Toronto – December 17, 2015 — Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a high-rise, concrete, mix use building, located 222 Rue Woodstock, Montréal, Québec (the “Property”).
The Property is comprised of 210 units in a 13 storey building with a variety of street front retail, indoor pool, fitness facility, library, common room and underground parking. The Property is minutes from downtown and is in close proximity to grocery stores, schools, restaurants and the Charles Lemoyne hospital. The Property will be managed on-site by MetCap Living.
“Starlight is pleased to continue its growth in the greater Montréal market. This acquisition in Saint Lambert creates further synergies in our growing Québec multi-residential portfolio,” stated Daniel Drimmer, Starlight’s Chief Executive Officer.
The acquisition of this Property further strengthens Starlight’s presence in Montréal, demonstrates Starlight’s access to investment opportunities and reflects Starlight’s reputation for successfully negotiating and executing transactions.
About Starlight Investments Ltd.
Starlight Investments Ltd. is a Toronto-based privately held, full service, real estate investment and asset management company that is driven by an experienced team comprised of more than 105 professionals. Starlight currently manages $4.5 billion of multi-residential and commercial properties for joint venture partnerships with institutional investors, Northview Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and for private investors. Starlight’s portfolio consists of approximately 32,500 multi-residential units across Canada and the United States and over 2.2 million square feet of commercial properties.
To learn more about Starlight, visit www.starlightinvest.com or contact:
President and Chief Executive Officer
+1 – 416-234‑8444
Vice President, Asset Management
+1 – 416-234‑8444