Industrial Logistics Properties Trust Prices $1.62 Billion Fixed Rate Mortgage Financing for Its Consolidated Joint Venture

NEWTON, Mass., April 22, 2026–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’s $1.4 billion of floating rate mortgage debt due in March 2027 and $0.2 billion of fixed rate amortizing mortgage debt. The