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

9 Months Ended

Sep. 30, 2022

At September 30, 2022, 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, 2022	$	—		$	8,050	$	8,050
2023	9,225			32,938		42,163
2024	50,117			33,575		83,692
2025	148,363		(a)	31,437		179,800
2026	134,088			28,076		162,164
2027	100,000		(b)	23,469		123,469
Thereafter	440,093			171,057		611,150
Principal amount	$	881,886		$	328,602	1,210,488
Unamortized deferred debt costs						16,288
Net						$	1,194,200

(a) Includes $128.0 million outstanding under the Credit Facility.

(b) Includes $100.0 million outstanding under the Credit Facility.

Interest expense, net and amortization of deferred debt costs for the three and nine months ended September 30, 2022 and 2021, were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2022		2021		2022		2021
Interest incurred	$	13,627	$	12,481	$	38,408	$	38,062
Amortization of deferred debt costs	486		425		1,428		1,237
Capitalized interest	(3,002)		(1,991)		(7,663)		(4,734)
Interest expense	11,111		10,915		32,173		34,565
Less: Interest income	8		1		11		6
Interest expense, net and amortization of deferred debt costs	$	11,103	$	10,914	$	32,162	$	34,559