Industrial Logistics Properties Trust is a real estate investment trust that owns and leases industrial and logistics properties across the United States under a net lease model where tenants pay fixed rents and reimburse operating expenses. The company generates revenue from a diversified portfolio of properties located in mainland states, Hawaii, and joint ventures, with growth driven by lease extensions and rent resets on existing properties as well as strategic acquisitions of properties in top-tier markets. The company has no employees and outsources all operations, investment origination, and administrative services to RMR Group Inc., an alternative asset management company.