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Industrial Logistics Properties Trust to Acquire Monmouth Real Estate Investment Corporation for $4.0 Billion

Industrial Logistics Properties Trust to Acquire Monmouth Real Estate Investment Corporation for $4.0 Billion

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NEWTON, Mass.–(BUSINESS WIRE)–Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has entered into a definitive agreement to acquire all of the outstanding shares of Monmouth Real Estate Investment Corporation (NYSE: MNR) for $21.00 per share in an all-cash transaction, valued at approximately $4.0 billion, including committed MNR acquisitions, transaction costs and the assumption of $409 million of debt. The transaction adds 126 new, Class A, single tenant, net lease

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