Skyline Apartment REIT Continues to Grow in Sarnia, Ontario
August 22, 2019 - Press Release
On August 22, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Clair Oak Apartments, a multi-residential property in Sarnia, Ontario, for $7.8 million. The acquisition is a mid-rise apartment building consisting of 62 units and is the REIT’s 14th acquisition in Sarnia, Ontario.
“Over the years, Skyline has received a warm response from the Sarnia community,” commented Matthew Organ, President of Skyline Apartment REIT. “With the latest acquisition, we continue to grow in the city and provide residents with the quality of service that we are known for.”
Located in Sarnia’s High Park area at 255 Capel St, this professionally managed building offers a mix of bright bachelor, 1- and 2-bedroom suites close to multiple shopping centres and transit lines. As part of the Skyline Living community, the Resident Manager of this portfolio will plan regular social events and charitable activities to help the tenants of the building be active members of the Sarnia community.
Learn more about Clair Oak Apartments here.
Introduced in 2006, Skyline Apartment REIT is fully-managed and operated by the Skyline Group of Companies, a Guelph, Ontario-based real estate acquisitions, management, and investment firm.
Post-acquisition, the Skyline Apartment REIT comprises of 204 properties in 56 communities across 8 provinces – Ontario, Saskatchewan, New Brunswick, Québec, Alberta, British Columbia, Nova Scotia, Manitoba – with 17,793 units and 655,178 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:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, Ontario N1H 2S8
cbeverly@skylinegrp.ca
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