Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

As of December 31, 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollar amounts in thousands):

Interest Rate Derivative	Number of Instruments	Notional Amount
Interest rate swaps	7	$	152,590
Interest rate cap	1	50,000
Total	8	$	202,590

As of March 31, 2013 , the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollar amounts in thousands):

Interest Rate Derivative	Number of Instruments	Notional Amount
Interest rate swaps	9	$	667,590
Interest Rate Cap	1	50,000
	10	$	717,590

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of March 31, 2013 and December 31, 2012 (amounts in thousands):

	Balance Sheet Location	March 31, 2013		December 31, 2012
Interest rate swaps	Derivatives, at fair value	(5,012	)	$	(3,830	)
Interest rate cap	Derivatives, at fair value	—		—
Total		(5,012	)	$	(3,830	)

Derivative Instruments and Hedging Activities Disclosure

The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for three months endedMarch 31, 2013 and 2012 (amounts in thousands):

	Three Months Ended
	March 31, 2013			March 31, 2012
Amount of loss recognized in accumulated other comprehensive loss from interest rate derivatives (effective portion)	$	(1,859	)	$	(689	)
Amount of loss reclassified from accumulated other comprehensive loss into income as interest expense (effective portion)	$	(682	)	$	(86	)
Amount of loss recognized in income on derivative (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$	—		$	—

Net Amounts of Offsetting Derivative Liabilities Presented in the Consolidated Balance Sheet

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivative liabilities as of March 31, 2013 and December 31, 2012. The Company had no derivative assets (amounts in thousands):

	Offsetting of Derivative Liabilities
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
March 31, 2013	$	5,012	$	—	$	5,012	$	—	$	—	$	5,012
December 31, 2012	$	3,830	$	—	$	3,830	$	—	$	—	$	3,830

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Reclassifications out of Accumulated Other Comprehensive Income ("AOCI")

The following table details reclassification adjustments out of AOCI and the corresponding effect on net income for the three months endedMarch 31, 2013 (amount in thousands):

AOCI Component	Amount Reclassified from AOCI		Affected line item in the Consolidated Statements of Operations and Comprehensive Loss
Unrealized loss on investment securities, net	$	93	Gain on sale of investment securities
Designated derivatives, fair value adjustment	$	682	Interest Expense