[Guelph, ON – June 25, 2019]
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. The acquisition is a mid-rise apartment building consisting of 124 units and is the REIT’s first acquisition in Halifax, NS.
“With our recent acquisition in Dartmouth, we have seen great growth potential in the Nova Scotia market,” commented Matthew Organ, President of Skyline Apartment REIT. “The introduction into Halifax is an exciting opportunity for the REIT, and we look forward to growing Skyline’s presence within the community.”
Located in Halifax’s West End at 3330 Barnstead Lane, this professionally managed building features many high-end amenities and close to multiple shopping centres and transit lines. As part of the Skyline Living community, the Resident Manager of this portfolio will plan regular social events and charitable activities to help the tenants of the building be active members of the Halifax community.
Introduced in 2006, Skyline Apartment REIT is fully-managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisitions, management, and investment firm.
Post-acquisition, the Skyline Apartment REIT comprises of 200 properties in 56 communities across 8 provinces – ON, SK, NB, QC, AB, BC, NS, MB – with 17,542 units and 655,178 square feet of commercial space.
Press releases are disseminated by Skyline Wealth Management Inc. (“SWMI”) on behalf of the Issuer as at the date of publication and SWMI does not undertake to advise the reader of any changes. SWMI has not taken any steps to verify accuracy.