Skyline Apartment REIT adds to Guelph, Ontario portfolio

[Guelph, Ontario—February 20, 2025]

On February 20, 2025, Skyline Apartment REIT further advanced its strategic growth in the Guelph market with the acquisition of The Kortyard, a modern residential property located at 171 Kortright Road West in Guelph, Ontario.

The property features a five-storey building with 81 modern-style suites offering residents high-end finishes and sought-after amenities, including rooftop courtyard, fitness room and social space.

With the purchase, Skyline Apartment REIT now owns 11 properties with 632 suites in the city of Guelph.

“Skyline Apartment REIT is proud to offer additional living spaces to Guelph residents with the purchase of The Kortyard,” said Matthew Organ, President, Skyline Apartment REIT.

“Skyline got its start in Guelph and while we now operate across Canada, we remain deeply rooted in this city. We’re thrilled to be expanding our presence here while providing high-quality rental suites with sought-after features and amenities.”

The Kortyard is located in Guelph’s vibrant and fast-growing south end, close to key amenities including grocery stores, restaurants and recreational trails. This move aligns with Skyline’s strategy of investing in neighbourhoods with strong economic fundamentals and long-term growth potential. The acquisition not only enhances Skyline’s footprint in a city where it is already well-established, it also supports its broader objective of acquiring properties in growth-oriented urban markets across Canada.

Following this acquisition, Skyline Apartment REIT’s national portfolio comprises 234 properties in 54 communities across seven provinces with a total of 21,140 residential suites solidifying its role as a key player in Canada’s real estate investment landscape.

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.

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