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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
6 Months Ended
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 
20239,225 35,080 44,305 
202466,164 34,661 100,825 
2025200,363 (a)31,814 232,177 
2026134,088 28,474 162,562 
2027142,028 (b)22,052 164,080 
Thereafter339,177 115,367 454,544 
Principal amount$891,045 $284,452 1,175,497 
Unamortized deferred debt costs10,232 
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)2022202120222021
Interest incurred$12,468 $12,900 $24,781 $25,582 
Amortization of deferred debt costs465 406 941 811 
Capitalized interest(2,474)(1,647)(4,661)(2,742)
Interest expense10,459 11,659 21,061 23,651 
Less: Interest income
Interest expense, net and amortization of deferred debt costs$10,457 $11,657 $21,059 $23,646