Summit REIT Acquires Royal Group Properties

Summit Real Estate Investment Trust acquired five industrial properties from Royal Group Technologies Limited for a purchase price of $33.9 million. The first part of this transaction. comprising four properties. was completed on September 30. 2002. and the remaining property was acquired on December 19. 2002.

Summit was represented by Sharon Landsman and Michael Winton of Goodman and Carr LLP. Royal Group was represented by Robert Gray and John Colavita of Gray & Associates. and by in-house counsel Scott Bates.