Skyline Apartment REIT purchases additional property in Bedford, Nova Scotia
November 9, 2023 - Press Release
[Guelph, Ontario – November 9, 2023]
On November 9, 2023, Skyline Apartment REIT acquired a newly built residential property located at 118 & 120 Tilbury Avenue (Brookside Terrace), Bedford, Nova Scotia. The property consists of two six-storey residential buildings with 175 brand-new luxury one, two, and three-bedroom suites. It is professionally managed by Skyline Living.
The property offers an on-site gym, outdoor patios, underground parking, and a social lounge with a full kitchen. Each suite features an open-concept design with in-suite laundry and plenty of storage.
“Skyline Apartment REIT is proud to offer additional living spaces to Bedford residents with the purchase of Brookside Terrace at 118 & 120 Tilbury Avenue,” said Matthew Organ, President, Skyline Apartment REIT.
“Our first Bedford acquisition was a multi-property acquisition which included 200 Broad Street (The Two Hundred on Broad) and 245 Innovation Drive (Symphony Suites), purchased in March 2022. With the acquisition of Brookside Terrace, we’re thrilled to expand our presence here while providing high-quality rental suites with sought-after features and amenities.”
Post-acquisition, Skyline Apartment REIT comprises 243 properties in 60 communities in seven provinces across Canada, with a total of 22,005 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 more about Skyline Apartment REIT, please visit SkylineApartmentREIT.ca.
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.
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