Franklin Street Properties Corp. (FSP Corp.) is a real estate investment trust (REIT). The Company operates through its wholly owned subsidiaries, FSP Investments LLC, FSP Property Management LLC and FSP Holdings LLC. It has two business segments: real estate operations and investment banking/investment services. Real estate operations generate rental income from real estate leasing, interest income from secured loans made for interim acquisition or other purposes and fee income from asset/property management. Investment banking/investment services generate brokerage commissions, loan origination fees, development services and other fees related to the organization of single-purpose entities that own real estate and the private placement of equity in those entities. These entities are referred to by the Company as Sponsored REITs. On May 15, 2008, the Company acquired a real estate investment trust by merger, which it refers to as Park Ten Development.
(Source: 10-K) – less – More from ZoomInfo »