Debt Debt (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Debt [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Debt consists of the following (in thousands):

	September 30, 2013		December 31, 2012
Revolving credit facility - unsecured	$	191,000	$	64,000
Bank term loans - unsecured	120,000		120,000
Bank term loan - secured	—		19,250
Fannie Mae term loans - secured (including a premium of $1,782)	80,362		—
	$	391,362	$	203,250

Schedule of Interest Rate Derivatives [Table Text Block]

To mitigate our exposure to interest rate risk, we have entered into the following interest rate swap contracts as of September 30, 2013 (dollars in thousands):

Date Entered	Maturity Date	Fixed Rate	Rate Index	Notional Amount		Fair Value
May 2012	April 2019	3.04%	1-month LIBOR+150 bps	$	40,000	$	189
June 2013	June 2020	3.61%	1-month LIBOR+150 bps	$	80,000	$	(708	)