XML 36 R26.htm IDEA: XBRL DOCUMENT v3.24.3
Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
 9 Months Ended
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 
2025243,243 (1)
2026166,914 
2027131,878 (2)
202850,362 
202958,541 
Thereafter853,249 
Principal amount1,512,879 
Unamortized deferred debt costs19,997 
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)2024202320242023
Interest incurred$18,870 $17,072 $55,355 $48,852 
Amortization of deferred debt costs577 564 1,722 1,687 
Capitalized interest(7,191)(5,154)(20,036)(13,768)
Interest expense12,256 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