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Notes Payable (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Summary of Terms of Notes Payable | The following table summarizes the terms of notes payable outstanding at March 31, 2021 and December 31, 2020 ($ in thousands):
Description |  | Interest Rate (1) |  | Maturity (2) |  | 2021 |  | 2020
Unsecured Notes: |  |  |  |  |  |  |  |
Credit Facility, Unsecured |  | 1.16% |  | 2023 |  | $ | 289,000 |  |  | $ | 232,400 |
Term Loan, Unsecured |  | 1.31% |  | 2021 |  | 250,000 |  |  | 250,000 |
2019 Senior Notes, Unsecured |  | 3.95% |  | 2029 |  | 275,000 |  |  | 275,000 |
2017 Senior Notes, Unsecured |  | 3.91% |  | 2025 |  | 250,000 |  |  | 250,000 |
2019 Senior Notes, Unsecured |  | 3.86% |  | 2028 |  | 250,000 |  |  | 250,000 |
2019 Senior Notes, Unsecured |  | 3.78% |  | 2027 |  | 125,000 |  |  | 125,000 |
2017 Senior Notes, Unsecured |  | 4.09% |  | 2027 |  | 100,000 |  |  | 100,000 |
|  |  |  |  |  | 1,539,000 |  |  | 1,482,400 |
Secured Mortgage Notes: |  |  |  |  |  |  |  |
Fifth Third Center |  | 3.37% |  | 2026 |  | 136,222 |  |  | 137,057 |
Terminus 100 |  | 5.25% |  | 2023 |  | 114,183 |  |  | 114,997 |
Colorado Tower |  | 3.45% |  | 2026 |  | 114,040 |  |  | 114,660 |
Promenade |  | 4.27% |  | 2022 |  | 91,722 |  |  | 92,593 |
816 Congress |  | 3.75% |  | 2024 |  | 77,784 |  |  | 78,232 |
Terminus 200 |  | 3.79% |  | 2023 |  | 73,912 |  |  | 74,354 |
Legacy Union One |  | 4.24% |  | 2023 |  | 66,000 |  |  | 66,000 |
|  |  |  |  |  | 673,863 |  |  | 677,893 |
|  |  |  |  |  | $ | 2,212,863 |  |  | $ | 2,160,293 |
Unamortized premium |  |  |  |  |  | 6,658 |  |  | 7,574 |
Unamortized loan costs |  |  |  |  |  | (4,829) |  |  | (5,148) |
Total Notes Payable |  |  |  |  |  | $ | 2,214,692 |  |  | $ | 2,162,719 |
(1) Interest rate as of March 31, 2021. (2) Weighted average maturity of notes payable outstanding at March 31, 2021 was 4.3 years.
Summary of Interest Recorded | For the three months ended March 31, 2021 and 2020, interest expense was recorded as follows (in thousands):
| 2021 |  | 2020 |  |  |  |  |
Total interest incurred | $ | 18,520 |  |  | $ | 21,213 |  |  |  |  |  |
Interest capitalized | (1,312) |  |  | (5,309) |  |  |  |  |  |
Total interest expense | $ | 17,208 |  |  | $ | 15,904 |  |  |  |  |  |

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