Edition:
United Kingdom

Summit Industrial Income REIT Announces Significant Portfolio Growth


Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Summit Industrial Income REIT ::SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT PORTFOLIO GROWTH.SUMMIT INDUSTRIAL INCOME REIT - HAS WAIVED CONDITIONS AND WILL ACQUIRE PREVIOUSLY-ANNOUNCED PORTFOLIO OF LIGHT INDUSTRIAL PROPERTIES.SUMMIT INDUSTRIAL INCOME REIT - EXPECTED BRIDGE LOAN FACILITIES WILL BE REPLACED WITH PERMANENT FIXED RATE MORTGAGES IN Q1 OF 2019.SUMMIT INDUSTRIAL INCOME REIT - DEAL FOR A TOTAL PURCHASE PRICE OF APPROXIMATELY $328.6 MILLION.SUMMIT INDUSTRIAL INCOME REIT - WILL ALSO ACQUIRE A PORTFOLIO OF FOUR LIGHT INDUSTRIAL PROPERTIES IN ALBERTA FOR ABOUT $97.1 MILLION.SUMMIT INDUSTRIAL INCOME - DEAL TO BE FINANCED BY $140 MILLION EQUITY OFFERING, 2 ANTICIPATED 12-MONTH BRIDGE LOAN FACILITIES, CASH FROM OPERATING FACILITY. 

Company Quote

11.52
0.03 +0.26%
18 Apr 2019