Franklin Street Properties Corp. (NYSE:FSP), saw a high level insider increase his holdings with the company through a transaction officially filed today, August 11th. Chief Financial Officer John G. Demeritt acquired 1,000 shares of common stock at an average price of $12.1657 per share. Following this transaction, Demeritt holds a total of 27,000 shares directly in Franklin Street Properties Corp. (NYSE:FSP), a $1.22 billion real estate investment trust (REIT).
FSP Corp holds, directly and indirectly, 100% of the interest in three former subsidiaries: FSP Investments LLC, FSP Property Management LLC, and FSP Holdings LLC and operates some of its business through these subsidiaries. Real estate operations include rental income from real estate leasing, interest income from secured loans made office properties and fee income from asset/property management.
In addition, because it acts as its own investment trust, there are not many hedge fund investors in Franklin Street Properties Corp. (NYSE:FSP) that have any substantial holdings.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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