Skyline Retail REIT Acquires 2 New Properties; Enters New Community of Wallaceburg, ON

Posted On February 11, 2014

51, 55 & 57 King William Street, Huntsville, ON
808-828 Dufferin Avenue, Wallaceburg, ON

The new Skyline Retail REIT has recently made its first two acquisitions since the portfolio launched in late 2013.

On Thursday, February 6th the Skyline Retail REIT acquired 51, 55 & 57 King William Street in Huntsville, ON. The property had a $6.9 million purchase price and boasts almost 16,000 square feet of commercial space. This property is the Retail REIT's second in Huntsville.

On Monday, February 10th, the REIT acquired 808-828 Dufferin Avenue in Wallaceburg, ON. The property had a $2.6 million purchase price and over 17,000 square feet of commercial space. Wallaceburg is a new community for the Retail REIT, which is now in a total of 14 Ontario communities.

Skyline Retail REIT now comprises 21 properties in 14 Ontario communities, with over 478,000 square feet of commercial space.

Investors (or prospective investors) residing outside the provinces of Ontario and Quebec are now available to invest in the Skyline Retail REIT under NEW exemptions - please contact Skyline's investor relations department to see if you qualify!