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Mountain Industrial REIT LLC, a Maryland corporation, together with its consolidated subsidiaries, operates as a real estate investment trust (REIT) deriving its income primarily from real estate rental operations. Founded in 1968 and are one of the oldest public equity REITs in the world, we owned 123 properties with total rentable square footage of 25.2 million. Monmouth Real Estate has overall occupancy rate 99.7%, with properties are located in 32 states. Monmouth Real Estate weighted average lease term was 7.1 years and our annualized average base rent per occupied square foot was $6.69 , the weighted average building age was 10.2 years. Mountain Industrial REIT LLC operates as a subsidiary of Industrial Logistics Properties Trust.
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