XML 32 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Disclosure (Tables)
 6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Summarizes Levels in Fair Value Hierarchy of Financial Instruments
The following table summarizes the levels in the fair value hierarchy into which the Company’s financial instruments were categorized as of June 30, 2013:
 
 
Fair Value as of June 30, 2013
 
Level I
 
Level II
 
Level III
 
Total
AAA-rated CMBS (Available-for-Sale)
$
—

 
$
52,909

 
$
—

 
$
52,909

AAA-rated CMBS (Fair Value Option)
—

 
112,264

 
—

 
112,264

CMBS – Hilton (Fair Value Option)
—

 
71,944

 
—

 
71,944

Interest rate swaps
—

 
(25
)
 
—

 
(25
)
Interest rate caps
—

 
—

 
—

 
—

Total
$
—

 
$
237,092

 
$
—

 
$
237,092

The following table summarizes the levels in the fair value hierarchy into which the Company’s financial instruments were categorized as of December 31, 2012:
 
 
Fair Value as of December 31, 2012
 
Level I
 
Level II
 
Level III
 
Total
AAA-rated CMBS (Available-for-Sale)
$
—

 
$
67,079

 
$
—

 
$
67,079

AAA-rated CMBS (Fair Value Option)
—

 
138,248

 
—

 
138,248

CMBS – Hilton (Fair Value Option)
—

 
73,561

 
—

 
73,561

Interest rate swaps
—

 
(156
)
 
—

 
(156
)
Interest rate caps
—

 
1

 
—

 
1

Total
$
—

 
$
278,733

 
$
—

 
$
278,733