HALIFAX,
April 5, 2013 /CNW/ - Summit
Industrial Income REIT ("Summit II" or the "REIT") (TSXV: SMU.UN)
announced today that Mr. Larry
Morassutti has been appointed as a member of the REIT's
Board of Trustees and a member of the REIT's Audit Committee
effective April 4, 2013.
Mr. Morassutti brings extensive industrial real
estate advisory and management experience to the REIT. Currently he
is the founder and owner of the Morassutti Group of Companies, a
leading Canadian provider of real estate advisory services
including valuation, direct real estate investment and development,
and property management. Mr. Morassutti is currently a director of
the Orlando Corporation, Canada's
largest privately-owned industrial property developer and landlord,
and Senior Advisor to North Drive Investments Inc., a residential
condominium developer in Toronto.
He is also a former Trustee of Canadian Real Estate Investment
Trust (CREIT), a position he held for 18 years, where he served at
various times as Chair of the Audit and Investment Committees. He
obtained his Bachelor of Commerce degree in 1977 and his Chartered
Accountant designation in 1979.
"We are very pleased to welcome Larry Morassutti to the REIT's Board of
Trustees," commented Lou Maroun,
Chairman. "Larry brings a wealth of experience to the REIT, and we
look forward to working with him going forward."
About Summit II
Summit Industrial Income REIT is an unincorporated closed-end trust
focused on growing and managing a portfolio of light industrial
properties across Canada. Summit
II's units are listed on the TSX Venture Exchange and trade under
the symbol SUM.UN. For more information, please visit our web site
at www.summitIIreit.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Summit Industrial Income REIT