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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of losses related to long lived assets held and used
The following tables present losses related to the Company’s assets and liabilities that were measured at fair value on a nonrecurring basis during the three months ended March 31, 2013 and 2012 aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):

 
 
MARCH 31, 2013
 
 
 
 
 
 
REMAINING FAIR VALUE
 
THREE MONTHS ENDED
MARCH 31, 2013
 
 
CARRYING VALUE
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
LOSSES
Long-lived assets held and used
 
$
4,434

 
$
—

 
$
3,383

 
$
1,051

 
$
1,082



 
 
MARCH 31, 2012
 
 
 
 
 
 
REMAINING FAIR VALUE
 
THREE MONTHS ENDED
MARCH 31, 2012
 
 
CARRYING VALUE
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
 
TOTAL
LOSSES
Long-lived assets held and used
 
$
864

 
$
—

 
$
650

 
$
214

 
$
3,884
Schedule of quantitative information related to unobservable inputs used in Level 3 fair value measurements for impairment of loss
The following table presents quantitative information related to the range of unobservable inputs used in the Company’s Level 3 fair value measurements for the impairment losses incurred in the three months ended March 31, 2013 and 2012:
 
 
THREE MONTHS ENDED MARCH 31,
UNOBSERVABLE INPUT
 
2013
 
2012
Weighted-average cost of capital
 
9.5%
 
11.2%
Long-term growth rates
 
2.0%
 
3.0%
Annual revenue growth rates (1)
 
2.4% - 3.0%
 
(8.7)% - 3.0%
________________
(1)
Weighted averages of the annual revenue growth rates unobservable input range for the three months ended March 31, 2013 and 2012 were 2.6% and 2.4%, respectively.
Schedule of carrying value and fair value of senior secured credit facilities, CMBS loan and other unsecured debt
The following tables include the carrying value and fair value of the Company’s financial instruments at March 31, 2013 and December 31, 2012 aggregated by the level in the fair value hierarchy in which those measurements fall (in thousands):

 
 
MARCH 31, 2013
 
 
 
 
FAIR VALUE
 
 
CARRYING VALUE
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
Senior secured term loan B facility (1)
 
$
975,000

 
$
—

 
$
985,969

 
$
—

Mortgage loan (2)
 
317,621

 
—

 
—

 
334,927

First mezzanine loan (2)
 
86,800

 
—

 
—

 
90,133

Second mezzanine loan (2)
 
87,103

 
—

 
—

 
91,284

Other notes payable (1)
 
7,213

 
—

 
—

 
6,738



 
 
DECEMBER 31, 2012
 
 
 
 
FAIR VALUE
 
 
CARRYING VALUE
 
LEVEL 1
 
LEVEL 2
 
LEVEL 3
Senior secured term loan B facility (1)
 
$
1,000,000

 
$
—

 
$
1,010,000

 
$
—

Mortgage loan (2)
 
319,574

 
—

 
—

 
334,678

First mezzanine loan (2)
 
87,048

 
—

 
—

 
90,371

Second mezzanine loan (2)
 
87,273

 
—

 
—

 
91,423

Other notes payable (1)
 
9,848

 
—

 
—

 
9,230

_______________
(1)
Represents obligations of OSI.
(2)
Represents obligations of New PRP.