Skyline Apartment REIT sells Sherwood Park, Alberta property

[Guelph, Ontario – June 9, 2025]

On June 9, 2025, Skyline Apartment REIT sold a 208-suite property at 5000, 5100, 5400, 5500 & 5600 Clover Bar Road (Emerald Hills) in Sherwood Park, Alberta.

With this sale, Skyline Apartment REIT will be exiting the Sherwood Park market.

“The sale of Emerald Hills aligns with our ongoing strategy to refine and modernize the Skyline Apartment REIT portfolio, focusing on core Canadian markets that best support the REIT’s long-term growth,” said Matthew Organ, President, Skyline Apartment REIT.

“We thank Sherwood Park for having welcomed and supported the REIT over the past nine years. We remain committed to actively managing the portfolio and identifying opportunities where strategic dispositions can unlock further value for our investors.”

Post-disposition, Skyline Apartment REIT comprises 236 properties in 52 communities in seven provinces across Canada, with a total of 20,958 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 March 31, 2025

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