Franklin Street Properties Corp. Awarded 2015 Green Star Designation by GRESB
09 September 2015 - 6:02AM
Business Wire
Franklin Street Properties Corp. (the “Company”, “FSP”, “its”,
“our” or “we”) (NYSE MKT: FSP), a real estate investment trust
(REIT), announced today that it was awarded a 2015 Green Star
designation by the Global Real Estate Sustainability Benchmark
(GRESB). The Green Star designation is the highest designation
available to GRESB survey participants within the GRESB quadrant
model. As part of the Company’s participation in the GRESB survey,
FSP was evaluated in areas such as management and policy,
monitoring and environmental management system, performance
indicators and building certification and benchmarking.
George J. Carter, President and Chief Executive Officer of the
Company, commented as follows:
“We are pleased to announce the achievement of this designation.
FSP is committed to the continuous enhancement of our portfolio of
buildings and operations in a manner that is sensitive to our
tenants and the environment.”
In addition to GRESB, FSP measures and tracks the success of its
sustainability initiatives through the EPA’s Energy Star program as
well as the U.S. Green Building Council’s Leadership in Energy and
Environmental Design (LEED) rating system.
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.
About Franklin Street Properties Corp.
Franklin Street Properties Corp., based in Wakefield,
Massachusetts, is focused on investing in institutional-quality
office properties in the U.S. FSP’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
www.franklinstreetproperties.com.
About GRESB
GRESB is an industry-driven organization committed to assessing
the sustainability performance of real estate portfolios (public,
private and direct) around the globe. The dynamic benchmark is used
by institutional investors to engage with their investments with
the aim to improve the sustainability performance of their
investment portfolio, and the global property sector at large.
www.gresb.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 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 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 “Risk Factors” set forth in Part I, Item 1A of our Annual
Report on Form 10-K for the year ended December 31, 2014, 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 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.
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For Franklin Street Properties Corp.Georgia Touma,
877-686-9496Investor Relations
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