Derivative Instruments-Cash Flow Hedge of Interest Rate Risk (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Interest Rate Derivative Designated as Cash Flow Hedge of Interest Rate Risk

As of December 31, 2013, we had one derivative outstanding, which was an interest rate derivative that was designated as a cash flow hedge of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional
Interest Rate Swaps	1	$	45,000,000

Fair Value of Derivative Financial Instruments as well as Classification on Balance Sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet as of December 31, 2013 and 2012:

	As of December 31, 2013			As of December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate derivatives
Assets	Other assets	$	—	Other assets	$	—
Liabilities	Accounts payable and accrued liabilities	$	303,051	Accounts payable and accrued liabilities	$	546,333