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Skyline is a real estate investment, development and property management company based in Guelph, Ontario. The Skyline Group of companies is made up of three (3) primary entities: Skyline Management Inc. (SMI) the Property Manager for the REIT, Skyline Acquisitions & Asset Management Inc. (SAAMI) the Acquisitions and Asset Manager for the REIT and Skyline Wealth Management Inc. (SWMI) the Wealth Manager for the REIT. Each of the entities is owned by Skyline and exists to service Skyline Apartment REIT. Skyline Apartment REIT is made up of 103 properties in 39 communities across four Canadian provinces. With a current portfolio valued at approximately $683-million, Skyline Apartment REIT is currently ranked as the 10th largest owner and manager of multi-residential properties in Canada (as ranked by Canadian Apartment Magazine, May 2011 issue).
Skyline’s top priorities are to create a superior investment opportunity for the REIT’s investors and to provide accommodations of choice for its valued tenants.
Skyline Apartment REIT is proud to own and operate 10 properties and provide housing for nearly 400 families in the city of Guelph alone. Skyline is a company whose roots are set in and whose success is built upon strong communities, especially in their hometown of Guelph.
The Skyline culture empowers all levels of its team to become involved in supporting and building vibrant communities. By working as a team and truly believing in the power of giving back, Skyline believes that they are able to fulfill and address the needs of their fellow neighbours. For Skyline, it is ultimately through sincere actions and true corporate responsibility that they, can make a difference in the lives of their tenants, staff and the many people in their communities.
Skyline’s primary business is apartment real estate. Below are the entities that make up the Skyline Group of Companies.
Skyline is comprised of three distinct divisions:
1. Skyline Acquisitions & Asset Management Inc (SAAMI)
2. Skyline Management Incorporated (SMI)
3. Skyline Wealth Management Inc. (SWMI)
As previously mentioned, all divisions are highly integrated and work closely to provide valuable services to the Skyline Apartment REIT in order to build, manage and strengthen Skyline’s holdings, investor base and resident community.
The Skyline team prides itself on its continuous ability to achieve its objective of owning and managing viable, reputable and accretive commercial and multi-residential real estate. The management team also believes and promotes the vital importance of teamwork, and leverages the extensive experience of its team to exceed both investor and tenant expectations.
Skyline’s History - Timeline
1991-1999Skyline (before it was formally named) began in 1991 when brothers Martin Castellan and Jason Castellan, along with their friend Jason (Roy) Ashdown, formed a business partnership. They bought and managed rental houses in Guelph (Ontario) while attending university. Under a syndication model where by each building is owned by a unique group of investors, their real estate holdings grew to an impressive 52 houses and apartments by 1999.
1999- 2006In 1999, the three partners decided to officially name and incorporate their company, and so Skyline Inc. was born. The real estate holdings were then managed as 16 individual corporations under the syndication model. Over six short years, the portfolio continued to grow to over $83.9 million in real estate. By mid 2005, the owners, along with their new CFO, Wayne Byrd, decided that it would be more efficient to run the company as a REIT and thus went through the necessary legal process and amalgamated the holdings into a formal Real Estate Investment Trust.
2006-PresentSkyline Apartment REIT was created in June of 2006. Since that time, the REIT’s portfolio has grown to approximately $683 million in real estate holdings and now spans across four Canadian provinces. |
Core Purpose, Vision, Mission and Values
Core PurposeWe exist to surface value in Real Estate. |
VisionTo be the very best at pursuing steady, calculated Real Estate growth grounded in fundamentally sound properties, to create a superior opportunity for long term investors and accommodations of choice. |
MissionIdentify opportunities and surface value. |
ValuesWe are practical, driven, efficient, reliable, and respectful. We act with integrity and have pride in ownership. |
