Skyline Apartment REIT Enters Moncton, New Brunswick with 2-Property Purchase
December 19, 2017 - Press Release
On Tuesday December 19th, 2017, the Skyline Apartment REIT entered the city of Moncton, New Brunswick with the purchase of two properties. This purchase was the Apartment REIT’s first in the province of New Brunswick.
150-260 Mapleton Road & 22-35 Fairlane Drive, Moncton, New Brunswick was purchased for $35.2M and has 405 suites.
190 & 196 Carson Road, Moncton, New Brunswick was purchased for $32.8M and has 210 suites.
Post-acquisition, the Skyline Apartment REIT comprises 185 properties in 49 communities across 7 provinces – Ontario, Saskatchewan, New Brunswick, Newfoundland and Labrador, Québec, Alberta, British Columbia – with 16,654 units and 661,196 square feet of commercial space.
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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