/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Dec. 22, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT“) (TSX: SMU.UN) announced today that it has completed its previously announced offering (the “Offering“) of $200 million aggregate principal amount of series B senior unsecured debentures (the “Debentures“)…. [Read More]

TORONTO, Dec. 21, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived conditions and will acquire a 100% interest in a 342,830 square foot single tenant warehousing and logistics facility in Ajax, Ontario, a key industrial market in the Greater Toronto Area (GTA), for $68.0 million…. [Read More]

TORONTO, Dec. 21, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) is pleased to announce the appointment of the Honourable A. Anne McLellan to its Board of Trustees, effective January 1, 2021. Ms. McLellan brings an impressive resume of experience to the REIT.  She is a senior advisor at the… [Read More]

TORONTO, Dec. 15, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on January 15, 2021 to Unitholders of record on December 31, 2020. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity to… [Read More]

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, Dec. 8, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT“) (TSX: SMU.UN) announced today that it has agreed to issue $200 million aggregate principal amount of series B senior unsecured debentures (the “Debentures“) at a price… [Read More]

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Nov. 17, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT“) (TSX: SMU.UN) announced today that it has completed its previously announced public offering (the “Offering“) of 14,323,250 units at a price of $13.65 per unit for total… [Read More]

TORONTO, Nov. 13, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on December 15, 2020 to Unitholders of record on November 30, 2020. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity to elect… [Read More]

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively, the “Underwriters“) to sell,… [Read More]

TORONTO, Nov. 9, 2020 /CNW/ – Summit Industrial Income REIT (“Summit II” or the “REIT”) (TSX: SMU.UN) announced solid operating and financial performance for the three and nine months ended September 30, 2020. Highlights: Revenues increased by 41.4% in the third quarter and 38.3% year-to-date on portfolio growth, high stable occupancies and rent increases. Occupancy remained… [Read More]

TORONTO, Oct. 20, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) today has provided an update on its recent financing activities. Approximately $250 million of the REIT’s $350 million non-revolving bridge loan has been repaid through proceeds from the REIT’s recent offering of $250 million 5-year 2.15% Series A senior… [Read More]

TORONTO, Oct. 15, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today a $0.045 per Unit cash distribution to be paid on November 13, 2020 to Unitholders of record on October 31, 2020. Summit II’s amended and restated distribution reinvestment plan (“DRIP”) provides residents of Canada the opportunity to… [Read More]

TORONTO, Oct. 8, 2020 /CNW/ – Summit Industrial Income REIT (“Summit” or the “REIT”) (TSX: SMU.UN) announced today that it has waived all conditions and will acquire the remaining 50% ownership interest in a portfolio of eleven light industrial properties from its joint venture partner the Groupe Montoni (“Montoni”). The purchase price of $88.0 million for… [Read More]