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Franklin Street Properties Corp. Provides Update on Review of Strategic Alternatives

  • Franklin Street Properties Corp. (NYSE: FSP) announced an update on its ongoing review of strategic alternatives initiated by its Board of Directors on May 14, 2025.
  • The review aims to maximize shareholder value & includes potential alternatives such as a sale of the Company, a sale of assets, & refinancing of existing indebtedness.
  • BofA Securities serves as FSP's financial advisor in connection with the strategic review.
  • CEO George J. Carter stated there is no known specific reason for the recent decline in share price & confirmed the process remains active.
  • FSP is currently in active negotiations with a potential lender to refinance all of its existing indebtedness.
  • No assurances can be given regarding the outcome or timetable for the completion of the refinancing transaction or the strategic review.
  • Franklin Street Properties Corp. is a Maryland corporation based in Wakefield, Massachusetts, that operates as a REIT focused on infill & CBD office properties in the U.S. Sunbelt & Mountain West.
  • The press release includes forward-looking statements subject to risks including economic conditions, tariffs, interest rates, & market disruptions.