Skyline Apartment REIT Sells Commercial Property in Guelph

April 13, 2023 - Press Release

[Guelph, Ontario –April 12, 2023]

On April 12, 2023, Skyline Apartment REIT sold a property at 130 Macdonell Street (Priory Square), Guelph, Ontario.

The property comprises one eight-storey building with 137,071 square feet of commercial space. The total sale price for the property was $26.8M.

“130 Macdonell Street was identified in 2023 as appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT. “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 249 properties in 61 communities in seven provinces across Canada, with a total of 22,258 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 Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2006).

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 Management, please visit SkylineWealthManagement.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Bethany Curtis
Manager, Content Marketing and Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231

Related Articles:

Canadian Real Estate Magazine: Investing in REITs

January 19, 2010

Article Published in Canadian Real Estate Magazine,...

Groundbreaking at Residences at Silvercreek, Collingwood

May 3, 2024

[Guelph, Ontario – May 3, 2024] Construction is underway...

Skyline Apartment REIT enters Parksville, BC

September 2, 2022

The REIT purchased a 122-suite property in the city...

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.