[Guelph, Ontario – November 1, 2023]
On November 1, 2023, Skyline Apartment REIT sold eight residential properties located in Thunder Bay, Ontario:
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.
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. It is also available on Fundserv (Code: RBS2400).
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.