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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenue:      
Rental $ 243,341us-gaap_RealEstateRevenueNet $ 206,926us-gaap_RealEstateRevenueNet $ 150,434us-gaap_RealEstateRevenueNet
Related party revenue:      
Management fees and interest income from loans 6,241fsp_ManagementFeesAndInterestIncomeOperatingRevenue 6,646fsp_ManagementFeesAndInterestIncomeOperatingRevenue 10,947fsp_ManagementFeesAndInterestIncomeOperatingRevenue
Other 101us-gaap_OtherRealEstateRevenue 64us-gaap_OtherRealEstateRevenue 199us-gaap_OtherRealEstateRevenue
Total revenues 249,683us-gaap_Revenues 213,636us-gaap_Revenues 161,580us-gaap_Revenues
Expenses:      
Real estate operating expenses 62,032us-gaap_CostOfRealEstateRevenue 51,100us-gaap_CostOfRealEstateRevenue 37,440us-gaap_CostOfRealEstateRevenue
Real estate taxes and insurance 36,857us-gaap_RealEstateTaxesAndInsurance 31,616us-gaap_RealEstateTaxesAndInsurance 22,904us-gaap_RealEstateTaxesAndInsurance
Depreciation and amortization 95,915us-gaap_DepreciationAndAmortization 78,839us-gaap_DepreciationAndAmortization 54,051us-gaap_DepreciationAndAmortization
Selling, general and administrative 12,983us-gaap_SellingGeneralAndAdministrativeExpense 11,911us-gaap_SellingGeneralAndAdministrativeExpense 9,916us-gaap_SellingGeneralAndAdministrativeExpense
Interest 27,433us-gaap_InterestExpense 21,054us-gaap_InterestExpense 16,068us-gaap_InterestExpense
Total expenses 235,220us-gaap_CostsAndExpenses 194,520us-gaap_CostsAndExpenses 140,379us-gaap_CostsAndExpenses
Income before interest income, equity in earnings of non-consolidated REITs and taxes on income 14,463us-gaap_OperatingIncomeLoss 19,116us-gaap_OperatingIncomeLoss 21,201us-gaap_OperatingIncomeLoss
Interest income 3us-gaap_InvestmentIncomeInterest 16us-gaap_InvestmentIncomeInterest 51us-gaap_InvestmentIncomeInterest
Equity in earnings (losses) of non-consolidated REITs (1,760)us-gaap_IncomeLossFromEquityMethodInvestments (1,358)us-gaap_IncomeLossFromEquityMethodInvestments 2,033us-gaap_IncomeLossFromEquityMethodInvestments
Gain (loss) on sale of property, less applicable income tax 940us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes    
Income before taxes on income 13,646fsp_IncomeLossFromContinuingOperationsBeforeIncomeTaxes 17,774fsp_IncomeLossFromContinuingOperationsBeforeIncomeTaxes 23,285fsp_IncomeLossFromContinuingOperationsBeforeIncomeTaxes
Taxes on income 498us-gaap_IncomeTaxExpenseBenefit 480us-gaap_IncomeTaxExpenseBenefit 335us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 13,148us-gaap_IncomeLossFromContinuingOperations 17,294us-gaap_IncomeLossFromContinuingOperations 22,950us-gaap_IncomeLossFromContinuingOperations
Discontinued operations:      
Income (loss) from discontinued operations, net of income tax   375us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (491)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Gain (loss) on sale, less applicable income tax   2,158us-gaap_DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax (14,826)us-gaap_DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
Total discontinued operations   2,533us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (15,317)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 13,148us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 19,827us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 7,633us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187,405us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 93,855,000us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 82,937,000us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Earnings per share, basic and diluted, attributable to:      
Continuing operations (in dollars per share) $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.18us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.28us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Discontinued operations (in dollars per share)   $ 0.03us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ (0.19)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
Net income per share, basic and diluted (in dollars per share) $ 0.13us-gaap_EarningsPerShareBasicAndDiluted $ 0.21us-gaap_EarningsPerShareBasicAndDiluted $ 0.09us-gaap_EarningsPerShareBasicAndDiluted