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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, 2024
Debt Disclosure [Abstract] |
Scheduled Maturities of Debt, Including Scheduled Principal Amortization | At June 30, 2024, 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, 2024 |  |  |  |  | $ | 16,886 |  |
2025 |  |  |  |  | 290,059 |  | (a)
2026 |  |  |  |  | 164,738 |  |
2027 |  |  |  |  | 129,390 |  | (b)
2028 |  |  |  |  | 47,957 |  |
2029 |  |  |  |  | 56,003 |  |
Thereafter |  |  |  |  | 757,516 |  |
Principal amount |  |  |  |  | 1,462,549 |  |
Unamortized deferred debt costs |  |  |  |  | 19,945 |  |
Net |  |  |  |  | $ | 1,442,604 |  |
(a) Includes $236.0 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, 2024 and 2023, were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Interest incurred | $ | 18,400 |  |  | $ | 16,267 |  |  | $ | 36,485 |  |  | $ | 31,780 |
Amortization of deferred debt costs | 582 |  |  | 564 |  |  | 1,145 |  |  | 1,122 |
Capitalized interest | (6,677) |  |  | (4,472) |  |  | (12,845) |  |  | (8,614) |
Interest expense | 12,305 |  |  | 12,359 |  |  | 24,785 |  |  | 24,288 |
Less: Interest income | 38 |  |  | 81 |  |  | 70 |  |  | 189 |
Interest expense, net and amortization of deferred debt costs | $ | 12,267 |  |  | $ | 12,278 |  |  | $ | 24,715 |  |  | $ | 24,099 |

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