Franklin Street Properties Corp. is a real estate investment trust based in Wakefield, Massachusetts, that focuses on owning infill and central business district (CBD) office properties. The company primarily invests in the U.S. Sunbelt and Mountain West regions. Its portfolio is concentrated in major metropolitan areas including Dallas-Fort Worth, Houston, Denver, and Minneapolis. FSP's strategy is centered on long-term growth and appreciation, engaging in real estate operations that include property acquisitions, dispositions, leasing, and development.
Franklin Street Properties Corp. is executing an ongoing strategic alternatives review process, which began in May 2025, to evaluate corporate transactions and asset sales. The company has focused on a large, high-level plan to de-lever its balance sheet through selective property dispositions and debt reduction. The company continues to deal with the after-effects of large historical transactions designed to lower this debt; notably, the company sold 10 properties in 2021 that generated approximately $603 million in gross proceeds at a 5.5% weighted-average in-place capitalization rate. In March 2026, the company suspended its quarterly dividend payment to preserve approximately $4.1 million in annualized cash, redirecting that capital into leasing efforts across its portfolio.
**Acquisitions**
**Dispositions**
**Refinancings, new loans & other capital markets**
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