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Related Party Transactions and Investments in Non-Consolidated Entities (Details 3) (USD $) |  |  | 9 Months Ended | 12 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended |  |  |  | 3 Months Ended | 9 Months Ended |  | 4 Months Ended | 9 Months Ended |  | 3 Months Ended | 9 Months Ended |  | 3 Months Ended | 9 Months Ended |  | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended |  | 9 Months Ended
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Sep. 30, 2011 | Dec. 31, 2010 | Sep. 30, 2011 Acquisition Loan Y | Sep. 30, 2011 Acquisition Loan FSP Union Centre Corp Loan | Dec. 31, 2010 Acquisition Loan FSP Monument Circle Corp. Loan | Sep. 30, 2011 Sponsored REIT Revolver Entity | Mar. 31, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Feb. 28, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Jan. 31, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Sep. 30, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Mar. 02, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Feb. 02, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Jan. 02, 2011 Sponsored REIT Revolver FSP High Land Place I Corp. | Mar. 31, 2011 Sponsored REIT Revolver FSP Satellite Place Corp. | Sep. 30, 2011 Sponsored REIT Revolver FSP Satellite Place Corp. | Jan. 02, 2011 Sponsored REIT Revolver FSP Satellite Place Corp. | Jun. 30, 2011 Sponsored REIT Revolver FSP 1441 Main Street Corp. | Sep. 30, 2011 Sponsored REIT Revolver FSP 1441 Main Street Corp. | Jan. 02, 2011 Sponsored REIT Revolver FSP 1441 Main Street Corp. | Mar. 31, 2011 Sponsored REIT Revolver FSP 505 Waterford Corp. | Sep. 30, 2011 Sponsored REIT Revolver FSP 505 Waterford Corp. | Jan. 02, 2011 Sponsored REIT Revolver FSP 505 Waterford Corp. | Mar. 31, 2011 Sponsored REIT Revolver FSP Phoenix Tower Corp | Sep. 30, 2011 Sponsored REIT Revolver FSP Phoenix Tower Corp | Jan. 02, 2011 Sponsored REIT Revolver FSP Phoenix Tower Corp | Sep. 30, 2011 Construction loan Entity | Mar. 31, 2009 Construction loan FSP 385 Interlocken Development Corp. | Mar. 31, 2011 Construction loan FSP 385 Interlocken Development Corp. | Sep. 30, 2011 Construction loan FSP 385 Interlocken Development Corp. | Jan. 02, 2011 Construction loan FSP 385 Interlocken Development Corp. | Sep. 30, 2011 Sponsored REITs (no non-controlling preferred stock investment) Y | Sep. 30, 2010 Sponsored REITs (no non-controlling preferred stock investment)
Sponsored REITs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term of loan (in years) |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of loans outstanding |  |  |  | 1 | 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of sponsored REITs to which loans have been provided |  |  |  |  |  | 5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of wholly-owned subsidiaries of the sponsored REITs to whom loan has been provided |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |
Term of sponsored REIT loan secured by mortgage, minimum (in years) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |
Term of sponsored REIT loan secured by mortgage, maximum (in years) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
Maximum Amount of Loan |  |  |  |  |  |  |  |  |  | $ 5,500,000 |  |  |  |  | $ 5,500,000 |  |  | $ 10,800,000 |  |  | $ 7,000,000 |  |  | $ 15,000,000 |  |  |  |  | $ 42,000,000 |  | $ 85,800,000 |
Amount Drawn | 61,916,000 | 57,684,000 |  |  |  |  |  |  |  | 1,125,000 |  |  |  |  | 5,500,000 |  |  | 7,300,000 |  |  | 1,150,000 |  |  | 9,300,000 |  |  |  |  | 37,541,000 |  | 61,916,000 |
Sponsored REIT loans, base rate |  |  |  |  |  |  | 30-day LIBOR | 30-day LIBOR | 30-day LIBOR | 30-day LIBOR |  |  |  | 30-day LIBOR | 30-day LIBOR |  | 30-day LIBOR | 30-day LIBOR |  | 30-day LIBOR | 30-day LIBOR |  | 30-day LIBOR | 30-day LIBOR |  |  |  | 30-day LIBOR | 30-day LIBOR |  | 30-day LIBOR |
Sponsored REIT loans, base rate margin (as a percent) |  |  |  |  |  |  |  |  |  | 4.40% | 4.40% | 3.00% | 3.00% |  | 4.40% | 3.00% |  | 4.40% | 3.00% |  | 4.40% | 3.00% |  | 4.40% | 3.00% |  |  |  | 4.40% | 3.00% |  |
Draw Fee (as a percent) |  |  |  |  |  |  |  |  |  | 0.50% |  |  |  |  | 0.50% |  |  | 0.50% |  |  | 0.50% |  |  | 0.50% |  |  |  |  |  |  | 0.50% |
Interest rate (as a percent) |  |  |  |  |  |  |  |  |  | 4.62% |  |  |  |  | 4.62% |  |  | 4.62% |  |  | 4.62% |  |  | 4.62% |  |  |  |  | 4.62% |  |  |
Commitment fee paid by borrower at loan origination |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 210,000 |  |  |  |  |
Interest income and fees from the Acquisition Loan and Sponsored REIT Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 2,280,000 | $ 1,122,000

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