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 Management”), 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, please visit SkylineApartmentREIT.ca.
To learn more about Skyline Apartment REIT and other alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Bethany CurtisManager, Content Marketing and Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231
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