[Guelph, ON – July 15, 2021]
On July 15, 2021, Skyline Commercial REIT sold a property at 5 Cochran Drive, Ayr, Ontario. The property totals 44,527 square feet and was Skyline Commercial REIT’s only property in the community of Ayr.
With this property sale, Skyline Commercial REIT will be leaving the Ayr market.
“Skyline Commercial REIT’s management team identified 5 Cochran Drive as a non-core asset appropriate for disposition,” said Michael Mackenzie, President, Skyline Commercial REIT.
“The capital from this sale will be redirected toward new opportunities that align with our strategy of acquiring primarily newer product in the warehousing, distribution, and logistics sector. Skyline Commercial REIT will continue to refine the portfolio to hold an increased weighting in this sector, and thus create value for investors by aiming to provide stable and growing cash distributions.”
About Skyline Industrial REIT
Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing, distribution, and logistics-centred properties along major highway corridors and transportation routes in Canada.
Skyline Industrial REIT is distributed as an alternative investment product through Skyline Wealth Management Inc. (“Skyline Wealth”), the preferred Exempt Market Dealer for the REIT.
Skyline Industrial REIT is committed to providing outstanding places to do business and superior service to its tenants, while surfacing value with a goal to deliver stable returns to its investors.
To learn more about Skyline Industrial REIT, please visit SkylineIndustrialREIT.ca.
To learn about additional alternative investment products offered through Skyline Wealth, please visit SkylineWealth.ca.
Skyline Industrial REIT is operated and managed by Skyline Group Of Companies.
For media inquiries, please contact:
Vice President, Corporate Marketing & Communications, Skyline Group of Companies
5 Douglas Street, Suite 301
Guelph, ON N1H 2S8