Derivatives and Hedging (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of interest rate swaps and caps

As of September 30, 2013 and December 31, 2012, the Company had entered into the following interest rate swaps and caps (in thousands):

	Notional value at						Fair value at
Hedge type	September 30, 2013		December 31, 2012		Hedge interest rate	Maturity	September 30, 2013			December 31, 2012
Swap-cash flow (1)	$	40,000	$	40,000	1.00%	10/6/2013	$	(31	)	$	(265	)
Swap-cash flow (1)	31,000		31,000		1.00%	10/6/2013	(24		)	(205		)
Interest rate cap (1)	—		60,000		1.00%	6/29/2013	—			—
Swap-cash flow (2)	275,000		—		1.12%	11/20/2017	2,765			—
Swap-cash flow (2)	175,000		—		1.56%	3/6/2018	(2,792		)	—
Swap-cash flow (2)	175,000		—		1.64%	3/6/2018	(3,362		)	—
Swap-cash flow (2)	16,500		—		1.83%	9/15/2018	(354		)	—
Swap-cash flow (2)	16,500		—		1.75%	9/15/2018	(294		)	—
Swap-cash flow (2)	40,500		—		1.83%	9/15/2018	(869		)	—
Swap-cash flow (2)	41,500		—		1.75%	9/15/2018	(740		)	—
Swap-cash flow (2)	18,000		—		1.83%	9/15/2018	(386		)	—
Swap-cash flow (2)	17,000		—		1.75%	9/15/2018	(303		)	—
Swap-cash flow (2)	125,000		—		2.02%	3/6/2019	(3,054		)	—
Swap-cash flow (2)	100,000		—		1.94%	3/6/2019	(2,040		)	—
	$	1,071,000	$	131,000			$	(11,484	)	$	(470	)