[Guelph, Ontario – December 21, 2023]
Skyline Industrial REIT, a Guelph, Ontario-based Real Estate Investment Trust (REIT) focused on acquiring, managing, and developing modern warehouse and logistics facilities across Canada, is pleased to announce the acquisition of a major warehousing and logistics asset in Alberta.
On December 21, 2023, Skyline Industrial REIT purchased a multi-tenant industrial logistics and warehousing facility located at 1 High Plains Trail in Rocky View County (Balzac), Alberta.
Completed in 2023, the building totals 414,459 square feet and is 100% leased to two high-value tenants, on long-term leases.
“This acquisition signifies the REIT’s second asset in Rocky View County (Balzac), Alberta, a market where we have witnessed tremendous tenant demand and are excited to expand our footprint,” said Mike Bonneveld, President, Skyline Industrial REIT.
“We are very pleased with this acquisition as it perfectly supports and aligns with our acquisition strategy and adds a major asset to the portfolio.”
Skyline Industrial REIT first entered Rocky View County in October 2021 with the purchase of a new-build 150,000 square foot industrial warehouse.
Post-acquisition, Skyline Industrial REIT comprises 50 properties in five provinces across Canada, with a total of 9,610,563 square feet of industrial space.
Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Industrial 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: SKY2012).
Skyline Industrial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Industrial REIT, please visit SkylineIndustrialREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Industrial REIT is operated and managed by Skyline Group of Companies.