Skyline Apartment REIT Enters City of West Kelowna, BC
September 5, 2018 - Press Release
On September 5, the Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Carrington Ridge, a four-building luxury apartment property at 3605, 3615, 3625 & 3635 Carrington Road in the city of West Kelowna, BC.
Carrington Ridge is the Skyline Apartment REIT’s first purchase in West Kelowna. The property comprises 240 luxury suites and had a total purchase price of $55.4M.
Situated on a ridge with stunning views of Lake Okanagan as well as surrounding mountains, Carrington Ridge’s features and amenities include on-site EV charging stations, a rooftop solar panel array, a community garden, an outdoor patio, and a fitness centre.
For more information about rental suites at Carrington Ridge, please visit carringtonridge.ca.
Introduced in 2006, the Skyline Apartment REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.
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:
Vice President, Corporate Marketing & Communications, 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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