FSP News & Events

Franklin Street Properties announced that it is providing an additional update on its previously announced review of strategic alternatives. On May 14, 2025, FSP announced that its Board of Directors had initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. On November 21, 2025, FSP provided an initial update on its review of strategic alternatives. The review remains ongoing and includes a range of potential strategic alternatives, including a sale of the Company, a sale of assets, and a refinancing of existing indebtedness, among others. BofA Securities is acting as FSP's financial advisor in connection with the review. George J. Carter, Chairman and CEO of FSP provided the following statement: "The process we first announced in May 2025 to review strategic alternatives in order to explore ways to maximize shareholder value remains ongoing. As initially announced in the Company's November 21, 2025 press release, FSP remains in active negotiations with a potential lender to refinance all of its existing indebtedness prior to the maturity date of the Company's existing indebtedness. We look forward to continuing to update the market as and when appropriate." No assurances can be given regarding the outcome or timetable for completion of the proposed refinancing transaction or the strategic review process.

Franklin Street Properties is providing an update on its previously announced review of strategic alternatives. On May 14, FSP announced that its Board of Directors had initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review remains ongoing and includes a range of potential strategic alternatives, including a sale of the Company, a sale of assets, and a refinancing of existing indebtedness, among others. BofA Securities is FSP's financial advisor in connection with the review. George Carter, CEO, said, "Regarding the recent decline in our share price, we know of no specific reason for the decline. We continue the process we first announced in May 2025 to review strategic alternatives in order to explore ways to maximize shareholder value. That process continues and, specifically, FSP is currently in active negotiations with a potential lender to refinance all of its existing indebtedness. We look forward to updating the market when the strategic process is complete."

George J. Carter, Chairman and CEO, commented as follows with respect to the company's review of strategic alternatives: "We continue to work with our financial advisor, BofA Securities, in connection with a review of strategic alternatives in order to explore ways to maximize shareholder value. As previously announced, this review includes a range of potential strategic alternatives, including a sale of the company, a sale of assets, and refinancing of existing indebtedness, among others. No assurances can be given regarding the outcome or timetable for completion of the strategic review process. We do not intend to make any further public comment regarding the process until it has been completed."