Starlight Western Canada Multi-Family (No. 2) Fund was established in November 2021 to acquire, own and operate a portfolio of newer vintage residences and newly constructed income-producing, multi-family residences. These assets are located in Vancouver Island and mainland British Columbia.
The Fund’s strategy is focused on active asset management and utilizing best-in-class property managers to implement net operating income growth. This is achieved by maximizing rental rates and revenue enhancement through ancillary income opportunities as well as operating expense reductions. The Fund has a 3‑year investment horizon, with two one-year extensions available.
British Columbia markets with compelling employment, population and economic growth rates including:
Attractive opportunities for new immigrants to Canada
Relatively comfortable climates and quality of life
The Fund targets a 12% gross pre-tax investor internal rate of return upon disposition.
Board of Trustees and Audit Committee
Unit Classes (Unlisted)