Sept 20 (Reuters) - Summit Industrial Income Reit SMU_u.TO
* Summit Industrial Income REIT to acquire greater Toronto area industrial property
* Summit Industrial Income REIT - REIT will pay $23.9 million for property
* Summit Industrial Income - Acquisition will be financed initially from co's credit lines
* Summit Industrial Income REIT - Placed new $29 million 7 year mortgage bearing an expected interest rate of 3.76% on its recently acquired logistics property
* Summit Industrial Income REIT - Waived conditions & will acquire a previously-announced 255,000 square foot 22' clear light industrial property well