March 28 (Reuters) - Summit Industrial Income Reit SMU_u.TO :
* SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES ACQUISITION OF PROPERTY AND NEW FINANCING
* SUMMIT INDUSTRIAL INCOME REIT - WILL PAY $14.9 MILLION FOR PROPERTY
* SUMMIT INDUSTRIAL INCOME REIT - WAIVED CONDITIONS AND WILL ACQUIRE 100% OF A DISTRIBUTION WAREHOUSE LOCATED IN STRATFORD
* SUMMIT INDUSTRIAL INCOME - REPLACED $90.0 MILLION BRIDGE FACILITY ESTABLISHED IN 2017 WITH $88.0 MILLION IN NEW MORTGAGES ON RECENTLY ACQUIRED PROPERTIES