Skyline’s Illumination Project Well Underway

July 26, 2017 - Press Release

Skyline’s Illumination Project is well underway, and staff across Canada have been working diligently to replace interior light-bulbs in their buildings with new high-efficiency LED bulbs, while properly and safely disposing of the old CFL and incandescent bulbs. Many communities have already had their light-bulbs replaced with high-efficiency LEDs, which will improve the ‘green factor’ in buildings and significantly reduce energy costs.

As of mid-July, approximately 4,500 Skyline apartment units in 15 cities across Ontario have already received their new light-bulbs. The retrofits in the following Ontario communities are now %100 complete:

  • Hamilton
  • Dundas
  • Sault Ste Marie
  • Niagara Falls
  • St. Catharines
  • Welland
  • Haileybury
  • North Bay
  • Timmins
  • Thunder Bay
  • Guelph
  • Cambridge
  • Fergus
  • Elmira
  • New Hamburg

By the end of the lighting retrofit project, Skyline will have replaced more than 330,000 bulbs in more than 16,000 apartment suites across Canada. This includes common areas, hallways, and service rooms, as well as over 3,600 apartment suites where residents pay for their own hydro, allowing these tenants to save on their hydro bills at no cost to them.

A resident manager installs a CFL light bulb, while the resident smiles

Staff at 270 Waterloo Avenue in Guelph

A building staff member holds a CFL light bulb

Patrick, Resident Manager at 202 Hespeler, prepares for the retrofit

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

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

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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.