Skyline Apartment REIT Acquires 3rd Property in Dartmouth, NS

December 8, 2020 - Press Release

On December 8, 2020, Skyline Apartment REIT announced its 3rd property acquisition in the city of Dartmouth, NS.

The Ashton is located at 79 Holtwood Court in Dartmouth. The total purchase price for the property was $25.6M.

The property comprises 86 residential suites and has a mix of one, two, and three-bedroom units.

The Ashton is located southeast of Dartmouth’s city centre and offers stunning views of Halifax Harbour and downtown Halifax. It is located close to parks, trails, shopping, restaurants, and health care facilities.

Amenities include an on-site fitness room, rooftop terrace, underground parking, and an indoor car wash bay. Suites feature quartz countertops, wrap-around balconies, and premium appliances.

The Ashton will be managed by Skyline Living.

Skyline Apartment REIT also owns the neighbouring property, The Kensington at 80 Holtwood Court, purchased in April 2018.

“We are pleased to be adding to our residential holdings in the great Russell Lake West neighbourhood of Dartmouth, which not only offers great amenities close by, but the ease of access to major travel routes connecting Dartmouth and Halifax,” said Matthew Organ, President, Skyline Apartment REIT.

“With the purchase of The Ashton, we’re now providing 289 homes in Dartmouth. We are committed to providing excellent living spaces for renters in Nova Scotia.”

Rental inquiries for The Ashton can be made at SkylineLiving.ca.

Post-acquisition, Skyline Apartment REIT comprises 222 properties in 60 communities in eight provinces across Canada, with a total of 19,546 suites.

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

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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.