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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, 2023
Debt Disclosure [Abstract] |
Scheduled Maturities of Debt, Including Scheduled Principal Amortization | At June 30, 2023, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:
(In thousands) |  |  |  |  | Principal Payments |
July 1 through December 31, 2023 |  |  |  |  | $ | 16,728 |  |
2024 |  |  |  |  | 83,973 |  |
2025 |  |  |  |  | 271,086 |  | (a)
2026 |  |  |  |  | 162,468 |  |
2027 |  |  |  |  | 123,792 |  | (b)
2028 |  |  |  |  | 41,863 |  |
Thereafter |  |  |  |  | 611,879 |  |
Principal amount |  |  |  |  | 1,311,789 |  |
Unamortized deferred debt costs |  |  |  |  | 17,659 |  |
Net |  |  |  |  | $ | 1,294,130 |  |
(a) Includes $219.0 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, 2023 and 2022, were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Interest incurred | $ | 16,267 |  |  | $ | 12,468 |  |  | $ | 31,780 |  |  | $ | 24,781 |
Amortization of deferred debt costs | 564 |  |  | 465 |  |  | 1,122 |  |  | 941 |
Capitalized interest | (4,472) |  |  | (2,474) |  |  | (8,614) |  |  | (4,661) |
Interest expense | 12,359 |  |  | 10,459 |  |  | 24,288 |  |  | 21,061 |
Less: Interest income | 81 |  |  | 2 |  |  | 189 |  |  | 2 |
Interest expense, net and amortization of deferred debt costs | $ | 12,278 |  |  | $ | 10,457 |  |  | $ | 24,099 |  |  | $ | 21,059 |

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