[Guelph, ON – August 2, 2019]
On August 1, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Oxford Haus Apartments, two multi-residential properties in Stratford, ON, for $31.55M. The acquisition consists of two mid-rise apartment buildings, totaling 118 units, and one shared amenity building. This acquisition is the REIT’s third acquisition in Stratford.
“Our recent acquisition follows the REIT’s core strategy of purchasing quality buildings in secondary and tertiary markets,” commented Matthew Organ, President of Skyline Apartment REIT. “Oxford Haus offers our award-winning quality of living to our tenants and a long-term stable income for our investors.”
Located in Stratford’s East End at 45, 65 & 85 Oxford Street, this professionally managed building features many high-end amenities and a shared amenity building – at 65 Oxford Street – with a full-sized kitchen, gym and social room. As part of the Skyline Living community, the Resident Manager of this property will plan regular social events and charitable activities to help the tenants of the buildings be active members of the Stratford community.
Learn more about Oxford Haus Apartments here.
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 203 properties in 56 communities across 8 provinces – ON, SK, NB, QC, AB, BC, NS, MB – with 17,731 units and 655,178 square feet of commercial space.
Press releases are disseminated by Skyline Wealth Management Inc. (“Skyline Wealth”) on behalf of the Issuer as at the date of publication. Skyline Wealth does not undertake to advise the reader of any changes. Skyline Wealth has not taken any steps to verify accuracy. Some of the investment products offered by Skyline Wealth are from related issuers. A full list of issuers related to Skyline Wealth and details of the relationship between them is available upon request.