Solid Foundation
Franklin Street Properties Corp. (the “Company”, “FSP”, “we” or “our”) (NYSE MKT: FSP) is a real estate investment trust that owns and operates a portfolio of high-quality office buildings in select major markets in the U.S. We are focused on achieving current income and long-term value creation through investments in quality suburban office buildings and select CBD investment properties. As of December 31, 2012, FSP owns 37 properties in 13 states, consisting of approximately 7.9 million rentable square feet. FSP’s portfolio was approximately 94.0% leased as of December 31, 2012. Additionally, the Company manages 15 single-asset REITs (or “Sponsored REITs”), not majority owned by us, and holds seven promissory notes secured by mortgages on real estate owned by Sponsored REITs. The principal revenue sources for our real estate operations include rental income from real estate leasing, interest income from secured loans made on office properties and fee income from asset/property management. In order to create value for shareholders, the Company may engage in real estate acquisitions and dispositions as market conditions dictate.
Based in Wakefield, Massachusetts, FSP is a Maryland corporation. The Company was originally founded in 1997 and has been publicly-traded since mid-2005. To learn more about FSP please visit its website at: www.franklinstreetproperties.com