Skyline Apartment REIT Acquires 23-Property Portfolio in Windsor, ON
September 10, 2015 - Press Release
On Thursday, September 10th, 2015, the Skyline Apartment REIT acquired a highly-accretive 23-property portfolio in Windsor and Tecumseh, ON. The massive portfolio was purchased for $136.2M from Boardwalk REIT, the largest public residential landlord in Canada. The portfolio consists of buildings in West Windsor, Downtown Windsor, East Windsor and Tecumseh, ON, and totals 1,685 suites. The Skyline Apartment REIT now owns 2,209 apartment suites in Windsor/Tecumseh making it Windsor’s largest landlord. This transaction also makes Windsor the Skyline Apartment REIT’s largest grouping of residential units in a single city.
Skyline also manages several commercial and retail assets in Windsor, within the Skyline Commercial REIT? and Skyline Retail REIT private portfolios. We are very excited to be expanding our holdings in the city of Windsor, and becoming a larger part of a thriving community that is experiencing promising economic development and job growth.
The Skyline Apartment REIT now comprises 169 properties in 46 communities, with a total of 14,134 suites.
List of properties purchased in this portfolio transaction:
- 211 Buckingham Drive, Windsor
- 260-262 Randolph Place, Windsor
- 275 Askin Avenue, Windsor
- 360 Caron Avenue, Windsor
- 666 Chippawa Street, Windsor
- 1330 Lauzon Road, Windsor
- 1519, 1521, 1525, 1531, 1537, 1541 & 1545 Ouellette Avenue, Windsor
- 2255 University Avenue West, Windsor
- 2930 Wildwood Drive, Windsor
- 2932-2992 Wildwood Drive, Windsor
- 3160 Peter Street, Windsor
- 3165 Russell Street, Windsor
- 3400 Erkine Street, Windsor
- 3410 Peter Street, Windsor
- 3461 Peter Street, Windsor
- 3540 Peter Street, Windsor
- 3576 Peter Street, Windsor
- 3590 Peter Street, Windsor
- 5110-510 Wyandotte Street East, Windsor
- 5407-5411 Empress Street, Windsor
- 6600 Wyandotte Street East, Windsor
- 8325 Riverside Drive East & 8312-8332 Clairview Drive, Windsor
- 11917 Tecumseh Road East, Tecumseh
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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