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