The majority shareholder of Industrial Logistics Properties Trust, the largest owner of industrial property in Hawaii, is merging with another affiliated real estate investment trust in an effort to eliminate cross ownership and boost shares of the industrial real estate REIT.
Select Income REIT (Nasdaq: SIR) will merge with Government Properties Trust (Nasdaq: GOV) into a single REIT that will own office buildings “primarily leased to single tenants and high credit-quality tenants like government…
