Skyline Launches New Skyline Commercial REIT!
May 12, 2012 - Press Release
We are thrilled to announce the official launch of Skyline Commercial REIT. With nearly 10 years of proven experience managing commercial properties and with over $104 million worth of commercial properties within the existing Skyline Apartment REIT portfolio, Skyline and its group of companies will be capitalizing on their expertise, resources and current opportunities in the market to build a new REIT under the Skyline brand.
Skyline Commercial REIT will be managed and operated with the same principles and philosophies that are intrinsic to the Skyline brand. Some highlights of Skyline Commercial REIT include;
• $10 initial unit price
•Targeted 9% annual distribution rate paid monthly
•Targeted 80- 90% payout ratio
• Focus on solid markets with strong tenant covenants
This new REIT will now provide investors with two Skyline products to choose from. We will also be able to specifically target acquisitions that are suitable for each unique REIT and continue to build upon Skyline’s solid track record. If you would like to learn more about Skyline Commercial REIT or how you can invest, please contact the Skyline Wealth Management Investor Relations Department directly at 1.800.800.7368 or click here to send an email.
About Skyline Commercial REIT
Skyline Commercial REIT is a privately owned and managed portfolio of commercial properties, focused on acquiring industrial and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Commercial REIT is offered as an alternative investment product through Skyline Wealth, the exclusive Exempt Market Dealer (EMD) for the REIT.
Skyline Commercial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value and delivering stable returns to its investors.
To learn about additional alternative investment products offered through Skyline Wealth, please visit skylinewealth.ca.
Skyline Commercial REIT is operated and managed by Skyline Group of Companies.
For media inquiries, please contact:
Director of Marketing, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8
(519) 826-0439(519) 826-0439 x 243