Franklin Street Properties Corp. Announces Management Changes
May 17, 2016 at 10:20 pm
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Franklin Street Properties Corp. announced a series of leadership changes. As previously announced, Janet P. Notopoulos retired from the Company and resigned her position as Executive Vice President, effective May 12, 2016. As part of her retirement, Ms. Notopoulos also resigned all of her other positions in various subsidiaries and affiliates, including as President of FSP Property Management LLC (FSPPM), effective May 12, 2016. Specifically, the Company announced the following leadership changes: Jeffrey B. Carter has been elected President. He assumed the title of President from George J. Carter, who will remain as Chairman and Chief Executive Officer. In this new role, Mr. Jeffrey B. Carter will oversee the day-to-day execution of the Company’s strategic objectives and business plan. Mr. Jeffrey B. Carter will continue to serve as Chief Investment Officer. Mr. Jeffrey B. Carter joined FSP in 1998. Prior to joining FSP, Mr. Jeffrey B. Carter was employed by Northern Trust. John F. Donahue has been elected Executive Vice President. In addition, Mr. Donahue has been elected President and Chief Executive Officer of FSPPM. He assumed these titles upon Ms. Notopoulos’ retirement on May 12, 2016. Mr. Donahue joined FSP in 2001. Prior to joining FSP, Mr. Donahue worked in the pension fund advisory business for GE Capital and AEW Capital Management. Eriel Anchondo has been elected Executive Vice President and Chief Operating Officer. Mr. Anchondo joined FSP in 2015 as Senior Vice President/Operations. Prior to joining FSP, Mr. Anchondo worked at several financial services firms, including Mercer, New York Life Investment Management and Putnam Investments. Leo “Toby” H. Daley has been elected Senior Vice President. In addition, Mr. Daley has been elected Executive Vice President of FSPPM. Mr. Daley joined FSP in 2004. Prior to joining FSP, Mr. Daley worked at several real estate services companies, including RREEF, Cabot Industrial Trust and Leggat McCall Properties. Patricia A. McMullen has been elected Senior Vice President. In addition, Ms. McMullen has been elected Executive Vice President of FSPPM. Ms. McMullen joined FSP in 1998. Prior to joining FSP, Ms. McMullen was employed by Boston Financial and GE Capital. William S. Friend has been elected Senior Vice President. In addition, Mr. Friend has been elected Executive Vice President of FSPPM. Mr. Friend joined FSP in 2003. Prior to joining FSP, Mr. Friend was employed by RREEF and Cabot Industrial Trust. Andrew J. Klouse has been elected Senior Vice President – Finance and Assistant Treasurer. Mr. Klouse joined FSP in 2004. Prior to joining FSP, Mr. Klouse was employed by RREEF and Cabot Industrial Trust.
Franklin Street Properties Corp. is a real estate investment trust (REIT). The Company is focused on commercial real estate investments primarily in office markets. The Company operates through the real estate operations segment. The Company's investment objectives are to create shareholder value by increasing revenue from rental, dividend, interest and fee income and net gains from sales of properties and increase the cash available for distribution in the form of dividends to its stockholders. Its real estate operations market involves real estate rental operations, leasing, secured financing of real estate and services provided for asset management, property management, property acquisitions, dispositions and development. It owns and operates a portfolio of real estate consisting of approximately 18 properties. The Company's portfolios are located in Dallas, Denver, Houston and Minneapolis.