ILPT Industrial Logistics

Industrial Logistics Properties Trust Names John C. Popeo as Managing Trustee

Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that John C. Popeo has been elected as a Managing Trustee of ILPT effective March 27, 2018 to fill a vacancy on the Board.

Mr. Popeo (age 57) is the President and Chief Operating Officer of ILPT. In addition, Mr. Popeo is Executive Vice President of The RMR Group LLC, is Chief Financial Officer and Treasurer of Select Income REIT, the owner of approximately 69.2% of ILPT’s outstanding common shares and has served as the chief financial officer of other publicly traded real estate companies managed by The RMR Group LLC. Prior to joining The RMR Group in 1997, Mr. Popeo held accounting and finance positions at other real estate companies, including The Beacon Companies and First Winthrop Corporation. Mr. Popeo is a certified public accountant.

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

EN
27/03/2018

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Industrial Logistics Properties Trust Announces its Initial Dividend o...

NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced a prorated cash distribution on its common shares of $0.27 per common share for the period from January 17, 2018 (the effective date of ILPT’s initial public offering) through March 31, 2018. This pro-rated cash distribution is based upon a quarterly dividend rate of $0.33 per share ($1.32 per share per year). This pro-rated distribution will be paid to ILPT’s common shareholders of record as of the close of business on April 30, 2018...

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