On Friday, May 30th, 2014, Skyline Apartment REIT purchased a 7-property portfolio consisting of residential buildings in the cities of Chatham, Ontario and Sarnia, Ontario, communities in which the Skyline Apartment REIT is already well-established.
The portfolio of properties includes:
880 Colborne Road, Sarnia, Ontario
875 Colborne Road, Sarnia, Ontario
620 Berkshire Road, Sarnia, Ontario
325 Willowdale Crescent, Sarnia, Ontario
343 Grand Avenue East, Chatham, Ontario
100 McFarlane Avenue, Chatham, Ontario
50 Merritt Avenue, Chatham, Ontario
The total purchase price for the portfolio was $32,250,000, bringing the Skyline Apartment REIT’s total IFRS value to $1,031,876,000.
Skyline Apartment REIT currently has 132 properties and 10,524 units in 43 communities across four provinces, with 718,952 square feet of commercial space.