Franklin Street Properties Corp. (FSP)

[Enterprising Investor]

Completion of Acquisition or Disposition of Assets (11/01/23)

On October 26, 2023, FSP One Legacy Circle LLC, a wholly-owned subsidiary of Franklin Street Properties Corp., closed on the sale of the office building located at 7500 Dallas Parkway, Plano, Texas to Land Legacy LP and Manas Legacy LP , pursuant to a Purchase and Sale Agreement dated July 26, 2023, as amended pursuant to a First Amendment to Purchase and Sale Agreement dated September 11, 2023 (as amended, the “Agreement”). There were no material relationships, other than in respect of the Agreement, among the Seller and the Buyer, or any of their respective affiliates. The gross purchase price for the Property was $48,000,000. The Registrant expects to record a gain of approximately $10,570,000 in the fourth quarter of 2023 in connection with the sale of the Property. The Registrant intends to use the proceeds from the sale of the Property primarily for the repayment of debt.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001031316/000155837023017249/fsp-20231026x8k.htm

Unaudited Pro Forma Condensed Consolidated Financial Statements

https://www.sec.gov/Archives/edgar/data/1031316/000155837023017249/fsp-20231026xex99d1.htm