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 preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: RBS2400).
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 about additional 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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