Skyline Retail REIT Enters Gravenhurst, ON with Portfolio Acquisition

February 20, 2019 - Property Acquisitions

On February 20, 2019, the Skyline Retail REIT, a privately-owned and managed portfolio of retail properties across Canada, announced the acquisition of two properties in the town of Gravenhurst, ON, with a total purchase price of $30M. The portfolio was acquired from RioCan Real Estate Investment Trust.

The two properties are located at 351-431 Talisman Drive, and 155 & 225 Edward Street in Gravenhurst. Together, the properties comprise 149,548 square feet of retail space. Notable anchor tenants include Canadian Tire, Sobeys, LCBO, and Dollarama.

The two-property portfolio is the Skyline Retail REIT’s first purchase in the town of Gravenhurst.

Introduced in 2013, the Skyline Retail REIT is fully managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisition, management, and investment firm.

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 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
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243


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Disclaimer

The information provided on this website is for general information purposes only and is derived from sources that Skyline Retail REIT believes are reliable. This website does not constitute an offer of, or solicitation for, the purchase and sale of any securities under any circumstances. Please read the confidential offering documents before investing, as they contain important information on fees and risk factor. Nothing herein should be construed as investment, legal, tax, regulatory or accounting advice.