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Notes Payable, Bank Credit Facility, Interest and Amortization of Deferred Debt Costs (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Scheduled Maturities of Debt, Including Scheduled Principal Amortization
At June 30, 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
July 1 through December 31, 2025$218,998 (1)
2026168,389 
2027134,276 (2)
202852,873 
202961,169 
203058,844 
Thereafter888,987 
Principal amount1,583,536 
Unamortized deferred debt costs18,857 
Net$1,564,679 
(1)Includes $201.0 million outstanding under the revolving credit facility of the Credit Facility, which was replaced by the New Credit Facility on July 30, 2025 as described above.
(2)Includes $100.0 million outstanding under the term loan of the Credit Facility, which was replaced by the New Credit Facility on July 30, 2025 as described above.
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, 2025 and 2024, were as follows:

 
Three Months Ended
June 30,
Six Months Ended
June 30,
(Dollars in thousands)2025202420252024
Interest incurred$19,146 $18,400 $38,043 $36,485 
Amortization of deferred debt costs625 582 1,252 1,145 
Capitalized interest(2,917)(6,677)(5,648)(12,845)
Subtotal16,854 12,305 33,647 24,785 
Less: Interest income(34)(38)(80)(70)
Interest expense, net and amortization of deferred debt costs$16,820 $12,267 $33,567 $24,715