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Starlight Investments Acquires Multi-Residential Complex in Toronto, Ontario

Canadian Residential

Toronto — February 21, 2017 - Starlight Investments (“Starlight”) is pleased to announce that it has completed the acquisition of a multi-residential property located at 65 – 99 Silver Springs Boulevard in Toronto, Ontario (the Property”).

The Property is comprised of 56 townhouse units and 374 units in three, 9‑storey buildings. The Property has both surface and underground parking, laundry facilities, tenant locker rooms, a basketball court and playground and is in close proximity to schools, retail shops, a hospital, medical centres, a sports complex and public transit.

The Property will be managed on-site by MetCap Living.

Starlight is pleased to continue to grow its Toronto presence with the addition of this multi-residential complex,” stated Daniel Drimmer, Starlight’s Chief Executive Officer.

The acquisition of the Property further strengthens Starlight’s presence in Toronto, demonstrating Starlight’s access to investment opportunities and reflects Starlight’s reputation for successfully negotiating and executing transactions.

About Starlight Investments

Starlight Investments 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 110 professionals. Starlight currently manages $7 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 (No. 5) Core Fund and for private investors. Starlight’s portfolio consists of approximately 34,000 multi-residential units across Canada and the United States and over 3 million square feet of commercial properties.

To learn more about Starlight, visit www​.starlight​in​vest​.com or contact:

Daniel Drimmer
President and Chief Executive Officer
+1 – 416-2348444
ddrimmer@​starlightinvest.​com

David Chalmers
Vice President, Asset Management
+1 – 416-2348444
dchalmers@​starlightinvest.​com