About Us


Franklin Street Properties Corp. (FSP) (NYSE American: FSP) is a real estate investment trust (REIT) focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation. FSP's real estate operations include property acquisitions and dispositions, leasing, development, redevelopment and asset management. FSP began operations in 1997 in Wakefield, MA and became a publicly-traded company in June 2005.

Our Business

As of December 31, 2019, FSP owned and operated a portfolio of real estate consisting of 32 operating properties, 3 redevelopment properties, and 2 managed Sponsored REITs. FSP has worked to recast our office portfolio into one characterized by higher quality with significantly more of an infill and urban orientation located within targeted higher growth potential Sunbelt and Mountain West markets. FSP broadly views our directly-owned portfolio as possessing upside value creation potential for our shareholders through the achievement of leasing success. Additionally, FSP may also pursue, on a selective basis, the sale of certain of its properties in order to take advantage of value creation and strong location-based demand cycles, or for geographic or property-specific reasons. FSP management believes that harvesting appreciation gains in its properties represents a meaningful contribution to the total return earned by its investors.


FSP’s investment strategy is to own high quality infill and central business district (CBD) office properties within the Sunbelt and Mountain West as well as select opportunistic markets and to manage them to build long-term value for our shareholders. Our primary focus continues to be on enhancing value within our portfolio primarily through leasing success. FSP endeavors to minimize the risk of investing in a traditionally cyclical asset class by not having secured debt at the property level. FSP believes that matching a flexible, moderate leverage ratio with its office investments will allow it to take advantage of disposition opportunities during peaks in the cycles and protect its investments from foreclosure or refinancing risk during the cyclical lows.