ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management
that is focused on commercial real
estate and related businesses. RMR
primarily provides management
services to publicly traded real
estate companies, privately held
real estate funds and real estate
related operating businesses. As of
December 31, 2022, RMR had over
$37 billion of real estate assets
under management and the
combined RMR managed
companies had over $16 billion of
annual revenues, nearly 2,100
properties and over 38,000
employees. We believe that being
managed by RMR is a competitive
advantage for ILPT because of
RMR’s depth of management and
experience in the real estate
industry. We also believe RMR
provides management services to
us at a lower cost than we would
have to pay for similar quality
services if we were self managed.