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Investment Banking/Investment Services Activity | 6 Months Ended
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Jun. 30, 2011
Investment Banking/Investment Services Activity |
Investment Banking/Investment Services Activity |
2. Investment Banking/Investment Services Activity During the six months ended June 30, 2011, the Company sold on a best efforts basis, through private placements, preferred stock in the following Sponsored REITs:
Sponsored REIT |  | Property Location |  | Gross Proceeds (1) |
|  |  |  | (in thousands) |
FSP Monument Circle Corp. |  | Indianapolis, IN |  | $ | 4,750 |
FSP Union Centre Corp. |  | West Chester, OH |  | 45,325 |
|  | Total |  | $ | 50,075 |
(1) The syndication of FSP Monument Circle Corp. (“Monument Circle”) commenced in October 2010 and was fully subscribed on March 1, 2011. The syndication of FSP Union Centre Corp. (“Union Centre”), which commenced in March 2011, was not complete at June 30, 2011.

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