Skyline Apartment REIT Grows in Sarnia with $2.375M Deal

December 11, 2018 - Press Release

On December 11, 2018, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, finalized a deal to purchase a 32-unit, multi-residential property for $2.375M. The purchase of 396 Exmouth Street is the 13th for Skyline Living’s Sarnia, ON portfolio.

“With our focus in secondary and tertiary markets, we have had great success in the city of Sarnia,” comments Matthew Organ, President of Skyline Apartment REIT. “We look forward to growing in the community and continuing to provide the residents of Sarnia the trusted quality of housing that we have been known for.”

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.

The professionally managed building features 1 and 2-bedroom suites with a mature tenant base and is within walking distance to many shops, public transit stops, and the hospital. As part of Skyline Living’s commitment to the community, the Resident Manager of this portfolio will coordinate regular social events and charitable activities to help the residents of the building be active members of the Sarnia community. Together we will build and support vibrant communities!

Post-acquisition, the Skyline Apartment REIT comprises 190 properties in 52 communities across 7 provinces – ON, SK, NB, QC, AB, BC, NS – with 16,568 units and 650,601 square feet of commercial space.

Skyline Living building in Sarnia, ON

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 Two Properties in Sault Ste. Marie, ON

June 19, 2015

On Friday, June 19th, 2015, the Skyline Apartment REIT...

Skyline Apartment REIT Announces First Acquisition of 2012!

April 16, 2012

To kick-off the spring season and the second quarter...

Skyline Apartment REIT Purchases Frontenac Arms; Lasalle I & II properties in Kingston, ON

April 14, 2020

On April 14th, 2020, Skyline Apartment REIT announced...

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.