Equity

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

Equity

Note 13. Equity

Distributions

Distributions paid to stockholders consist of ordinary income, capital gains, return of capital or a combination thereof for income tax purposes. The following table presents annualized distributions per share reported for tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e):

	Years Ended December 31,
	2012		2011		2010
Ordinary income	$	0.3022	$	0.3981	$	0.3391
Capital gain		-		-		0.0003
Return of capital		0.3478		0.2519		0.3006
Total distributions	$	0.6500	$	0.6500	$	0.6400

In September 2012, our board of directors approved a daily distribution of $0.0017663 per share, which equates to an annualized yield of 6.5% on our public offering price of $10.00 per share, for each day during the period an investor was a stockholder of record from and including October 1, 2012 through December 31, 2012, which was paid on January 15, 2013.

In December 2012, our board of directors approved adaily distribution of $0.0017663 per share, which equates to an annualized yield of 6.5% on our public offering price of $10.00 per share, for each day that an investor is astockholder of record from and including January 1, 2013 through March 31, 2013, which will be paid in aggregate on or about April 15, 2013.

Accumulated Other Comprehensive Loss

The following table presents the components of accumulated other comprehensive loss reflected in equity. Amounts include our proportionate share of other comprehensive loss from our unconsolidated investments (in thousands):

	December 31,
	2012		2011		2010
Foreign currency translation adjustment	$	(9,006)	$	(22,329)	$	(9,796)
Unrealized loss on derivative instruments		(25,875)		(8,752)		(3,642)
Unrealized appreciation (depreciation) on marketable securities		1,020		(15)		-
Impairment loss on commercial mortgage-backed securities		(1,505)		(1,505)		(1,505)
Accumulated other comprehensive loss	$	(35,366)	$	(32,601)	$	(14,943)