This REIT invests in a portfolio of light industrial properties. It has a few assets in the West and one in the Maritimes, but the prime focus is on Ontario and Quebec.
Income Investor
Summit Industrial Income REIT (TSX: SMU.UN) announced on Monday that it has agreed to a takeover bid from Singapore pension fund GIC and Dream Industrial REIT. The price is $23.50 a share, which is a premium of 31.1% over the closing price on Nov. 4. The all-cash transaction must be approved by unitholders and is expected to close early in 2023. - Gordon Pape
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SMU.UN was first recommended here on July 14, 2018