Brief: Industrial Logistics Properties Trust Sells Six Properties To Its Joint Venture

RMR group

27/12/2021 13:29

Dec 27 (Reuters) - Industrial Logistics Properties Trust
 ILPT.O :
    * PRESS RELEASE - INDUSTRIAL LOGISTICS PROPERTIES TRUST
SELLS SIX
PROPERTIES TO ITS JOINT VENTURE
    * INDUSTRIAL LOGISTICS PROPERTIES TRUST - DEAL FOR $206
MILLION
    * INDUSTRIAL LOGISTICS PROPERTIES TRUST SAYS TO RECEIVE
TOTAL NET
PROCEEDS OF APPROXIMATELY $190 MILLION
    * INDUSTRIAL LOGISTICS PROPERTIES TRUST SAYS PLANS TO USE
PROCEEDS
FROM SALE AND SUBSEQUENT DEBT FINANCING TO REDUCE OUTSTANDING
BORROWINGS
    * INDUSTRIAL LOGISTICS PROPERTIES TRUST - CONTINUES TO OWN
22%
EQUITY INTEREST IN JV, JV PLANS TO INCUR ABOUT $134 MILLION OF
DEBT SECURED BY PROPERTIES IN EARLY 2022

Source text for Eikon:  ID:nBw3ttd0ka 
Further company coverage:  ILPT.O 

 ((Reuters.Briefs@thomsonreuters.com;))