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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Scheduled Maturities of Debt, Including Scheduled Principal Amortization
At March 31, 2025, the future principal payments of debt, including scheduled maturities and amortization, for years ending December 31, were as follows:

(Dollars in thousands)Principal Payments
April 1 through December 31, 2025$222,863 (1)
2026168,198 
2027133,706 (2)
202852,280 
202960,553 
203058,205 
Thereafter868,330 
Principal amount1,564,135 
Unamortized deferred debt costs19,536 
Net$1,544,599 
(1)Includes $196.0 million outstanding under the revolving credit facility of the Credit Facility. The revolving credit facility may be extended by the Company for one additional year, subject to satisfaction of certain conditions.
(2)Includes $100.0 million outstanding under the term loan of 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, 2025 and 2024, were as follows:

 
Three Months Ended
March 31,
(Dollars in thousands)20252024
Interest incurred$18,897 $18,084 
Amortization of deferred debt costs627 564 
Capitalized interest(2,731)(6,168)
Interest expense16,793 12,480 
Less: Interest income(46)(32)
Interest expense, net and amortization of deferred debt costs$16,747 $12,448