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

12 Months Ended

Dec. 31, 2020

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
Equity in income of East Wacker	$	7,209
Equity in loss of Grand Boulevard		(107)
Impairment charge		(309)
Total	$	6,793

Schedule of distributions received from non-consolidated REITs

		Year Ended
		December 31,
(in thousands)	2018
Distributions from East Wacker	$	657
Distributions from Grand Boulevard		53
	$	710

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

		Year Ended
		December 31,
(in thousands)	2018
Operating Data (unaudited):
Rental revenues	$	40,382
Other revenues		1
Operating and maintenance expenses		(20,584)
Depreciation and amortization		(13,077)
Interest expense		(6,869)
Gain on sale		17,095
Net income	$	16,948

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-20		31-Dec-20
Mortgage loan secured by property
FSP Monument Circle LLC (1)	Indianapolis, IN	6-Dec-22	$	21,000	$	21,000	7.51	%
			$	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.