Skyline Apartment REIT Completes Sale of Ridgetown, ON Properties - Skyline Wealth

Skyline Apartment REIT Completes Sale of Ridgetown, ON Properties

[Guelph, ON – October 15, 2019]

On October 11, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced the sale of three properties in Ridgetown, ON:

 

  • 10 James Lane, Ridgetown, ON
  • 16 Marsh Street, Ridgetown, ON
  • 45 Victoria Avenue, Ridgetown, ON

 

The properties are comprised of three buildings with 109 suites. The total sale price was $10.37 million.

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-disposition, the Skyline Apartment REIT comprises 203 properties in 56 communities across 8 provinces – ON, SK, NB, QC, AB, BC, NS, MB – with 17,871 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.