About Skyline

Skyline Apartment REIT is an open-ended Canadian Real Estate Investment Trust. Based in Guelph, Ontario with properties in over 33 communities across four provinces, its principal objective is to pursue steady, calculated growth, grounded in fundamentally sound properties. Further to this, Skyline’s primary goals are to create a superior investment opportunity for long term investors and to provide accommodations of choice for our valued tenants.

As one of Canada’s fastest growing multi-residential real estate entities, Skyline Apartment REIT is currently ranked as the 14th largest landlord in the country. With a current portfolio valued at over $500-million that is made up of 89 properties with an 80% multi-residential and 20% commercial mix, Skyline’s primary business is apartment real estate.

Skyline as whole is comprised of two distinct divisions (and or companies):

Skyline Asset Management Incorporated
Skyline Property Management Incorporated

Both divisions are highly integrated and work closely to build, manage and strengthen Skyline Apartment REIT’s holdings, investor base and tenant community.

The Skyline team prides itself on its continuous ability to achieve its objective of owning and managing viable, reputable and accretive commercial and multi-residential real estate. The management team also believes and promotes the vital importance of teamwork, and leverages the extensive experience of its team to exceed both investor and tenant expectations.

Skyline’s History - Timeline

1991-1999

Skyline (before it was formally named) began in 1991 when brothers Martin Castellan and Jason Castellan, along with their friend Jason (Roy) Ashdown, formed a business partnership. They bought and managed rental houses in Guelph (Ontario) while attending university. Under a syndication model where by each building is owned by a unique group of investors, their real estate holdings grew to an impressive 52 houses and apartments by 1999.

1999- 2006

In 1999, the three partners decided to officially name and incorporate their company, and so Skyline Inc. was born. The real estate holdings were then managed as 16 individual corporations under the syndication model. Over six short years, the portfolio continued to grow to over $83.9 million in real estate. By mid 2005, the owners, along with their new CFO, Wayne Byrd, decided that it would be more efficient to run the company as a REIT and thus went through the necessary legal process and amalgamated the holdings into a formal Real Estate Investment Trust.