WAKEFIELD, Mass.--(BUSINESS WIRE)--
Franklin Street Properties Corp. (the “Company” or “FSP”) (NYSE
American: FSP) announced today that it has assessed the impact of
Hurricane Harvey and its aftermath on its owned and managed properties
located in Texas. FSP’s properties in Houston were minimally impacted by
Hurricane Harvey, with no flood or wind damage, and are fully
operational and open for business. FSP’s properties in Dallas were not
impacted by Hurricane Harvey. The Company will provide updates in the
event of a material change.
“On behalf of Franklin Street Properties, we extend our heartfelt
thoughts and prayers to everyone impacted by Hurricane Harvey and its
aftermath,” stated George J. Carter, Chairman and Chief Executive
Officer of FSP. “We are especially grateful to the first responders who
have worked and continue to work tirelessly to ensure the safety of the
entire community.”
This press release, along with other news about FSP, is available on the
Internet at www.fspreit.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 five
core 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.fspreit.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. 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,
2016, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170830005894/en/
For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496
Source: Franklin Street Properties Corp.