Skyline Retail REIT has recently made its first two acquisitions since the portfolio launched in late 2013.
On Thursday, February 6th, 2014, Skyline Retail REIT acquired 51, 55 & 57 King William Street in Huntsville, ON. The property had a $6.9 million purchase price and boasts almost 16,000 square feet of retail space. This property is Skyline Retail REIT’s second purchase in Huntsville.
On Monday, February 10th, 2014, the REIT acquired 808-828 Dufferin Avenue in Wallaceburg, ON. The property had a $2.6 million purchase price and over 17,000 square feet of retail space. Wallaceburg is a new community for the Retail REIT.
Skyline Retail REIT now comprises 21 properties in 14 Ontario communities, with over 478,000 square feet of retail 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 preferred 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 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