Skyline Apartment REIT sells Thunder Bay, Ontario portfolio

[Guelph, Ontario – November 1, 2023]

On November 1, 2023, Skyline Apartment REIT sold eight residential properties located in Thunder Bay, Ontario:

• 210 & 220 Leslie Avenue (Vacant Land)
• 335 Adelaide Street (Harbour Heights Apartments)
• 355 Adelaide Street (River Heights Apartments)
• 625 Beverly Street (Lakehead Apartments)
• 625 Fulton Boulevard (Lakehead Apartments)
• 645 Sherrington Drive (Lakehead Apartments)
• 650 Sherrington Drive (Lakehead Apartments)
• 777 Kingsway Avenue (Kingsway Apartments)

The properties total 493 residential units. With the sale of these properties, Skyline Apartment REIT will be leaving the Thunder Bay market.

“Our portfolio in Thunder Bay was identified as appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT.

“We thank Thunder Bay for having welcomed the Apartment REIT and allowing us to do great business in the community for many years. We will continue to evaluate the Skyline Apartment REIT portfolio and identify any non-core assets where strategic dispositions may surface further value for our investors.”

Post-disposition, Skyline Apartment REIT comprises 242 properties in 60 communities in seven provinces across Canada, with a total of 21,830 residential units.

To learn more about Skyline Apartment REIT, please visit SkylineApartmentREIT.ca.

To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.

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 preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2006).

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 about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealthManagement.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

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