Skyline Apartment REIT Enters Nova Scotia with Dartmouth Purchase

April 26, 2018 - Press Release

On April 26, 2018, Skyline Apartment REIT finalized a deal to purchase 80 Holtwood Court (“The Kensington”) for $25.5M. With residential properties in BC, Alberta, Ontario, Quebec and New Brunswick, the purchase of “The Kensington” is Skyline Apartment REIT’s first acquisition in Nova Scotia.

“We are very excited to expand Skyline Living into the province of Nova Scotia.” 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 Dartmouth, enabling us to have an impact on not only the tenants, but the larger community as well.”

Located in close proximity to shopping, this 114-suite residential building provides beautiful amenities including a fitness room and a rooftop terrace & lounge. As part of the Skyline Living community, the Resident Manager of “The Kensington” will plan regular social events and charitable activities to help the residents of the building be active members in the Dartmouth community.

Post-acquisition, the Skyline Apartment REIT comprises 189 properties in 50 communities across 8 provinces – ON, SK, NB, NL, QC, AB, BC, NS – with 16,960 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:

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:

Business Niagara Magazine, Winter 2009 – Skyline CEO Jason Castellan Shares Words of Wisdom

December 8, 2009

Apartment Real Estate Investment Trust, a Guelph-based...

Skyline Apartment REIT Grows Again – Purchasing a Third Property in Less Than 6 Weeks!

May 29, 2012

We are excited to announce yet another addition to...

Skyline Apartment REIT Enters Vernon, BC

March 14, 2019

On March 14, 2019, Skyline Apartment REIT, a privately-owned...

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.