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

Core Viewpoint - Franklin Street Properties Corp. (FSP) is currently reviewing strategic alternatives to maximize shareholder value, which includes potential asset sales and refinancing of existing debt [1][2]. Group 1: Strategic Review - The Board of Directors initiated a review of strategic alternatives on May 14, 2025, to explore ways to enhance shareholder value [1]. - The ongoing review includes various options such as a sale of the company, asset sales, and refinancing existing indebtedness [1]. - BofA Securities is serving as the financial advisor for FSP during this review process [1]. Group 2: Share Price and Financial Negotiations - The company has noted a recent decline in its share price but has not identified a specific reason for this drop [2]. - FSP is actively negotiating with a potential lender to refinance all of its existing indebtedness [2]. - The company aims to provide updates to the market once the strategic review process is complete [2]. Group 3: Company Overview - Franklin Street Properties Corp. is based in Wakefield, Massachusetts, and focuses on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West regions [4]. - The company seeks value-oriented investments aimed at long-term growth and appreciation, as well as current income [4]. - FSP operates as a real estate investment trust (REIT) for federal income tax purposes [4].