Franklin Street says review of strategic alternatives ‘remains ongoing’

Franklin Street (FSP) 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.”