Canadian Residential
Toronto – June 1, 2023 – Starlight Investments (“Starlight”) announced today that it has completed the acquisition of a portfolio of five residences (the “Residences”) located in York Mills, Scarborough and Mississauga, respectively. The acquisition, which totals 594 suites, speaks to Starlight’s investment in the Greater Toronto Area (GTA) market and its focus on strong growth fundamentals.
“This is a robust portfolio and will be a welcome addition to our already strong residential platform in the GTA. We are invested heavily in the growth and success of Toronto, Scarborough and Mississauga and are focused on providing residents and communities with quality rental offerings,” said David Chalmers, President, Canadian Residential at Starlight Investments.
York Mills – This residence is a seven-storey building, comprised of 17 one-bedroom, 41 two-bedroom and 18 three-bedroom suites, totaling 76 suites. All suites have fully furnished kitchens, complete with stainless steel appliances, while the building itself has on-site laundry facilities, controlled entry and monitored security and both surface-level and underground parking. This residence is to be professionally managed by Greenwin Corp.
Scarborough – This residence is a 13-storey high-rise, comprised of two studio, 61 one-bedroom, 112 two-bedroom and 11 three-bedroom suites, totaling 186 suites. The residence has controlled entry and monitored security, on-site laundry and fitness facilities, as well as private storage lockers. All suites have fully furnished kitchens, complete with stainless steel appliances. This residence is to be professionally managed by Signet Group.
Mississauga – Three separate residences are located in Mississauga. The first is a 12-storey high rise totaling 142 suites, the second is a 10-storey high rise totaling 93 suites and the third is seven-storey mid-rise totaling 97 suites. All three residences have controlled entry and monitored security and furnished kitchens with stainless steel appliances, along with on-site laundry facilities and private storage lockers. The first residence, to be professionally managed by Greenwin Corp., boasts private bicycle parking and storage while the second and third both feature a shared outdoor swimming pool and will be professionally managed by Kipling Group.
York Mills, Scarborough and Mississauga are all thriving cities and neighbourhoods within the Greater Toronto Area (GTA). The Residences all feature convenient access to major highways and public transport. The Residences are also located close to quality schools, parks, restaurants, grocery and retail shopping.
Starlight Investments is a leading global real estate investment and asset management firm. A privately held owner, developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space, we offer a range of investment vehicles across various real estate strategies. Starlight’s guiding mission is to balance our tenure with visionary curiosity to create positive impact for investors and communities alike. At Starlight, we invest with impact. Learn more at www.starlightinvest.com or connect with us on LinkedIn.