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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Scheduled Maturities of Debt, Including Scheduled Principal Amortization | At March 31, 2024, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:
(In thousands) |  |  |  |  | Principal Payments |
April 1 through December 31, 2024 |  |  |  |  | $ | 75,457 |  |
2025 |  |  |  |  | 326,086 |  | (a)
2026 |  |  |  |  | 163,051 |  |
2027 |  |  |  |  | 126,589 |  | (b)
2028 |  |  |  |  | 44,770 |  |
2029 |  |  |  |  | 52,627 |  |
Thereafter |  |  |  |  | 638,711 |  |
Principal amount |  |  |  |  | 1,427,291 |  |
Unamortized deferred debt costs |  |  |  |  | 18,641 |  |
Net |  |  |  |  | $ | 1,408,650 |  |
(a) Includes $274.0 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, 2024 and 2023, were as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2024 |  | 2023 |  |  |  |
Interest incurred | $ | 18,084 |  |  | $ | 15,513 |  |  |  |  |
Amortization of deferred debt costs | 564 |  |  | 559 |  |  |  |  |
Capitalized interest | (6,168) |  |  | (4,142) |  |  |  |  |
Interest expense | 12,480 |  |  | 11,930 |  |  |  |  |
Less: Interest income | 32 |  |  | 109 |  |  |  |  |
Interest expense, net and amortization of deferred debt costs | $ | 12,448 |  |  | $ | 11,821 |  |  |  |  |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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