Skyline Apartment REIT Acquires New Edmonton, Alberta Property
September 20, 2016 - Press Release
On September 20th, 2016, the Skyline Apartment REIT acquired a newly-developed property at 2703, 2707, 2711 & 2715 James Mowatt Trail SW, in Edmonton, Alberta. The 200-unit property is Skyline Apartment REIT’s second property in Edmonton, and its 5th in the province of AB. The property was purchased for $37 million.
Post-acquisition, Skyline Apartment REIT comprises 182 properties in 48 communities in six Canadian provinces, with 16,304 multi-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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