Skyline Apartment REIT Sells Property in Gatineau, Quebec

December 13, 2023 - Press Release

[Guelph, Ontario – December 13, 2023]

On December 13, 2023, Skyline Apartment REIT sold a property at 65-71 boulevard Fournier & 15 rue Beriault (Jacques Cartier Apartments) in Gatineau, Quebec.

The property comprises three 6-storey buildings with 248 residential units in total.

“Although Skyline Apartment REIT typically maintains a buy-and-hold strategy, we regularly evaluate our property portfolio and identify any non-core assets, where strategic dispositions can surface further value for our investors,” said Matthew Organ, President, Skyline Apartment REIT.

“65-71 boulevard Fournier & 15 rue Beriault was identified in 2023 as appropriate for a strategic disposition. Funds surfaced from the property’s sale will be used toward accretive property acquisitions to ensure maximum value for Skyline Apartment REIT unitholders.”

Post-disposition, Skyline Apartment REIT comprises 242 properties in 58 communities in seven provinces across Canada, with a total of 21,612 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 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 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 x243

Related Articles:

Skyline Apartment REIT Acquires Thunder Bay, ON Property

June 10, 2009

Skyline Incorporated of Guelph, Ontario announced June...

Skyline Apartment REIT Purchases Two Additional Properties in Gatineau, QC

October 5, 2015

On Monday, October 5th, 2015, the Skyline Apartment...

Skyline Apartment REIT Acquires 4th Property in Winnipeg, MB

October 5, 2020

Skyline Apartment REIT buys Lady Joyce Apartments in...

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.