Toronto – February 1, 2023 – Starlight Investments (“Starlight”) announced today that it has completed the acquisition of a mid-rise residence (the“Residence”), comprising 101 residential units, located in Waterloo, Ontario.
The multi-family property was originally built in 1965 and is situated on a 2.7‑acre parcel of land within walking distance of Waterloo University and Conestoga College. Residents also have easy access to a number of primary and secondary schools, grocery stores, retail spaces grocery markets and more. The property is also nearby major highways and public transport hubs, making the property for students, commuters and families alike.
We are pleased to be able to continue to expand our portfolio in the Kitchener and Waterloo market,” said David Chalmers, Starlight President, Canadian Residential. “This property’s attractive location and the continued, consistent growth of the region and local community will ensure that this acquisition becomes a valuable addition to our portfolio”.
About the Residence
The residence is comprised of one bachelor, 12 one-bedroom, 75 two-bedroom and 13 three-bedroom suites. The property boasts on-site laundry, private surface-level parking for residents and guests and on-site private storage lockers. Each suite comes with fully furnished kitchens, complete with stainless steel appliances. The property will be professionally managed by Greenwin Property Management.
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.
+1 – 416 – 234‑8444
+1 – 416 – 234‑8444