Skyline Apartment REIT buys eighth Mascouche, Quebec property

[Guelph, Ontario—May 29, 2025]

Skyline Apartment REIT is further expanding its footprint in the city of Mascouche, Quebec, underscoring its commitment to investing in fast-growing secondary and tertiary Canadian communities with rising rental housing demands.

On May 29, 2025, the REIT purchased a residential property at 1449-1451 avenue de la Gare in Mascouche.

The property is part of Quartier 7, a larger, multi-building development at avenue de la Gare and rue Sicard in Mascouche. It comprises two four-storey residential buildings with 48 condo-style suites and 19,469 square feet of ground-floor retail space. With the purchase, Skyline Apartment REIT now owns eight properties with 657 suites in the city of Mascouche—all part of the Quartier 7 development.

“Our latest purchase in Mascouche represents the type of opportunity the REIT seeks, and we continue to see considerable value in investing in the city,” said Matthew Organ, President, Skyline Apartment REIT.

“With a growing population and the infrastructure to support sustainable growth, Mascouche is a thriving secondary market. The Quartier 7 development offers modern assets in a high-demand location, supporting the REIT’s goal to deliver long-term investor value.”

Mascouche has seen a 9.6% increase in population growth from 2016-2021 according to census data, more than double the provincial average of 4.1% and surpassing the national average of 5.2%. It has also seen a 14% increase in median rent prices over the past year.

The Quartier 7 development is located in a residential area close to retail shopping, schools, and parks, and is also directly across from the Mascouche train station, providing residents convenient connectivity to the greater Montreal area. The property also offers an on-site fitness center, multi-purpose room, games area, heated outdoor pools, furnished outdoor spaces, and EV charging stations.

Post-acquisition, Skyline Apartment REIT comprises 237 properties in 53 communities in seven provinces across Canada, with a total of 21,166 residential suites.

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About Skyline

Skyline is a capital management company that acquires, develops, and manages real estate properties and renewable infrastructure assets, and offers them as private alternative investment products.

Skyline currently manages more than $9 billion* in assets across its real estate and renewable infrastructure platforms.

With approximately 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.

For more information about Skyline, please visit SkylineGroupOfCompanies.ca.

*As at December 31, 2024

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