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Related Party Transactions and Investments in Non-Consolidated Entities (Details) (USD $) | 12 Months Ended | 1 Months Ended |  |  | 0 Months Ended | 3 Months Ended |
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2013 entity | Dec. 31, 2012 entity | Dec. 31, 2011 entity | Dec. 31, 2011 Sponsored REITs | Sep. 30, 2006 FSP Phoenix Tower Corp | Dec. 31, 2013 FSP Phoenix Tower Corp | Dec. 20, 2012 FSP Phoenix Tower Corp | Jan. 04, 2013 FSP Phoenix Tower Corp Preferred shares ownership | Sep. 30, 2013 FSP Phoenix Tower Corp Preferred shares ownership | Sep. 30, 2013 FSP Phoenix Tower Corp Common stock ownership | Dec. 31, 2013 FSP 505 Waterford Corp
Related Party Transactions and Investments in Non-Consolidated Entities |  |  |  |  |  |  |  |  |  |  |
Sponsored REITs (in entities) | 14 | 15 | 16 |  |  |  |  |  |  |  |
Fully syndicated (in entities) | 14 | 15 | 16 |  |  |  |  |  |  |  |
Number of REITs in which the entity holds non-controlling preferred stock interest | 2 |  |  |  |  |  |  |  |  |  |
Sponsored REIT |  |  |  |  |  |  |  |  |  |  |
Principal amount of loan |  |  |  |  |  |  |  |  |  |  | $ 2,350,000
Preferred shares purchased |  |  |  |  | 48 |  |  |  |  |  |
Percentage of outstanding preferred shares purchased |  |  |  |  | 4.60% |  |  |  |  |  |
Beneficial interest |  |  |  |  |  | 14,000 | 4,862,000 |  |  |  |
Amount received |  |  |  |  |  |  |  | 4,752,000 | 96,000 | 10,000 |
Management fees eliminated in consolidation |  |  |  | 6,000 |  |  |  |  |  |  |
Interest expense eliminated in consolidation |  |  |  | 197,000 |  |  |  |  |  |  |
Operating Data: |  |  |  |  |  |  |  |  |  |  |
Rental revenue | 93,608,000 | 109,676,000 | 111,417,000 | 1,482,000 |  |  |  |  |  |  |
Operating and maintenance expenses | 48,718,000 | 56,621,000 | 55,672,000 | 480,000 |  |  |  |  |  |  |
Depreciation and amortization | 31,450,000 | 35,143,000 | 33,909,000 | 610,000 |  |  |  |  |  |  |
Interest expense | 13,752,000 | 17,357,000 | 17,180,000 | 197,000 |  |  |  |  |  |  |
Net income | $ 5,607,000 | $ 37,280,000 | $ 4,142,000 | $ 195,000 |  |  |  |  |  |  |

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