Skyline Group of Companies CEO Jason Castellan Featured on RealREIT 2020 Conference Panel
September 24, 2020 - Press Release
On September 24, 2020, Skyline Group of Companies Co-Founder & CEO Jason Castellan spoke on a panel discussion at the RealREIT conference, which was held virtually for 2020.
The panel’s topic was “Trying to understand valuations and the investment market in the age of COVID-19: is transaction activity returning?”
Castellan spoke to the strength and competitive pricing seen amid the pandemic among all three of the real estate asset classes Skyline is invested in: residential, industrial, and retail —and how this resulted in consistently strong performance for Skyline Apartment REIT, Skyline Commercial REIT?, and Skyline Retail REIT through the past seven months.
Opportunities for transactions continued in many of Canada’s secondary and tertiary markets in which Skyline’s properties exist, and where Skyline continues to seek further acquisitions.
During the discussion, Castellan highlighted a particular acquisition transaction for Skyline Apartment REIT that closed in mid-April 2020: 2 apartment properties in Kingston, ON, that were purchased for $32M. He noted that although the first wave of the pandemic was at its height at this time, conditions remained favorable to close the 234-suite transaction.
The panel was moderated by Colin Johnston, President, Research Valuation and Advisory, Canada, Altus Group.
Other panelists included representation from CMLS Financial, Starlight Capital, and KPMG LP.
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 preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: RBS2400).
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 about additional 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
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
November 21, 2007Skyline Incorporated of Guelph, Ontario announced November...
April 17, 2019On April 17, 2019, Skyline Apartment REIT, a privately-owned...
September 9, 2011Property Biz Canada (Sept 2011) - Paul Brent from Property...