Skyline Launches Massive Lighting Retrofit Across Canada

March 30, 2017 - Press Release

Skyline Launches Massive Lighting Retrofit Across Apartment Portfolio

Over 300,000 bulbs to be replaced with high-efficiency LEDs

For Skyline, the name of the game for 2017 is “out with the old, in with the new.” We’re proud to have a reputation for environmental excellence in the Canadian apartment rental industry, and we’re honoured to have been awarded for our efforts.  However, the work doesn’t stop there. We’ve launched an exciting project that will make our apartment buildings across Canada even greener.

Through the new Skyline “Illumination Project,” we will be replacing all interior light bulbs across our apartment portfolio with high-efficiency LED bulbs. In total, Skyline will be replacing more than 300,000 bulbs in 16,000 apartment suites, including more than 3,600 suites in which the residents pay for their own hydro (saving these residents money on their own hydro bills), as well as all common areas, hallways and service rooms.

“We have been improving the portfolio efficiencies of our apartment properties for more than 11 years, through our Skyline Portfolio Efficiency Plan,” said Roy Jason Ashdown, Co-Founder and Chief Sustainability Officer of the Skyline Group of Companies.

“LED bulbs come with a number of benefits when compared to CFL and incandescent bulbs. They last 20 times longer than incandescent bulbs, and use 85% less energy. Plus – they contain zero mercury. This is a powerful way for us to drastically improve the ‘green factor’ in our buildings. We owe it to our residents to take advantage of the latest technology, so they can be proud to rent from a landlord that cares about the environment.”

Notices about the Illumination Project are being posted in Skyline’s apartment buildings across the country.

The project is already underway in several regions across Canada, and is scheduled to be completed by autumn 2017.

With all of the new LED bulbs installed, Skyline will be cutting the hydro consumption (through lighting) of its residential buildings (currently totalling 176 properties in 46 cities in 4 provinces across Canada) by over 50%. All old CFL and incandescent bulbs will be properly recycled, saving landfills from mercury pollution.

Each family within Skyline’s apartment buildings (more than 30,000 families across Canada) will also receive a box of LEDs for them to use in their personal lamps and fixtures.

The Illumination Project - In 2017, Skyline Living will be replacing over 300,000 lightbulbs across its portfolio

“This project is about so much more than saving money,” Ashdown says. “The main point of the Illumination Project is that through this new technology—and the hard work of our on-site field staff to install these bulbs—we’ve come up with an effortless way for our residents to be greener. Just by using these LED bulbs in their lights, collectively we are saving massive amounts of energy. When a product this efficient is available, it only makes sense to offer it to your residents. We want them to be a part of the difference we’re making for the environment.”

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”), 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 and other alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Jeff Stirling
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243

Related Articles:

Skyline Apartment REIT enters Dieppe, NB with 3-building purchase

June 15, 2018

On June 15, 2018, Skyline Apartment REIT, a privately-owned...

Skyline Apartment REIT Acquires Mississauga, ON Property

November 10, 2010

Skyline is pleased to announce the recent purchase...

Skyline Apartment REIT Purchases Additional Port Elgin, ON Property

February 15, 2018

On Thursday, February 15th, 2018, the Skyline Apartment...

Disclaimer

The information provided on this website is for general information purposes only and is derived from sources that Skyline Apartment REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.