secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001558370-21-013725
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837021013725/0001558370-21-013725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837021013725/fsp-20211022x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013725

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