Skyline APT REIT, COM REIT & RTL REIT Announce Unit Price Increases
March 6, 2017 - Press Release
We are pleased to announce an increase in Unit Price for each of Skyline’s three REIT investment products!
Effective February 8th, 2017:
-The Skyline Apartment REIT announced an increase in the value of its Unit Price from $14.25 to $14.75 per Unit. The distribution per Unit remains at $1.00.
-The Skyline Commercial REIT? announced an increase in the value of its Unit Price from $10.50 to $10.75 per Unit. The distribution per Unit remains at $0.90.
Effective March 6th, 2017:
-The Skyline Retail REIT announced an increase in the value of its Unit Price from $11.50 to $12.50 per Unit, as well as an increase in the distribution per Unit, from $0.90 to $0.936.
These increases take into account not only the current market value of the portfolios, but the strong 2016 performances across the board for Skyline’s REIT portfolios, as well as positive forecasts for 2017. We’re proud to have been offering solid, stable investment products to our thousands of investors for nearly two decades, and we’re continuing to seek income-producing residential, commercial, and retail properties that provide maximum value to our clients – while also ensuring our residents and commercial tenants have great places to live and work.
How are the REIT Units evaluated?
The valuation process for the private Apartment REIT’s Unit Value began with an evaluation of the REIT’s portfolio of assets. Next, the value of the outstanding debt (mortgages) was subtracted—leaving the total equity of the REIT. Lastly, the total equity was divided by the number of outstanding Units (currently held by Unitholders). The new unit value is a direct reflection of the actual value of the real estate.
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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