Skyline Apartment REIT Acquires New 7-Property Portfolio in Chatham, ON and Sarnia, ON!

May 30, 2014 - Press Release

On Friday, May 30th, 2014, Skyline Apartment REIT purchased a 7-property portfolio consisting of residential buildings in the cities of Chatham, ON and Sarnia, ON, communities in which the Skyline Apartment REIT is already well-established.

The portfolio of properties includes:

  • 80 Colborne Road, Sarnia, ON
  • 75 Colborne Road, Sarnia, ON
  • 20 Berkshire Road, Sarnia, ON
  • 25 Willowdale Crescent, Sarnia, ON
  • 43 Grand Avenue East, Chatham, ON
  • 00 McFarlane Avenue, Chatham, ON
  • 0 Merritt Avenue, Chatham, ON

The total purchase price for the portfolio was $32,250,000, bringing the Skyline Apartment REIT’s total IFRS value to $1,031,876,000.

Skyline Apartment REIT currently has 132 properties and 10,524 units in 43 communities across four provinces, with 718,952 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
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.