[Guelph, ON – December 17, 2020]
On December 17, 2020, Skyline Apartment REIT announced its first property acquisition in the city of Nanaimo, BC.
North Point is located at 6971, 6973 & 6975 Island Highway North in Nanaimo.
The property comprises 151 residential suites and has a mix of one and two-bedroom units.
North Point is located at nature’s doorstep with forest and parkland nearby. It is also located close to grocery stores, restaurants, and shopping. Suites feature vinyl plank flooring, nine-foot-high ceilings, expansive windows, Italian kitchens with modern appliances, in-suite laundry, and roomy balconies.
North Point will be managed by Skyline Living.
“North Point, our first purchase in the city of Nanaimo, is a fantastic addition to the Skyline Apartment REIT portfolio,” said Matthew Organ, President, Skyline Apartment REIT.
“The property will provide its residents the very best of the ‘island lifestyle’ with luxurious suite features. North Point is not only close to amenities, retail, and transit, it is right on the edge of beautiful parkland, trails, beaches, and lakes. With the purchase of North Point, we’re now providing 1355 homes to renters in the province of BC.”
Rental inquiries for North Point can be made at northpointnanaimo.com.
Post-acquisition, Skyline Apartment REIT comprises 223 properties in 61 communities in eight provinces across Canada, with a total of 19,697 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:
Director of Marketing
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8