Skyline Apartment REIT Grows Again – Purchasing a Third Property in Less Than 6 Weeks!
May 29, 2012 - Press Release
We are excited to announce yet another addition to the Skyline Apartment REIT portfolio just a few short weeks after purchasing its first and second properties of 2012; the REIT recently acquired its third new property of 2012 in Sault Ste. Marie, Ontario. This 45-unit multi-residential complex located at 130 Allard Street was purchased for $2.8 million and is the Apartment REIT’s 104th property (the portfolio decreased in size at the end of April as a result of selling three commercial properties). Today, the Skyline Apartment REIT portfolio is currently made up of 7,660 apartment units and approximately 700,000 square feet of commercial space spread out across 39 Canadian communities.
This newest addition to the Apartment REIT portfolio is the first Skyline property in the city of Sault Ste. Marie and is a welcome addition to the REIT’s northern Ontario residential portfolio, which now encompasses over 630 suites across 10 properties and spans the cities of North Bay, Haileybury, Thunder Bay, Timmins and now Sault Ste. Marie.
“We are excited to expand the REIT portfolio into a new community; this will also help to improve economies of scale and provide increased knowledge and expertise in the northern markets” said Jason Castellan, CEO & Co-Founder of Skyline Apartment REIT.
To learn more about investment opportunities within Skyline Apartment REIT, please contact the Skyline Wealth Management Inc. Investor Relations team directly at 1.888.977.REIT(7348) or by email at firstname.lastname@example.org. This investment is available to Accredit Investors only or to those who are otherwise exempt. Past performance is not an indicator of future performance.
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:
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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