[Guelph, Ontario – May 17, 2023]
On May 17, 2023, Skyline Apartment REIT acquired a newly built residential property located at 465 rue Sicard, Mascouche, Quebec. part of the multi-phase Quartier 7 development. The property, which consists of one 10-storey residential building with 106 luxurious condo-style one-bedroom, two-bedroom, and three-bedroom suites. is part of the multi-phase Quartier 7 development. It will be professionally managed by Gestion Danam Lacourse.
The Quartier 7 development is located in a residential area, directly opposite the Mascouche train station and close to public transport and essential services. The property offers an on-site fitness center, multi-purpose room, games area, heated outdoor pools, furnished outdoor spaces, and EV charging stations.
“Skyline Apartment REIT is proud to offer additional living spaces to Mascouche residents with the purchase of 456 rue Sicard,” said Matthew Organ, President, Skyline Apartment REIT.
“Our first Mascouche acquisition was 405 rue Sicard, the first phase of the Quartier 7 development, purchased in August 2020. The REIT has made several additional purchases within the Quartier 7 development since, and with the acquisition of 456 rue Sicard, we’re thrilled to expand our presence here while providing high-quality rental suites with sought-after features and amenities.”
Post-acquisition, Skyline Apartment REIT comprises 250 properties in 61 communities in seven provinces across Canada, with a total of 22,365 residential units.
Rental inquiries for Quartier 7 can be made at Quartier7Mascouche.com.
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 Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2006).
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 Management, please visit SkylineWealth.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.