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Related Party Transactions and Investments in Non-Consolidated Entities (Tables) | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions and Investments in Non-Consolidated Entities |
Schedule of equity in losses of investments in non-consolidated REITs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(in thousands) |  | 2018 |  | 2017 |
​ | ​ | ​ | ​ | ​ | ​ | ​ |
Equity in income (loss) of East Wacker | ​ | $ | 7,209 | ​ | $ | (428) | ​
Equity in loss of Grand Boulevard | ​ | ​ | (107) | ​ | ​ | (657) | ​
Impairment charge | ​ |  | (309) | ​ |  | (2,519) | ​
Total | ​ | $ | 6,793 | ​ | $ | (3,604) | ​
Schedule of distributions received from non-consolidated REITs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(in thousands) |  | 2018 |  | 2017 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distributions from East Wacker | ​ | $ | 657 | ​ | $ | 1,289 | ​
Distributions from Grand Boulevard | ​ |  | 53 | ​ |  | 107 | ​
​ | ​ | $ | 710 | ​ | $ | 1,396 | ​
Summary of financial information of Sponsored REITs | ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, |
(in thousands) | ​ | 2018 |
​ | ​ | ​ | ​ |
Balance Sheet Data (unaudited): | ​ | ​ | ​ | ​
Real estate, net | ​ | $ | 97,034 | ​
Other assets | ​ |  | 18,532 | ​
Total liabilities | ​ |  | (75,382) | ​
Shareholders’ equity | ​ | $ | 40,184 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended |
​ | ​ | December 31, |
(in thousands) |  | 2018 |  | 2017 |
​ | ​ | ​ | ​ | ​ | ​ | ​ |
Operating Data (unaudited): | ​ | ​ | ​ | ​ | ​ | ​ | ​
Rental revenues | ​ | $ | 40,382 | ​ | $ | 53,249 | ​
Other revenues | ​ |  | 1 | ​ |  | 7 | ​
Operating and maintenance expenses | ​ |  | (20,584) | ​ |  | (27,495) | ​
Depreciation and amortization | ​ |  | (13,077) | ​ |  | (18,395) | ​
Interest expense | ​ |  | (6,869) | ​ |  | (8,281) | ​
Gain (loss) on sale | ​ |  | 17,095 | ​ |  | (702) | ​
Net income (loss) | ​ | $ | 16,948 | ​ | $ | (1,617) | ​
Summary of the Sponsored REIT Loans outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  |  |  | Maximum |  | Amount | Interest |
(dollars in thousands, except footnotes) |  | ​ | ​ | Maturity | ​ | Amount | ​ | Outstanding | Rate at |
Sponsored REIT |  | Location | ​ | Date | ​ | of Loan | ​ | 31-Dec-19 | 31-Dec-19 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
Mortgage loan secured by property | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FSP Monument Circle LLC (1) | ​ | Indianapolis, IN | ​ | 6-Dec-20 | ​ | ​ | 21,000 | ​ | ​ | 21,000 | 7.19 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | $ | 21,000 | ​ | $ | 21,000 | ​ | ​
(1)This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.

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