[Guelph, ON – July 31, 2019]
On July 15th, 2019, Skyline Commercial REIT completed a disposition transaction of one property in Newmarket, ON, to Mamba Gorham Inc. for $10.45M. The office building at 1091 Gorham Street consists of 59,147 square feet of office space with mixed retail tenants on the ground level.
The property had been acquired in November 2012 and was owned and managed by Skyline until the time of disposition.
The capital from the sale of 1091 Gorham Street will be re-deployed by Skyline Commercial REIT toward other accretive acquisitions in strong secondary and tertiary real estate markets that meet the standards and growth potential of Skyline Commercial REIT.
Post-acquisition, Skyline Commercial REIT has 86 properties in 36 cities across ON, QC, SK, MB, and AB, with over 6 million square feet of commercial space.
About Skyline Commercial REIT
Skyline Commercial REIT is one of five private investment products under Skyline Group of Companies, a national real estate investment, and property management organization. Skyline Commercial REIT is committed to providing the best in class commercial spaces to its tenants with the focus on delivering stable returns to its investors.
Skyline Group of Companies currently manages approximately $4 billion in multi-residential and commercial real estate combined and has almost 1,000 employees across the country.
To learn more about Skyline Commercial REIT, please visit www.skylinecommercialreit.ca.
To learn about additional alternative investment products offered through Skyline Wealth, please visit www.skylinewealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group of Companies.
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Guelph, ON N1H 2S8