,616)		(11,480)
Interest expense	45,431		46,659		42,082
Less: Interest income	7		140		248
Interest expense, net and amortization of deferred debt costs	$	45,424	$	46,519	$	41,834