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News, Skyline Apartment REIT

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.

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Skyline Apartment REIT Purchases Additional Port Elgin, Ontario 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.

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Skyline Apartment REIT Enters Moncton, New Brunswick with 2-Property Purchase

On Tuesday December 19th, 2017, the Skyline Apartment REIT entered the city of Moncton, New Brunswick with the purchase of two properties. This purchase was the Apartment REIT's first in the province of New Brunswick.

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Skyline Apartment REIT Purchases Additional Windsor, Ontario Property

On Tuesday December 12th, 2017, the Skyline Apartment REIT purchased a property at 3150 Donnelly Street, Windsor, Ontario. 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.

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Skyline Apartment REIT Purchases First Midland, Ontario Property

On Tuesday, November 28th, 2017, the Skyline Apartment REIT purchased its first property in the town of Midland, Ontario. The newly-developed property at 151 Marina Park Avenue was purchased for $15.3M, and is comprised of 55 apartment units.

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Skyline Apartment REIT Completes Disposition of St. Catharines, Ontario 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, Ontario. The property, which comprised 138 suites, had a total sale price of $23.25M.

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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.

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Skyline Apartment REIT Completes Sale of Hamilton, Ontario 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.

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Skyline Apartment REIT Acquires Additional Property in Windsor, Ontario

On Monday, August 21st, 2017, the Skyline Apartment REIT purchased its 26th property in the city of Windsor, Ontario. 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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Skyline Apartment REIT Purchases 7th Brantford, Ontario Property

On Friday, May 12th, 2017, the Skyline Apartment REIT purchased its 7th building in the city of Brantford, Ontario. The property at 335 Dunsdon Street was purchased for $33.4M and has 151 suites, bringing Skyline Apartment REIT's total suite count in Brantford to 801.

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Skyline Apartment REIT Acquires Second Property in Tillsonburg, Ontario

On April 28th, 2017, the Skyline Apartment REIT acquired its second property in the town of Tillsonburg, Ontario. The property at 148 Concession Street East was purchased for $4.1M, and has 47 units, bringing Skyline Apartment REIT's total unit count in Tillsonburg to 146.

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Skyline Apartment REIT Acquires Additional Fergus, Ontario Property

On April 27, 2017, the Skyline Apartment REIT purchased its third property in the town of Fergus, Ontario. The property at 250 Queen Street East was purchased for $8.1M and has a total of 67 units, bringing Skyline Apartment REIT's total unit count in Fergus to 292.

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