<SEC-DOCUMENT>0001171520-12-000216.txt : 20120301
<SEC-HEADER>0001171520-12-000216.hdr.sgml : 20120301
<ACCEPTANCE-DATETIME>20120301092535
ACCESSION NUMBER:		0001171520-12-000216
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120301
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120301
DATE AS OF CHANGE:		20120301

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:		12655740

	BUSINESS ADDRESS:	
		STREET 1:		401 EDGEWATER PLACE
		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>
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<DESCRIPTION>FRANKLIN STREET PROPERTIES CORP.
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<B>March 1, 2012</B></P>

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        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><B>Franklin Street Properties Corp.</B></P></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

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    <TD STYLE="width: 34%; border-bottom: windowtext 1pt dashed; font: bold 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">Maryland</TD>
    <TD STYLE="width: 33%; border-bottom: windowtext 1pt dashed; font: bold 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">001-32470</TD>
    <TD STYLE="width: 33%; border-bottom: windowtext 1pt dashed; font: bold 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">04-3578653</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission<BR> File Number)</TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer<BR> Identification No.)</TD></TR>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 50%; border-bottom: windowtext 1pt dashed; font: bold 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">401 Edgewater Place, Suite 200, Wakefield, Massachusetts</TD>
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt dashed; font: bold 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: center">01880</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code<B>: (781) 557-1300</B></P>

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        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">&nbsp;</P></TD></TR>
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    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Former name or former address, if changed since last report.)</TD></TR>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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
(<U>see</U> General Instruction A.2. below):</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 19pt; text-align: right"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

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<TD STYLE="width: 19pt; text-align: right"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

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<TD STYLE="width: 19pt; text-align: right"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</TD>
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<TD STYLE="width: 19pt; text-align: right"><FONT STYLE="font-family: MS Mincho">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</TD>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 7.01. Regulation FD Disclosure.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On March 1, 2012,
Franklin Street Properties Corp. (the &ldquo;Registrant&rdquo;) announced that its affiliate, FSP 50 South Tenth Street Corp.
(the &ldquo;Company&rdquo;), entered into a new lease with Target Corporation at the Company&rsquo;s property located at 50
South Tenth Street, Minneapolis, Minnesota. 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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information in this
Form 8-K (including Exhibit 99.1) shall not be deemed &quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act
of 1934 (the &quot;Exchange Act&quot;) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference
in such a filing.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">Exhibits</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">See Exhibit Index attached
hereto.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

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    <TD COLSPAN="3" STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">FRANKLIN STREET PROPERTIES CORP.</TD></TR>
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    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">Date:&nbsp;March
    1, 2012</TD>
    <TD COLSPAN="3" STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">By:&nbsp; /s/ George J. Carter</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="font: 11pt Times New Roman, Times, Serif; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">George J. Carter</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">President and Chief Executive Officer</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 53%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 37%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 19%; font: 12pt Times New Roman, Times, Serif; text-decoration: underline; text-align: justify">Exhibit No.</TD>
    <TD STYLE="width: 81%; font: 12pt Times New Roman, Times, Serif; text-decoration: underline; text-align: justify">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify">99.1</TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif">Press Release issued by Franklin Street Properties Corp. on March 1,
    2012.</TD></TR>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 2.5in"></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 2.5in; text-align: justify; text-indent: -2.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 2.5in"></TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 11pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%; padding-right: 1.8pt; line-height: normal; font-size: 18pt; border-bottom: Black 1pt solid">PRESS RELEASE</TD>
    <TD STYLE="width: 56%; padding-right: 1.8pt; line-height: normal; font-size: 18pt; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Franklin Street Properties Corp.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: -0.5in; line-height: normal; font-size: 9pt">401 Edgewater Place <FONT STYLE="font-family: Symbol">&#183;</FONT> Wakefield, Massachusetts 01880</TD>
    <TD STYLE="padding-right: -0.5in; line-height: normal; font-size: 9pt; text-align: right">(781) 557-1300 <FONT STYLE="font-family: Symbol">&#183;</FONT> www.franklinstreetproperties.com</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: normal; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="line-height: normal; font-size: 10pt; text-align: right">&nbsp;Contact:&nbsp; Investor Relations&nbsp; - &nbsp;877-686-9496</TD></TR>
</TABLE>
<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">FOR IMMEDIATE RELEASE</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FRANKLIN STREET PROPERTIES CORP. ANNOUNCES</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NEW LEASE WITH TARGET CORPORATION
AT </B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>50 SOUTH TENTH STREET, MINNEAPOLIS,
MINNESOTA</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>WAKEFIELD, MA, -- March 1, 2012
-- </B>Franklin Street Properties Corp. (&ldquo;FSP&rdquo;, &ldquo;our&rdquo; or &ldquo;we&rdquo;) (NYSE Amex: FSP), an investment
firm specializing in real estate, today announced that, based upon the Current Report on Form 8-K (the &ldquo;SEC Filing&rdquo;)
filed by FSP 50 South Tenth Street Corp. (the &ldquo;Company&rdquo;) with the U.S. Securities and Exchange Commission earlier today,
the Company has extended and expanded Target Corporation&rsquo;s lease of space at the Company&rsquo;s property located at 50 South
Tenth Street, Minneapolis, Minnesota. According to the SEC Filing, Target Corporation will now effectively lease 100% of that property&rsquo;s
office space (449,233 rentable square feet) through March 31, 2030 with no early termination rights.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 29, 2011, FSP made a two-year
bridge loan to the Company for up to $106.2 million (the &ldquo;Loan&rdquo;). The Loan includes a term loan component in the amount
of $76.2 million, all of which was funded on December 29, 2011 and used to repay the Company&rsquo;s loan in the same amount from
Bank of America, N.A. in full. The Loan also includes a revolving line of credit component that shall not at any time exceed $30
million. The proceeds of the revolving line component of the Loan are to be used for lender-approved tenant improvement costs,
leasing commissions and other incentives necessary to lease space at the property. According to the SEC Filing, the Company intends
to utilize the full amount of the revolving line component of the Loan to pay leasing costs associated with the lease. Assuming
that is the case, FSP&rsquo;s investment in the 50 South Tenth Street property will be $106.2 million. In addition, according to
the SEC Filing, the Company intends to explore and consider long-term permanent mortgage financing and/or a possible sale of the
property.</P>

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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">George J. Carter, President and Chief
Executive Officer of FSP said, &ldquo;We are pleased to hold the first mortgage at 50 South Tenth Street. We believe that it is
one of the best properties in the Minneapolis central business district and the decision by Target Corporation to maintain
such a significant, long-term presence at the property further reinforces our belief.&rdquo; <FONT STYLE="color: black"> </FONT></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">This press release, along with other
news about FSP, is available on the Internet at www.franklinstreetproperties.com. We routinely post information that may be important
to investors in the Investor Relations section of our website. We encourage investors to consult that section of our website regularly
for important information about us and, if they are interested in automatically receiving news and information as soon as it is
posted, to sign up for E-mail Alerts.</P>

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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0"><B>About Franklin Street Properties Corp.</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Franklin Street Properties Corp., based
in Wakefield, Massachusetts, is focused on achieving current income and long-term growth through investments in commercial properties.
The majority of FSP's property portfolio is suburban office buildings, with select investments in certain central business district
properties. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT)
for federal income tax purposes. To learn more about FSP please visit our website at www.franklinstreetproperties.com.</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/14.25pt Times New Roman, Times, Serif; margin: 0 0 0 0.75pt; text-align: justify"><B>About FSP 50 South Tenth
Street Corp.</B></P>

<P STYLE="font: 12pt/14.25pt Times New Roman, Times, Serif; margin: 0 0 0 0.75pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/14.25pt Times New Roman, Times, Serif; margin: 0 0 0 0.75pt; text-align: justify"><FONT STYLE="font-size: 12pt; color: black">FSP
50 South Tenth Street Corp. was organized in 2006 as a Delaware corporation to purchase, own and operate the property located at
50 South Tenth Street, Minneapolis, Minnesota. Franklin Street Properties Corp. holds the sole share of FSP 50 South Tenth Street
Corp.&rsquo;s common stock. Between November 2006 and January 2007, FSP Investments LLC (member, FINRA and SIPC), a wholly-owned
subsidiary of Franklin Street Properties Corp., completed the sale on a best efforts basis of 700 shares of preferred stock in
FSP 50 South Tenth Street Corp. FSP Investments LLC sold the preferred stock in a private placement offering to &quot;accredited
investors&quot; within the meaning of Regulation D under the Securities Act of 1933. In addition, FSP Property Management LLC,
a wholly-owned subsidiary of Franklin Street Properties Corp., provides on-going asset management and financial reporting services
to FSP 50 South Tenth Street Corp. for a fee. FSP 50 South Tenth Street Corp. operates in a manner intended to qualify as a REIT
for federal income tax purposes. FSP 50 South Tenth Street Corp. is a public reporting company and all of its filings with the
U.S. Securities and Exchange Commission are available at www.sec.gov.</FONT></P>

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<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Statements made in this press release
that state FSP&rsquo;s or management&rsquo;s intentions, beliefs, expectations, or predictions for the future may be 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, economic conditions in the United States, disruptions in the debt
markets, economic conditions in the markets in which we own properties, risks of a lessening of demand for the types of real estate
owned by us, changes in government regulations, geopolitical events 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 &ldquo;Risk Factors&rdquo; set forth in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31,
2011, as the same may be updated from time to time in subsequent filings with the U.S. Securities and Exchange Commission. 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.</P>

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