Skyline Industrial REIT Sells Property in Cambridge, Ontario

[Guelph, Ontario – September 12, 2024]

On September 12, 2024, Skyline Industrial REIT sold a non-core asset located at 549 Conestoga Boulevard in Cambridge, Ontario, further refining its industrial portfolio to enhance investor value.

The property comprises 96,495 square feet of industrial space and is currently occupied by Innovative Steam Technologies Inc.

“We were approached by the tenant to acquire the property given that their current under market lease was expiring in 2025. We were able to achieve the full value of the asset, based on potential market value, and maximize unitholder value,”” said Mike Bonneveld, President, Skyline Industrial REIT.

“We continue to see consistent demand for purpose-built warehousing and logistics spaces across Canada, and we look forward to further expanding and enhancing the portfolio with state-of-the-art industrial assets.”

Funds surfaced from the sale of this asset will be used to further reduce the line of credit and for general corporate purposes to ensure maximum value for Skyline Industrial REIT investors.

Skyline Industrial REIT’s current annualized return since inception (2012) is 14.93%. To learn more about the REIT’s performance, and to contact a Skyline representative to invest, visit SkylineWealthManagement.ca.

Post-disposition, Skyline Industrial REIT is now 85.1% weighted in warehousing, distribution, and logistics focused assets and comprises 51 properties in 5 provinces across Canada, with a total of 10,036,322 square feet of industrial space.

About Skyline Industrial REIT

Skyline Industrial REIT (the “REIT”) is a privately owned and managed portfolio of industrial properties, focused on acquiring warehousing 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 Management”), the preferred Exempt Market Dealer for the REIT. It is also available on Fundserv (Code: SKY2012).

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 Management, please visit SkylineWealthManagement.ca.

Skyline Industrial REIT is operated and managed by Skyline Group of Companies.

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