secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN STREET PROPERTIES CORP /MA/ (FSP)
CIK:        0001031316
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001558370-23-019623
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Street Properties sells two office properties for $116M total; proceeds for debt repayment
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- Closed sale of Blue Lagoon Dr, Miami (213,182 sq ft) for $68M on Dec 6, 2023.
- Closed sale of 7500 Dallas Pkwy, Plano, TX for $48M on Oct 26, 2023.
- Combined gross proceeds of $116M; primarily for repaying debt.
- Pro forma net loss per share improves to ($0.34) for 9M 2023 from historical ($0.50).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031316/000155837023019623/0001558370-23-019623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031316/000155837023019623/fsp-20231206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019623

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer