Guelph, ON – July 30th, 2012 – Skyline Commercial REIT based out of Guelph (Ontario) recently launched a new confidential offering to raise over $100 million for an upcoming commercial portfolio acquisition in the GTA and Ottawa regions. This new offering will close in two parts; in September/October 2012 and in March/April 2013 respectively. Combined, the overall portfolio acquisition (phase one and two) will add over 2.35 million square feet of commercial space, nearly 400 new tenants and bring Skyline Commercial REIT into 9 new communities across Ontario.
This total portfolio will also complement the existing properties within the Skyline Commercial REIT and will greatly expand its overall demographic and geographic diversification. The asset mix will be primarily comprised of light industrial and office buildings with a small complement of retail space. As a result of this acquisition; the Skyline Commercial REIT will be a well-diversified multi-tenant commercial portfolio made up of nearly 2.6 million square feet of commercial space across key markets in Ontario.
Skyline Commercial REIT is a unique alternative Canadian real estate investment that is privately-owned and managed. From the same management team that launched and continues to own and manage the highly successful Skyline Apartment REIT in 2006 (one of the largest owners and managers of multi-residential property in Canada), the Skyline Commercial REIT will be managed and operated with the same principles and philosophies that are intrinsic to the success of the Skyline brand. With nearly 10 years of proven experience and currently managing $120million worth of commercial property within the Skyline Apartment REIT and distributing consistent monthly cash distributions to investors, Skyline and its group of companies, will be capitalizing on their expertise, resources and current opportunities in the market to strengthen and fuel the Skyline Commercial REIT.
Some highlights of the Skyline Commercial REIT investment opportunity include:
To obtain a copy of Skyline Commercial REIT's current Confidential Offering Memorandum, please contact Skyline Wealth Management Inc.'s Investor Relations team at 1.888.977.REIT(7348) or via email.
NOTE: This investment is available to Accredited Investors only or to those who are otherwise exempt. Past performance is not an indicator of future performance.
Skyline Group of Companies is a real estate investment, development and property management group 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 REITs, Skyline Asset Management Inc. (SAMI) the Asset Manager for the REITs and Skyline Wealth Management Inc. (SWMI) the Wealth Manager and principal Exempt Market Dealer (EMD) for the REITs. Each of the entities is owned under the Skyline Group umbrella and exists to service Skyline Apartment REIT and Skyline Commerical REIT, also comprised within the Skyline Group of Companies. The Skyline Group of Companies’ objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.
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