OTCPK:SMMCF - Post by User
Post by
MOJOJONOon Oct 07, 2019 4:00pm
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Post# 30204831
Massive $588 million acquisition and $200mm receipt offering
Massive $588 million acquisition and $200mm receipt offering
huge acquisition with future development opportunities and rent increases. First year cap rate: 5.5%
$200 million subscription receipt @ $12.90/unit.
specified, redeployed resources from data centre sale.
Summit Industrial Income REIT Announces Acquisition of Alberta Light Industrial Portfolio for $588 Million and C$200 Million Offering of Subscription Receipts https://www.globenewswire.com/news-release/2019/10/07/1926079/0/en/Summit-Industrial-Income-REIT-Announces-Acquisition-of-Alberta-Light-Industrial-Portfolio-for-588-Million-and-C-200-Million-Offering-of-Subscription-Receipts.html