Skyline Retail REIT sells property in Wallaceburg

Skyline Retail REIT Sells property in Wallaceburg

On May 19, 2022, Skyline Retail REIT sold a property at 808 & 820 Dufferin Avenue, Wallaceburg, Ontario. The property consists of two building totaling 15,577 square feet, with Chatham Kent Community Health Centres, Money Mart, and Wallaceburg Denture Clinic as tenants.

“Aligned with Skyline Retail REIT’s strategy of focusing on grocery- and pharmacy-anchored assets, the REIT’s management identified 808 & 820 Dufferin Avenue in Wallaceburg as no longer a core asset and appropriate for disposition. This sale expresses the REIT’s objective to increase its weighting in retail centers that act as community shopping hubs, catering to the essential needs of consumers,” said Gordon Driedger, President, Skyline Retail REIT.

“The funds surfaced from the disposition will be used towards opportunities that can help us achieve the REIT’s goal of maximizing value for Unitholders.”

Post-disposition, Skyline Retail REIT comprises 112 properties in 68 communities in 5 provinces across Canada, with a total of 4,821,978 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 Management”), the exclusive Exempt Market Dealer for the REIT.

Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritizes superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Apartment REIT, please visit SkylineRetailREIT.ca.

To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.

Skyline Retail REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Cindy Beverly
Vice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x602

Press releases are disseminated by Skyline Wealth Management Inc. (“Skyline Wealth Management”) on behalf of the Issuer as at the date of publication. Skyline Wealth Management does not undertake to advise the reader of any changes. Skyline Wealth Management has not taken any steps to verify accuracy. Commissions, trailing commissions, management fees and expenses all may be associated with investments in exempt market products. Please read the confidential offering documents before investing. Some of the investment products offered by Skyline Wealth Management are from related issuers. A full list of issuers related to Skyline Wealth Management and details of the relationship between them is available upon request.