Skyline Apartment REIT Grows into Langford, BC
September 11, 2019 - Press Release
On September 11, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of The Enclave and Meaford Heights, two multi-residential properties in Langford, BC, for a combined price of $57.0 million. Both properties are mid-rise apartment buildings with The Enclave consisting of 81 units and Meaford Heights having 106 units. These acquisitions mark the REIT’s first entrance into Langford, BC.
“We are excited to bring the Skyline Living experience to the Langford, BC community,” commented Matthew Organ, President of Skyline Apartment REIT. “With each acquisition, we strive to not only provide tenants with quality homes but also a community that they can participate in and be proud of. Our staff looks forward to working with tenants and other members of the community to enable Skyline Living to have a positive impact on this great community.”
Both of these properties are professionally managed buildings offering a variety of bright, spacious suites complete with luxury finishes and are close to shopping. As part of the Skyline Living community, the Resident Manager for each building will plan regular social events and charitable activities to help the tenants of the buildings be active members of the Langford community.
Introduced 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.
Post-acquisition, the Skyline Apartment REIT comprises of 206 properties in 57 communities across 8 provinces – ON, SK, NB, QC, AB, BC, NS, MB – with 17,980 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:Jeff Stirling
Vice President, Corporate Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
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