Skyline Apartment REIT Acquires 4th Property in Winnipeg, MB
October 5, 2020 - Press Release
On October 5th, 2020, Skyline Apartment REIT announced its fourth property acquisition in the city of Winnipeg, MB.
Lady Joyce Apartments is located at 2390 McPhillips Street in Winnipeg. The total purchase price for the property was $19.4M.
The property comprises 90 residential suites and has a mix of one and two-bedroom units. Lady Joyce Apartments is located in the Garden City neighbourhood in north Winnipeg, with all essential services conveniently nearby, such as grocery stores, cafes, and schools. It offers upscale open-concept suites with high-end finishes, private balconies, and in-suite laundry, and the property features an on-site fitness centre.
“We were warmly welcomed to the city of Winnipeg in 2019 and we are excited to be expanding our presence with the purchase of Lady Joyce Apartments,” said Matthew Organ, President of Skyline Apartment REIT.
“Our first three purchases in the city were all part of a property portfolio acquired in April 2019. For more than a year, we have been providing great places to call home for more than 300 families in the city, and we are pleased to be providing 90 additional luxurious living spaces with the addition of Lady Joyce Apartments.”
Rental inquiries for Lady Joyce Apartments can be made at LadyJoyce.ca.
Post-acquisition, Skyline Apartment REIT comprises 217 properties in 59 communities in eight provinces across Canada, with a total of 19,240 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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