Hamilton, ON Property is Skyline Apartment REIT’s Final Acquisition of 2012

December 21, 2012 - Press Release

January 8, 2013 – Skyline Apartment REIT made its last acquisition of 2012 on December 21st. The Hamilton, ON property, located at 222 Gage Avenue South, had a $7.1 million purchase price. Located at the intersection of Cumberland Avenue, the property is located directly across from spacious and beautiful Gage Park, and also boasts nearby transit, shopping and schools.

This new acquisition is Skyline Apartment REIT’s fifth Hamilton property.

Post-acquisition, the Skyline Apartment REIT currently comprises 8,459 residential suites and approximately 700,000 square feet of commercial space in 112 properties, spread out across 42 communities in four provinces. The total internally appraised IFRS value of the Skyline Apartment REIT is approximately $723 million.

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.