Skyline Apartment REIT Acquires 6-Property Sarnia & Niagara Falls Portfolio
July 6, 2016 - Press Release
Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, purchased five Sarnia apartment properties on Wednesday, July 6th, totaling 346 apartment suites. The REIT’s purchase doubled its number of existing apartment units in Sarnia, bringing the total count to 668.
The Skyline Apartment REIT is now one of the city’s largest landlords, operating approximately 10% of the rental apartments in Sarnia.
The Skyline Apartment REIT, created in 2006, is fully-managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisitions, management and investment firm. The Skyline Group was also recently recognized as one of Canada’s Best Managed Companies for 2014 and 2015.
“We are proud to be a part of the Sarnia community,” said Matthew Organ, President of Skyline Living, the property management entity for the Skyline Apartment REIT.
“We are committed to providing quality homes for the residents of Sarnia, and for the residents in each of our dozens of Skyline communities across Canada. We’re always looking for great opportunities to grow in thriving areas like this one.”
The newly-acquired apartments are located on College Avenue South, Devine Street, and Capel Street. Also included in the portfolio acquisition was a property in Niagara Falls, ON – Skyline Apartment REIT’s fourth purchase in that city.
Post-acquisition, the Skyline Apartment REIT currently comprises 178 properties in 47 Canadian communities, with 15,719 units.
Visit www.skylineliving.ca/apartments-for-rent/ontario/sarnia/ for more information on Skyline’s Sarnia communities.
5552 Heritage Drive, Niagara Falls, ON
125 College Avenue South, Sarnia, ON
225 & 233 Capel Street, Sarnia, ON
811 & 817 Devine Street, Sarnia, ON
835 Devine Street, Sarnia, ON
849 Devine Street, Sarnia, ON
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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