{"id":838859,"date":"2026-07-31T20:06:09","date_gmt":"2026-07-31T20:06:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/838859\/"},"modified":"2026-07-31T20:06:09","modified_gmt":"2026-07-31T20:06:09","slug":"skyline-living-sells-all-12-of-its-sault-buildings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/838859\/","title":{"rendered":"Skyline Living sells all 12 of its Sault buildings"},"content":{"rendered":"<p>Skyline Living has officially moved out of town.<\/p>\n<p>Skyline Apartment REIT\u00a0announced that it has completed a \u201ctwo-phase strategic disposition\u201d of its Sault Ste. Marie properties, according to a <a href=\"https:\/\/www.skylinewealthmanagement.ca\/skyline-news\/skyline-apartment-reit-sells-sault-ste-marie-on-portfolio\/\" target=\"_blank\" rel=\"nofollow noopener\">news release<\/a> issued by the company last week.\u00a0<\/p>\n<p>The sale of five local apartment complexes \u2014 totalling a dozen properties and 714 rental units \u2014 was finalized over the past month.<\/p>\n<p>\u201cThe sale of our Sault Ste. Marie portfolio is part of our ongoing work to strengthen and modernize the REIT by focusing on markets that align with our long-term growth objectives,\u201d Skyline Apartment REIT president Matthew Organ said in the release.<\/p>\n<p>The following apartment buildings are now under new ownership:<\/p>\n<p>&#13;<br \/>\n\t352 Dacey Road (Village Green)&#13;<br \/>\n\t365 and 379 Lake Street (Lake Street Apartments)&#13;<br \/>\n\t122, 130 and 142 Allard Street (Ruscio Villa)&#13;<br \/>\n\t23, 26 and 27 Terry Fox Place (Terry Fox Place)&#13;<br \/>\n\t621, 627 and 631 MacDonald Avenue (Heritage Place)&#13;<\/p>\n<p>A letter obtained by SooToday reveals that Terry Fox Place is now <a href=\"https:\/\/www.vmcdn.ca\/files\/sootoday\/files\/news-files\/skylinelivingsale.pdf\" target=\"_blank\" rel=\"nofollow noopener\">owned by Les Immeubles Jardins Radisson Inc. and managed by Gestion Zagaro<\/a>.<\/p>\n<p>The new owner of the east-end apartment complex is linked to Black Ridge, a Quebec-based real estate company that specializes in the acquisition and management of properties in markets throughout Canada, including Montreal, Quebec City, Ottawa and Gatineau.<\/p>\n<p>One of the tenants at Terry Fox Place says the transition to new ownership over the past week hasn\u2019t exactly been\u00a0a smooth one.<\/p>\n<p>\u201cI couldn&#8217;t imagine if my toilet stopped working because in that period we couldn&#8217;t get a hold of our current residential building managers . . .\u00a0their cell phones were shut off,\u201d said Talon Beharriell, who has been living there with his spouse for about three years.<\/p>\n<p>Beharriell says\u00a0one of the building managers at Terry Fox Place is now employed by Gestion Zagora, which has been hired to assume property management duties.<\/p>\n<p>\u201cShe actually lives in our building, and she&#8217;s decided to stay \u2014 she&#8217;s tackling this head on,\u201d he said. \u201cSo, it was really reassuring.\u201d<\/p>\n<p>Skyline Apartment REIT now owns 224 properties in 48 communities across Canada, totalling\u00a019,566 residential suites, following the sale of its\u00a0Sault properties.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Skyline Living has officially moved out of town. Skyline Apartment REIT\u00a0announced that it has completed a \u201ctwo-phase strategic&hellip;\n","protected":false},"author":2,"featured_media":838860,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,292317],"class_list":["post-838859","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-saultproperty-salesskyline-living"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/838859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=838859"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/838859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/838860"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=838859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=838859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=838859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}