[Guelph, ON – August 22, 2019]
On August 22, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the acquisition of Clair Oak Apartments, a multi-residential property in Sarnia, ON, for $7.8 million. The acquisition is a mid-rise apartment building consisting of 62 units and is the REIT’s 14th acquisition in Sarnia, ON.
“Over the years, Skyline has received a warm response from the Sarnia community,” commented Matthew Organ, President of Skyline Apartment REIT. “With the latest acquisition, we continue to grow in the city and provide residents with the quality of service that we are known for.”
Located in Sarnia’s High Park area at 255 Capel St, this professionally managed building offers a mix of bright bachelor, 1- and 2-bedroom suites 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 Sarnia community.
Learn more about Clair Oak Apartments here.
Press releases are disseminated by Skyline Wealth Management Inc. ("Skyline Wealth") on behalf of the Issuer as at the date of publication and Skyline Wealth does not undertake to advise the reader of any changes. Skyline Wealth has not taken any steps to verify accuracy.