FSP sells Atlanta office tower for $223.9M, expects Q4 gain of $86.8M

FRANKLIN STREET PROPERTIES CORP /MA/

Gross purchase price of $223.9M; net proceeds after credits and costs ~$216.7M.
Expected gain of approximately $86.8M recorded in Q4 2021.
Partial repayment of BAML Credit Facility of $200M from sale proceeds.
Sale closed October 22, 2021 to Piedmont affiliates; no material relationships.
Pro forma financials show pro forma net loss of $16.0M for six months ended June 30, 2021.

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