Important Announcement: Skyline Apartment REIT Increases Unit Price

February 5, 2016 - Press Release

The Skyline Apartment REIT just announced a 5.5% increase in the value of its Unit Price from $13.50 to $14.25 per Unit.

Made effective February 5th, 2016, these changes reflect the strong 2015 operational performance of the Skyline Apartment REIT, its solid forecast for 2016, and the current market value of the portfolio.

The Skyline Apartment REIT’s distribution per Unit will remain at $1.00.

The valuation process for the private Apartment REIT’s Unit Value began with an evaluation of the REIT’s portfolio of assets. Next, the value of the outstanding debt (mortgages) was subtracted—leaving the total equity of the REIT.  Lastly, the total equity was divided by the number of outstanding Units (currently held by Unitholders).  The new unit value is a direct reflection of the actual value of the real estate.

For more information about how Skyline’s REIT Unit Values are calculated, and about these private investments in general, please see our FAQ page.

Launched in June 2006, the Skyline Apartment REIT currently comprises 172 properties in 47 communities across Canada, with over 15,000 apartment suites. The REIT focuses on income-producing residential properties in Canada’s secondary and tertiary markets.

Skyline Apartment REIT is currently providing a 7% annual yield.

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

Related Articles:

Skyline APT REIT, COM REIT & RTL REIT Announce Unit Price Increases

March 6, 2017

We are pleased to announce an increase in Unit Price...

Skyline Apartment REIT Acquires Kingston, ON Property

April 4, 2007

Skyline Incorporated of Guelph, Ontario announced April...

Skyline CSO Featured in Article on Combined Heat & Power (CHP) Systems

March 1, 2016

Cogeneration Sparks Apartment Sector Interest View...

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.