Skyline Apartment REIT Sells Sault Ste. Marie, ON Portfolio

[Guelph, Ontario – July 21, 2026]

Skyline Apartment REIT has completed a two-phase strategic disposition of its Sault Ste. Marie, ON portfolio, totalling 714 suites.
On July 9, 2026, the REIT sold two properties in Sault Ste. Marie:

• 352 Dacey Road (Village Green), Sault Ste. Marie, ON
• 365 & 379 Lake Street (Lake Street Apartments), Sault Ste. Marie, ON

On July 21, 2026, the REIT sold its remaining three assets in the city:

• 122, 130 & 142 Allard Street (Ruscio Villa), Sault Ste. Marie, ON
• 23, 26 & 27 Terry Fox Place (Terry Fox Place), Sault Ste. Marie, ON
• 621, 627 & 631 MacDonald Avenue (Heritage Place), Sault Ste. Marie, ON

With this portfolio disposition, the REIT is exiting the city of Sault Ste. Marie. It maintains a presence in 48 communities across British Columbia, Manitoba, Ontario, Quebec, and Nova Scotia.

“The sale of our Sault Ste. Marie portfolio is part of our ongoing work to strengthen and modernize the REIT by focusing on markets that align with our long-term growth objectives,” said Matthew Organ, President, Skyline Apartment REIT.

“We have been proud to be part of the Sault Ste. Marie community since 2012, and we’re grateful to the city and our residents for their support over the past 14 years. As we exit this market, we continue to focus our portfolio on cities and communities that support efficient operations and position the REIT for continued growth and long-term value creation for investors.”

Those communities include Stratford, ON and Mascouche, QC, where the REIT expanded its presence in April 2026 with the purchase of properties totalling 150 suites and 164 suites, respectively.

Post-disposition, Skyline Apartment REIT comprises 224 properties in 48 communities in five provinces across Canada, with a total of 19,566 residential suites.

Skyline Apartment REIT is one of Canada’s leading private multi-residential real estate portfolios, aiming to provide steady returns and investment appreciation. Find out more about investing in Skyline Apartment REIT.
_____________________

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 $10 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.

*Includes all Skyline entities under common management and control. As at March 31, 2026.

For media inquiries, please contact: