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Derivatives (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Interest Rate Swap and Cap Contracts


Date Entered	Effective Date	End Date	Pay Fixed Rate			Receive Floating Rate Index		Notional Amount			Fair Value as of December 31, 2011				Fair Value as of June 30, 2012
March 28, 2008	March 28, 2008	March 27, 2013		3.32	%		1 month LIBOR		33,062	$		(1,156	)	$		(742	)
January 16, 2009	January 13, 2009	January 13, 2012		1.62	%		1 month LIBOR		N/A			(10	)			0
August 19, 2010	August 31, 2010	March 27, 2012		0.63	%		1 month LIBOR		N/A			(22	)			0
October 15, 2010	November 1, 2010	April 23, 2013		0.94	%		1 month LIBOR		29,727			(181	)			(157	)
January 7, 2011	January 7, 2011	January 13, 2013		0.91	%		1 month LIBOR		26,221			(121	)			(86	)
January 7, 2011	January 7, 2011	January 13, 2013		0.91	%		1 month LIBOR		22,809			(105	)			(75	)
April 28, 2011	May 3, 2011	September 30, 2012		1.575	%		1 month LIBOR		56,702			(481	)			(181	)
September 1, 2011	September 29, 2012	September 29, 2014		0.79	%		1 month LIBOR		56,702			(130	)			(421	)
October 14, 2011	October 14, 2011	October 22, 2013		1.037	%		1 month LIBOR		8,446			(78	)			(73	)

									233,669	$		(2,284	)			(1,735	)

Effect of Derivative Financial Instruments in Statement of Operations and Other Comprehensive Income


Derivatives in ASC 815 Cash Flow Hedging Relationships		Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)					Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)			Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
			Six Months Ended June 30,								Six Months Ended June 30,							Six Months Ended June 30,
			2012		2011						2012		2011					2012		2011
Interest Rate Products	$		549	$	(170	)		Interest expense	$		1,225	$	(2,129)		Interest expense	$		0	$	(71)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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