Skyline Apartment REIT Sells Residential Property in Alberta

May 17, 2022 - Press Release

[Guelph, Ontario – May 17, 2022]

On May 17, 2022, Skyline Apartment REIT sold a property at 39 Van Slyke Way, Red Deer, Alberta. The property has four residential buildings with 232 units in total.

The total sale price was $39.2M.

“39 Van Slyke Way was identified in 2022 as a non-core asset that was appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT.

“We thank Red Deer for having welcomed the Apartment REIT and allowing us to do great business in the community for years. 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 242 properties in 60 communities in seven provinces across Canada, with a total of 21,535 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
(519) 826-0439(519) 826-0439 x 243

Related Articles:

Skyline Apartment REIT Acquires Second Property in Vernon, BC

December 2, 2019

On December 2, 2019, the Skyline Apartment REIT, a...

Skyline Apartment REIT Acquires 4 New Properties!

October 4, 2013

On Friday, October 4th, 2013, Skyline Apartment REIT...

Skyline Apartment REIT buys 2nd property in Nanaimo, BC

May 26, 2022

[Guelph, Ontario – May 26, 2022] On May 26, 2022,...

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.