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Notes Payable, Bank Credit Facility, Interest Expense and Amortization of Deferred Debt Costs (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Maturities of Long-term Debt | As of December 31, 2022, 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
2023 | $ | 9,225 |  |  | $ | 32,926 |  |  | $ | 42,151 |
2024 | 50,117 |  |  | 33,566 |  |  | 83,683 |
2025 | 184,363 |  | (a) | 31,423 |  |  | 215,786 |
2026 | 134,088 |  |  | 28,062 |  |  | 162,150 |
2027 | 100,000 |  | (b) | 23,454 |  |  | 123,454 |
Thereafter | 440,093 |  |  | 171,366 |  |  | 611,459 |
Principal amount | $ | 917,886 |  |  | $ | 320,797 |  |  | 1,238,683 |
Unamortized deferred debt costs |  |  |  |  | 15,783 |
Net |  |  |  |  | $ | 1,222,900 |
(a) Includes $164.0 million outstanding under the Credit Facility. (b) Includes $100.0 million outstanding under the Credit Facility.
Schedule of Interest Costs Incurred | The components of interest expense are set forth below.
(in thousands) | Year ended December 31,
| 2022 |  | 2021 |  | 2020
Interest incurred | $ | 53,219 |  |  | $ | 50,552 |  |  | $ | 51,705 |
Amortization of deferred debt costs | 1,985 |  |  | 1,710 |  |  | 1,570 |
Capitalized interest | (11,191) |  |  | (6,831) |  |  | (6,616) |
Interest expense | 44,013 |  |  | 45,431 |  |  | 46,659 |
Less: Interest income | 76 |  |  | 7 |  |  | 140 |
Interest expense, net and amortization of deferred debt costs | $ | 43,937 |  |  | $ | 45,424 |  |  | $ | 46,519 |

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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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