Skyline Apartment REIT Purchases Additional Properties in Thunder Bay
June 14, 2018 - Press Release
On June 14, 2018, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, finalized a deal to purchase a portfolio of four buildings for $16.08M. After the purchase of 625 Beverly Street (“Whitney Court”), 625 Fulton Boulevard (“Fleming Place”), 645 Sherrington Drive (“Jenner Court”), and 650 Sherrington Drive (“Morse Manor”), Skyline Living now has 8 properties in Thunder Bay.
“Skyline has been part of the Thunder Bay community since 2008,” commented Matthew Organ, President of Skyline Apartment REIT. “With the addition of these four properties, we not only increase our commitment to the city, but we bring our model of quality homes with a community focus to within walking distance of Lakehead University and the Thunder Bay Regional Health Services Centre.”
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 Thunder Bay community.
Post-acquisition, the Skyline Apartment REIT comprises 194 properties in 51 communities across 8 provinces – ON, SK, NB, NL, QC, AB, BC, NS – with 17,179 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:
Director of Marketing, 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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