Skyline Apartment REIT Enters Town of Sherwood Park, Alberta
December 17, 2015 - Press Release
On Friday, December 17th, 2015, the Skyline Apartment REIT closed its first property in the town of Sherwood Park, just east of Edmonton, Alberta. The Emerald Hills complex at 5000, 5100, 5400, and 5500 Clover Bar Road was purchased for $46.1 million and consists of 208 luxury apartment suites. The brand new, smoke-free building is close to several parks, grocery stores, and shopping centres.
Post-acquisition, the Skyline Apartment REIT comprises 173 properties in 47 communities in 6 provinces, with 15,275 apartment suites.
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:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, Ontario N1H 2S8
cbeverly@skylinegrp.ca
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