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

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt

As of December 31, 2023, 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
2024	$	50,694		$	33,291	$	83,985
2025	296,363		(a)	31,723		328,086
2026	134,088			28,756		162,844
2027	100,000		(b)	25,817		125,817
2028	18,785			25,182		43,967
Thereafter	474,022			187,564		661,586
Principal amount	$	1,073,952		$	332,333	1,406,285
Unamortized deferred debt costs						19,284
Net						$	1,387,001

        (a) Includes $276.0 million outstanding under the Credit Facility.
        (b) Represents the amount 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,
	2023		2022		2021
Interest incurred	$	66,717	$	53,219	$	50,552
Amortization of deferred debt costs	2,250		1,985		1,710
Capitalized interest	(19,519)		(11,191)		(6,831)
Interest expense	49,448		44,013		45,431
Less: Interest income	295		76		7
Interest expense, net and amortization of deferred debt costs	$	49,153	$	43,937	$	45,424