Summit Industrial Income REIT completes C$172.5 million equity offering

Date Closed

August 27, 2020

Lead Office

Toronto

Value

172.50 Million CAD

On August 27, 2020, Summit Industrial Income REIT closed its public offering of 14,375,000 units at a price of $12.00 per unit for a total gross proceeds of approximately $172.5 million. 

Summit Industrial Income REIT is an open ended mutual fund trust on managing light industrial properties across Canada with a goal to maximize funds of investors' operation. 

McCarthy Tétrault advised Summit Industrial Income REIT with a team led by Andrew Parker and Heidi Gordon that included Judy Tian, Angela Lizotte, Pat McCay, Dean Xiao and Gordon Baird.

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