DERIVATIVES AND HEDGING ACTIVITIES (Block)

6 Months Ended

Jun. 30, 2013

Derivative Instruments And Hedging Activities Disclosure Abstract

Derivative Instruments And Hedging Activities Disclosure Text Block

6. DERIVATIVES AND HEDGING ACTIVITIES

The Company from time to time enters into derivative financial instruments, including interest rate exchange agreements (“Swaps”) and interest rate collar agreements, to manage its exposure to fluctuations in interest rates.

       As of June 30, 2013, there were no derivative interest rate transactions outstanding.