{"id":953583,"date":"2026-04-22T08:34:01","date_gmt":"2026-04-22T12:34:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-prices-1-62-billion-fixed-rate-mortgage-financing-for-its-consolidated-joint-venture\/"},"modified":"2026-04-22T08:34:01","modified_gmt":"2026-04-22T12:34:01","slug":"industrial-logistics-properties-trust-prices-1-62-billion-fixed-rate-mortgage-financing-for-its-consolidated-joint-venture","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-prices-1-62-billion-fixed-rate-mortgage-financing-for-its-consolidated-joint-venture\/","title":{"rendered":"Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture<\/b><\/p>\n<p class=\"bwalignc\"><i>Financing Proceeds Will Be Used to Fully Repay $1.4 Billion Floating Rate Loan and $0.2 Billion of Fixed Rate Amortizing Mortgage Debt<\/i><\/p>\n<p>NEWTON, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ilptreit.com&amp;esheet=54520260&amp;newsitemid=20260421884527&amp;lan=en-US&amp;anchor=Industrial+Logistics+Properties+Trust+%28Nasdaq%3A+ILPT%29&amp;index=1&amp;md5=c0731861ee70f6b15dec3fb043ddc2b2\">Industrial Logistics Properties Trust (Nasdaq: ILPT)<\/a> today announced that it has priced $1.62 billion of five-year, interest-only fixed rate mortgage financing for its consolidated joint venture, Mountain Industrial REIT LLC, or Mountain JV, at an interest rate of 5.71%. The financing proceeds are expected to be used to refinance Mountain JV\u2019s $1.4 billion of floating rate mortgage debt due in March 2027 and $0.2 billion of fixed rate amortizing mortgage debt. The new financing will be secured by the same 90 industrial properties previously pledged as collateral for the floating rate and amortizing mortgage debt being refinanced. The closing of the financing is expected to occur on or about May 8, 2026.<\/p>\n<p>\nTiffany Sy, Chief Financial Officer and Treasurer of ILPT, made the following statement:<\/p>\n<p class=\"bwmarginl1\">\n\u201cWith this refinancing, Mountain JV will unlock nearly $20 million in annual cash flow by eliminating its amortizing debt. All of ILPT\u2019s consolidated debt will be fixed rate, limiting our exposure to market interest rate volatility. We believe this successful execution underscores the strength of our high quality industrial and logistics properties.\u201d<\/p>\n<p>\nThe financing is being led by Wells Fargo Bank, National Association, and is provided together with Citi Real Estate Funding Inc.; Bank of America, N.A.; UBS AG New York Branch; Morgan Stanley Bank, N.A.; Bank of Montreal, represented by Sidley Austin LLP. Skadden, Arps, Slate, Meagher &amp; Flom LLP serves as legal counsel to ILPT in this transaction.<\/p>\n<p><b>About Industrial Logistics Properties Trust<\/b><\/p>\n<p>\nILPT is a real estate investment trust, or REIT, focused on owning and leasing high quality industrial and logistics properties. As of December 31, 2025, ILPT\u2019s portfolio consisted of 409 properties containing approximately 59.6 million rentable square feet located in 39 states. Approximately 76% of ILPT\u2019s annualized rental revenues as of December 31, 2025 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rmrgroup.com%2FHome%2Fdefault.aspx&amp;esheet=54520260&amp;newsitemid=20260421884527&amp;lan=en-US&amp;anchor=The+RMR+Group+%28Nasdaq%3A+RMR%29&amp;index=2&amp;md5=1c05e7351db84a00f30b7c908b4add82\">The RMR Group (Nasdaq: RMR)<\/a>, a leading U.S. alternative asset management company with over $37 billion in assets under management as of December 31, 2025 and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ilptreit.com%2Fhome%2Fdefault.aspx&amp;esheet=54520260&amp;newsitemid=20260421884527&amp;lan=en-US&amp;anchor=www.ilptreit.com&amp;index=3&amp;md5=258be406b5ed886739c4eb36f47fe297\">www.ilptreit.com<\/a>.<\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">WARNING CONCERNING FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n<p>\nThis press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever ILPT uses words such as \u201cbelieve\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cestimate\u201d, \u201cwill\u201d, \u201cmay\u201d and negatives or derivatives of these or similar expressions, ILPT is making forward-looking statements. These forward-looking statements are based upon ILPT\u2019s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. For example:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe closing of Mountain JV\u2019s $1.62 billion mortgage financing is expected to occur on or about May 8, 2026 with an interest rate of 5.71%, and the financing proceeds are expected to be used to refinance Mountain JV\u2019s $1.4 billion floating rate debt and $0.2 billion of fixed rate amortizing mortgage debt. However, ILPT cannot be sure that Mountain JV will close this financing on the expected terms and\/or for the expected proceeds or at all or that the closing of the financing will not be delayed, or that it will be able to repay its floating rate and\/or amortizing debt with the financing proceeds or when expected; and<\/p>\n<\/li>\n<li>\nMs. Sy made statements in this press release regarding the execution of the secured financing, Mountain JV\u2019s expected annual cash flow and the strength of ILPT\u2019s high quality industrial and logistics properties. However, the closing of the financing is subject to conditions and may not occur on the terms or timeline as expected. As a result, Mountain JV may not be able to eliminate its amortizing debt to increase its annual cash flow, and ILPT may not be able to take advantage of a fixed interest rate and limit its exposure to market interest rate volatility.<\/p>\n<\/li>\n<\/ul>\n<p>\nActual results may differ materially from those contained in or implied by ILPT\u2019s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond ILPT\u2019s control.<\/p>\n<p>\nThe information contained in ILPT\u2019s filings with the SEC, including under the caption \u201cRisk Factors\u201d in ILPT\u2019s periodic reports, or incorporated therein, identifies other important factors that could cause differences from ILPT\u2019s forward-looking statements. ILPT\u2019s filings with the SEC are available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54520260&amp;newsitemid=20260421884527&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=4&amp;md5=3fa273760204286c6154e16de8cbe1e0\">www.sec.gov<\/a>.<\/p>\n<p>\nYou should not place undue reliance upon forward-looking statements.<\/p>\n<p>\nExcept as required by law, ILPT does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.<\/p>\n<p class=\"bwalignc\">\nA Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.<br \/>\n<br \/>No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260421884527r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260421884527\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260421884527\/en\/<\/a><\/span><\/p>\n<p>\nKevin Barry, Senior Director, Investor Relations<br \/>\n<br \/>(617) 219-1410<\/p>\n<p><b>KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Logistics\/Supply Chain Management Transport Commercial Building &amp; Real Estate Construction &amp; Property Asset Management REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260421884527\/en\/714158\/3\/ILPT_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture Financing Proceeds Will Be Used to Fully Repay $1.4 Billion Floating Rate Loan and $0.2 Billion of Fixed Rate Amortizing Mortgage Debt NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has priced $1.62 billion of five-year, interest-only fixed rate mortgage financing for its consolidated joint venture, Mountain Industrial REIT LLC, or Mountain JV, at an interest rate of 5.71%. The financing proceeds are expected to be used to refinance Mountain JV\u2019s $1.4 billion of floating rate mortgage debt due in March 2027 and $0.2 billion of fixed rate amortizing mortgage debt. The new financing will be secured by the same &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-prices-1-62-billion-fixed-rate-mortgage-financing-for-its-consolidated-joint-venture\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-953583","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/industrial-logistics-properties-trust-prices-1-62-billion-fixed-rate-mortgage-financing-for-its-consolidated-joint-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture Financing Proceeds Will Be Used to Fully Repay $1.4 Billion Floating Rate Loan and $0.2 Billion of Fixed Rate Amortizing Mortgage Debt NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has priced $1.62 billion of five-year, interest-only fixed rate mortgage financing for its consolidated joint venture, Mountain Industrial REIT LLC, or Mountain JV, at an interest rate of 5.71%. The financing proceeds are expected to be used to refinance Mountain JV\u2019s $1.4 billion of floating rate mortgage debt due in March 2027 and $0.2 billion of fixed rate amortizing mortgage debt. 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The financing proceeds are expected to be used to refinance Mountain JV\u2019s $1.4 billion of floating rate mortgage debt due in March 2027 and $0.2 billion of fixed rate amortizing mortgage debt. 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