NEWTON, Mass.--(BUSINESS WIRE)--Select Income REIT (Nasdaq: SIR) today announced that its subsidiary, Industrial Logistics Properties Trust, or ILPT, has filed a registration statement with the Securities and Exchange Commission, or SEC, for an initial public offering, or an IPO, of common shares. ILPT will own almost all of SIR’s industrial properties located in Hawaii, totaling 226 properties, as well as 40 industrial and logistics properties located in 24 other states. Upon completion of the IPO, it is expected that SIR will continue to own a majority of ILPT’s outstanding common shares.