Skyline Apartment REIT Sells Property in Langford, BC
March 1, 2022 - Press Release
[Guelph, Ontario –March 1, 2022]
On March 1, 2022, Skyline Apartment REIT sold a property at 1085 Goldstream Avenue (The Star on Goldstream) in Langford, BC.
The property totals 166 residential units. The sale price for the property was $66.3M.
The property was originally purchased by Skyline Apartment REIT in 2020.
“1085 Goldstream Avenue in Langford was identified in 2021 as appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT.
“We are proud to continue our presence in Langford with 728 Meaford Avenue (Meaford Heights), which is providing 106 units for Langford residents. We will continue to evaluate the Skyline Apartment REIT portfolio and identify any non-core assets, where strategic dispositions can surface further value for our investors.”
Post-disposition, Skyline Apartment REIT comprises 233 properties in 59 communities in seven provinces across Canada, with a total of 20,973 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
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
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