Franklin Street announces expansion of strategic alternatives

Franklin Street (FSP) Properties “announced that it has expanded its ongoing strategic alternatives review process to include BofA Securities and Jones Lang LaSalle Securities, LLC as co-financial advisors in an expansion of its ongoing strategic review process. The expanded process is designed to enhance the Company’s ability to evaluate and execute a broad range of potential transactions. BofA Securities and JLL Securities bring complementary capabilities across capital markets, mergers and acquisitions, and asset level execution, positioning the Company to assess opportunities at both the portfolio and individual asset levels. The Company intends to continue evaluating a range of strategic alternatives with the objective of maximizing value for shareholders. These alternatives may include, among other things, a sale or merger of the Company, sales of individual assets or groups of assets, joint ventures, or other capital structure or strategic transactions.”