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Select Income REIT (Nasdaq: SIR) is a REIT which owns directly or indirectly through its subsidiaries, including its majority owned subsidiary, Industrial Logistics Properties Trust, or ILPT, properties that are primarily leased to single tenants. As of March 31, 2018, SIR’s consolidated portfolio included 366 buildings, leasable land parcels and easements with approximately 45.5 million rentable square feet located in 36 states. SIR owned 100 of these buildings and leasable land parcels with approximately 17.0 million rentable square feet, which are primarily office buildings, and ILPT owned 266 of these buildings, leasable land parcels and easements with approximately 28.5 million rentable square feet, including 226 buildings, leasable land parcels and easements with approximately 16.8 million rentable square feet which are primarily leasable industrial and commercial lands located in Hawaii. ILPT was SIR’s wholly owned subsidiary until January 17, 2018, when it completed an initial public offering of its common shares and became a publicly traded REIT. SIR remains ILPT’s largest shareholder and, as of the date hereof, owns 45.0 million, or approximately 69.2%, of ILPT’s outstanding common shares.