Skyline Apartment REIT Acquires Fourth Property of 2012
July 3, 2012 - Press Release
On the heels of three recent acquisitions in the second quarter of 2012, Skyline Apartment REIT acquired its 105th property in the lovely town of Dundas (Ontario) located just north of Hamilton. This 102-unit building is located at 16 Helen Street in an affluent section of the city, nestled between single family homes in a safe and coveted neighbourhood. The building also backs on to Dundas Park and is just minutes from McMaster University.
Although this new acquisition expanded the Skyline Apartment REIT portfolio into its 40th community, its proximity to Hamilton will allow it to benefit from efficiencies and capitalize on economies of scale with the other portfolio properties in that area. The purchase price of this new property was approximately $8.8 million.
As of the end of the second quarter of 2012, Skyline Apartment REIT is now made up of 7,760 apartment units and over 700,000 square feet of commercial space…and growing!
To learn more about investment opportunities within Skyline Apartment REIT, please contact the Skyline Wealth Management Inc. Investor Relations team directly at 1.888.977.REIT(7348) or by email at invest@skylineonline.ca. This investment is available to Accredit Investors only or to those who are otherwise exempt. Past performance is not an indicator of future performance.
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 exclusive Exempt Market Dealer for the REIT.
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 more about Skyline Apartment REIT and other 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:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x602
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