Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Deferred Financing Costs, Net of Accumulated Amortization

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

(dollars in thousands)	June 30, 2014 (unaudited)			December 31, 2013
Deferred financing costs	$	9,973		$	9,159
Accumulated amortization		(3,071	)		(1,867	)
Deferred financing costs, net	$	6,902		$	7,292

Deferred Leasing Costs, Net of Accumulated Amortization

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

(dollars in thousands)	June 30, 2014 (unaudited)			December 31, 2013
Deferred leasing costs	$	20,298		$	17,374
Accumulated amortization		(7,460	)		(5,516	)
Deferred leasing costs, net	$	12,838		$	11,858

Financial Instruments Held at Fair Value

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

			Fair Value Measurements
	Carrying Value		Level 1		Level 2		Level 3
June 30, 2014
Financial Liabilities:
Interest rate swap liability(1)	$	159	$	—	$	159	$	—
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. The fair value measurement of the interest rate swaps have been classified as Level 2.