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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Scheduled Maturities of Debt, Including Scheduled Principal Amortization | At September 30, 2024, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:
(Dollars in thousands) |  | Principal Payments |
October 1 through December 31, 2024 |  | $ | 8,692 |  |
2025 |  | 243,243 |  | (1)
2026 |  | 166,914 |  |
2027 |  | 131,878 |  | (2)
2028 |  | 50,362 |  |
2029 |  | 58,541 |  |
Thereafter |  | 853,249 |  |
Principal amount |  | 1,512,879 |  |
Unamortized deferred debt costs |  | 19,997 |  |
Net |  | $ | 1,492,882 |  |
(1)Includes $188.0 million outstanding under the Credit Facility. (2)Includes $100.0 million outstanding under the Credit Facility.
Schedule of Interest Expense and Amortization of Deferred Debt Costs | Interest expense, net and amortization of deferred debt costs for the three and nine months ended September 30, 2024 and 2023, were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Interest incurred | $ | 18,870 |  |  | $ | 17,072 |  |  | $ | 55,355 |  |  | $ | 48,852 |
Amortization of deferred debt costs | 577 |  |  | 564 |  |  | 1,722 |  |  | 1,687 |
Capitalized interest | (7,191) |  |  | (5,154) |  |  | (20,036) |  |  | (13,768) |
Interest expense | 12,256 |  |  | 12,482 |  |  | 37,041 |  |  | 36,771 |
Less: Interest income | (43) |  |  | (63) |  |  | (113) |  |  | (253) |
Interest expense, net and amortization of deferred debt costs | $ | 12,213 |  |  | $ | 12,419 |  |  | $ | 36,928 |  |  | $ | 36,518 |

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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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