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

6 Months Ended

Jun. 30, 2018


	Six Months Ended June 30,
(in thousands)	2018		2017

Equity in losses of East Wacker	$	26	$	251
Equity in losses of Grand Boulevard		52		347
Impairment charge		309		—
	$	387	$	598


			Maximum		Amount							Interest
(dollars in thousands)		Maturity	Amount		Drawn at		Interest			Draw		Rate at
Sponsored REIT	Location	Date	of Loan		30-Jun-18		Rate (1)			Fee (2)		30-Jun-18

Secured revolving lines of credit
FSP Satellite Place Corp.	Duluth, GA	31-Dec-19	$	5,500	$	1,590	L+	4.4	%	0.5	%	6.40	%
FSP Energy Tower I Corp.	Houston, TX	30-Jun-19		20,000		15,600	L+	5.0	%	0.5	%	7.00	%

Mortgage loan secured by property
FSP Monument Circle LLC (3)	Indianapolis, IN	7-Dec-18		21,000		21,000		4.90	%	n/a		4.90	%
FSP Energy Tower I Corp. (4)	Houston, TX	30-Jun-19		33,000		33,000		6.41	%	n/a		6.41	%

			$	79,500	$	71,190

(1)

The interest rate is 30-day LIBOR rate plus the additional rate indicated, otherwise a fixed rate.

(2)

The draw fee is a percentage of each new advance, and is paid at the time of each new draw.

(3)

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

(4)

This mortgage loan includes an annual extension fee of $108,900 paid by the borrower.


	June 30,		December 31,
(in thousands)	2018		2017

Balance Sheet Data (unaudited):
Real estate, net	$	296,588	$	312,861
Other assets		69,439		74,076
Total liabilities		(148,896)		(151,092)
Shareholders’ equity	$	217,131	$	235,845


	For the Six Months Ended
	June 30,
(in thousands)	2018		2017

Operating Data (unaudited):
Rental revenues	$	25,755	$	28,084
Other revenues		1		4
Operating and maintenance expenses		(13,175)		(14,466)
Depreciation and amortization		(8,606)		(9,943)
Interest expense		(4,030)		(4,226)
Gain (loss) on sale, less applicable income tax		9,393		—
Net income (loss)	$	9,338	$	(547)