Industrial Logistics Properties Trust Appoints Marc Krohn as Vice President

Rhea-AI Summary

Industrial Logistics Properties Trust (Nasdaq: ILPT) has appointed Marc Krohn as Vice President. Krohn, who is also a VP at The RMR Group (Nasdaq: RMR), will oversee leasing, operations, and management of ILPT’s mainland industrial portfolio. With over 20 years of experience in commercial real estate, Krohn has previously held senior roles at CBRE, Duke Realty, and Zeller Realty He joined RMR in 2015.

Positive

• Marc Krohn appointed as VP, bringing over 20 years of commercial real estate experience.
• Krohn has a strong background, having held senior roles at CBRE, Duke Realty, and Zeller Realty
• As VP, Krohn's responsibilities include overseeing leasing, operations, and management of ILPT’s mainland industrial portfolio.

Negative

• No substantial financial data or business development details were provided in the PR.

NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that Marc Krohn has been appointed Vice President.

Mr. Krohn is a Vice President of The RMR Group (Nasdaq: RMR), whose responsibilities include overseeing the leasing, operations, and management of ILPT’s mainland industrial portfolio. Mr. Krohn has more than 20 years of commercial real estate experience. Prior to joining RMR in 2015, he held senior roles at CBRE, Duke Realty and Zeller Realty Corporation.

About Industrial Logistics Properties Trust

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of March 31, 2024, ILPT’s portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of March 31, 2024 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of March 31, 2024 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240531049875/en/

Kevin Brady, Director, Investor Relations

(617) 219-1489

Source: Industrial Logistics Properties Trust

FAQ

Who was appointed as Vice President of ILPT?

Marc Krohn was appointed as Vice President of Industrial Logistics Properties Trust.

What responsibilities will Marc Krohn have at ILPT?

Marc Krohn will oversee the leasing, operations, and management of ILPT’s mainland industrial portfolio.

What is the stock symbol for Industrial Logistics Properties Trust?

The stock symbol for Industrial Logistics Properties Trust is ILPT.

What is Marc Krohn's background in commercial real estate?

Marc Krohn has over 20 years of experience and held senior roles at CBRE, Duke Realty, and Zeller Realty before joining RMR in 2015.

What other company is Marc Krohn associated with?

Marc Krohn is also a Vice President at The RMR Group (Nasdaq: RMR).