Skyline Apartment REIT Acquires Country Portfolio

October 25, 2010 - Press Release

On October 25, 2010, Skyline completed the purchase of a $37.6 million multi-residential portfolio that is spread out across four communities in southwestern Ontario.

“Eight years ago when this portfolio was up for sale I was very disappointed that we were not in a financial position to move on it.  Now, here we are less than a decade later with a second chance that we were not about to pass up; this is truly fantastic real estate that is extremely accretive to our portfolio and right in our sweet spot from an ownership and management perspective.  We are very excited about this significant addition to our portfolio and are proud of the growth that the REIT has experienced over the last year.  This is great news for our investors and for the REIT as a whole.” said Jason Castellan, CEO & Co-Founder of Skyline.

About Skyline Apartment REIT

Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.

Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.

Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Apartment REIT and other alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Jeff Stirling
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243


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Disclaimer

The information provided on this website is for general information purposes only and is derived from sources that Skyline Apartment REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.