XML 38 R23.htm IDEA: XBRL DOCUMENT v3.22.0.1

Related Party Transactions and Investments in Non-Consolidated Entities (Tables)

12 Months Ended

Dec. 31, 2021

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)		2021
​	​	​	​
Equity in income of East Wacker	​	$	421	​
Total	​	$	421	​

Schedule of distributions received from non-consolidated REITs

​	​	​	​	​
​	​	​	Year Ended	​
​	​	​	December 31,	​
(in thousands)		2021
​	​	​	​	​
Distributions from East Wacker	​	$	421	​
​	​	$	421	​

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-21

31-Dec-21

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loan secured by property

​

​

​

​

​

​

​

​

​

​

​

​

FSP Monument Circle LLC (1)

​

Indianapolis, IN

​

30-Jun-23

​

$

24,000

​

$

24,000

7.51

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

$

24,000

​

$

24,000

​

​

(1)This mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.

X

- Definition

Tabular disclosure of the mortgage loans receivable on real estate. Information may be provided for each individual mortgage loan or groups of mortgage loans.

+ References

No definition available.

+ Details

Name:	fsp_MortgageLoansOnRealEstateByLoanTableTextBlock
Namespace Prefix:	fsp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of dividend distributions received from the non-consolidated REITs.

+ References

No definition available.

+ Details

Name:	fsp_ScheduleOfDividendDistributionReceivedFromNonConsolidatedREITsTableTextBlock
Namespace Prefix:	fsp_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration