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Notes Payable, Revolving Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
 6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Scheduled Maturities of Debt, Including Scheduled Principal Amortization
At June 30, 2016, 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
July 1 through December 31, 2016
$
—

 
$
12,487

 
$
12,487

2017
14,442

 
25,793

 
40,235

2018
39,748

(a)
25,902

 
65,650

2019
60,793

 
24,614

 
85,407

2020
61,163

 
21,892

 
83,055

2021
11,012

 
21,404

 
32,416

Thereafter
439,324

 
106,286

 
545,610

Principal amount
$
626,482

 
$
238,378

 
864,860

Unamortized deferred debt costs
 
 
 
 
8,042

Net
 
 
 
 
$
856,818


(a) Includes $12.0 million outstanding under the line of credit.
Interest Expense and Amortization of Deferred Debt Costs
Interest expense and amortization of deferred debt costs for the three and six months ended June 30, 2016 and 2015, were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Interest incurred
$
11,660

 
$
11,414

 
$
23,337

 
$
22,798

Amortization of deferred debt costs
331

 
392

 
663

 
754

Capitalized interest
(336
)
 
(453
)
 
(1,256
)
 
(793
)
 
$
11,655

 
$
11,353

 
$
22,744

 
$
22,759