Short answer
FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) filed an 8-K current report with the SEC on July 13, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item EX-99.1 (Exhibit EX-99.1). FSP sold 196,236-square-foot Greenwood Plaza office property in Englewood, Colorado for $19.356 million.
FRANKLIN STREET PROPERTIES CORP /MA/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- FSP sold 196,236-square-foot Greenwood Plaza office property in Englewood, Colorado for $19.356 million
- Approximately $8.5 million of proceeds applied to debt repayment, including interest and fees
- Remaining proceeds retained for tenant improvements, leasing commissions, building improvements and corporate uses
- Disposition reduces FSP’s office asset base while supporting debt reduction and liquidity for leasing investments
Item EX-99.1 · Exhibit EX-99.1
- Property sold July 8, 2026 for $19.356M, generating net proceeds of $17.5M after credits, costs and taxes
- $8.5M of proceeds used for debt repayment, reducing borrowings by $7.5M after exit fees and legal costs
- Pro forma annual revenue declines $4.18M, while interest expense falls $0.723M from lower debt
- Estimated property-sale loss of $7.857M worsens 2025 pro forma net loss to $52.7M and EPS to $(0.51)
- Balance-sheet assets decline to $864.936M and stockholders’ equity to $587.494M post-transaction
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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