Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities

Summary of notional values of derivative financial instruments

Type/Description	Notional Value		Index	Strike Rate	Maturity
Interest rate cap - cash flow hedge	$	90,000	one-month LIBOR	1.75% - 2.00%	August 15, 2013
Interest rate cap - cash flow hedge	$	70,000	one-month LIBOR	1.75% - 2.00%	August 15, 2013
Interest rate swap - cash flow hedge	$	150,000	one-month LIBOR	0.79%	October 25, 2014

Schedule of fair value of derivative financial instruments, included in "prepaid expenses and other assets" and "other liabilities" on condensed consolidated balance sheet

	Derivative Assets				Derivative Liabilities
Derivatives designated as hedging instruments:	September 30, 2012		December 31, 2011		September 30, 2012			December 31, 2011
Interest rate caps	$	—	$	31	$	—		$	—
Interest rate swaps	—		—		(1,604		)	(621		)
Total derivatives	$	—	$	31	$	(1,604	)	$	(621	)

Schedule of effect of the change in fair value of derivative financial instruments in condensed consolidated statements of operations and comprehensive loss

	Gain (loss) recognized in OCI on derivative
	(effective portion)
	For the Three Months Ended						For the Nine Months Ended
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Interest rate caps	$	17		$	(277	)	$	(3	)	$	(277	)
Interest rate swap	(242		)	—			(983		)	—
Total	$	(225	)	$	(277	)	$	(986	)	$	(277	)
	Amount reclassified from OCI into income
	(effective portion)
	For the Three Months Ended						For the Nine Months Ended
Location	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Interest expense (1)	$	228		$	—		$	645		$	—
Total	$	228		$	—		$	645		$	—

(1)Increases in fair value as a result of accrued interest associated with our swap and cap transactions are recorded in accumulated OCI and subsequently reclassified into income.  Such amounts are shown net in the condensed consolidated statements of changes in equity and offset dollar for dollar.