WAKEFIELD, Mass.--(BUSINESS WIRE)--
Franklin Street Properties Corp. (the “Company”, “FSP”, “its”, “our” or
“we”) (NYSE MKT: FSP), a real estate investment trust (REIT), announced
today that it was awarded a 2015 Green Star designation by the Global
Real Estate Sustainability Benchmark (GRESB). The Green Star designation
is the highest designation available to GRESB survey participants within
the GRESB quadrant model. As part of the Company’s participation in the
GRESB survey, FSP was evaluated in areas such as management and policy,
monitoring and environmental management system, performance indicators
and building certification and benchmarking.
George J. Carter, President and Chief Executive Officer of the Company,
commented as follows:
“We are pleased to announce the achievement of this designation. FSP is
committed to the continuous enhancement of our portfolio of buildings
and operations in a manner that is sensitive to our tenants and the
environment.”
In addition to GRESB, FSP measures and tracks the success of its
sustainability initiatives through the EPA’s Energy Star program as well
as the U.S. Green Building Council’s Leadership in Energy and
Environmental Design (LEED) rating system.
This press release, along with other news about FSP, is available on the
Internet at www.franklinstreetproperties.com.
We routinely post information that may be important to investors in the
Investor Relations section of our website. We encourage investors to
consult that section of our website regularly for important information
about us and, if they are interested in automatically receiving news and
information as soon as it is posted, to sign up for E-mail Alerts.
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is
focused on investing in institutional-quality office properties in the
U.S. FSP’s strategy is to invest in select urban infill and central
business district (CBD) properties, with primary emphasis on our top
five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP
seeks value-oriented investments with an eye towards long-term growth
and appreciation, as well as current income. FSP is a Maryland
corporation that operates in a manner intended to qualify as a real
estate investment trust (REIT) for federal income tax purposes. To learn
more about FSP please visit our website at www.franklinstreetproperties.com.
About GRESB
GRESB is an industry-driven organization committed to assessing the
sustainability performance of real estate portfolios (public, private
and direct) around the globe. The dynamic benchmark is used by
institutional investors to engage with their investments with the aim to
improve the sustainability performance of their investment portfolio,
and the global property sector at large. www.gresb.com
Forward-Looking Statements
Statements made in this press release that state FSP’s or management’s
intentions, beliefs, expectations, or predictions for the future may be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. This press release may also contain
forward-looking statements based on current judgments and current
knowledge of management, which are subject to certain risks, trends and
uncertainties that could cause actual results to differ materially from
those indicated in such forward-looking statements. Accordingly, readers
are cautioned not to place undue reliance on forward-looking statements.
Investors are cautioned that our forward-looking statements involve
risks and uncertainty, including without limitation, economic conditions
in the United States, disruptions in the debt markets, economic
conditions in the markets in which we own properties, risks of a
lessening of demand for the types of real estate owned by us, changes in
government regulations and regulatory uncertainty, uncertainty about
governmental fiscal policy, geopolitical events and expenditures that
cannot be anticipated such as utility rate and usage increases,
unanticipated repairs, additional staffing, insurance increases and real
estate tax valuation reassessments. See the “Risk Factors” set forth in
Part I, Item 1A of our Annual Report on Form 10-K for the year ended
December 31, 2014, as the same may be updated from time to time in
subsequent filings with the United States Securities and Exchange
Commission. Although we believe the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. We will not
update any of the forward-looking statements after the date of this
press release to conform them to actual results or to changes in our
expectations that occur after such date, other than as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150908006542/en/
For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496
Investor
Relations
Source: Franklin Street Properties Corp.