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Industrial Logistics Properties Trust Sells Six Properties to Its Joint Venture

Industrial Logistics Properties Trust Sells Six Properties to Its Joint Venture

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NEWTON, Mass.–(BUSINESS WIRE)–Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has entered into an agreement to add six industrial properties to its existing joint venture with institutional investors for an aggregate price of approximately $206 million. The properties are 100% leased for a weighted average remaining lease term (by annualized rental income) of 4.0 years and total 2.5 million square feet. ILPT continues to own a 22% equity interest in the joint vent

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