Skyline Apartment Real Estate Trust has committed more than $136 million to Windsor with the purchase of 23 rental properties, an opportunity provided by an improving economy.
CEO Jason Castellan told the Windsor Star: “Having that skilled workforce, the new bridge, sharing a border with the United States, whose economy is starting to gain momentum, and having the dollar in our favour, I just think Windsor is ripe for an opportunity here.”
The deal is one of the largest for the region and includes 1,685 rental units which will make Skyline the city’s largest landlord.
Steve Randall has more than three decades of media experience encompassing online, newspapers, magazines, radio, and podcasts. He focuses on insights and news for professionals in finance, real estate, and legal services. Steve writes for multiple Key Media titles in Canada, United States, Australia, and New Zealand.
