Starlight Investments Acquires Mid-Rise Property Totaling 42 Units, in Mississauga, ON
Toronto – November 21, 2022 – Starlight Investments (“Starlight”) announced today that it has completed the acquisition of a mid-rise building (the “Property”), comprising of 41 residential units and one commercial unit, located in Mississauga, Ontario.
The multi-family Property is nestled away in the idyllic Streetsville neighbourhood – boasting a beautiful mix of heritage properties and modern living. The neighbourhood is conveniently connected to major transit terminals and steps away from a number of community amenities, including the Streetsville Memorial Park, an outdoor community hub for residents to stay active and connected. The property is also a short walking distance from a variety of grocery stores, banks, local shops and restaurants.
“We are always looking to acquire quality properties with strong fundamentals and this property, along with the surrounding neighbourhood, align with Starlight’s objective to provide high quality rental housing,” said David Chalmers, President, Canadian Multi- Family, Starlight Investments.
The six-storey, controlled-entry, building includes one commercial unit, one bachelor unit, 24 one-bedroom units, 14 two-bedroom units, and two three-bedroom units. The units are pet-friendly and boast fully furnished kitchens and stainless-steel appliances. Residents can access private storage lockers, onsite laundry facilities, private parking. This property will be professionally managed by Signet Group.
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.starlightinvest.com and connect with us on LinkedIn at www.linkedin.com/company/starlight-investments-ltd-