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Exhibit 21.1

INDUSTRIAL LOGISTICS PROPERTIES TRUST
SUBSIDIARIES OF THE REGISTRANT

Name									State of Formation, Organization or Incorporation
ILPT CMBS Mezz 1 LLC									Delaware
ILPT Mezz Fixed Borrower 2 LLC									Delaware
ILPT Mezz Fixed Borrower LLC									Delaware
ILPT TSM Properties LLC									Delaware
Masters Properties LLC									Delaware
Mountain Industrial LO LLC									Delaware
Mountain Industrial Member Trust									Maryland
Mountain Industrial Mezz Borrower LLC									Delaware
Mountain Industrial REIT LLC									Delaware