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Related Party Transactions and Investments in Non-Consolidated Entities (Details) (USD $) | 3 Months Ended | 6 Months Ended |  | 6 Months Ended | 1 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended
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Jun. 30, 2011 | Mar. 31, 2011 | Jun. 30, 2010 | Mar. 31, 2010 | Jun. 30, 2011 | Jun. 30, 2010 | Dec. 31, 2010 | Jun. 30, 2011 Sponsored REITs (no non-controlling preferred stock investment) | Jun. 30, 2010 Sponsored REITs (no non-controlling preferred stock investment) | Sep. 30, 2006 FSP Phoenix Tower Corp | Jun. 30, 2011 FSP Phoenix Tower Corp | Jun. 30, 2010 FSP Phoenix Tower Corp | Dec. 31, 2007 East Wacker | Jun. 30, 2011 East Wacker | Jun. 30, 2010 East Wacker | May 31, 2009 Grand Boulevard | Jun. 30, 2011 Grand Boulevard | Jun. 30, 2010 Grand Boulevard
Related Party Transactions and Investments in Non-Consolidated Entities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sponsored REITs | 16 |  | 14 |  | 16 | 14 | 15 |  |  |  |  |  |  |  |  |  |  |
Fully syndicated | 15 |  |  |  | 15 |  |  |  |  |  |  |  |  |  |  |  |  |
Not fully syndicated | 1 |  |  |  | 1 |  |  |  |  |  |  |  |  |  |  |  |  |
Number of REITs in which the entity holds non-controlling preferred stock interest | 3 |  |  |  | 3 |  |  |  |  |  |  |  |  |  |  |  |  |
Sponsored REIT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings | $ 1,166,000 |  | $ 380,000 |  | $ 2,134,000 | $ 633,000 |  | $ 948,000 | $ 162,000 |  | $ (11,000) | $ (9,000) |  | $ 1,186,000 | $ 367,000 |  | $ 11,000 | $ 113,000
Preferred shares purchased (in shares) |  |  |  |  |  |  |  |  |  | 48 |  |  | 965.75 |  |  | 175.5 |  |
Percentage of outstanding preferred shares purchased (as a percent) |  |  |  |  |  |  |  |  |  | 4.60% |  |  | 43.70% |  |  | 27.00% |  |
Net cost of preferred shares purchased |  |  |  |  |  |  |  |  |  | 4,116,000 |  |  | 82,813,000 |  |  | 15,049,000 |  |
Offering price of preferred shares purchased |  |  |  |  |  |  |  |  |  | 4,800,000 |  |  | 96,575,000 |  |  | 17,550,000 |  |
Commissions excluded |  |  |  |  |  |  |  |  |  | 384,000 |  |  | 7,726,000 |  |  | 1,404,000 |  |
Loan fees excluded |  |  |  |  |  |  |  |  |  |  |  |  | 5,553,000 |  |  | 1,009,000 |  |
Acquisition fees excluded |  |  |  |  |  |  |  |  |  | 300,000 |  |  | 483,000 |  |  | 88,000 |  |
Distributions from non-consolidated REITs | $ 1,215,000 | $ 1,767,000 | $ 1,324,000 | $ 1,407,000 | $ 2,982,000 | $ 2,731,000 |  |  |  |  |  |  |  |  |  |  |  |

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