Skyline Apartment REIT Acquires 4-Property Portfolio; Enters City of Woodstock, Ontario
March 30, 2017 - Press Release
On Thursday, March 30, 2017, the Skyline Apartment REIT acquired a 4-property portfolio across southwestern Ontario. The portfolio’s total purchase price was $36.3M, with a total unit count of 440 for the entire portfolio.
The properties acquired include:
67 North Park Street, Brantford, Ontario – 68 units
6 & 16 Willow Road, Guelph, Ontario – 136 units
185 & 195 Berkshire Drive, London, Ontario – 122 units
560, 562 & 564 Durham Crescent, Woodstock, Ontario – 114 units
This is Skyline’s first property in the city of Woodstock.
Post-acquisition, the Skyline Apartment REIT comprises 186 properties in 49 communities across 6 provinces, with 16,754 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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