SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


      Date of Report (Date of Earliest Event Reported):    October 8, 2003
                                                         -------------------

                        Franklin Street Properties Corp.
        (formerly known as Franklin Street Partners Limited Partnership)
      ---------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


                                    Maryland
                 ----------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

             000-32615                                04-3578653
      ------------------------           ---------------------------------
      (Commission File Number)           (IRS Employer Identification No.)

    401 Edgewater Place, Suite 200, Wakefield, MA                 01880-6210
    -------------------------------------------------------------------------
    (Address of Principal Executive Offices)                      (Zip Code)


                                 (781) 557-1300
              ----------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


                                 Not Applicable
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


                                        1


Item 9. Regulation FD Disclosure

      As it has done in the past on an annual basis, Franklin Street Properties
Corp. (the "Company") commissioned A.G. Edwards, Inc. to deliver to the Company
an estimate of the value of the Company. On October 7, 2003, A.G. Edwards
informed the Company that its estimate of the value of the Company, as of
October 1, 2003, was $16.45 per share of common stock. There is no public market
for the common stock of the Company.


                                        2


                                    SIGNATURE


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: October 8, 2003          REGISTRANT

                               FRANKLIN STREET PROPERTIES CORP.

                               By:   /s/ George J. Carter
                                   -------------------------------------------
                                         George J. Carter
                                         President and Chief Executive Officer


                                        3