---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-135882"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2021-11-09T23:59:59+00:00"
generated_at: "2026-06-28T10:51:27.991959+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ILPT to acquire Monmouth REIT for $21.00/share in all-cash transaction

## Summary
- Common stockholders receive $21.00/share cash; preferred stockholders $25.00/share plus accrued dividends.
- Transaction valued at ~$4.0B; expected to close in first half of 2022.
- ILPT secured a $4.0B bridge loan from Citigroup and UBS; merger not subject to financing contingency.
- Termination fee of $72M payable by Monmouth in certain circumstances; expense reimbursement up to $10M.
- ILPT extended its existing credit agreement by six months to June 2022.

## SEC filing metadata
- accession: 0001104659-21-135882
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2021-11-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000110465921135882/0001104659-21-135882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000110465921135882/tm2132072d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-135882
- JSON: https://secwatch.observer/filing/0001104659-21-135882.json
- Plain text: https://secwatch.observer/filing/0001104659-21-135882.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.