1085 Goldstream Avenue, Langford, BC

Skyline Apartment REIT Sells Property in Langford, British Columbia

On March 1, 2022, Skyline Apartment REIT sold a property at 1085 Goldstream Avenue (The Star on Goldstream) in Langford, BC.

The property totals 166 residential units. The sale price for the property was $66.3M.

The property was originally purchased by Skyline Apartment REIT in 2020.

“1085 Goldstream Avenue in Langford was identified in 2021 as appropriate for a strategic disposition,” said Matthew Organ, President, Skyline Apartment REIT.

“We are proud to continue our presence in Langford with 728 Meaford Avenue (Meaford Heights), which is providing 106 units for Langford residents. We will continue to evaluate the Skyline Apartment REIT portfolio and identify any non-core assets, where strategic dispositions can surface further value for our investors.”

Post-disposition, Skyline Apartment REIT comprises 233 properties in 59 communities in seven provinces across Canada, with a total of 20,973 suites.

Press releases are disseminated by Skyline Wealth Management Inc. (“Skyline Wealth Management”) on behalf of the Issuer as at the date of publication. Skyline Wealth Management does not undertake to advise the reader of any changes. Skyline Wealth Management has not taken any steps to verify accuracy. Commissions, trailing commissions, management fees and expenses all may be associated with investments in exempt market products. Please read the confidential offering documents before investing. Some of the investment products offered by Skyline Wealth Management are from related issuers. A full list of issuers related to Skyline Wealth Management and details of the relationship between them is available upon request.