Exterior of an apartment property at 49 Queen Street East in Cambridge, Ontario.

Skyline Apartment REIT Adds to Cambridge, Ontario Portfolio

On November 16, 2023, Skyline Apartment REIT purchased a property at 49 Queen Street East (Riverview) in Cambridge, Ontario.

The property comprises one 11-storey building with 153 residential units in total. It also includes 1,698 square feet of commercial space on the ground floor.

With this purchase, Skyline Apartment REIT now owns seven properties with 479 units in the city of Cambridge.

“Skyline Apartment REIT is proud to offer additional living spaces to Cambridge residents with the purchase of 49 Queen Street East in the historic Hespeler Village neighbourhood of Cambridge,” said Matthew Organ, President, Skyline Apartment REIT.

“We’re thrilled to be expanding our presence here while providing high-quality rental suites with sought-after features and amenities.”

Located on the Speed River, Riverview offers upscale condo-style units with high-end finishes, and amenities including a rooftop terrace, fitness room, and social room.

Post-acquisition, Skyline Apartment REIT comprises 243 properties in 59 communities in seven provinces across Canada, with a total of 22,052 residential units.

About Skyline Apartment REIT

Skyline Apartment REIT (the “REIT”) is a privately owned and managed portfolio of primarily multi-residential properties, focused on acquiring both established and newly developed properties in secondary and tertiary communities across Canada.

Skyline Apartment REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2006).

Skyline Apartment REIT is committed to providing best in class apartment suites and service to its residential tenants, while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Apartment REIT, please visit SkylineApartmentREIT.ca.

To learn about additional alternative investment products offered through Skyline Wealth Management, please visit SkylineWealth.ca.

Skyline Apartment REIT is operated and managed by Skyline Group of Companies.

For media inquiries, please contact:

Bethany Curtis
Manager, Content Marketing and Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
519.826.0439 x231

Disclaimer

Press releases are disseminated by Skyline Wealth Management Inc. (“Skyline Wealth Management”) on behalf of the Issuer as at the date of publication. Skyline Wealth Management does not undertake to advise the reader of any changes. Skyline Wealth Management has not taken any steps to verify accuracy. Commissions, trailing commissions, management fees and expenses all may be associated with investments in exempt market products. Please read the confidential offering documents before investing. Some of the investment products offered by Skyline Wealth Management are from related issuers. A full list of issuers related to Skyline Wealth Management and details of the relationship between them is available upon request.