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”), 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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