XML 14 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions and Investments in Non-Consolidated Entities (Details 4) (USD $)
 3 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2012
Sponsored REITs (no non-controlling preferred stock investment)
Mar. 31, 2011
Sponsored REITs (no non-controlling preferred stock investment)
Mar. 31, 2012
Acquisition Loan
Y
Dec. 31, 2011
Acquisition Loan
FSP Union Centre Corp
loan
Mar. 31, 2012
Sponsored REIT Revolver
note
Y
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.
Mar. 31, 2012
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, 2012
Sponsored REIT Revolver
FSP Satellite Place Corp.
Mar. 31, 2011
Sponsored REIT Revolver
FSP Satellite Place Corp.
Mar. 30, 2011
Sponsored REIT Revolver
FSP Satellite Place Corp.
Jan. 02, 2011
Sponsored REIT Revolver
FSP Satellite Place Corp.
Mar. 31, 2012
Sponsored REIT Revolver
FSP 1441 Main Street Corp.
Mar. 31, 2011
Sponsored REIT Revolver
FSP 1441 Main Street Corp.
Mar. 30, 2011
Sponsored REIT Revolver
FSP 1441 Main Street Corp.
Jan. 02, 2011
Sponsored REIT Revolver
FSP 1441 Main Street Corp.
Mar. 31, 2012
Sponsored REIT Revolver
FSP 505 Waterford Corp.
Mar. 31, 2011
Sponsored REIT Revolver
FSP 505 Waterford Corp.
Mar. 30, 2011
Sponsored REIT Revolver
FSP 505 Waterford Corp.
Jan. 02, 2011
Sponsored REIT Revolver
FSP 505 Waterford Corp.
Mar. 31, 2012
Sponsored REIT Revolver
FSP Phoenix Tower Corp.
Mar. 31, 2011
Sponsored REIT Revolver
FSP Phoenix Tower Corp.
Mar. 30, 2011
Sponsored REIT Revolver
FSP Phoenix Tower Corp.
Jan. 02, 2011
Sponsored REIT Revolver
FSP Phoenix Tower Corp.
Mar. 31, 2012
Sponsored REIT Revolver
FSP Gallieria North Corp.
Mar. 30, 2011
Sponsored REIT Revolver
FSP 385 Interlocken Development Corp.
Mar. 31, 2012
Construction loan
note
Mar. 31, 2009
Construction loan
FSP 385 Interlocken Development Corp.
Mar. 31, 2012
Construction loan
FSP 385 Interlocken Development Corp.
Mar. 30, 2011
Construction loan
FSP 385 Interlocken Development Corp.
Jan. 02, 2011
Construction loan
FSP 385 Interlocken Development Corp.
Mar. 31, 2012
Mortgage loan
FSP 50 South Tenth Street Corp.
Dec. 31, 2011
Mortgage loan
FSP 50 South Tenth Street Corp.
Sponsored REITs                                                                              
Number of sponsored REITs to which loans have been provided             6                                                                
Number of wholly-owned subsidiaries of the sponsored REITs to whom loan has been provided                                                                 1            
Commitment fee paid by borrower at loan origination                                                                   $ 210,000          
Term of loan (in years)         2                                                                    
Number of loans outstanding           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 207,000,000                   5,500,000       5,500,000       10,800,000       7,000,000       15,000,000       15,000,000       42,000,000     106,200,000  
Amount Drawn 172,286,000 140,516,000                 1,125,000       5,500,000       7,500,000       1,950,000       12,000,000       470,000       37,541,000     106,200,000  
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% 3.00% 4.40%   3.00% 3.00% 4.40%   3.00% 3.00% 4.40%   3.00% 3.00% 5.00% 3.00%     4.40%   3.00%    
Fixed rate of interest (as a percent)                                                                           6.51%  
Draw Fee (as a percent)                   0.50% 0.50%       0.50%       0.50%       0.50%       0.50%       0.50%             1.00%  
Interest rate (as a percent)                     4.64%       4.64%       4.64%       4.64%       4.64%       5.24%       4.64%     6.51%  
Fixed mortgage amount                                                                           76,200,000  
Revolving line of credit component                                                                           30,000,000  
Loan fee related to fixed mortgage component                                                                           762,000 762,000
Payment of loan fee related to fixed mortgage component                                                                           300,000  
Amount drawn from revolving line of credit component                                                                           30,000,000  
Repayment fee (as a percent)                                                                           0.49% 0.49%
Interest income and fees from the Sponsored REIT Loans     $ 2,327,000 $ 590,000