<SEC-DOCUMENT>0001558370-16-006055.txt : 20160517
<SEC-HEADER>0001558370-16-006055.hdr.sgml : 20160517
<ACCEPTANCE-DATETIME>20160517163243
ACCESSION NUMBER:		0001558370-16-006055
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160512
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160517
DATE AS OF CHANGE:		20160517

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
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32470
		FILM NUMBER:		161657897

	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>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>fsp-20160512x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			fsp_current_folio_8k_20160517
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			<a name="_GoBack"></a><font style="display:inline;">UNITED STATES</font><br /><font style="display:inline;">SECURITIES AND EXCHANGE COMMISSION</font><br /><font style="display:inline;">Washington, D.C. 20549</font>
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			<font style="display:inline;font-weight:bold;">FORM 8-K</font>
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			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-weight:bold;font-size:11pt;">CURRENT REPORT</font><br /><font style="display:inline;font-weight:bold;font-size:11pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display:inline;font-size:11pt;">Date of Report (Date of earliest event reported): </font><font style="display:inline;font-weight:bold;font-size:11pt;">May 12, 2016</font>
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						<font style="display:inline;font-size:11pt;">&nbsp;</font></p>
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						<font style="display:inline;font-weight:bold;">FRANKLIN STREET PROPERTIES CORP.</font></p>
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			<font style="display:inline;font-size:11pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display:inline;font-weight:bold;font-size:11pt;">Maryland</font></p>
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						<font style="display:inline;font-weight:bold;font-size:11pt;">001-32470</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11pt;">04-3578653</font></p>
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						<font style="display:inline;font-size:11pt;">(State or other jurisdiction</font></p>
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						<font style="display:inline;font-size:11pt;">of incorporation)</font></p>
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						<font style="display:inline;font-size:11pt;">(Commission</font><br /><font style="display:inline;"></font><font style="display:inline;font-size:11pt;">File Number)</font></p>
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						<font style="display:inline;font-size:11pt;">(IRS Employer</font><br /><font style="display:inline;"></font><font style="display:inline;font-size:11pt;">Identification No.)</font></p>
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			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:5.4pt;">
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-weight:bold;font-size:11pt;">401 Edgewater Place, Suite 200, Wakefield, Massachusetts</font></p>
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						<font style="display:inline;font-weight:bold;font-size:11pt;">01880</font></p>
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						<font style="display:inline;font-size:11pt;">(Address of principal executive offices)</font></p>
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						<font style="display:inline;font-size:11pt;">(Zip Code)</font></p>
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			<font style="display:inline;font-size:11pt;">Registrant&#x2019;s telephone number, including area code: </font><font style="display:inline;font-weight:bold;font-size:11pt;">(781) 557-1300</font>
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						<font style="display:inline;font-size:11pt;">&nbsp;</font></p>
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						<font style="display:inline;font-size:11pt;">&nbsp;</font></p>
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						<font style="display:inline;font-size:11pt;">(Former name or former address, if changed since last report.)</font></p>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">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 (</font><font style="display:inline;font-size:11pt;text-decoration:underline;">see</font><font style="display:inline;font-size:11pt;"> General Instruction A.2. below):</font>
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			<font style="display:inline;font-size:11pt;">&nbsp;&nbsp;</font>
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						<font style="display:inline;font-size:11pt;">&#x25FB;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">&#x25FB;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display:inline;">&nbsp;</font></p>
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						<font style="display:inline;font-size:11pt;">&#x25FB;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:36.00pt;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">&#x25FB;</font></p>
				</td>
				<td valign="top" style="width:auto;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
						<font style="display:inline;font-size:11pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;font-weight:bold;">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">On May 12, 2016, Franklin Street Properties Corp. (the &#x201C;Company&#x201D;) appointed Jeffrey B. Carter, age 44, as President of the Company.&nbsp;&nbsp;Jeffrey Carter is assuming the role of President from George J. Carter, who will remain Chairman of the Board of Directors (the &#x201C;Board&#x201D;) and Chief Executive Officer of the Company.&nbsp;&nbsp;In addition to serving as President, Jeffrey Carter will continue to serve as the Company&#x2019;s Chief Investment Officer, a position he has held since February&nbsp;2012.&nbsp;&nbsp;Previously, Jeffrey&nbsp;Carter served as the Company&#x2019;s Senior Vice President and Director of Acquisitions from 2005 to 2012 and as the Company&#x2019;s Vice President - Acquisitions from 2003 to 2005.&nbsp;&nbsp;He will oversee the day-to-day execution of the Company&#x2019;s strategic objectives and business plan.&nbsp;&nbsp;Prior to joining the Company, Jeffrey&nbsp;Carter worked in Trust Administration for Northern Trust Bank in Miami, Florida.&nbsp;&nbsp;He is a graduate of Arizona State University (B.A.), The George Washington University (M.A.) and Cornell University (M.B.A.).&nbsp;&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">Jeffrey Carter&#x2019;s father, George Carter, serves as Chairman of the Board and Chief Executive Officer of the Company and Jeffrey&nbsp;Carter&#x2019;s brother, Scott H. Carter, serves as Executive Vice President, General Counsel and Secretary of the Company.&nbsp;&nbsp;George Carter, Jeffrey Carter, and Scott Carter each serve, at the Company&#x2019;s request, as executive officers, and George Carter and Jeffrey Carter, as directors, of each of the single-purpose real estate investment trusts whose equity syndication the Company sponsored (the &#x201C;Sponsored REITs&#x201D;). None of them receives any remuneration from the Sponsored REITs for such service.&nbsp;&nbsp;For information on transactions between the Company and its Sponsored REITS, see &#x201C;Transactions with Related Persons&#x2014;Transactions with Related Persons&#x201D; in the Company&#x2019;s Proxy Statement (File No. 001-32470) filed with the Securities and Exchange Commission on April 1, 2016.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">On May 17, 2016, the Company issued a press release announcing, among other things, Jeffrey Carter&#x2019;s appointment as President of the Company, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;">Item 5.07 Submission of Matters to a Vote of Security Holders.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">On May 12, 2016, the Company held its 2016 Annual Meeting of Stockholders (the &#x201C;2016 Annual Meeting&#x201D;). The 2016 Annual Meeting was called for the following purposes: (1) to elect two Class I directors, each to serve for a term expiring at the 2019 annual meeting of stockholders</font><font style="display:inline;font-size:10pt;">&nbsp;</font><font style="display:inline;">and until his respective successor is duly elected and qualified, (2) to ratify the Audit Committee&#x2019;s appointment of Ernst &amp; Young LLP as the Company&#x2019;s independent registered public accounting firm for the fiscal year ending December 31, 2016, and (3) to approve, by non-binding vote, the Company&#x2019;s executive compensation.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;">(1) The following table sets forth the names of the directors elected at the 2016 Annual Meeting for a new three-year term and the final number of votes cast for or withheld from each director and the number of broker non-votes.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Name</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">For</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Withheld</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Broker Non-Votes</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">Brian N. Hansen</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">77,486,448</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">937,444</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">10,263,310</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">Dennis J. McGillicuddy</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">77,457,529</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">966,363</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">10,263,310</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">(2) The proposal to ratify the Audit Committee&#x2019;s appointment of Ernst &amp; Young LLP as the Company&#x2019;s independent registered public accounting firm for the fiscal year ending December 31, 2016 was approved. The final number of votes cast for, against or abstaining from voting on that proposal are listed below.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 75.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:34.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">For</font></p>
				</td>
				<td valign="top" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Against</font></p>
				</td>
				<td valign="top" style="width:33.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Abstain</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">88,017,979</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">655,117</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">14,106</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">(3) The proposal to approve, by non-binding vote, the Company&#x2019;s executive compensation was approved. The final number of votes cast for, against or abstaining from voting on that proposal and broker non-votes are listed below.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">For</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Against</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Abstain</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;font-weight:bold;text-decoration:underline;">Broker Non-Votes</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">76,799,467</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">1,289,380</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">335,045</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">10,263,310</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt 72pt;text-indent: -72pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">Item 9.01&nbsp; Financial Statements and Exhibits.</font>
		</p>
		<p style="margin:6pt 0pt 12pt;text-indent:24.5pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; </font><font style="display:inline;color:#000000;">See Exhibit Index attached hereto.</font>
		</p>
		<p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt 0pt 12pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;font-weight:bold;">SIGNATURE</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:48.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 5.4pt 12pt 5.4pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
				</td>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">Date:&nbsp;&nbsp;May 17, 2016</font></p>
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					<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">FRANKLIN STREET PROPERTIES CORP.</font></p>
				</td>
			</tr>
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				<td valign="top" style="width:48.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 5.4pt 0pt 5.4pt;">
					<p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">By:</font></p>
				</td>
				<td valign="top" style="width:51.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 5.4pt 0pt 5.4pt;">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">/s/ George J. Carter</font></p>
				</td>
			</tr>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">George J. Carter</font><br /><font style="display:inline;">Chief Executive Officer</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;font-size:11pt;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;font-weight:bold;font-size:11pt;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">Exhibit</font><br /><font style="display:inline;">No.</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;&nbsp;</font></p>
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					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">Description</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">99.1</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
						<font style="display:inline;">Press release dated May 17, 2016</font></p>
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		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>fsp-20160512ex99100e482.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Merrill Bridge  6.1.177.0-->
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			fsp_Ex99_1
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	<body><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<a name="_GoBack"></a><font style="display:inline;font-weight:bold;">Exhibit 99.1</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt 36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 18pt;">
						<font style="display:inline;font-size:18pt;">PRESS RELEASE</font></p>
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				<td valign="bottom" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:242.75pt;padding:0pt;">
					<p style="margin:0pt 36pt 0pt 0pt;text-align:right;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 18pt;">
						<font style="display:inline;font-size:18pt;">Franklin Street Properties Corp.</font></p>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt -36pt 0pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;">
			<font style="display:inline;font-size:8pt;">401 Edgewater Place&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp;Suite 200&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp;Wakefield, Massachusetts&nbsp;&nbsp;01880&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp;(781) 557-1300&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;font-family:Symbol;">&#xF0B7;</font><font style="display:inline;font-size:8pt;"> &nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-size:8pt;">www.franklinstreetproperties.com</font>
		</p>
		<p style="margin:0pt 4.5pt 0pt 0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Contact:&nbsp;&nbsp;Georgia Touma, Investor Relations - 877-686-9496</font>
		</p>
		<p style="margin:0pt 4.5pt 0pt 0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt -36pt 0pt 0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:12pt;">For Immediate Release</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">Franklin Street Properties Corp. </font>
		</p>
		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;text-transform:uppercase;">A</font><font style="display:inline;font-family:Times New Roman Bold;font-weight:bold;">nnounces Leadership Changes </font>
		</p>
		<p style="margin:0pt;text-align:center;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;">WAKEFIELD, MA &#x2013; May 17, 2016</font><font style="display:inline;"> &#x2013; Franklin Street Properties Corp. (the &#x201C;Company&#x201D;, &#x201C;FSP&#x201D;, &#x201C;our&#x201D; or &#x201C;we&#x201D;) (NYSE MKT: FSP), a real estate investment trust (REIT), </font><font style="display:inline;color:#000000;">announced today a series of leadership changes.&nbsp;&nbsp;As previously announced, </font><font style="display:inline;">Janet P. Notopoulos retired from the Company and resigned her position as Executive Vice President, effective May 12, 2016.&nbsp;&nbsp;As part of her retirement, Ms. Notopoulos also resigned all of her other positions in our various subsidiaries and affiliates, including as President of FSP Property Management LLC (&#x201C;FSPPM&#x201D;), effective May 12, 2016. </font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">&#x201C;Janet was a strong and valued leader inside FSP for nearly 20 years, and made outstanding contributions to our business.&nbsp;&nbsp;We thank Janet for her service and wish her the best in the future,&#x201D; said FSP Chairman and Chief Executive Officer, George J. Carter.&nbsp; </font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">&#x201C;We are also pleased to elevate our next generation of talent into more prominent leadership roles,&#x201D; said George&nbsp;J. Carter.</font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Specifically, the Company announced the following leadership changes:</font>
		</p>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">Jeffrey B. Carter has been elected President.&nbsp;&nbsp;He assumed the title of President from George J. Carter, who will remain as Chairman and Chief Executive Officer.&nbsp;&nbsp;In this new role, Mr. Jeffrey B. Carter will oversee the day-to-day execution of the Company&#x2019;s strategic objectives and business plan.&nbsp;&nbsp;Mr. Jeffrey&nbsp;B. Carter will continue to serve as Chief Investment Officer.&nbsp;&nbsp;Mr. Jeffrey B. Carter joined FSP in 1998.&nbsp;&nbsp;Prior to joining FSP, Mr. Jeffrey B. Carter was employed by Northern Trust.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">John F. Donahue has been elected Executive Vice President.&nbsp;&nbsp;In addition, Mr. Donahue has been elected President and Chief Executive Officer of FSPPM.&nbsp;&nbsp;He assumed these titles upon Ms. Notopoulos&#x2019; retirement on May 12, 2016.&nbsp;&nbsp;Mr. Donahue joined FSP in 2001.&nbsp;&nbsp;Prior to joining FSP, Mr. Donahue worked in the pension fund advisory business for GE Capital and AEW Capital Management. </font></p></td></tr></table></div>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">Eriel Anchondo has been elected Executive Vice President and Chief Operating Officer.&nbsp;&nbsp;Mr. Anchondo joined FSP in 2015 as Senior Vice President/Operations.&nbsp;&nbsp;Prior to joining FSP, Mr. Anchondo worked at several financial services firms, including Mercer, New York Life Investment Management and Putnam Investments.</font></p></td></tr></table></div>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">Leo &#x201C;Toby&#x201D; H. Daley has been elected Senior Vice President.&nbsp;&nbsp;In addition, Mr. Daley has been elected Executive Vice President of FSPPM.&nbsp;&nbsp;Mr. Daley joined FSP in 2004.&nbsp;&nbsp;Prior to joining FSP, Mr. Daley worked at several real estate services companies, including RREEF, Cabot Industrial Trust and Leggat McCall Properties. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
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</div></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">Patricia A. McMullen has been elected Senior Vice President.&nbsp;&nbsp;In addition, Ms. McMullen has been elected Executive Vice President of FSPPM.&nbsp;&nbsp;Ms. McMullen joined FSP in 1998.&nbsp;&nbsp;Prior to joining FSP, Ms. McMullen was employed by Boston Financial and GE Capital.</font></p></td></tr></table></div>
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				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
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			<p style="border-top:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">William S. Friend has been elected Senior Vice President.&nbsp;&nbsp;In addition, Mr. Friend has been elected Executive Vice President of FSPPM.&nbsp;&nbsp;Mr. Friend joined FSP in 2003.&nbsp;&nbsp;Prior to joining FSP, Mr. Friend was employed by RREEF and Cabot Industrial Trust.&nbsp; </font></p></td></tr></table></div>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;color:#000000;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt;">
			<font style="display:inline;color:#000000;">Andrew J. Klouse has been elected Senior Vice President &#x2013; Finance and Assistant Treasurer.&nbsp;&nbsp;Mr. Klouse joined FSP in 2004.&nbsp;&nbsp;Prior to joining FSP, Mr. Klouse was employed by RREEF and Cabot Industrial Trust.</font></p></td></tr></table></div>
		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">&#x201C;As FSP&#x2019;s original founders and other senior leadership retire, our Board of Directors has extended its succession planning to include senior leadership with proven experience from both inside and outside the Company to help lead us into the future.&nbsp;&nbsp;Succession planning efforts are ongoing.&nbsp;&nbsp;We are very excited about our senior management team leading FSP into 2017 and beyond, and are optimistic about the prospects for resumption of meaningful FFO profit growth as we near completion of our planned property portfolio transition later this year,&#x201D; said George J. Carter.&nbsp; </font>
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			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">This press release, along with other news about FSP, is available on the Internet at </font><font style="display:inline;color:#000000;">www.franklinstreetproperties.com</font><font style="display:inline;color:#000000;">. 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. </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">About Franklin Street Properties Corp.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP&#x2019;s strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our top five markets of Atlanta, Dallas, Denver, Houston, and Minneapolis. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. 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 </font><font style="display:inline;color:#000000;">www.franklinstreetproperties.com</font><font style="display:inline;color:#000000;">. &nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;"><img src="fsp20160512ex99100e482001.gif" style="width: 0.01736111in; height: 0.01736111in" alt="CT?id=bwnews&amp;sty=20140711005521r1&amp;sid=acqr7&amp;distro=nx"></font>
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			<font style="display:inline;font-weight:bold;color:#000000;">Forward-Looking Statements</font><font style="display:inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Statements made in this press release that state FSP&#x2019;s or management&#x2019;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, including our views as to FFO profit growth in future periods, 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 and regulatory uncertainty, uncertainty about governmental fiscal policy, 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 &#x201C;Risk Factors&#x201D; set forth in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2015, as the same may be updated from time to time in subsequent filings with the United States Securities and Exchange Commission. Although we believe the </font><font style="display:inline;color:#000000;"></font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
		<p><font size="1"> </font></p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"><p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;"><font style="display:inline;color:#000000;">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. </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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		<p style="margin:0pt;background-color: #FFFFFF;text-align:left;color:#000000;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">For Franklin Street Properties Corp.</font><br /><font style="display:inline;color:#000000;">Georgia Touma, 877-686-9496 </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;">Source: Franklin Street Properties Corp.</font>
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