On October 3, 2022, Skyline Apartment REIT acquired a residential property located at 76 Mary Street, Chatham, Ontario. The property consists of an eight-story residential building with 117 units. It will be professionally managed by Skyline Living.
The total purchase price for the property was $22.3 M.
“Skyline Apartment REIT is proud to offer additional living spaces to Chatham residents with the purchase of River Ridge Towers,” said Matthew Organ, President, Skyline Apartment REIT.
“We’re thrilled to be expanding our presence here while providing high-quality rental suites with sought-after features and amenities.”
Post-acquisition, Skyline Apartment REIT comprises 248 properties in 61 communities in seven provinces across Canada, with a total of 22,258 residential units.
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 Management”), the preferred 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, 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.
For media inquiries, please contact:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x602