[Guelph, Ontario – April 19, 2024]
On April 19, 2024, Skyline Apartment REIT sold a property at 367 Sutherland Way (Place Sainte Marie) in Haileybury, Ontario.
The property comprises one 5-storey building with 48 residential units in total.
“367 Sutherland Way was identified as appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT.
With this property sale, Skyline Apartment REIT will be leaving the Haileybury market.
“We thank Haileybury for having welcomed the Apartment REIT and allowing us to do great business in the community for 12 years. We will continue to evaluate the Skyline Apartment REIT portfolio and identify any non-core assets, where strategic dispositions can surface further value for our investors.”
Post-disposition, Skyline Apartment REIT comprises 241 properties in 58 communities in seven provinces across Canada, with a total of 21,988 residential units.
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 SkylineWealthManagement.ca.
Skyline Apartment REIT is operated and managed by Skyline Group of Companies.