Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents information about the Company’s assets and liabilities (including derivatives that are presented net) measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012, aggregated by the level in the fair value hierarchy within which those instruments fall (amounts in thousands):

	Quoted Prices in Active Markets Level 1		Significant Other Observable Inputs Level 2			Significant Unobservable Inputs Level 3			Total
June 30, 2013:
Fund investments	$	—	$	9,920		$	—		$	9,920
Interest rate swap assets	—		10,161			—			10,161
Interest rate swap liabilities	—		(1,186		)	—			(1,186		)
Convertible obligation to Series C Convertible Preferred stockholders	—		—			(445,000		)	(445,000		)
Contingent value rights obligation to preferred and common investors	—		—			(31,134		)	(31,134		)
December 31, 2012:
Preferred securities	$	41,654	$	—		$	—		$	41,654
Interest rate swaps	—		(3,830		)	—			(3,830		)

Fair Value, by Balance Sheet Grouping

The fair values of the Company’s financial instruments that are not reported at fair value on the consolidated balance sheets are reported below (amounts in thousands):

		Carrying Amount at		Fair Value at		Carrying Amount at		Fair Value at
	Level	June 30, 2013		June 30, 2013		December 31, 2012		December 31, 2012
Mortgage notes payable	3	$	269,918	$	271,645	$	265,118	$	271,056
Senior secured revolving credit facility	3	—		—		124,604		124,604
Senior corporate credit facility	3	600,000		600,000		—		—
Total		$	869,918	$	871,645	$	389,722	$	395,660