Skyline Retail REIT Acquires Five Properties; Enters Three New Communities

On August 1st, 2014, Skyline Retail REIT purchased a portfolio of five retail properties across Ontario.

These properties added a variety of new national brand name tenants to the REIT, including Dairy Queen, Harveys and Starbucks. The REIT also entered three new communities: Port Elgin, St. Mary’s, and Alliston.

The acquisition included the following addresses:

  • 1199 Goderich Street, Port Elgin, ON
  • 84 Wellington Street South, St. Mary’s, ON
  • 95, 97, 109, 117 & 129 Young Street, Alliston, ON
  • Westside Market Village (at Riddell and Centennial Road), Orangeville, ON
  • Westside Business Centre (at Riddell and Centennial Road), Orangeville, ON

The total purchase price of the portfolio was $64.25 million, and the portfolio added an additional 271,851 square feet of commercial space to the Retail REIT.

Skyline Retail REIT currently comprises 28 properties in 18 Ontario communities, with 876,013 square feet of commercial space.

About Skyline Retail REIT

Skyline Retail REIT (the “REIT”) is a privately owned and managed portfolio of retail properties, focused on acquiring well-located properties with service-oriented, national brand tenants in secondary and tertiary communities across Canada.

Skyline Retail REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the exclusive Exempt Market Dealer for the REIT.

Skyline Retail REIT is committed to providing outstanding places to conduct business and services. It prioritises superior service to its retail tenants while surfacing value with a goal to deliver stable returns to its investors.

To learn more about Skyline Retail REIT, please visit SkylineRetailREIT.ca.

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

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

For media inquiries, please contact:

Jeff Stirling
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439 x 243