On December 20, 2024, Skyline Apartment REIT sold a property at 70 Fountain Street East in Guelph, Ontario.
The property comprises one three-storey building with 21,378 square feet of commercial space.
“70 Fountain Street East was identified in 2024 as appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT.
“We will continue to evaluate the Skyline Apartment REIT portfolio and identify any non-core assets where strategic dispositions can create further value for our investors.”
Post-disposition, Skyline Apartment REIT comprises 235 properties in 55 communities in seven provinces across Canada, with a total of 21,006 residential suites.
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. 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.
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