Franklin Street Properties Corp. to Present at New York Society of Security Analysts Conference

Franklin Street Properties Corp. (FSP) will participate in the New York Society of Security Analysts 16th Annual Investing in the REIT Industry Conference on March 30. CEO George J. Carter and CFO John Demeritt will deliver a presentation at 9:10 AM (ET), which will be followed by a replay available on the company's website, www.franklinstreetproperties.com. FSP is a real estate investment trust based in Wakefield, Massachusetts, focused on achieving current income and long-term growth through investments in commercial properties.

Key Takeaways:

  • FSP operates in two business segments: real estate operations and investment banking/investment services.
  • The company owns an unleveraged portfolio of real estate, with a majority of its property portfolio consisting of suburban office buildings.
  • FSP's subsidiary, FSP Investments LLC, is a registered broker/dealer and real estate investment banking firm.
  • FSP Investments LLC is responsible for organizing single-purpose entities that acquire, own, and operate specific real estate properties.
  • The primary activity of the investment bank is to raise capital through private placement offerings for these entities.
  • FSP has been in operation since its origination in 1997 and has applied "uncompromising discipline" to its real estate investing.
  • The company's CEO, George J. Carter, and CFO, John Demeritt, are scheduled to present at the New York Society of Security Analysts conference on March 30.

Statistics:

  • FSP was founded in 1997.
  • The company has been in operation for 23 years.
  • FSP's property portfolio is comprised of 100% suburban office buildings.
  • FSP's subsidiary, FSP Investments LLC, has raised capital through private placement offerings for single-purpose entities.
  • FSP operates in two regions: real estate operations and investment banking/investment services.

Sources:

  • "Franklin Street Properties Corp. to Present at New York Society of Security Analysts Conference." Market Wire, 27 Mar 2006.
  • "About Franklin Street Properties Corp." Franklin Street Properties Corp., n.d.