On Wednesday, February 3rd, 2016, the Skyline Retail REIT acquired two new properties in two new Ontario communities.
315 Arthur Street South, Elmira, ON was purchased for $10.9M and has 51,472 square feet of commercial space. Its tenants include Foodland, Harveys/Swiss Chalet, Pita Pit, Pet Valu and Dollarama.
71 Main Street South, Bayfield, ON was purchased for $5.5M and has 20,008 square feet of commercial space, with Foodland and LCBO as anchor tenants.
Skyline Retail REIT currently comprises 50 properties in 36 communities across Ontario, with over 80 individual tenants and 1,513,221 square feet of retail 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 Management”), 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 about additional alternative investment products offered through Skyline Wealth Management, 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