Industrial Logistics Properties Trust is a real estate investment trust. Co. owns and leases industrial and logistics properties throughout the U.S. Co.'s portfolio is comprised of consolidated properties, which consist of buildings, leasable land parcels and easements that are primarily industrial lands located on the island of Oahu, HI and properties that are industrial and logistics properties located in other states. Co.'s consolidated properties include properties it owns in an unconsolidated joint venture in which it owns a 61% equity interest. Co. also owns a 22% equity interest in an unconsolidated joint venture that owns properties located in various states in the mainland U.S.