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Notes Payable, Revolving Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Scheduled Maturities of Debt, Including Scheduled Principal Amortization
At March 31, 2022, 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
April 1 through December 31, 2022$8,555 $25,513 $34,068 
20239,225 35,080 44,305 
202466,164 34,652 100,816 
2025158,363 (a)31,814 190,177 
2026134,088 28,474 162,562 
2027142,028 (b)22,052 164,080 
Thereafter339,177 115,367 454,544 
Principal amount$857,600 $292,952 1,150,552 
Unamortized deferred debt costs10,697 
Net$1,139,855 

(a) Includes $138.0 million outstanding under the Credit Facility.
(b) Includes $100.0 million outstanding under the Credit Facility.
Interest Expense and Amortization of Deferred Debt Costs
Interest expense, net and amortization of deferred debt costs for the three months ended March 31, 2022 and 2021, were as follows:
 Three Months Ended March 31,
(In thousands)20222021
Interest incurred$12,313 $12,681 
Amortization of deferred debt costs477 405 
Capitalized interest(2,187)(1,095)
Interest expense10,603 11,991 
Less: Interest income
Interest expense, net and amortization of deferred debt costs$10,602 $11,988