Skyline Apartment REIT Acquires Two Properties in Sault Ste. Marie, Ontario
June 19, 2015 - Press Release
On Friday, June 19th, 2015, the Skyline Apartment REIT purchased two new properties in the City of Sault Ste. Marie, Ontario. The Apartment REIT now holds six properties in the city, with a total of 714 units.
365 & 379 Lake Street, Sault Ste. Marie, Ontario is comprised of 136 suites and had a total purchase price of $10.5M.
621, 627 & 631 MacDonald Avenue, Sault Ste. Marie, Ontario is comprised of 271 suites and had a total purchase price of $29.5M.
The Skyline Apartment REIT now comprises 144 properties in 46 communities in 6 provinces, with a total of 12,342 units.
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 Management”), 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, please visit SkylineApartmentREIT.ca.
To learn more about Skyline Apartment REIT and other alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Skyline5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
media@skylinegrp.ca
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