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
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
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