Commercial REIT has grown to over $1B in Assets
Skyline Commercial REIT recently finalized a substantial acquisition in Calgary, AB. The property is a single-tenant industrial distribution centre on over 23 acres of prime real estate. Investors that have been following the commercial warehousing and logistics asset class will appreciate the additional square footage of this newly built acquisition, as well as the pedigree of the tenant.
Logistical warehousing spaces continue to see significant demand amid strong reliance on e-commerce and pressure on ensuring distribution channels have adequate “last mile” storage space. We’ve continually been seeing strong demand for purpose-built distribution facilities such as this.
Light industrial vacancy rates are at nearly all-time lows across Canada; this bodes well for investors seeking a growing asset class with rising rents and valuations on the underlying real estate class itself.
Skyline Commercial REIT currently has almost 74%1 of its total square footage comprised of tenants within the warehousing & distribution sector. This weighting anchors the REIT’s long-term strategy to a strong and growing commercial real estate asset class.
Skyline Commercial REIT has grown to over $1B in assets under management2 in a relatively short period of time, which can be attributed to the culmination of strategic purchases as well as the increase in value of the underlying assets themselves. This is what our Skyline Commercial REIT investors have come to appreciate, along with the REIT’s historically strong and stable yield.
Ray Punn
Vice President, Wealth Solutions
Skyline Wealth Management
Ray Punn is an experienced leader in management across the public and private sectors, including the Financial, Automotive, and Private Equity industries. As Vice President of Skyline Wealth Management, he leads a comprehensive team of Advisors, and oversees business operations, marketing, investment management, and investor relations. With a deep understanding of how each component of wealth management contributes to an exceptional investor experience, Ray and his teams focus on building long-term partnerships with Skyline Wealth Management’s valued investors.
Read the original article on RENX covering Skyline Commercial REIT’s acquisition in Calgary, AB: www.renx.ca
1 This number includes Data Centers and Cold Storages.
2 Unaudited figure. As at June 1st, 2021.
About Skyline Wealth Management
Skyline Wealth Management Inc. (“Skyline Wealth Management”) is a boutique investment firm offering a shelf of privately owned and managed alternative investment products, specialized in the real estate and clean energy industries.
Skyline Wealth Management is the exclusive Exempt Market Dealer of four alternative investment products: Skyline Apartment REIT, Skyline Industrial REIT, Skyline Retail REIT, and Skyline Clean Energy Fund.
Providing its services to more than 4,300 investors, Skyline Wealth Management is committed to offering institutional-quality investment products for the “everyday investor”—and with impeccable client service.
To learn more about Skyline Wealth Management and its private investment product offerings, please visit SkylineWealth.ca.
Skyline Wealth Management is part of Skyline Group Of Companies.
About Skyline Industrial REIT
Skyline Commercial REIT (the “REIT”) is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Commercial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the exclusive Exempt Market Dealer for the REIT.
Skyline Commercial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Industrial REIT, please visit SkylineIndustrialreit.ca.
To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group Of Companies.
For media inquiries, please contact:
Bethany CurtisManager, Content Marketing and Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231
The contents of this article are for high-level, contextual purposes, and are not meant to replace advice from your accountant or any other tax advisor. We strongly suggest that an accountant or tax professional should be consulted prior to making an investment and should be used on an ongoing basis once an investment is made.