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

June 15, 2018 - Press Release

On June 15, 2018, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, finalized a deal to purchase a property of three buildings for $8.4M. The purchase is comprised of 25, 35, & 55 Primrose Lane (La Chaussée) and is Skyline Living’s first acquisition in Dieppe, New Brunswick. Skyline Living also owns properties in Moncton.

Created in 2006, Skyline Apartment REIT is fully-managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisitions, management, and investment firm.

“We are very excited to expand Skyline Living’s presence in New Brunswick to include Dieppe,” commented Matthew Organ, President of Skyline Apartment REIT. “This acquisition allows us to bring our model of quality homes with a community focus to the residents of Dieppe, enabling us to have an impact on not only the tenants but the larger community as well.”

The professionally managed buildings feature many amenities and are adjacent to conservation lands. As part of the Skyline Living community, the Resident Manager of this portfolio will plan regular social events and charitable activities to help the residents of the building be active members of the Dieppe community.

Post-acquisition, the Skyline Apartment REIT comprises 195 properties in 52 communities across 8 provinces – ON, SK, NB, NL, QC, AB, BC, NS – with 17,242 units and 661,195 square feet of commercial space.

25 Primrose Exterior Side

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 Acquires Four Properties In One Week!

November 5, 2012

November 12, 2012 - The Acquisitions Team has completed...

Skyline Apartment REIT Acquires Port Elgin, ON Property

September 28, 2007

Skyline Incorporated of Guelph, Ontario announced September...

Skyline Apartment REIT Purchases Its First Residential Property in Quebec!

December 4, 2014

On Thursday, December 4, 2014, Skyline Apartment REIT...

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.