Skyline Retail REIT acquires property in Red Deer, AB
On August 8, 2022, Skyline Retail REIT purchased a property at 5111 22nd Street, Red Deer, AB.
[Guelph, ON – August 8, 2022]
On August 8, 2022, Skyline Retail REIT purchased a retail property at 5111 22nd Street, Red Deer, AB. The property totals 73,807 square feet on 6.4 acres and is 97.8% occupied. It comprises 7 tenants, including The Brick, Golf Town, Swiss Chalet/Harvey’s, and Urban Barn.
“We’re pleased to announce the acquisition of Skyline Retail REIT’s second property in the city of Red Deer,” said Gordon Driedger, President, Skyline Retail REIT.
“This property is situated in a prime retail location within the city, and the plaza is anchored with national name-brand tenants with whom Skyline Retail has developed strong working relationships.”
Post-acquisition, Skyline Retail REIT comprises 115 properties in 69 communities in 5 provinces across Canada, with a total of 5,095,920 square feet of retail space.
About Skyline Retail REIT
Skyline Retail REIT (the “REIT”) is a privately owned and managed portfolio of retail properties, focused on acquiring well-located properties with service-oriented, national brand tenants in secondary and tertiary communities across Canada.
Skyline Retail REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT.
Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritises superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.