Summit Industrial Income REIT Issues $30M of Units and Enters into $32M Bank Financing

On September 27, 2012, Summit Industrial Income REIT completed the issuance approximately $30 million of units in a private placement together with a debt financing of up to $32 million. The proceeds from the private placement and a portion of the debt financing were used to purchase a portfolio of four industrial properties located in Ontario for $50.1 million.

WeirFoulds partner Steven Rukavina and associate Richard Arezes acted for the vendor on the real estate transaction. Click here for complete transaction details.