Summit Industrial Income REIT (TSX:SMU.UN) agreed to acquire 74,790 square foot Class A Property Portfolio Located in the GTA Sub-market of Mississauga, Ontario for CAD 59.3 million on June 15, 2022. The acquisition will be funded with cash on hand from proceeds of recent financing activities. Closing is expected on or before the end of June 2022. Summit will pay CAD 59.3 million for the portfolio, below replacement cost, generating an accretive going-in capitalization rate of approximately 4.9%.

Summit Industrial Income REIT (TSX:SMU.UN) completed the acquisition of 74,790 square foot Class A Property Portfolio Located in the GTA Sub-market of Mississauga, Ontario on June 15, 2023, which is estimated completion date.