Six Properties Achieve BOMA BEST Certification

Toronto – JUNE 13, 2022 – Starlight Investments (“Starlight”) is pleased to announce that six properties including 1459 – 1469 KLO Road, known as ​“Mission Flats”, comprised of three buildings and two townhomes, and 996 Paisley Road, known as ​“Paisley Square”, have been awarded BOMA BEST Gold certification. The Building Owners and Managers Association of Canada (BOMA Canada), through its BOMA BEST Sustainable Building certification, measures the environmental performance of buildings and is Canada’s largest environmental assessment and certification program. 

Starlight is committed to implementing environmental, social, and governance (ESG) best practices across its portfolio. The six properties that achieved BOMA BEST Gold certifications include 996 Paisley Road (Guelph, Ontario) and three buildings within the Mission Flats (Kelowna, British Columbia) complex, two of which are townhomes that achieved BOMA BEST Silver — the highest accreditation for the townhome asset class achieved to date across Canada.

“These achievements reflect Starlight’s ongoing commitment to integrating strong environment, social and governance (ESG) practices in all areas of our business. The certification program provides additional visibility to performance, which is of growing importance to our investors,” commented Marlee Kohn, Director of ESG, Starlight Investments

The buildings boast upgraded heating and cooling including solar heating at Mission Flats, advanced building automation systems, energy efficient lighting and water efficient fixtures. The buildings’ improved energy performance directly contributes to Starlight’s 7% carbon emissions reduction from 2020 to 2021, across the portfolio.

Starlight pursued the BOMA BEST certification because it takes a holistic approach to evaluating buildings, looking at both environmental and social impacts. The buildings have enhanced ventilation and air filtration, CO2 monitors, fitness centres, green cleaning measures, sustainable procurement and renovation standards. The buildings also feature electric vehicle charging and are near public transportation and recreational amenities. There are a variety of resident engagement activities and communication channels also utilized at these buildings which collectively enhance resident comfort, convenience, and well-being.

“Pursuing the BOMA BEST certification is a natural fit for Starlight as we have a strong focus on implementing ESG programs across our portfolio and having a positive impact on communities. The BOMA BEST certification not only helps enhance property performance but also positively impacts our residents’ living experiences,” stated Daniel Drimmer, President and Chief Executive Officer, Starlight Investments

For further information and to learn about Starlight’s ESG program and our commitment to measurable improvements in sustainability, please visit our website.

About BOMA BEST

BOMA BEST is Canada’s largest environmental assessment and certification program for existing buildings. It is a unique, voluntary program designed by building owners, managers, and operators in conjunction with a wide range of independent external experts to provide the commercial real estate industry with a consistent framework for assessing and improving the environmental performance and management of existing buildings. The Program is managed nationally by BOMA Canada and delivered by the eleven local BOMA Associations throughout Canada.

About Starlight Investments

Starlight Investments is a privately held Toronto-based, full service, multi-family and commercial real estate investment and asset management company driven by an experienced team of over 360 professionals. The company currently manages over $25.0 billion of direct real estate as well as real estate investment securities. Investment vehicles include institutional joint ventures, True North Commercial REIT, Starlight U.S. Multi-Family Funds, the Northview Fund and Starlight Capital Funds. Starlight Investment’s portfolio consists of approximately 73,000 multi-residential units across Canada and the U.S. and over 9.0 million square feet of commercial properties. Please visit us at www​.starlight​in​vest​.com and connect with us on LinkedIn at www​.linkedin​.com/​c​o​m​p​a​n​y​/​s​t​a​r​l​i​g​h​t​-​i​n​v​e​s​t​m​e​n​t​s​-ltd-

David Chalmers
President
Canadian Multi-Family
+1 – 416-234‑8444
dchalmers@​starlightinvest.​com

Lauren Kenney
Chief People Officer People & Culture

+1 – 416-234‑8444
lkenney@​starlightinvest.​com