Industrial Logistics Properties Trust, an industrial and logistics REIT managed by RMR Group, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
The Newton, MA-based company was formed in 2017 and booked $155 million in historical sales for the 12 months ended September 30, 2017. It plans to list on the Nasdaq under the symbol ILPT. Industrial Logistics Properties Trust filed confidentially on September 26, 2017. UBS Investment Bank, Citi and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
