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Skyline Apartment REIT Acquires Country Portfolio

Posted On November 12, 2010

110 Oriole Parkway, Elmira

110 Oriole Parkway, Elmira, ON - one of many properties acquired in Skyline Apartment REIT's new country portfolio.

On October 25, 2010, Skyline completed the purchase of a $37.6 million multi-residential portfolio that is spread out across four communities in southwestern Ontario. 

"Eight years ago when this portfolio was up for sale I was very disappointed that we were not in a financial position to move on it.  Now, here we are less than a decade later with a second chance that we were not about to pass up; this is truly fantastic real estate that is extremely accretive to our portfolio and right in our sweet spot from an ownership and management perspective.  We are very excited about this significant addition to our portfolio and are proud of the growth that the REIT has experienced over the last year.  This is great news for our investors and for the REIT as a whole." said Jason Castellan, CEO & Co-Founder of Skyline.

 


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