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, Ontario, 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, Ontario-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 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:
Cindy BeverlyVice President, Marketing & Communications
Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, Ontario N1H 2S8
cbeverly@skylinegrp.ca
