This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Summit Industrial Income REIT Appoints New Member Of Board Of Trustees

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

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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs