Franklin Street Properties Corp. Announces Review of Strategic Alternatives
Franklin Street Properties Corp. (NYSE American: FSP) ('FSP' or the 'Company') announced today that its Board of Directors has initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review will include a range of potential strategic alternatives, including a sale of the Company, a sale of assets, and a refinancing of existing indebtedness, among others.
'The Board of Directors is committed to maximizing value for all our shareholders,' stated George J. Carter, Chairman and CEO. 'We believe that FSP's share price does not adequately reflect the underlying value of our real estate, and, accordingly, we have undertaken this strategic review process to explore opportunities to eliminate this disconnect.'
FSP has engaged BofA Securities as its financial advisor in connection with the review.
No assurances can be given regarding the outcome or timetable for completion of the strategic review process. FSP does not intend to make any further public comment regarding the process until it has been completed.
This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly for important information about us and, if they are interested in automatically receiving news and information as soon as it is posted, to sign up for E-mail Alerts.
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250514501040/en/
CONTACT: For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT
SOURCE: Franklin Street Properties Corp.
Copyright Business Wire 2025.
PUB: 05/14/2025 06:30 AM/DISC: 05/14/2025 06:31 AM
http://www.businesswire.com/news/home/20250514501040/en
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