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 Purchases Additional Properties in Thunder Bay
On June 14, 2018, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, finalized a deal to purchase a portfolio of four buildings for...
Skyline Apartment REIT Enters British Columbia with Kelowna Purchase
On May 3, 2018, Skyline Apartment REIT finalized a deal to purchase 1979 Pandosy Street (“Malibu Apartments”) for $5.3M. The purchase of “Malibu Apartments” is Skyline Apartment REIT’s first acquisition in British Columbia.
Skyline Apartment REIT Enters Nova Scotia with Dartmouth Purchase
On April 26, 2018, Skyline Apartment REIT finalized a deal to purchase 80 Holtwood Court (“The Kensington”) for $25.5M. With residential properties in BC, Alberta, Ontario, Quebec and New Brunswick, the purchase of “The Kensington” is Skyline Apartment REIT’s first acquisition in Nova Scotia.
Skyline Apartment REIT Purchases Additional Properties in Brantford and Sarnia
Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, has recently finalized two deals that adds to their already strong presence in Southern Ontario - 301 Fairview Drive, Brantford (“Cooper Towers”) and 11 Derby Lane, Sarnia (“Derby Lane Apartments”) for $11.6M and $9.9M respectively.
Skyline Apartment REIT Purchases Additional Port Elgin, ON Property
On Thursday, February 15th, 2018, the Skyline Apartment REIT finalized a deal with RHH Rental Properties Ltd., a division of Reid’s Heritage Homes, to purchase 1045 Waterloo Street (“The Suites at Summerside”) for $11.6M.
Skyline Apartment REIT Enters Moncton, NB with 2-Property Purchase
On Tuesday December 19th, 2017, the Skyline Apartment REIT entered the city of Moncton, NB with the purchase of two properties. This purchase was the Apartment REIT's first in the province of New Brunswick.
Skyline Apartment REIT Purchases Additional Windsor, ON Property
On Tuesday December 12th, 2017, the Skyline Apartment REIT purchased a property at 3150 Donnelly Street, Windsor, ON. The property was purchased for $5.5M and has 87 suites. 3150 Donnelly Street is the Apartment REIT's 27th property in the City of Windsor - a large multi-property acquisition in 2014 made the Skyline Apartment REIT the largest landlord in the city.
Skyline Apartment REIT Purchases First Midland, ON Property
On Tuesday, November 28th, 2017, the Skyline Apartment REIT purchased its first property in the town of Midland, ON. The newly-developed property at 151 Marina Park Avenue was purchased for $15.3M, and is comprised of 55 apartment units.
Skyline Apartment REIT Completes Disposition of St. Catharines, ON Property
On November 22, the Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the disposition of a property at 221 Glenridge Avenue, St. Catharines, ON. The property, which comprised 138 suites, had a total sale price of $23.25M.
Skyline Apartment REIT Announces New Unit Price, Distribution per Unit
We are pleased to announce an increase in the value of Skyline Apartment REIT's Unit Price from $14.75 to $15.00 per Unit, approved by the Skyline Apartment REIT Board of Trustees and effective November 7th, 2017.
Skyline Apartment REIT Completes Sale of Hamilton, ON Properties
On Wednesday, September 6th, 2017, the Skyline Apartment REIT completed a disposition transaction of 9 properties (11 buildings, total of 1,036 apartment units) in Hamilton, Ontario and Dundas, Ontario to purchaser Q Management LP. The total price of the sale was $173M.
Skyline Apartment REIT Acquires Additional Property in Windsor, ON
On Monday, August 21st, 2017, the Skyline Apartment REIT purchased its 26th property in the city of Windsor, ON. The property at 3170 and 3190 Donnelly Street consists of two buildings. It was purchased for $5.5M and consists of 87 suites.
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