[Guelph, ON – November 26, 2020]
On November 26, 2020, Skyline Apartment REIT announced its 28th property acquisition in the city of Windsor, ON.
Royal Tower Apartments is located at 101 Langlois Avenue in Windsor. The total purchase price for the property was $10.85M.
The property comprises 91 residential suites and has a mix of one and two-bedroom units.
Royal Tower Apartments is located just northeast of Windsor’s city centre and offers stunning views of downtown Windsor and the Detroit River. Parks, trails, restaurants, and shopping are all nearby.
Skyline Apartment REIT became the largest residential real estate owner in Windsor in September 2015 with the purchase of a $136.2M, 23-property portfolio.
“Out of all Skyline Apartment REIT’s communities, Windsor has our largest property count, with a total of 28 properties, including our new acquisition at Royal Tower Apartments,” said Matthew Organ, President, Skyline Apartment REIT.
“With the purchase of Royal Tower Apartments, we’re now providing more than 2,000 apartment suites in the city.”
Rental inquiries for Royal Tower Apartments can be made at SkylineLiving.ca.
Post-acquisition, Skyline Apartment REIT comprises 221 properties in 60 communities in eight provinces across Canada, with a total of 19,460 suites.
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 exclusive 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 and other 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
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8