[Skip to Content]

Skyline Apartment REIT Enters Manitoba with Winnipeg Purchase

Posted On April 18, 2019

On April 17, 2019, Skyline Apartment REIT, a privately-owned and managed portfolio of multi-residential properties across Canada, announced their entrance into the Manitoba market with the acquisition of three newly developed multi-residential properties for $71.6M.

 

The acquisition consists of 5 mid-rise apartments; Addison Square located at 10, 11 & 20 El Tassi Drive (3 buildings; 195 suites) and Waterford Village located at 10 Highwater Path & 90 Waterford Green Common (2 buildings; 126 suites). This acquisition is the REIT’s first acquisition in Manitoba. 

 

“We are very excited to expand Skyline’s presence into Winnipeg,” commented Matthew Organ, President of Skyline Apartment REIT. “This acquisition introduces us to a new market and allows us to bring our model of quality homes with a community focus to the residents of Winnipeg, enabling us to have an impact on not only the tenants but the larger community as well.”

 

Located in Winnipeg’s north and east ends, these professionally managed buildings feature many high-end amenities, on-site fitness and community rooms and are minutes from shopping, parks and highway access. As part of the Skyline Living community, the Resident Managers of this portfolio will plan regular social events and charitable activities to help the tenants of the building be active members of the Winnipeg community.

 

Learn more about Addison Square here.

 

Learn more about Waterford Village here.

 

 

Introduced in 2006, Skyline Apartment REIT is fully-managed and operated by the Skyline Group of Companies, a Guelph, ON-based real estate acquisitions, management, and investment firm.

 

Post-acquisition, the Skyline Apartment REIT comprises of 201 properties in 56 communities across 8 provinces – ON, SK, NB, QC, AB, BC, NS, MB – with 17,610 units and 655,178 square feet of commercial space.

7


About Skyline Living

 

Skyline Living, based in Guelph, is a division of the Skyline Group of Companies, a national real estate investment, and property management organization. Skyline Living is committed to providing best in class apartments, environmental leadership, and community support. Our goal is to improve the lives of our residents, our employees, and the neighbourhoods in which they live.

 

To learn more about the Skyline Group of Companies and Skyline Living, please visit our website at www.skylineliving.ca.

 

For media inquiries, please contact:

Christian Mireault

Communications Coordinator, Skyline Group of Companies

 

5 Douglas Street, Suite 301

Guelph, ON N1H 2S8

519.826.0439 x 261

 

For rental inquiries, please visit:

www.SkylineLiving.ca


Similar News Items

Skyline Apartment REIT Enters Lake Country, BC

Posted On March 6, 2020

Lake Country Lofts is Skyline Apartment REIT’s first purchase in the district of Lake Country

Read the full post

Skyline Apartment REIT Enters Sudbury, ON with 4-Property Acquisition

Posted On December 19, 2019

Apartment REIT Now in 57 Communities Across Canada

Read the full post

Skyline Apartment REIT Acquires Second Property in Vernon, BC

Posted On December 3, 2019

Summitview Heights is Skyline Apartment REIT’s second luxury-apartment purchase in the city of Vernon.

Read the full post