On Friday December 20th 2013, Skyline Apartment REIT purchased two properties in the beautiful city of Stratford, ON. The first property, located at 136 Ontario Street, had a purchase price of $10.185M and comprises 53 units, with an additional 11,049 square feet of commercial space. The second property at 42 Campbell Court had a purchase price of $6.615M with 78 units. The acquisition of these two properties brings the Skyline Apartment REIT’s total unit count to over 10,000 – a remarkable achievement!
“It seems like only yesterday that we were buying our first rental property on Cole Road, here in Guelph,” says Jason Castellan, Skyline’s CEO and Co-Founder. “We have so many people to thank—we couldn’t be where we are today without their help and support from along the way. It feels surreal to be speaking of the size and magnitude to which we have grown. “
Post-acquisition, Skyline Apartment REIT currently comprises 10,108 apartment units in 127 properties spread out across 44 communities in four provinces, and approximately 700,000 square feet of commercial space.
42 Campbell Court, Stratford, ON
136 Ontario Street, Stratford, ON