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Summit Industrial Income REIT to acquire greater Toronto area industrial property


Wednesday, 20 Sep 2017 

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. 

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