On Thursday, December 10th, 2015, the Skyline Retail REIT entered its 34th community: the city of Sarnia, ON. The Retail REIT acquired a 21,802 square foot property at 1378-1386 Exmouth Street, with Best Buy and A&W serving as anchor tenants. The property was purchased for $5.52 million.
Post-acquisition, the Skyline Retail REIT comprises 48 properties in 34 communities across Ontario, with over 1.44 million 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