Industrial Logistics Properties Trust Appoints Tiffany Sy as Chief Financial Officer and Treasurer

Rhea-AI Summary

Industrial Logistics Properties Trust appoints Tiffany Sy as CFO and Treasurer

NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that Tiffany Sy has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2023.

Ms. Sy has served in finance and accounting leadership roles at The RMR Group (Nasdaq: RMR) since 2020. Most recently, she was Chief Financial Officer and Treasurer of Tremont Realty Capital and Seven Hills Realty Trust. Prior to joining RMR, Ms. Sy held leadership positions in accounting at AlerisLife Inc. (then known as Five Star Senior Living Inc.) and Bank Rhode Island. Ms. Sy previously practiced public accounting for 15 years, including in the audit practice of Ernst & Young LLP for more than 10 years. Ms. Sy is a certified public accountant.

About Industrial Logistics Properties Trust:

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of June 30, 2023, ILPT’s portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of June 30, 2023, 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 approximately $36 billion in assets under management as of June 30, 2023, 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/20230926641017/en/

Stephen Colbert

Director, Investor Relations

(617) 231-3223

Source: Industrial Logistics Properties Trust