[Skip to Content]

Skyline Apartment REIT Acquires Fourth Property of 2012

Posted On July 3, 2012

16 Helen Street, Dundas
16 Helen Street, Dundas, ON

On the heels of three recent acquisitions in the second quarter of 2012, Skyline Apartment REIT acquired its 105th property in the lovely town of Dundas (Ontario) located just north of Hamilton.  This 102-unit building is located at 16 Helen Street in an affluent section of the city, nestled between single family homes in a safe and coveted neighbourhood.  The building also backs on to Dundas Park and is just minutes from McMaster University.

Although this new acquisition expanded the Skyline Apartment REIT portfolio into its 40th community, its proximity to Hamilton will allow it to benefit from efficiencies and capitalize on economies of scale with the other portfolio properties in that area.  The purchase price of this new property was approximately $8.8 million. 

 As of the end of the second quarter of 2012, Skyline Apartment REIT is now made up of 7,760 apartment units and over 700,000 square feet of commercial space...and growing!   

 To learn more about investment opportunities within Skyline Apartment REIT, please contact the Skyline Wealth Management Inc. Investor Relations team directly at 1.888.977.REIT(7348) or by email at invest@skylineonline.ca.  This investment is available to Accredit Investors only or to those who are otherwise exempt.  Past performance is not an indicator of future performance.


Similar News Items

Moncton NB

Skyline Apartment REIT Enters Moncton, NB with 2-Property Purchase

Posted On December 20, 2017

Skyline Apartment REIT now has assets in 7 provinces across Canada

Read the full post

3150 Donnelly St Windsor ON

Skyline Apartment REIT Purchases Additional Windsor, ON Property

Posted On December 12, 2017

3150 Donnelly Street is the Apartment REIT's 27th property in Windsor

Read the full post

151 Marina Park Avenue Midland ON

Skyline Apartment REIT Purchases First Midland, ON Property

Posted On November 29, 2017

151 Marina Park Avenue is Skyline Apartment REIT's first property in Midland, ON

Read the full post