Our History

History of Identifying Opportunities and Unlocking Value

2021

  • Building on its Core Plus strategy, Starlight U.S. Multi-Family (No. 2) Core Plus Fund is launched and listed on the TSX Venture Exchange

2020

  • Starlight and the Clearwater Partnership acquire Starlight U.S. Multi-Family (No.1) Value-Add Fund for US$240M, generating a return for investors of approximately 21%
  • Continuing its U.S. expansion and strategy diversification, Starlight U.S. Multi-Family (No. 1) Core Plus Fund is launched and listed on the TSX Venture Exchange
  • Capitalizing on the Canadian Multi-Family fundamentals and the execution of Fund I, Starlight Canadian Residential Growth Fund II is formed to acquire $1.5B of Canadian Multi-Family real estate
  • Starlight, Kingsett Capital and AIMCo privatize the Northview Apartment REIT for approximately $4.9 Billion. As a result of the privatization:
    • ~15,000+ units are retained by Starlight; and
    • The Northview Canadian High Yield Residential Fund is formed and listed on the TSX with Starlight as the asset manager

2019

  • Starlight U.S. Multi-Family (No. 5) Core Fund is sold to Tricon Capital Group for US$1.4B delivering a return of approximately 30% to investors
  • The first co-mingled fund, Starlight Canadian Residential Growth Fund I, is launched. The Fund targets the 8-10 major metropolitan markets in Canada and acquires approximately $1.2B of Multi-Family real estate
  • Starlight acquires a $1.73B portfolio in the Greater Toronto Area comprising of 6,271 units from Continuum Residential REIT

2017-2018

  • An Institutional Partnership is formed with PSP and AIMCo for the acquisition of U.S.$1.3B of Southern U.S., class “A” Core Multi-Family real estate
  • A new Partnership is formed with Blackstone for the acquisition of several Core-Plus Canadian Multi-Family portfolios
  • A new Institutional Partnership is formed with a Canadian pension fund to acquire Canadian Commercial assets
  • Expanding on its U.S. Strategy, Starlight U.S. Multi-Family (No.1) Value-Add Fund is launched and listed on the TSX Venture Exchange
  • A new business line, Starlight Capital, is formed for the purpose of investing in listed global real estate and infrastructure securities. This platform is predominantly geared towards retail investors

2015-2016

  • Northern Property REIT acquires True North Apartment REIT and renames the merged vehicle to Northview Apartment REIT which is listed on the TSX. Starlight retains a significant equity interest in Northview and remains the asset manager
  • Starlight creates a Joint Venture with a Canadian pension fund to acquire Core Multi-Family assets in Canada and the U.S.
  • To provide investors with diversification and scale, Starlight merges the four preceding U.S. Multi-Family Core Funds and in conjunction raises a fifth Fund. The merged entity is renamed to Starlight U.S. Multi-Family (No.5) Core Fund and is listed on the TSX Venture Exchange

2013-2014

  • Starlight U.S. Multi-Family business line is formed, with a focus on the high growth Sunbelt and Mountain markets
  • Starlight U.S. Multi-Family launches its first Closed-End Fund focused on a Core strategy and is listed on the TSX Venture Exchange
  • Building on the success, Starlight U.S. Multi-Family launches three more publicly listed Funds with a continuation of the Core strategy

2011-2012

  • In 2011, Starlight Investments is established as an institutional real estate investment and asset management company
  • TransGlobe Apartment REIT is privatized delivering a total return of over 60% to investors. As a result of the privatization:
    • Starlight retained over 10,000 units;
    • The True North Apartment REIT and True North Commercial REIT are formed and listed on TSX with Starlight as the asset manager; and
    • The TransGlobe property management platform is disposed of as it is deemed to be non-core

2007-2010

  • The first Institutional Partnership is established with PSP Investment Board (“PSP”) for Value-Add Canadian Multi-Family and Commercial real estate
  • TransGlobe grows to over 30,000 Multi-Family units and 1M square feet of Commercial space
  • As a result of its growth, in 2010 TransGlobe Apartment REIT completes an initial public offering and is listed on the Toronto Stock Exchange (“TSX”)

1995

  • TransGlobe Property Management is formed as a vertically integrated real estate manager focused on Canadian Multi-Family and Canadian Commercial