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Related Party Transactions and Investments in Non-Consolidated Entities (Details 2) (USD $) | 3 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, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2011 Sponsored REITs (no non-controlling preferred stock investment) | Sep. 30, 2006 FSP Phoenix Tower Corp. | Jun. 30, 2012 FSP Phoenix Tower Corp. | Jun. 30, 2011 FSP Phoenix Tower Corp. | Dec. 31, 2007 East Wacker | Jun. 30, 2012 East Wacker | Jun. 30, 2011 East Wacker | May 31, 2009 Grand Boulevard | Jun. 30, 2012 Grand Boulevard | Jun. 30, 2011 Grand Boulevard
Sponsored REITs |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings | $ 494,000 | $ 1,166,000 | $ 885,000 | $ 2,134,000 | $ 948,000 |  | $ 25,000 | $ (11,000) |  | $ 968,000 | $ 1,186,000 |  | $ (108,000) | $ 11,000
Preferred shares purchased |  |  |  |  |  | 48 |  |  | 965.75 |  |  | 175.5 |  |
Percentage of outstanding preferred shares purchased |  |  |  |  |  | 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 |  |  | $ 1,827,000 | $ 2,982,000 |  |  |  |  |  |  |  |  |  |

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