Industrial Logistics Properties Trust Secures $1.2B Refinance Across 101-Property Industrial Portfolio

The transaction involves a refinance of a significant industrial portfolio consisting of 101 properties located across multiple states in the U.S. and Hawaii, specifically in markets such as Arizona, Florida, Illinois, and Ohio. The total loan amount secured for this portfolio is $1,200,000,000, facilitated under a five-year, interest-only loan structure.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,200,000,000
• Loan Type: Refinance
• Loan Terms: five-year, interest-only
• Lender: Bank of America, Citibank, Bank of Montreal (BOM), Morgan Stanley, Royal Bank of Canada, UBS
• Landlord: Yael Duffy - Industrial Logistics Properties Trust
• Market: Arizona, Florida, Utah, Alabama, Maryland, Illinois, Colorado, Nebraska, Ohio, Hawaii

This refinancing transaction replaces a maturing CMBS loan, resulting in lowered interest costs and the elimination of rate cap requirements for the landlord, Industrial Logistics Properties Trust, represented by Yael Duffy. The consortium of lenders includes major financial institutions, underscoring the significance of this refinancing effort in the industrial real estate sector.