Skyline Apartment REIT Moves Into the City of Stratford, Hits 10,000 Unit Milestone!
December 20, 2013 - Press Release
On Friday December 20th 2013, Skyline Apartment REIT purchased two properties in the beautiful city of Stratford, ON. The first property, located at 136 Ontario Street, had a purchase price of $10.185M and comprises 53 units, with an additional 11,049 square feet of commercial space. The second property at 42 Campbell Court had a purchase price of $6.615M with 78 units. The acquisition of these two properties brings the Skyline Apartment REIT’s total unit count to over 10,000 – a remarkable achievement!
“It seems like only yesterday that we were buying our first rental property on Cole Road, here in Guelph,” says Jason Castellan, Skyline’s CEO and Co-Founder. “We have so many people to thank—we couldn’t be where we are today without their help and support from along the way. It feels surreal to be speaking of the size and magnitude to which we have grown. “
Post-acquisition, Skyline Apartment REIT currently comprises 10,108 apartment units in 127 properties spread out across 44 communities in four provinces, and approximately 700,000 square feet of commercial space.
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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