Skyline Apartment REIT Acquires 3rd Property in Dartmouth, NS
December 8, 2020 - Press Release
On December 8, 2020, Skyline Apartment REIT announced its 3rd property acquisition in the city of Dartmouth, NS.
The Ashton is located at 79 Holtwood Court in Dartmouth. The total purchase price for the property was $25.6M.
The property comprises 86 residential suites and has a mix of one, two, and three-bedroom units.
The Ashton is located southeast of Dartmouth’s city centre and offers stunning views of Halifax Harbour and downtown Halifax. It is located close to parks, trails, shopping, restaurants, and health care facilities.
Amenities include an on-site fitness room, rooftop terrace, underground parking, and an indoor car wash bay. Suites feature quartz countertops, wrap-around balconies, and premium appliances.
The Ashton will be managed by Skyline Living.
Skyline Apartment REIT also owns the neighbouring property, The Kensington at 80 Holtwood Court, purchased in April 2018.
“We are pleased to be adding to our residential holdings in the great Russell Lake West neighbourhood of Dartmouth, which not only offers great amenities close by, but the ease of access to major travel routes connecting Dartmouth and Halifax,” said Matthew Organ, President, Skyline Apartment REIT.
“With the purchase of The Ashton, we’re now providing 289 homes in Dartmouth. We are committed to providing excellent living spaces for renters in Nova Scotia.”
Rental inquiries for The Ashton can be made at SkylineLiving.ca.
Post-acquisition, Skyline Apartment REIT comprises 222 properties in 60 communities in eight provinces across Canada, with a total of 19,546 suites.
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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