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Debt Securities (Tables) | 3 Months Ended
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Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Amortized Cost and Estimated Fair Value | The amortized cost and estimated fair value of the Company’s debt securities at March 31, 2014 are summarized as follows:
Security Description | Face Amount |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value
CMBS (Available-for-Sale) | $ | 25,281 |  |  | $ | 26,364 |  |  | $ | — |  |  | $ | (887 | ) |  | $ | 25,477 |
CMBS (Fair Value Option) | 146,497 |  |  | 146,810 |  |  | 4,432 |  |  | (108 | ) |  | 151,134 |
Total | $ | 171,778 |  |  | $ | 173,174 |  |  | $ | 4,432 |  |  | $ | (995 | ) |  | $ | 176,611 |
The amortized cost and estimated fair value of the Company’s debt securities at December 31, 2013 are summarized as follows:
Security Description | Face Amount |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Loss |  | Estimated Fair Value
CMBS (Available-for-Sale) | $ | 33,066 |  |  | $ | 34,232 |  |  | $ | — |  |  | $ | (870 | ) |  | $ | 33,362 |
CMBS (Fair Value Option) | 155,577 |  |  | 155,946 |  |  | 2,313 |  |  | (173 | ) |  | 158,086 |
Total | $ | 188,643 |  |  | $ | 190,178 |  |  | $ | 2,313 |  |  | $ | (1,043 | ) |  | $ | 191,448 |
Overall Statistics for Company's AAA-Rated CMBS Investments Calculated on Weighted Average Basis | The overall statistics for the Company’s CMBS investments calculated on a weighted average basis assuming no early prepayments or defaults as of March 31, 2014 and December 31, 2013 are as follows:
| March 31, 2014 |  | December 31, 2013
Credit Ratings * | AAA-CCC |  |  | AAA-CCC |
Coupon | 5.8 | % |  | 5.8 | %
Yield | 5.4 | % |  | 5.3 | %
Weighted Average Life | 3.1 years |  |  | 3.1 years |
* | Ratings per Fitch Ratings, Moody’s Investors Service or Standard & Poor's.
Percentage Vintage, Property Type, and Location of Collateral Securing Company's AAA-Rated CMBS Investments Calculated on Weighted Average Basis | The percentage vintage, property type and location of the collateral securing the Company’s CMBS investments (excluding the Hilton CMBS) calculated on a weighted average basis as of March 31, 2014 and December 31, 2013 are as follows:
Vintage | March 31, 2014 |  | December 31, 2013
2006 | 3 | % |  | 3 | %
2007 | 97 |  |  | 97 |
Total | 100 | % |  | 100 | %
Property Type | March 31, 2014 |  | December 31, 2013
Office | 36.0 | % |  | 35.5 | %
Retail | 24.0 |  |  | 24.1 |
Hotel | 13.8 |  |  | 13.7 |
Multifamily | 12.1 |  |  | 12.7 |
Other * | 14.1 |  |  | 14.0 |
Total | 100 | % |  | 100 | %
* No other individual category comprises more than 10% of the total.
Location | March 31, 2014 |  | December 31, 2013
South Atlantic | 23.8 | % |  | 23.4 | %
Middle Atlantic | 23.0 |  |  | 22.8 |
Pacific | 17.0 |  |  | 17.6 |
East North Central | 10.3 |  |  | — |
Other * | 25.9 |  |  | 36.2 |
Total | 100 | % |  | 100 | %
* No other individual category comprises more than 10% of the total.

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