Skyline Apartment REIT buys 2 additional Sarnia properties

April 20, 2022 - Press Release

[Guelph, Ontario – April 20, 2022]

On April 20, 2022, Skyline Apartment REIT acquired two properties located at 176 Vidal Street South (Riverside Towers) and 985 Maxwell Street (High Park Place) in Sarnia, Ontario. The total purchase price for the properties was $21 million.

The properties comprise 120 residential units in total. Both properties will be managed by Skyline Living.

“We’re thrilled to be making a sizeable addition to the Skyline Apartment REIT property portfolio with this multiple-property acquisition,” 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 242 properties in 60 communities in seven provinces across Canada, with a total of 21,767 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 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
519.826.0439 x243

Related Articles:

Skyline Apartment REIT Purchases Additional Properties in Brantford and Sarnia

March 28, 2018

Skyline Apartment REIT, a privately-owned and managed...

Skyline Apartment REIT in 2021 “Who’s Who in Real Estate”

July 6, 2021

[Guelph, ON – July 6, 2021]   Skyline Apartment...

Skyline Highlighted in Financial Post Article

August 3, 2015

On August 3rd 2015, the Financial Post published...

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.