Skyline Industrial REIT Sells Windsor, Ontario property

Skyline Industrial REIT Sells Windsor, Ontario property

On August 18, 2022, Skyline Industrial REIT[1] sold a single-tenant office building located at 3600-3610 Rhodes Drive, Windsor, Ontario. The building totals 56,995 square feet of commercial space on 4.68 acres.

“Skyline Industrial REIT continues to successfully complete its non-core disposition program,” said Mike Bonneveld, President, Skyline Industrial REIT.

“The sale of 3600 Rhodes Drive in Windsor, one of only two remaining office properties in the portfolio, furthers the REIT’s focus on modern industrial and warehousing assets. The capital from this sale will be redeployed back into enhancing and elevating the portfolio further by acquiring and developing more modern industrial facilities. We believe this strategy will be incremental to unit value and in turn, add value to tenants and investors.”

Post-disposition, Skyline Industrial REIT comprises 53 properties in 32 communities in 5 provinces across Canada, with a total of 6,606,304 square feet of commercial space.

Skyline Industrial REIT was previously Skyline Commercial REIT. As a result of the REIT’s increasing focus on modern warehousing and logistics assets, the REIT updated its name to better reflect its portfolio composition and target sector, effective June 14, 2022).

About Skyline Industrial REIT

Skyline Industrial 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 Industrial 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 Industrial 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 Industrial REIT is operated and managed by Skyline Group of Companies.

 

For media inquiries, please contact:

Bethany Curtis
Manager, Content Marketing and Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231

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.