Skyline Apartment REIT buys 15th property in Sarnia, Ontario
April 28, 2021 - Press Release
[Guelph, ON – April 28, 2021]
On April 28, 2021, Skyline Apartment REIT purchased a property in the city of Sarnia, Ontario.
The Dorchester is located at 368 Exmouth Street in Sarnia, and consists of one building with a mix of one and two-bedroom suites, with a total of 33 suites. The total purchase price for The Dorchester was $3.35M.
The Dorchester is located close to many amenities including grocery, restaurants, parks, and transit, with easy access to downtown Sarnia and Highway 402.
The building offers balconies for each suite, as well as on-site laundry facilities and storage lockers.
“Skyline Apartment REIT is proud to be expanding its holdings in the city of Sarnia with the purchase of The Dorchester,” said Matthew Organ, President, Skyline Apartment REIT.
“The property is in a great location near one of the city’s main thoroughfares, and it is also just down the street from Elkhart Manor at 396 Exmouth Street, purchased by Skyline Apartment REIT in December 2018. With this purchase, we are now offering 879 suites to Sarnia residents.”
The Dorchester is Skyline Apartment REIT’s 15th purchase in the city of Sarnia. It will be managed by Skyline Living. Rental inquiries for The Dorchester can be made at SkylineLiving.ca.
Skyline Apartment REIT now comprises 228 properties in 61 communities in eight provinces across Canada, with a total of 19,803 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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