On August 22, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Clair Oak Apartments, a multi-residential property in Sarnia, ON, for $7.8 million. The acquisition is a mid-rise apartment building consisting of 62 units and is the REIT’s 14th acquisition in Sarnia, ON.
“Over the years, Skyline has received a warm response from the Sarnia community,” commented Matthew Organ, President of Skyline Apartment REIT. “With the latest acquisition, we continue to grow in the city and provide residents with the quality of service that we are known for.”
Located in Sarnia’s High Park area at 255 Capel St, this professionally managed building offers a mix of bright bachelor, 1- and 2-bedroom suites close to multiple shopping centres and transit lines. As part of the Skyline Living community, the Resident Manager of this portfolio will plan regular social events and charitable activities to help the tenants of the building be active members of the Sarnia community.
Learn more about Clair Oak Apartments here.
Introduced in 2006, Skyline Apartment REIT is fully-managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisitions, management, and investment firm.
Post-acquisition, the Skyline Apartment REIT comprises of 204 properties in 56 communities across 8 provinces – ON, SK, NB, QC, AB, BC, NS, MB – with 17,793 units and 655,178 square feet of commercial space.
Skyline Living, based in Guelph, is a division of the Skyline Group of Companies, a national real estate investment, and property management organization. Skyline Living is committed to providing best in class apartments, environmental leadership, and community support. Our goal is to improve the lives of our residents, our employees, and the neighbourhoods in which they live.
To learn more about the Skyline Group of Companies and Skyline Living, please visit our website at www.skylineliving.ca.
Bethany Curtis
Manager, Content Marketing and Communications
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231