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Industrial Logistics Properties Trust adds underwriters to IPO

Industrial Logistics Properties Trust added Bank of America Merrill Lynch, Morgan Stanley and Wells Fargo Securities as underwriters in its recently announced IPO of an undisclosed amount of common shares, according to a Dec. 19 filing.

Industrial Logistics, which is a unit of Select Income REIT and plans to qualify as a real estate investment trust, owns 266 properties encompassing roughly 28.5 million square feet across the U.S.

UBS Investment Bank, Citigroup and RBC Capital Markets are also underwriters for the offering.