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

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt

As of December 31, 2022, 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
2023	$	9,225		$	32,926	$	42,151
2024	50,117			33,566		83,683
2025	184,363		(a)	31,423		215,786
2026	134,088			28,062		162,150
2027	100,000		(b)	23,454		123,454
Thereafter	440,093			171,366		611,459
Principal amount	$	917,886		$	320,797	1,238,683
Unamortized deferred debt costs						15,783
Net						$	1,222,900

        (a) Includes $164.0 million outstanding under the Credit Facility.
        (b) Includes $100.0 million outstanding under the Credit Facility.

Schedule of Interest Costs Incurred

The components of interest expense are set forth below.

(in thousands)	Year ended December 31,
	2022		2021		2020
Interest incurred	$	53,219	$	50,552	$	51,705
Amortization of deferred debt costs	1,985		1,710		1,570
Capitalized interest	(11,191)		(6,831)		(6,616)
Interest expense	44,013		45,431		46,659
Less: Interest income	76		7		140
Interest expense, net and amortization of deferred debt costs	$	43,937	$	45,424	$	46,519