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Mortgage Notes Payable, Revolving Credit Facility, Interest Expense and Amortization of Deferred Debt Costs (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Scheduled maturities of all debt, including scheduled principal amortization
As of December 31, 2020, 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
2021$11,012 $30,355 $41,367 
2022141,002 (a)31,017 172,019 
202384,225 31,481 115,706 
202466,164 30,856 97,020 
202520,363 27,860 48,223 
Thereafter569,330 116,586 685,916 
Principal amount$892,096 $268,155 1,160,251 
Unamortized deferred debt costs9,337 
Net$1,150,914 
            (a) Includes $104.5 million outstanding under the revolving facility.
Components of interest expense
The components of interest expense are set forth below.
(in thousands)Year ended December 31,
 202020192018
Interest incurred$51,705 $52,044 $49,652 
Amortization of deferred debt costs1,570 1,518 1,610 
Capitalized interest(6,616)(11,480)(6,222)
Interest expense46,659 42,082 45,040 
Less: Interest income140 248 272 
Interest expense, net and amortization of deferred debt costs$46,519 $41,834 $44,768