Dec 4 (Reuters) - Summit Industrial Income Reit SMU_u.TO :
* SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SIGNIFICANT INCREASE IN GTA PORTFOLIO AND $80 MILLION EQUITY OFFERING
* SUMMIT INDUSTRIAL INCOME REIT - DEAL FOR $66.1 MILLION
* SUMMIT INDUSTRIAL INCOME REIT - ACQUISITION PORTFOLIO IS BEING ACQUIRED FREE AND CLEAR OF MORTGAGE FINANCING
* SUMMIT INDUSTRIAL INCOME REIT - ENTERED INTO AGREEMENT WITH SYNDICATE OF UNDERWRITERS TO SELL, 11.1 MILLION UNITS AT PRICE OF $7.20 PER UNIT
* SUMMIT INDUSTRIAL INCOME REIT - INTENDS TO USE NET PROCEEDS FROM OFFERING AND DEBT FINANCING PRIMARILY TO FUND PURCHASE PRICE OF ACQUISITION PORTFOLIO