Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Deferred Financing Costs, Net of Accumulated Amortization

Deferred financing costs, net of accumulated amortization are as follows:

	September 30,			December 31,
(dollars in thousands)	2014		2013
	(unaudited)
Deferred financing costs	$	18,226	$	9,159
Accumulated amortization		(3,761)		(1,867)
Deferred financing costs, net	$	14,465	$	7,292

Deferred Leasing Costs, Net of Accumulated Amortization

Deferred leasing costs, net of accumulated amortization are as follows:

	September 30,		December 31,
(dollars in thousands)	2014		2013
	(unaudited)
Deferred leasing costs	$	24,348	$	17,374
Accumulated amortization		(8,379)		(5,516)
Deferred leasing costs, net	$	15,969	$	11,858

Financial Instruments Held at Fair Value

The Company’s financial instruments held at fair value are presented below as of September 30, 2014 and December 31, 2013 (dollars in thousands):

		Fair Value Measurements
	Carrying Value	Level 1	Level 2	Level 3
September 30, 2014
Financial Liabilities:
Interest rate swap liability(1)	$                      -	$            -	$             -	$            -
December 31, 2013
Financial Liabilities:
Interest rate swap liability(1)	$                  453	$            -	$         453	$            -

(1) The Company used inputs from quoted prices for similar assets and liabilities in active markets that are directly or indirectly observable relating to the measurement of the interest rate swaps at December 31, 2013. The fair value measurement of the interest rate swaps have been classified as Level 2.  The swaps matured on September 28, 2014, and as such, there were no amounts outstanding on the consolidated balance sheet as of September 30, 2014 related to interest rate swaps.