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Notes Payable, Revolving Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Scheduled Maturities of Debt, Including Scheduled Principal Amortization
At September 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
October 1 through December 31, 2016
$

 
$
6,284

 
$
6,284

2017
14,442

 
25,766

 
40,208

2018
50,748

(a)
25,901

 
76,649

2019
60,793

 
24,614

 
85,407

2020
61,163

 
21,892

 
83,055

2021
11,012

 
21,404

 
32,416

Thereafter
444,679

 
106,312

 
550,991

Principal amount
$
642,837

 
$
232,173

 
875,010

Unamortized deferred debt costs
 
 
 
 
7,703

Net
 
 
 
 
$
867,307


(a) Includes $23.0 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 nine months ended September 30, 2016 and 2015, were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Interest incurred
$
11,691

 
$
11,489

 
$
35,027

 
$
34,287

Amortization of deferred debt costs
339

 
340

 
1,003

 
1,094

Capitalized interest
(506
)
 
(600
)
 
(1,762
)
 
(1,393
)
 
$
11,524

 
$
11,229

 
$
34,268

 
$
33,988