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AS SEEN IN THE MARCH 2016 ISSUE OF THE CANADIAN BUSINESS JOURNAL
WWW.CBJ.CA
GEORGE MEDIANETWORK
SKYLINE GROUP OF COMPANIES
www.skylineonline.ca
CBJ
FINANCE » Skyline Group of Companies
The Skyline Group of Companies (“Skyline”) is one of Canada’s fastest-growing and most unique investment management organizations. Skyline manages three private Real Estate Investment Trusts (REITs), each specializing in a distinct real estate asset class: Apartment, Retail and Commercial.
SKYLINE IS ONE of Canada’s best entrepre-
neurial success stories. With unique and highly
marketable REIT products, as well as a strong
connection to the REITs through 100% in-house
property and asset management, Skyline off ers
a comprehensive business model with a team
that has an extensive knowledge of its products.
The company’s humble beginnings origi-
nated in the basement of a student rental
Skyline Executives on Green Roof
MARCH 2016 « The Canadian Business Journal
Cogeco has over 25 years of experience with fibre optic. Enjoy better services today, such as our advanced TiVo® service*, flexible TV packages and faster than ever Internet speeds.
Call a Cogeco Account Executive Today at 1-866-216-0045.
PROUD PARTNER OF SKYLINE GROUP OF COMPANIES
Internet | TV | Home Phone
*Available where technology permits. Certain conditions apply.
FINANCE » Skyline Group of Companies
The Skyline Group of Companies (“Skyline”) is one of Canada’s fastest-growing and most unique investment management organizations. Skyline manages three private Real Estate Investment Trusts (REITs), each specializing in a distinct real estate asset class: Apartment, Retail and Commercial.
SKYLINE IS ONE of Canada’s best entrepre-
neurial success stories. With unique and highly
marketable REIT products, as well as a strong
connection to the REITs through 100% in-house
property and asset management, Skyline off ers
a comprehensive business model with a team
that has an extensive knowledge of its products.
The company’s humble beginnings origi-
nated in the basement of a student rental
Skyline Executives on Green Roof
MARCH 2016 « The Canadian Business Journal
Cogeco has over 25 years of experience with fibre optic. Enjoy better services today, such as our advanced TiVo® service*, flexible TV packages and faster than ever Internet speeds.
Call a Cogeco Account Executive Today at 1-866-216-0045.
PROUD PARTNER OF SKYLINE GROUP OF COMPANIES
Internet | TV | Home Phone
*Available where technology permits. Certain conditions apply.
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
1
Skyline Executives on Green Roof at Skyline’s Head Office in Guelph, ON
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
Jason Castellan
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
2
FINANCE » Skyline Group of Companies
providing remarkable investment opportunities
for investors who are looking for an alternative
from the volatility of the public markets. Since
Skyline is not directly exposed to the fl uctuations
of the marketplace, its unit (share) value remains
strong and stable.
“Generally, we look at our unit price annually,
and we do our evaluations annually,” says Jason
Castellan, Co-Founder and Chief Executive
Offi cer of the Skyline Group of Companies. “For
investors, the fact that [our REITs] are private and
stable sets them apart.”
While real estate is where Skyline is rooted, it
is evolving to be a full-service wealth and prop-
erty management business operations company.
“We now have a national footprint across
Canada, and as we continue to broaden that
footprint, we are aware of possibilities beyond
Canadian borders in the future,” says Castellan.
“Additionally, we have recently enhanced our
capabilities in our wealth management divi-
sion, so that we can take care of our investors
with a more comprehensive wealth manage-
ment approach, while continuing to provide the
opportunity to access alternative products such
as our three REITS.”
Skyline Receives Award from Children’s Foundation for Donations Over 100K - October 2015
9MARCH 2016 « The Canadian Business Journal
Government Agencies Multi-Residential Public & Private Owners
Condominium Corporations Insurance companies - Hazmat - Emergency Response
multi-residential renovations and general contracting. HCS is owned and operate by Paul and Kenny Hogan. The Hogan brothers have grown up in the construction industry for the majority of their lives. Their combined 30 years of industry experience has
HCS Contracting is a family owned and operated business that has been in operation since 2009 specializing in project management,
provided the strong basis in which the company operates. HCS strives tobe a leader in the industry. This is accomplished by quality control of services performed, accurate and complete scopes of work, employee training and development, open communication, timely response to customer request and concerns, proven health and safety record and environmental awareness and policies.
HSC CONTRACTING INC.
Construction Services:
work, Wood & Metal Framing
Tiles, Sheet Vinyl, VCT & Laminate
Vestibules, Exercise Rooms, Elevators, Lobbys, Laundry Rooms.
KITCHENER OFFICE
Kitchener, Ontario N2C 1L4
BURLINGTON OFFICE
FINANCE » Skyline Group of Companies
providing remarkable investment opportunities
for investors who are looking for an alternative
from the volatility of the public markets. Since
Skyline is not directly exposed to the fl uctuations
of the marketplace, its unit (share) value remains
strong and stable.
“Generally, we look at our unit price annually,
and we do our evaluations annually,” says Jason
Castellan, Co-Founder and Chief Executive
Offi cer of the Skyline Group of Companies. “For
investors, the fact that [our REITs] are private and
stable sets them apart.”
While real estate is where Skyline is rooted, it
is evolving to be a full-service wealth and prop-
erty management business operations company.
“We now have a national footprint across
Canada, and as we continue to broaden that
footprint, we are aware of possibilities beyond
Canadian borders in the future,” says Castellan.
“Additionally, we have recently enhanced our
capabilities in our wealth management divi-
sion, so that we can take care of our investors
with a more comprehensive wealth manage-
ment approach, while continuing to provide the
opportunity to access alternative products such
as our three REITS.”
Skyline Receives Award from Children’s Foundation for Donations Over 100K - October 2015
9MARCH 2016 « The Canadian Business Journal
Government Agencies Multi-Residential Public & Private Owners
Condominium Corporations Insurance companies - Hazmat - Emergency Response
multi-residential renovations and general contracting. HCS is owned and operate by Paul and Kenny Hogan. The Hogan brothers have grown up in the construction industry for the majority of their lives. Their combined 30 years of industry experience has
HCS Contracting is a family owned and operated business that has been in operation since 2009 specializing in project management,
provided the strong basis in which the company operates. HCS strives tobe a leader in the industry. This is accomplished by quality control of services performed, accurate and complete scopes of work, employee training and development, open communication, timely response to customer request and concerns, proven health and safety record and environmental awareness and policies.
HSC CONTRACTING INC.
Construction Services:
work, Wood & Metal Framing
Tiles, Sheet Vinyl, VCT & Laminate
Vestibules, Exercise Rooms, Elevators, Lobbys, Laundry Rooms.
KITCHENER OFFICE
Kitchener, Ontario N2C 1L4
BURLINGTON OFFICE
Skyline Receives Award from Children’s Foundation of Guelph & Wellington for Donations Exceeding $100,000
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
3
FINANCE » Skyline Group of Companies
Wealth ManagementWith unique and highly marketable products,
the Skyline Apartment REIT and the Skyline
Commercial REIT, and SWMI’s connection
to the REITs via shared management teams
and a unique comprehensive business model,
SWMI has intimate knowledge of its products.
This connection and engagement to its off er-
ing provides SWMI and its investors with an
exclusive advantage — true insight and trans-
parency, not to mention ultimate awareness of
the investment. Skyline Wealth Management’s
mandate is simple — to provide an unmatched
investor experience through educating, engag-
ing and informing its investors. SWMI aims to
better serve its investors by creating a direct
link between the investment experience, and
the actual investment by providing direct
access to the management team behind the
REITs.
Besides the transparency that the relation-
ship between the EMD and the REITs provides
to investors, it also creates a valuable align-
ment of interests between the investors, the
EMD, and the REITs.
As an EMD, SWMI must fulfi ll its compliance
requirements and responsibilities as a registrant
and, at the end of the day, regardless of how
well the EMD knows its products, it serves each
existing and prospective investor by ensuring
the nature of the investment is aligned with the
investor’s personal situation.
Recent AchievementsOther notable developments for Skyline include
last year’s milestone acquisition of a 23-property
portfolio of apartments in the Windsor, ON area,
making Skyline the biggest landlord in the city.
However, Skyline’s specialty is not landmark
transactions such as the recent Windsor
Skyline’s Core Values
7MARCH 2016 « The Canadian Business Journal
BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Nesbitt Burns Inc., in providing wealth management products and services. ® “BMO (M-bar roundel symbol)” is
a registered trade-mark of Bank of Montreal, used under licence. ® “Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal. If you are already a client of BMO Nesbitt
Burns, please contact your Investment Advisor for more information.
BMO Nesbitt Burns Inc. is a Member - Canadian Investor Protection Fund. Member of the Investment Industry Regulatory Organization of Canada.
Learn more at bmo.com/nesbittburns
With the right advice. From an Investment Advisor that’s right for you.
Stay at the forefront of investing
Skyline’s Core Values
FINANCE » Skyline Group of Companies10
Wealth ManagementWith unique and highly marketable prod-
ucts – the Skyline Apartment REIT, Skyline
Commercial REIT, and Skyline Retail REIT –
and SWMI’s connection to the REITs via shared
management teams and a unique compre-
hensive business model, SWMI has intimate
knowledge of its products. This connection
and engagement to its off ering provides SWMI
and its investors with an exclusive advantage —
true insight and transparency, not to mention
ultimate awareness of the investment. Skyline
Wealth Management’s mandate is simple — to
provide an unmatched investor experience
through educating, engaging and inform-
ing its investors. SWMI aims to better serve
its investors by creating a direct link between
the investment experience, and the actual
investment by providing direct access to the
management team behind the REITs.
Besides the transparency that the relation-
ship between the EMD and the REITs provides
to investors, it also creates a valuable align-
ment of interests between the investors, the
EMD, and the REITs.
As an EMD, SWMI must fulfi ll its compliance
requirements and responsibilities as a registrant
and, at the end of the day, regardless of how
well the EMD knows its products, it serves each
existing and prospective investor by ensuring
the nature of the investment is aligned with the
investor’s personal situation.
Recent AchievementsOther notable developments for Skyline include
last year’s milestone acquisition of a 23-property
portfolio of apartments in the Windsor, ON area,
making Skyline the biggest landlord in the city.
However, Skyline’s specialty is not landmark
transactions such as the recent Windsor
Skyline’s Core Values
7MARCH 2016 « The Canadian Business Journal
BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Nesbitt Burns Inc., in providing wealth management products and services. ® “BMO (M-bar roundel symbol)” is
a registered trade-mark of Bank of Montreal, used under licence. ® “Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal. If you are already a client of BMO Nesbitt
Burns, please contact your Investment Advisor for more information.
BMO Nesbitt Burns Inc. is a Member - Canadian Investor Protection Fund. Member of the Investment Industry Regulatory Organization of Canada.
Learn more at bmo.com/nesbittburns
With the right advice. From an Investment Advisor that’s right for you.
Stay at the forefront of investing
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
4
FINANCE » Skyline Group of Companies
purchase, but rather “focusing on one property
at a time,” according to Castellan. “We look for
the hidden gems, and amalgamate them all into
the portfolio, where there is value as a bigger and
more effi cient entity.”
As it continues to grow, Skyline is off ered
opportunities to buy across every province in
Canada.“When vendors decide to sell, we want
to be their number one option,” says Castellan.
“The vendors know that we will have the equity
available to get the deal closed.”
The Skyline Group’s success is partially
credited to the holistic business model that
allows it to promote and manage all aspects of
the business in-house, including lease man-
agement, property management and investor
relations. Every aspect of the business is man-
aged with precision, from consulting with
investors to encouraging a sense of community
at each of Skyline’s properties.
“Since we started as a company, we
have always applied a holistic approach,”
Skyline Executives at Best Managed Celebration - March 2015
5MARCH 2016 « The Canadian Business Journal
Dominion Doors and Windows Ltd. is one of Canada's
leading manufacturers and distributors of high quality
PVC (vinyl) windows and door systems serving a range
of clients and applications from coast to coast. Odds
are you've seen our products in houses as well as multi
-unit and high-rise residential buildings, and low-rise
housing across Canada.
Residential Windows Commercial Windows
Sliding Doors Steel Doors Colours
Fibre glass Doors Architectural Glass
Phone: 905.761.9722
www.dominiondw.com
PROUD TO BEASSOCIATED WITH
THE SKYLINE GROUPOF COMPANIES
FINANCE » Skyline Group of Companies
purchase, but rather “focusing on one property
at a time,” according to Castellan. “We look for
the hidden gems, and amalgamate them all into
the portfolio, where there is value as a bigger and
more effi cient entity.”
As it continues to grow, Skyline is off ered
opportunities to buy across every province in
Canada.“When vendors decide to sell, we want
to be their number one option,” says Castellan.
“The vendors know that we will have the equity
available to get the deal closed.”
The Skyline Group’s success is partially
credited to the holistic business model that
allows it to promote and manage all aspects of
the business in-house, including lease man-
agement, property management and investor
relations. Every aspect of the business is man-
aged with precision, from consulting with
investors to encouraging a sense of community
at each of Skyline’s properties.
“Since we started as a company, we
have always applied a holistic approach,”
Skyline Executives at Best Managed Celebration - March 2015
5MARCH 2016 « The Canadian Business Journal
Dominion Doors and Windows Ltd. is one of Canada's
leading manufacturers and distributors of high quality
PVC (vinyl) windows and door systems serving a range
of clients and applications from coast to coast. Odds
are you've seen our products in houses as well as multi
-unit and high-rise residential buildings, and low-rise
housing across Canada.
Residential Windows Commercial Windows
Sliding Doors Steel Doors Colours
Fibre glass Doors Architectural Glass
Phone: 905.761.9722
www.dominiondw.com
PROUD TO BEASSOCIATED WITH
THE SKYLINE GROUPOF COMPANIES
Skyline Celebrates Being Named One of Canada’s Best Managed Companies
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
5
FINANCE » Skyline Group of Companies
years of servicing the Skyline Group of Companies as the
To experience the Georgian Bay Fire & Safety differencecontact your nearest office today.
they receive the best value for their dollar. With offices across Ontario we
understand both Provincial & local Codes making us a valuable resource
for our clients.
www.gbfire.com 1.800.265.3197
Georgian Bay Fire & Safety is proud to continue our 15
We wish to thank the entire Skyline management team, staff &
single source supplier of their fire protection & security needs.
investors for allowing us to take part in this exciting journey.
As a business partner we focus on exceeding our client’s expectations ensuring
says Castellan.“Simply bouncing ideas off of
each other (from one part of the company to
another) continues in our company today as a
key component of our success.”
The company’s interdependent approach
ensures that the interests of each department
are consistently aligned with the goal of pro-
viding both exceptional services to residential
and commercial tenants, and stable returns to
investors.
Another vital factor attributed to the com-
pany’s success is its people: today, Skyline has
over 600 employees across Canada, and is con-
tinuing to expand quickly. “Jobs that were once
shared have become so big that they are now
specialized,” says Castellan. “People can now
very specifi cally pick and choose their paths at
Skyline, and really make the best of their abilities
and talents.”
With its headquarters in Guelph, ON, Skyline
has its commercial management team located
in Richmond Hill, ON, and also has satellite
offi ces in Ottawa and London, ON to manage
those respective regions. Castellan credits the
dedication of the Skyline team for the continual
positive direction of the company.
“We have been able to attract a lot of
incredible talent to the company,” he says. “Our
staff has the same entrepreneurial spirit as we
do; allowing them free reigns to run with it has
allowed us to do great things for our investors,
staff and tenants.”
FINANCE
P OF COMPANIES
t Management
FINANCE » Skyline Group of Companies
years of servicing the Skyline Group of Companies as the
To experience the Georgian Bay Fire & Safety differencecontact your nearest office today.
they receive the best value for their dollar. With offices across Ontario we
understand both Provincial & local Codes making us a valuable resource
for our clients.
www.gbfire.com 1.800.265.3197
Georgian Bay Fire & Safety is proud to continue our 15
We wish to thank the entire Skyline management team, staff &
single source supplier of their fire protection & security needs.
investors for allowing us to take part in this exciting journey.
As a business partner we focus on exceeding our client’s expectations ensuring
says Castellan.“Simply bouncing ideas off of
each other (from one part of the company to
another) continues in our company today as a
key component of our success.”
The company’s interdependent approach
ensures that the interests of each department
are consistently aligned with the goal of pro-
viding both exceptional services to residential
and commercial tenants, and stable returns to
investors.
Another vital factor attributed to the com-
pany’s success is its people: today, Skyline has
over 600 employees across Canada, and is con-
tinuing to expand quickly. “Jobs that were once
shared have become so big that they are now
specialized,” says Castellan. “People can now
very specifi cally pick and choose their paths at
Skyline, and really make the best of their abilities
and talents.”
With its headquarters in Guelph, ON, Skyline
has its commercial management team located
in Richmond Hill, ON, and also has satellite
offi ces in Ottawa and London, ON to manage
those respective regions. Castellan credits the
dedication of the Skyline team for the continual
positive direction of the company.
“We have been able to attract a lot of
incredible talent to the company,” he says. “Our
staff has the same entrepreneurial spirit as we
do; allowing them free reigns to run with it has
allowed us to do great things for our investors,
staff and tenants.”
FINANCE
P OF COMPANIES
t Management
FINANCE » Skyline Group of Companies
years of servicing the Skyline Group of Companies as the
To experience the Georgian Bay Fire & Safety differencecontact your nearest office today.
they receive the best value for their dollar. With offices across Ontario we
understand both Provincial & local Codes making us a valuable resource
for our clients.
www.gbfire.com 1.800.265.3197
Georgian Bay Fire & Safety is proud to continue our 15
We wish to thank the entire Skyline management team, staff &
single source supplier of their fire protection & security needs.
investors for allowing us to take part in this exciting journey.
As a business partner we focus on exceeding our client’s expectations ensuring
says Castellan.“Simply bouncing ideas off of
each other (from one part of the company to
another) continues in our company today as a
key component of our success.”
The company’s interdependent approach
ensures that the interests of each department
are consistently aligned with the goal of pro-
viding both exceptional services to residential
and commercial tenants, and stable returns to
investors.
Another vital factor attributed to the com-
pany’s success is its people: today, Skyline has
over 600 employees across Canada, and is con-
tinuing to expand quickly. “Jobs that were once
shared have become so big that they are now
specialized,” says Castellan. “People can now
very specifi cally pick and choose their paths at
Skyline, and really make the best of their abilities
and talents.”
With its headquarters in Guelph, ON, Skyline
has its commercial management team located
in Richmond Hill, ON, and also has satellite
offi ces in Ottawa and London, ON to manage
those respective regions. Castellan credits the
dedication of the Skyline team for the continual
positive direction of the company.
“We have been able to attract a lot of
incredible talent to the company,” he says. “Our
staff has the same entrepreneurial spirit as we
do; allowing them free reigns to run with it has
allowed us to do great things for our investors,
staff and tenants.”
FINANCE
P OF COMPANIES
t Management
SKYLINE GROUP
A-Z Investmen
MARCH 2016 « The Canadian Business Journal
Skyline believes that in order for its proper-
ties to be successful, it must be engaged with
the communities in which the properties are
located.
“We believe that the communities we serve
are the backbone of our success, and giving
back is part of our core purpose,” says Castellan.
Skyline’s robust community outreach program
entails everything from paid staff volunteer
days and food drives to a university scholar-
ship program. In the past few years, Skyline has
been recognized time and time again for its role
in building strong communities across Canada
through charitable initiatives and volunteer work
(in addition to the awards the company has won
for its outstanding business operations).
“We appreciate the acknowledgment [that
comes with these awards], but also accept it as
a challenge to stay on top of our game,” says
Castellan. “We know that there is always poten-
tial to be even better.” CBJ
For more information:
www.skylineonline.ca
All Professional Trades Operating
since 2009 as an all inclusive service
provider with an increasing specialization
in water conservation and energy savings
programs including retrofits.
All Professional Trades tends to
thethe nneeds of Southeern OOntario’s
mulmulti ti residential properties; carrying
out jojobs as small as plap ster and flooo r
repepairairs ts to completl e suite renovations
www.allprofessionaltrades.com
10 Sims Crescent, Units 2&3 Richmond Hill, Ontario L4B 1K9
Tel: 905-887-9898
Stanton Mechanical Ltd: HVAC & Plumbing Servicein the Kitchener Area
Congratulations to Skyline Group of Companies
on their Success
100 Campbell Avenue,Kitchener, ON, N2H 4X8
Phone: [email protected]
SKYLINE GROUP
A-Z Investmen
MARCH 2016 « The Canadian Business Journal
Skyline believes that in order for its proper-
ties to be successful, it must be engaged with
the communities in which the properties are
located.
“We believe that the communities we serve
are the backbone of our success, and giving
back is part of our core purpose,” says Castellan.
Skyline’s robust community outreach program
entails everything from paid staff volunteer
days and food drives to a university scholar-
ship program. In the past few years, Skyline has
been recognized time and time again for its role
in building strong communities across Canada
through charitable initiatives and volunteer work
(in addition to the awards the company has won
for its outstanding business operations).
“We appreciate the acknowledgment [that
comes with these awards], but also accept it as
a challenge to stay on top of our game,” says
Castellan. “We know that there is always poten-
tial to be even better.” CBJ
For more information:
www.skylineonline.ca
All Professional Trades Operating
since 2009 as an all inclusive service
provider with an increasing specialization
in water conservation and energy savings
programs including retrofits.
All Professional Trades tends to
thethe nneeds of Southeern OOntario’s
mulmulti ti residential properties; carrying
out jojobs as small as plap ster and flooo r
repepairairs ts to completl e suite renovations
www.allprofessionaltrades.com
10 Sims Crescent, Units 2&3 Richmond Hill, Ontario L4B 1K9
Tel: 905-887-9898
Stanton Mechanical Ltd: HVAC & Plumbing Servicein the Kitchener Area
Congratulations to Skyline Group of Companies
on their Success
100 Campbell Avenue,Kitchener, ON, N2H 4X8
Phone: [email protected]
FINANCE » Skyline Group of Companies
house purchased by brothers Jason and Martin
Castellan, who were students at the University
of Guelph at the time. They rented out each
of the house’s rooms to fellow students, and,
within a short time, began to purchase addi-
tional rental properties with their earnings.
When their friend Roy Jason Ashdown joined
the team, the trio quickly amassed 52 individual
properties across the city of Guelph. They for-
mally incorporated Skyline in 1999.
The Skyline Group now acquires properties
across Canada, and, true to its roots, fully man-
ages the properties in-house, ensuring that its
residential and commercial tenants are proud
to live and work in Skyline buildings. Each of
these properties belongs to one of Skyline’s
private REIT portfolios, which are off ered to
investors as unique and solid alternative invest-
ment products. Each portfolio off ers something
diff erent to Skyline’s clients – and the demand
from interested investors is ever-growing. In
2015, Skyline raised a remarkable $198 million in
equity from individual investors across its three
REIT portfolios.
With the current shift in the Canadian real
estate market, Skyline has been consistent in
Jason Castellan
MARCH 2016 « The Canadian Business Journal
The balance needed to get deals done rightChallenge inspires our passion. Complex deals drive us. Owning properties informs our perspective.
But balance is the ultimate value we offer our commercial financing clients.
Connector and problem solver. Intensity and discretion. Boldness and stealth. Action and strategy. Charisma and resourcefulness.
Barry Gidney and Ilan Barda. Individual strengths. One team with one goal. Getting deals done right.
Barry GidneyAssistant Vice President, Commercial Financing E: [email protected] T: 416.593.2915
Ilan BardaAssistant Vice President, Commercial Financing E: [email protected] T: 416.597.5450
www.firstnational.caOntario Mortgage Brokerage License No. 10514
6
AS SEEN IN THE MARCH 2016 ISSUE OF THE CANADIAN BUSINESS JOURNAL
WWW.CBJ.CA
GEORGE MEDIANETWORK
SKYLINE GROUP OF COMPANIES
www.skylineonline.ca
CBJ