Skyline Apartment REIT purchases 7th Mascouche property

[Guelph, Ontario – August 7, 2024]

On August 7, 2024, Skyline Apartment REIT acquired a newly built residential property located at 445 rue Sicard, Mascouche, Quebec.

The property, which is part of the multi-phase Quarter 7 development, comprises one 10-storey residential building with 106 condo-style suites. It will be professionally managed by Gestion Danam Lacourse.

The Quartier 7 development is located in a residential area, directly opposite the Mascouche train station and close to public transport and essential services.  The property offers an on-site fitness center, multi-purpose room, games area, heated outdoor pools, furnished outdoor spaces, and EV charging stations.

“Skyline Apartment REIT is proud to offer additional living spaces to Mascouche residents with the purchase of 445 rue Sicard,” said Matthew Organ, President, Skyline Apartment REIT.

“Our first entry into the Mascouche market was in August 2020 with the purchase of the first phase of the Quarter 7 development, 405 rue Sicard. We received a great welcome and we’re thrilled to be continuing to expand our presence here while providing high-quality rental suites with sought-after features and amenities.”

Post-acquisition, Skyline Apartment REIT comprises 239 properties in 57 communities in seven provinces across Canada, with a total of 21,737 residential units.

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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