Canadian Residential
Toronto – November 27, 2015 - Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of two mid-rise multi-residential buildings in Mississauga, Ontario located at 3480 Havenwood Drive and 1485 Williams Port Drive (the “Property”).
The Property is comprised of two – 8 storey concrete mid-rise buildings, EACH with onsite laundry facilities, a basketball court, an outdoor pool and locker storage. The Property is in close proximity to major highways, public transit and parks with many restaurants, grocery stores and schools within walking distance. The Property will be managed on-site by MetCap Property Management.
“Starlight is pleased to continue to acquire properties in the Greater Toronto Area. This acquisition aligns well with our growing Mississauga multi-residential portfolio,” stated Daniel Drimmer, Starlight’s Chief Executive Officer.
The acquisition of this Property further strengthens Starlight’s presence in Mississauga, demonstrating 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:
Daniel Drimmer
President and Chief Executive Officer
+1 – 416-234‑8444
ddrimmer@starlightinvest.com
David Chalmers
Vice President, Asset Management
+1 – 416-234‑8444
dchalmers@starlightinvest.com