[Guelph, Ontario – June 19, 2025]
On June 19, 2025, Skyline Apartment REIT sold a property at 65 Fort Street (Fort Street Townhomes) in Tilbury, Ontario, comprising 50 townhouse suites.
With this disposition, the REIT is exiting the Tilbury market.
“We identified Fort Street Townhomes as appropriate for a strategic disposition in early 2025, as part of our continued efforts to optimize the REIT’s portfolio by concentrating on key Canadian markets that align with our long-term vision,” said Matthew Organ, President, Skyline Apartment REIT.
“We’re thankful to the Tilbury community for its support throughout our 12 years of business in the area. As part of our commitment to our investors, we continue to evaluate the REIT portfolio and identify further opportunities for strategic transactions to unlock long-term value.”
Post-disposition, Skyline Apartment REIT comprises 231 properties in 51 communities in seven provinces across Canada, with a total of 20,727 residential suites.
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About Skyline
Skyline is a capital management company that acquires, develops, and manages real estate properties and renewable infrastructure assets, and offers them as private alternative investment products.
Skyline currently manages more than $9 billion* in assets across its real estate and renewable infrastructure platforms.
With approximately 1,000 employees across Canada, Skyline works to provide safe, clean, and comfortable places for tenants to call home, great places to do business, sustainable solutions for a greener future, and an engaging experience for its investors.
For more information about Skyline, please visit SkylineGroupOfCompanies.ca.
*As at March 31, 2025
For media inquiries, please contact:
Cindy BeverlyVice President, Marketing & Communications
Skyline
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
cbeverly@skylinegrp.ca