Skyline Apartment REIT Acquires Additional Brantford, Ontario Property
June 3, 2016 - Press Release
On Friday, June 3rd, 2016, Skyline Apartment REIT acquired a newly-developed, accessible luxury apartment complex at 555 Park Road North, Brantford, Ontario. The 153-unit building was purchased for $29.9M, and is the Apartment REIT’s fifth purchase in the city of Brantford. It is located next to another Skyline-owned apartment property at 575 Park Road North, with multiple parks, golf courses, schools and shopping nearby.
The newly-developed complex at 555 Park Road North (called “Harris Place” after a founding member of Canada’s renowned Group of Seven artists) is Brantford’s first 100% smoke-free luxury apartment building, filling unserved needs in the Brantford housing market. Details on the complex were featured in an article in the Brantford Expositor.
Additionally, in May 2016, Skyline Living’s marketing team proudly received a prestigious Webcon Rental Marketing Award for its marketing campaign promoting suite rentals at Harris Place.
The Skyline Apartment REIT currently comprises 172 properties in 47 communities across 6 provinces, with over 15,300 residential 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:
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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