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.
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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