New Sarnia, ON purchase for Skyline Apartment REIT
July 26, 2022 - Press Release
[Guelph, Ontario – July 26, 2022]
On July 26, 2022, Skyline Apartment REIT acquired a new property at 230 Forsyth Street North (Embassy Towers), Sarnia, Ontario. The property consists of one seven-storey residential building with 54 units. It will be managed by Skyline Living.
The total purchase price for the property was $8.3M.
“Skyline Apartment REIT is proud to offer additional living spaces to Sarnia residents with the purchase of Embassy Towers,” said Matthew Organ, President, Skyline Apartment REIT.
“The REIT is well-established in Sarnia and we’re pleased to be adding to the REIT’s holdings in the city. We’re proud to invest in many fantastic communities like these across Canada, providing high-quality rental suites with sought-after features and amenities.”
Post-acquisition, Skyline Apartment REIT comprises 245 properties in 60 communities in seven provinces across Canada, with a total of 21,697 residential units.
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
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