Franklin Street Properties: Powell Anderson owns 8%

Franklin Street Properties Corp. (FSP) is the issuer in an amended Schedule 13D reporting beneficial ownership by Powell Anderson Capital Partners LLC and related reporting persons.

Available on EDGAR 10/30/2026 - 09:20 PM EDT Accepted by SEC EDGAR 10/30/2026 - 09:19 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Franklin Street Properties Corp. (FSP) is the issuer in an amended Schedule 13D reporting beneficial ownership by Powell Anderson Capital Partners LLC and related reporting persons. The LLC reports 8,294,084 common shares, or 8.0%; PACP Acadia LLC reports 7,232,085 shares (7.0%), and Powell Anderson Capital LP reports 1,061,999 shares (1.0%). Item 5(b) lists R. Adam Lindsay's beneficial ownership as 8,304,084 shares, including 10,000 held personally; his cover-page table lists 8,294,084 shares.

Powell Anderson Capital Partners LLC is identified as managing member of PACP Acadia LLC and investment manager of Powell Anderson Capital LP; Lindsay is its managing member. The stated total cost of reporting persons' common-stock purchases was approximately $3,401,582, excluding brokerage commissions. The reported ownership percentages are based on 104,011,708 outstanding shares cited from the issuer's Form 10-Q filed October 27, 2026.

Key Figures

Beneficial ownership: 8,294,084 shares Beneficial ownership: 7,232,085 shares Beneficial ownership: 1,061,999 shares +5 more

8 metrics

Beneficial ownership 8,294,084 shares Powell Anderson Capital Partners LLC; 8.0% of the class

Beneficial ownership 7,232,085 shares PACP Acadia LLC; 7.0% of the class

Beneficial ownership 1,061,999 shares Powell Anderson Capital LP; 1.0% of the class

Beneficial ownership 8,304,084 shares R. Adam Lindsay, as stated in Item 5(b); 8.0% of the class

Beneficial ownership 8,294,084 shares R. Adam Lindsay's cover-page table

Shares held personally 10,000 shares R. Adam Lindsay

Shares outstanding 104,011,708 shares Count cited from the issuer's Form 10-Q filed October 27, 2026

Total cost of purchases Approximately $3,401,582 Reporting persons' common-stock purchases, excluding brokerage commissions

Key Terms

beneficially owned, Shared Voting Power, Shared Dispositive Power

3 terms

beneficially owned regulatory

"Aggregate amount beneficially owned by each reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared Voting Power regulatory

"Shared Voting Power 8,294,084.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Shared Dispositive Power regulatory

"Shared Dispositive Power 8,294,084.00"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FSP shares does Powell Anderson Capital Partners LLC beneficially own?

Powell Anderson Capital Partners LLC reports beneficial ownership of 8,294,084 common shares, or 8.0%.

What was the reported total cost of FSP common-stock purchases?

The total cost for purchases of common stock by the reporting persons was approximately $3,401,582, excluding brokerage commissions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

FRANKLIN STREET PROPERTIES CORP /MA/

(Name of Issuer)

Common Stock

(Title of Class of Securities)

35471R106

(CUSIP Number)

R. Adam Lindsay
Powell Anderson Capital Partners LLC, 5532 Lillehammer Lane, Suite 206
Park City, UT, 84098
(801) 824-9444

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

10/28/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 35471R106

1

Name of reporting person

Powell Anderson Capital Partners LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,294,084.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,294,084.00

11

Aggregate amount beneficially owned by each reporting person

8,294,084.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.0 %

14

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person:

This Amendment No. 1 amends and supplements the statement on Schedule 13D filed by Powell Anderson Capital Partners LLC, on October 14, 2026, relating to the shares of Common Stock of Franklin Street Properties Corp. a Maryland corporation (the "Issuer"). Except as specifically provided herein, each Item of the Original Schedule 13D remains unchanged. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Original Schedule 13D.

SCHEDULE 13D

CUSIP Number(s): 35471R106

1

Name of reporting person

PACP Acadia LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,232,085.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,232,085.00

11

Aggregate amount beneficially owned by each reporting person

7,232,085.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 35471R106

1

Name of reporting person

Powell Anderson Capital LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,061,999.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,061,999.00

11

Aggregate amount beneficially owned by each reporting person

1,061,999.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 35471R106

1

Name of reporting person

R. Adam Lindsay

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 10,000.00
8	Shared Voting Power 8,294,084.00
9	Sole Dispositive Power 10,000.00
10	Shared Dispositive Power 8,294,084.00

11

Aggregate amount beneficially owned by each reporting person

8,294,084.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: FRANKLIN STREET PROPERTIES CORP /MA/
(c)	Address of Issuer's Principal Executive Offices: 401 EDGEWATER PLACE, STE 200, Wakefield, MASSACHUSETTS , 01880.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3. Is hereby amended to read as follows: The total cost for purchases of Common Stock by Reporting Persons, excluding brokerage commissions, was approximately $3,401,582. The source of funds for PACP Acadia LLC was cash capital contributions from R. Adam Lindsay, Joel B. Wittenberg, Beam Capital Holdings, LLC, Element Investments, LLC, and ERA Insurance Company, Inc. The source of funds for Powell Anderson Capital LP was working capital. The source of funds for the Common Stock owned directly by R. Adam Lindsay was personal funds.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended to read as follows: The following disclosure is based upon 104,011,708 outstanding Shares as set forth in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on October, 27, 2026
(b)	Item 5(b) is hereby amended to read as follows: Powell Anderson Capital Partners LLC: 8,294,084 shares or 8.0%; a limited liability company organized in Delaware and Managing Member of PACP Acadia LLC and Investment Manager of Powell Anderson Capital LP with power to vote and dispose of shares held by each PACP Acadia LLC: 7,232,085 shares or 7.0%; limited liability company organized in Delaware Powell Anderson Capital LP: 1,061,999 shares or 1.0%; limited partnership organized in Delaware R. Adam Lindsay: 8,304,084 shares or 8.0%; managing member of Powell Anderson Capital Partners LLC with power to vote and dispose of the 8,294,084 shares held by PACP Acadia LLC and Powell Anderson Capital LP and the 10,000 shares held personally.
(c)	See Schedule A
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.2 Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Powell Anderson Capital Partners LLC

Signature:	/s/ R. Adam Lindsay
Name/Title:	Managing Member
Date:	10/30/2026

PACP Acadia LLC

Signature:	/s/ R. Adam Lindsay
Name/Title:	Managing Member of Powell Anderson Capital Partners LLC, the Managing Member of PACP Acadia LLC
Date:	10/30/2026

Powell Anderson Capital LP

Signature:	/s/ R. Adam Lindsay
Name/Title:	Managing Member of Powell Anderson Capital Partners LLC, the Investment Manager of Powell Anderson Capital LP
Date:	10/30/2026

R. Adam Lindsay

Signature:	/s/ R. Adam Lindsay
Name/Title:	R. Adam Lindsay
Date:	10/30/2026