[Guelph, Ontario – March 3, 2022]
On March 3, 2022, Skyline Apartment REIT purchased a seven-property portfolio in Nova Scotia and Ontario:
- 200 Broad Street (The Two Hundred on Broad), Bedford, Nova Scotia
- 245 Innovation Drive (Symphony Suites), Bedford, Nova Scotia
- 89 Willow Road (Willow Road Apartments), Guelph, Ontario
- 25 Westwood Court (Broadway Apartments), Lindsay, Ontario
- 945 & 955 Huron Street (Gemini Towers), London, Ontario
- 909 Clonsilla Avenue (Delta Apartments), Peterborough, Ontario
- 325 Lakeview Drive (The Greens of Sally Creek), Woodstock, Ontario
The portfolio totals 674 residential units. The total purchase price for the portfolio was $190M.
“We’re thrilled to be making a sizeable addition to the Skyline Apartment REIT property portfolio with this multiple-property acquisition,” said Matthew Organ, President, Skyline Apartment REIT.
“The REIT is proud to be welcomed to the town of Bedford, Nova Scotia with this purchase, as well as welcomed back to the community of Lindsay, Ontario. We’re also pleased to be further investing in communities in which the REIT is already established: Guelph, London, Peterborough, and Woodstock, Ontario. We’re proud to invest in many fantastic communities like these across Canada, providing high-quality rental suites with sought-after features and amenities.”
The properties will be managed by Skyline Living.
Post-acquisition, Skyline Apartment REIT comprises 240 properties in 60 communities in seven provinces across Canada, with a total of 21,647 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”), the preferred 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 about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group Of Companies.
For media inquiries, please contact:
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8