We are pleased to announce an increase in Unit Price for each of Skyline’s three REIT investment products!
Unit Price Increases Effective February 8th, 2017:
-The Skyline Apartment REIT announced an increase in the value of its Unit Price from $14.25 to $14.75 per Unit. The distribution per Unit remains at $1.00.
-The Skyline Commercial REIT? announced an increase in the value of its Unit Price from $10.50 to $10.75 per Unit. The distribution per Unit remains at $0.90.
Unit Price Increase Effective March 6th, 2017:
-The Skyline Retail REIT announced an increase in the value of its Unit Price from $11.50 to $12.50 per Unit, as well as an increase in the distribution per Unit, from $0.90 to $0.936.
Summary
These increases take into account not only the current market value of the portfolios, but the strong 2016 performances across the board for Skyline’s REIT portfolios, as well as positive forecasts for 2017. We’re proud to have been offering solid, stable investment products to our thousands of investors for nearly two decades, and we’re continuing to seek income-producing residential, commercial, and retail properties that provide maximum value to our clients – while also ensuring our residents and commercial tenants have great places to live and work.
How are the REIT Units evaluated?
The valuation process for the private Apartment REIT’s Unit Value began with an evaluation of the REIT’s portfolio of assets. Next, the value of the outstanding debt (mortgages) was subtracted—leaving the total equity of the REIT. Lastly, the total equity was divided by the number of outstanding Units (currently held by Unitholders). The new unit value is a direct reflection of the actual value of the real estate.