Skyline Apartment REIT Acquires New 7-Property Portfolio in Chatham, Ontario and Sarnia, Ontario!
May 30, 2014 - Press Release
On Friday, May 30th, 2014, Skyline Apartment REIT purchased a 7-property portfolio consisting of residential buildings in the cities of Chatham, Ontario and Sarnia, Ontario, communities in which the Skyline Apartment REIT is already well-established.
The portfolio of properties includes:
- 80 Colborne Road, Sarnia, Ontario
- 75 Colborne Road, Sarnia, Ontario
- 20 Berkshire Road, Sarnia, Ontario
- 25 Willowdale Crescent, Sarnia, Ontario
- 43 Grand Avenue East, Chatham, Ontario
- 00 McFarlane Avenue, Chatham, Ontario
- 0 Merritt Avenue, Chatham, Ontario
The total purchase price for the portfolio was $32,250,000, bringing the Skyline Apartment REIT’s total IFRS value to $1,031,876,000.
Skyline Apartment REIT currently has 132 properties and 10,524 units in 43 communities across four provinces, with 718,952 square feet of commercial space.
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, Ontario N1H 2S8
519.826.0439 x602
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