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

6 Months Ended

Jun. 30, 2022

Related Party Transactions and Investments in Non-Consolidated Entities

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		30-Jun-22		30-Jun-22
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) The interest rate is a fixed rate and this mortgage loan includes an origination fee of $164,000 and an exit fee of $38,000 when repaid by the borrower.

Allowance for credit losses rollforward

	For the Six Months Ended June 30,
(Dollars in thousands)		2022		2021
Beginning allowance for credit losses	$	—	$	—
Additional increases or decreases to the allowance for credit losses		1,140		—
Ending allowance for credit losses	$	1,140	$	—