Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2012

Derivatives and Hedging Activities [Abstract]

Schedule of Derivative Instruments [Table Text Block]

As of September 30, 2012, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional
Interest Rate Swaps	4	$215,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the unaudited condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011.

	As of September 30, 2012			As of December 31, 2011
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest Rate Swap Liability	Accounts Payable and Other Liabilities	$	7,114	Accounts Payable and Other Liabilities	$	3,236

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The tables below present the effect of the Company's derivative financial instruments on the unaudited condensed consolidated statements of operations for the nine months ended September 30, 2012 and 2011.

Derivatives in Cash Flow	Amount of Loss Recognized in OCI on Derivatives (Effective Portion) September 30,						Location of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion) September 30,
Hedging Relationships	2012			2011				2012		2011
Interest Rate Swaps	$	(8,746	)	$	(814	)	Interest expense	$	415	$	2,156

Derivatives Not Designated as	Location of Loss Recognized in	Amount of Loss Recognized in Income on Derivative September 30,
Hedging Instruments	Income on Derivative	2012		2011
Forward Purchase Equity Commitment	Change in value of forward equity commitment	$	—	$	(4,318	)