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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Scheduled Maturities of Debt, Including Scheduled Principal Amortization | At June 30, 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
July 1 through December 31, 2022 | $ | — |  |  | $ | 17,004 |  |  | $ | 17,004 |
2023 | 9,225 |  |  | 35,080 |  |  | 44,305 |
2024 | 66,164 |  |  | 34,661 |  |  | 100,825 |
2025 | 200,363 |  | (a) | 31,814 |  |  | 232,177 |
2026 | 134,088 |  |  | 28,474 |  |  | 162,562 |
2027 | 142,028 |  | (b) | 22,052 |  |  | 164,080 |
Thereafter | 339,177 |  |  | 115,367 |  |  | 454,544 |
Principal amount | $ | 891,045 |  |  | $ | 284,452 |  |  | 1,175,497 |
Unamortized deferred debt costs |  |  |  |  | 10,232 |
Net |  |  |  |  | $ | 1,165,265 |
(a) Includes $180.0 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 and six months ended June 30, 2022 and 2021, were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Interest incurred | $ | 12,468 |  |  | $ | 12,900 |  |  | $ | 24,781 |  |  | $ | 25,582 |
Amortization of deferred debt costs | 465 |  |  | 406 |  |  | 941 |  |  | 811 |
Capitalized interest | (2,474) |  |  | (1,647) |  |  | (4,661) |  |  | (2,742) |
Interest expense | 10,459 |  |  | 11,659 |  |  | 21,061 |  |  | 23,651 |
Less: Interest income | 2 |  |  | 2 |  |  | 2 |  |  | 5 |
Interest expense, net and amortization of deferred debt costs | $ | 10,457 |  |  | $ | 11,657 |  |  | $ | 21,059 |  |  | $ | 23,646 |

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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