Skyline Incorporated of Guelph, ON announced the amalgamation of $84 million of real estate and the creation of Skyline Real Estate Investment Trust (“Skyline REIT”). The private Skyline REIT enters the income trust market with 1,299 residential suites and 168,000 square feet of commercial space.
Skyline Incorporated of Guelph, ON announced today the close of a $7.55 million acquisition in Oshawa, ON, adding to its existing multi-residential and commercial real estate portfolio. This acquisition brings the Skyline Apartment REIT portfolio’s current market value holdings to $92 million.
Guelph-based Skyline Inc. has reached a milestone - it's turning itself into a private real estate investment trust to attract new money.
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