Franklin Street Properties Corp (NYSE: FSP) - Overnight Follow-On Term Sheet w/ Prospectus

Company Name: Franklin Street Properties Corp

Ticker: FSP (NYSE)

Deal Type: Overnight Follow-On

Shares Filed: 6,125,000 - 100% Primary

Over-allotment Option: 15.0% - 100% Primary

Last Sale (8/10/16): $13.15

Re-Offer Range: $12.35 - $12.65

Yield / Distribution (@ Re-Offer Mid): 6.08% / $0.76 per share annualized

Base Deal Size (@ Re-Offer Mid): $76.5mm

Post-Deal Market-Cap (@ Re-Offer Mid): $1,328.9mm (106.3mm shares outstanding)

Expected Pricing Date: Thursday, August 11 (pre-open)

Active Book Managers: BMO, BAIRD

Passive Book Manager: STFL

Senior Co-Manager: WUND

Co-Managers:PNC, CAPONE, TD, USB

Use of Proceeds:

The Company intends to use the net proceeds of the offering to repay approximately $45.5 million under its senior unsecured revolving credit facility that was recently borrowed in anticipation of funding the acquisition of Pershing Park Plaza. The remaining portion of the proceeds will be used for general corporate purposes, including funding future acquisitions and investments.

Company Description:

Franklin Street Properties Corp, based in Wakefield, MA, is a REIT comprised of 36 properties totaling 9.6 million square feet. FSP's primary emphasis is on its five core markets: Atlanta, Dallas, Denver, Houston and Minneapolis.