Derivatives (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivatives and Fair Values

The following is a summary of the terms of our Series F Agreement and its fair value, which is included in accounts payable, accrued expenses and other liabilities on the accompanying consolidated balance sheets:

Hedge Product	Notional Amount		Strike		Trade Date	Maturity Date	Fair Value As of December 31, 2013	Fair Value As of December 31, 2012
Derivatives Not Designated as Hedging Instruments:
Series F Agreement*	$	50,000	5.2175	%	October 1, 2008	October 1, 2013	N/A	$	(826	)

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* Fair value excludes quarterly settlement payment due on Series F Agreement. As of December 31, 2012, the outstanding payable was $305.

Summary of Impact of Derivatives in Cash Flow Hedging Relationships on Statement of Operations and Statement of OCI

The following is a summary of the impact of the derivatives in cash flow hedging relationships on the statements of operations and the statements of OCI for the years ended December 31, 2013 and 2012:

		Year Ended
Interest Rate Products	Location on Statement	December 31, 2013			December 31, 2012
Amortization Reclassified from OCI into Income (Loss)	Interest Expense	$	(2,411	)	$	(2,271	)

Fair Value Measurements on Recurring Basis

The following table sets forth our financial liability related to the Series F Agreement that is accounted for at fair value on a recurring basis as of December 31, 2012:

				Fair Value Measurements at Reporting Date Using:
Description	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Unobservable Inputs (Level 3)
Liabilities:
Series F Agreement at December 31, 2012	$	(826	)	—	—	$	(826	)

Quantitative Information about Level 3 Fair Value Measurements

The following table presents the quantitative information about the Level 3 fair value measurements at December 31, 2012:

	Quantitative Information about Level 3 Fair Value Measurements:
Description	Fair Value			Valuation Technique	Unobservable Inputs	Range
Series F Agreement at December 31, 2012	$	(826	)	Discounted Cash Flow	Long Dated Treasuries (A)	2.82% - 2.91%
					Own Credit Risk (B)	0.98% - 1.59%

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(A) Represents the forward 30 year Treasury CMT Rate.

(B) Represents credit default swap spread curve used in the valuation analysis at December 31, 2012.

Reconciliation of Liabilities Classified as Level 3

The following table presents a reconciliation of our liability classified as Level 3 at December 31, 2013 and 2012:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Derivatives
Ending Liability Balance at December 31, 2011	$	(1,667	)
Mark-to-Market of the Series F Agreement	841
Ending Liability Balance at December 31, 2012	$	(826	)
Mark-to-Market of the Series F Agreement	826
Ending Liability Balance at December 31, 2013	$	—