In late August, Skyline Commercial REIT? completed two disposition transactions of Ottawa, ON, area office buildings. The total disposition was for 50,817 square feet at a combined sale price of $8.7M. 2525 St. Laurent Boulevard in Ottawa, ON, was sold on August 21, 2019. 2781 Lancaster Road in Ottawa, ON, Sold on August 27, 2019.
The capital from these sales will be re-deployed by Skyline Commercial REIT toward other accretive acquisitions in established markets along major transportation arteries that meet the standards and growth potential of Skyline Commercial REIT.
Post-acquisition, Skyline Commercial REIT has 84 properties in 34 communities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.
About Skyline Commercial REIT
Skyline Commercial REIT is one of five private investment products under Skyline Group of Companies, a national real estate investment, and property management organization. Skyline Commercial REIT is committed to providing the best in class commercial spaces to its tenants with the focus on delivering stable returns to its investors.
Skyline Group of Companies currently manages approximately $4.5 billion in assets and provide over 2,600 investor households with exceptional investment opportunities in these privately-held products.
To learn more about Skyline Group of Companies and Skyline Commercial REIT, please visit www.skylinecommercialreit.ca.
For media inquiries, please contact:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x602