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<SEC-DOCUMENT>0001171520-06-000233.txt : 20060601
<SEC-HEADER>0001171520-06-000233.hdr.sgml : 20060601
<ACCEPTANCE-DATETIME>20060601135228
ACCESSION NUMBER:		0001171520-06-000233
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060601
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060601
DATE AS OF CHANGE:		20060601

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN STREET PROPERTIES CORP /MA/
		CENTRAL INDEX KEY:			0001031316
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				042724223
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32470
		FILM NUMBER:		06879482

	BUSINESS ADDRESS:	
		STREET 1:		401 EDGEWATER PL
		STREET 2:		STE 200
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880
		BUSINESS PHONE:		7815571300

	MAIL ADDRESS:	
		STREET 1:		401 EDGEWATER PLACE
		STREET 2:		STE 200
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRANKLIN STREET PARTNERS LP
		DATE OF NAME CHANGE:	20010301
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eps2145.txt
<DESCRIPTION>FRANKLIN STREET PROPERTIES CORP.
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            -------------------------

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): June 1, 2006



                        Franklin Street Properties Corp.
- --------------------------------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)


           Maryland                 001-32470              04-3578653
- ------------------------------------------------------------------------------
    (State or Other Juris-         (Commission            (IRS Employer
  diction of Incorporation)        File Number)        Identification No.)


401 Edgewater Place, Suite 200, Wakefield, Massachusetts    01880-6210
- --------------------------------------------------------------------------------
        (Address of Principal Executive Offices)            (Zip Code)


       Registrant's telephone number, including area code: (781) 557-1300


- --------------------------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)


      Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 8.01.  Other Events.

      On June 1, 2006, Franklin Street Properties Corp. ("FSP Corp.") announced
the sale of three properties. The full text of the press release issued in
connection with the announcement is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.


Item 9.01.  Financial Statements and Exhibits.

      (d)   Exhibits

      See Exhibit Index attached hereto.


                                        2
<PAGE>

                                    SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       FRANKLIN STREET PROPERTIES CORP.

Date:  June 1, 2006                    By: /s/ George J. Carter
                                           -------------------------------------
                                           George J. Carter
                                           President and Chief Executive Officer


                                        3
<PAGE>

                                  EXHIBIT INDEX

Exhibit No.                Description
- -----------                -----------

99.1                       Press Release issued by FSP Corp. on June 1, 2006.


                                        4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.txt
<TEXT>

                                                                    Exhibit 99.1


PRESS RELEASE             Franklin Street Properties Corp.
- --------------------------------------------------------------------------------
     401 Edgewater Place - Suite 200 - Wakefield, Massachusetts 01880-6210
                (781) 557-1300 - www.franklinstreetproperties.com

                                           Contact: Donna Brownell: 877-686-9496


                   FRANKLIN STREET PROPERTIES CORP. COMPLETES
                            SALE OF THREE PROPERTIES

Wakefield, MA--June 1, 2006--Franklin Street Properties Corp. ("FSP") (AMEX:
FSP) announced today that it has completed the sale of an apartment complex in
Katy, Texas, an office property in Santa Clara, California and an office
property in Fairfax, Virginia. Each of the properties was sold for a gain. The
apartment complex in Katy, Texas contains approximately 228 residential units
consisting of approximately 231,363 square feet, the office property in Santa
Clara, California contains approximately 40,280 square feet and the office
property in Fairfax, Virginia contains approximately 210,993 square feet. The
sale of the three properties generated total sale proceeds of approximately $88
million and resulted in a net gain of approximately $28 million. FSP is
currently reviewing several potential replacement properties and expects to
redeploy substantially all of the proceeds from the sale of the three properties
to the acquisition of one or more replacement properties.

George J. Carter, President and Chief Executive Officer of FSP, said the
following: "The sale of these three properties is consistent with our strategic
plan to make dispositions of properties for either 'property specific' and/or
'market driven' reasons and to reinvest the sale proceeds into other properties
or investment opportunities that we believe have the potential for increased
returns."

About Franklin Street Properties Corp.

Franklin Street Properties Corp. is a real estate investment trust based in
Wakefield, Massachusetts, focused on achieving current income and long-term
growth through investments in commercial properties. FSP operates in two
business segments: real estate operations and investment banking/investment
services. FSP owns an unleveraged portfolio of real estate. The majority of
FSP's property portfolio is suburban office buildings. FSP's subsidiary, FSP
Investments LLC (member, NASD and SIPC), is a real estate investment banking
firm and a registered broker/dealer. The primary activity of the investment bank
is the organization of single purpose entities that acquire, own and operate
specific real estate properties. FSP Investments LLC raises all of the capital
required to fully equitize those entities through private placement offerings.
To learn more about FSP please visit our website at
www.franklinstreetproperties.com.

Forward-Looking Statements

Statements made in this press release that state FSP's or management's
intentions, beliefs, expectations, or predictions for the future are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. This press release may also contain
forward-looking statements based on current judgments and current knowledge of
management, which are subject to certain risks, trends and uncertainties that
could cause actual results to differ materially from those indicated in such
forward looking statements. Accordingly, readers are cautioned not to place
undue reliance on forward-looking statements. Investors are cautioned that our
forward-looking statements involve risks and uncertainty, including without
limitation changes in economic conditions in the markets in which we own
properties, changes in the demand by investors for investment in Sponsored REITs
(as defined in our Quarterly Report on Form 10-Q for the quarter ended March 31,
2006), risks of a lessening of demand for the types of real estate owned by us,
changes in government regulations, and expenditures that cannot be anticipated
such as utility rate and usage increases, unanticipated repairs, additional
staffing, insurance increases and real estate tax valuation reassessments. See
the "Risk Factors" set forth in Item 1A of our Quarterly Report on Form 10-Q for
the quarter ended March 31, 2006. Although we believe the expectations reflected
in the forward looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. We will not update any
of the forward-looking statements after the date of this press release to
conform them to actual results or to changes in our expectations that occur
after such date, other than as required by law.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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