---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-028102"
form_type: "8-K"
ticker: "ILPT"
cik: "0001717307"
company_name: "Industrial Logistics Properties Trust"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:44:31.590285+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ILPT completes $21.00/share acquisition of Monmouth REIT, obtains $3.485B in new debt

## Summary
- Merger: MNR common holders received $21.00/share; preferred $25.00 plus accrued dividends.
- Joint venture with third party: investor paid ~$587M for 39% of 95 properties; ILPT retains 61%.
- Loans: $1.4B floating (SOFR+2.25%, matures 2024), $1.385B bridge (SOFR+1.75%+8.0% mezz, matures 2023), $700M fixed (4.417%, matures 2032).
- Repaid $185M on $750M revolver; credit agreement terminated without penalty.
- Merger closed Feb 25, 2022; MNR shares converted to cash, no longer outstanding.

## SEC filing metadata
- accession: 0001104659-22-028102
- form_type: 8-K
- ticker: ILPT
- cik: 0001717307
- company_name: Industrial Logistics Properties Trust
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717307/000110465922028102/0001104659-22-028102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717307/000110465922028102/tm227805d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-028102
- JSON: https://secwatch.observer/filing/0001104659-22-028102.json
- Plain text: https://secwatch.observer/filing/0001104659-22-028102.txt

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