REIT Delays Consideration of Acquisitions

Franklin Street Properties Corp., Wakefield, Mass., has announced a decision by its board of directors to postpone consideration of a possible acquisition or merger of five real estate investment trusts.FSP noted that it has used its stock to acquire sponsored REITs in the past, but said its stock is currently undervalued and this makes it difficult "to craft a beneficial transaction at this time." The five sponsored REITs that FSP had been considering for possible acquisition are FSP Willow Bend Office Center Corp., FSP Innsbrook Corp., FSP 380 Interlocken Corp., FSP Blue Lagoon Drive Corp., and FSP Eldridge Green Corp. FSP, a commercial REIT, can be found online at http://www.franklinstreetproperties.com.