News & Media
What is the average return on a REIT in Canada?
When assessing the average return on a REIT in Canada, it is important to differentiate between the public and private market. Key differences in liquidity, volatility, listing venue and regulatory requirements can lead to material imbalances in annual return profiles.
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Skyline Apartment REIT Continues to Grow in Nova Scotia
On June 24, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of The Vincent Coleman, a multi-residential property in Halifax, NS, for $27.7M.
Skyline Apartment REIT Completes Sale in Ingersoll, ON
On May 13th, 2019, Skyline Apartment REIT completed a disposition transaction of 2 properties (7 buildings, total of 164 units) in Ingersoll, ON, to London-based private owner, York Property Management for $15.7 M. The properties had been acquired in February 2008 and were owned and managed by Skyline until the time of disposition.
Skyline Apartment REIT Enters Manitoba with Winnipeg Purchase
On April 17, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced their entrance into the Manitoba market with the acquisition of three newly developed multi-residential properties for $71.6M.
Skyline Apartment REIT Continues to Grow in Dartmouth, NS
On April 10, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of The Hazelton, a newly developed multi-residential property for $22.27M.
Skyline Apartment REIT Enters Vernon, BC
On March 14, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Rockwood Landing, a newly developed multi-residential property for $13.3M. The acquisition is a five-story mid-rise apartment building (consisting of 60 units) and is the REIT’s first acquisition in Vernon, BC.
Skyline Apartment REIT Grows in Edmonton with $55.8M Deal
Skyline Apartment REIT is pleased to announce the acquisition of Portofino Suites– 2 multi-residential buildings 11440 & 11444 Ellerslie Road SW, Edmonton, AB. This $55.8M transaction closed December 18th and is the fund’s fourth acquisition in Edmonton.
Skyline Apartment REIT Grows in Sarnia with $2.375M Deal
On December 11, 2018, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, finalized a deal to purchase a 32-unit, multi-residential property for $2.375M. The purchase of 396 Exmouth Street is the 13th for Skyline Living’s Sarnia, ON portfolio.
Skyline Apartment REIT Sells $213.5 Million Multi-Residential Portfolio in St. Catharines, ON
Skyline Group of Companies is pleased to announce the sale of $213.5 million in multi-residential real estate assets from the Skyline Apartment REIT to Toronto-based Q Management LP (“Q”).
Skyline Apartment REIT Enters City of Kelowna, BC
On September 17, the Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Okanagan Place II, a three-building property at 1950, 1955 & 1960 Pacific Court in the city of Kelowna, BC.
Skyline Apartment REIT Enters City of West Kelowna, BC
On September 5, the Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Carrington Ridge, a four-building luxury apartment property at 3605, 3615, 3625 & 3635 Carrington Road in the city of West Kelowna, BC.
Skyline Apartment REIT Acquires Property in St. Thomas, ON
On July 30, the Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Elgin Woods Apartments at 2 & 4 Avon Road in St. Thomas, ON.
Skyline Apartment REIT Enters Dieppe, NB with 3-Building Purchase
On June 15, 2018, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, finalized a deal to purchase a property of three buildings for $8.4M.
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