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BRIEF-Summit Industrial Income REIT to acquire greater Toronto area industrial property
September 20, 2017 / 9:57 PM / a month ago

BRIEF-Summit Industrial Income REIT to acquire greater Toronto area industrial property

Sept 20 (Reuters) - Summit Industrial Income Reit

* Summit Industrial Income REIT to acquire greater Toronto area industrial property

* Summit Industrial Income REIT - ‍REIT will pay $23.9 million for property​

* Summit Industrial Income -‍ Acquisition will be financed initially from co’s credit lines

* Summit Industrial Income REIT - Placed new $29 million 7 year mortgage bearing an expected interest rate of 3.76% on its recently acquired logistics property ​

* Summit Industrial Income REIT - Waived conditions & will acquire a previously-announced 255,000 square foot 22’ clear light industrial property well Source text for Eikon: Further company coverage:

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