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Related Party Transactions and Investments in Non-Consolidated Entities (Details 2) (USD $)
3 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2011
Sponsored REITs (no non-controlling preferred stock investment)
Sep. 30, 2006
FSP Phoenix Tower Corp.
Sep. 30, 2012
FSP Phoenix Tower Corp.
Sep. 30, 2011
FSP Phoenix Tower Corp.
Dec. 31, 2007
East Wacker
Sep. 30, 2012
East Wacker
Sep. 30, 2011
East Wacker
May 31, 2009
Grand Boulevard
Sep. 30, 2012
Grand Boulevard
Sep. 30, 2011
Grand Boulevard
Sponsored REITs                            
Equity in earnings $ 176,000 $ 573,000 $ 1,061,000 $ 2,707,000 $ 1,020,000   $ 48,000 $ 16,000   $ 1,197,000 $ 1,739,000   $ (184,000) $ (36,000)
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     $ 2,733,000 $ 4,086,000