Canadian Residential
Toronto – 5th June, 2023 – Starlight Investments (“Starlight”) announced today that it has completed the acquisition of a portfolio of assets (the “Residences”) in London, Guelph, Toronto, Richmond Hill and Montreal. The acquisition, which totals 935 suites, is heavily amenitized and adds to the company’s portfolio of quality rental communities set in high-demand communities.
“We are proud to complete the acquisition of these premier rental communities across Ontario and Quebec,” said Neil Fischler, Senior Vice President, Canadian Residential at Starlight Investments. “Representing some of the strongest markets in Canada, this acquisition signifies our commitment to diversifying our portfolio. We are excited to add these residences to our professionally managed residential platform.”
Guelph – This community includes one 10-storey and one nine-storey residence, comprised of 185 suites, including bachelor, one-bedroom and two-bedroom layouts. The suites are pet friendly and come equipped and fully furnished kitchens, including dishwashers. The community also features on-site laundry facilities, surface-level parking, private storage lockers, controlled entry and monitored security cameras. Community amenities include an outdoor BBQ, a fitness facility and a dog park. This community will be professionally managed by Signet Group.
Richmond Hill – This community includes three four-storey residences comprised of 95 suites including bachelor, one-bedroom and two-bedroom layouts. The suites are pet friendly and come equipped with fully furnished kitchens, including dishwashers. The community features on-site laundry, surface-level parking, private storage lockers, controlled entry and monitored security cameras for safety. This community will be professionally managed by Sterling Karamer Property Management.
London – This community includes three nine-storey and three three-storey residences, comprised of 385 suites including bachelor, one-bedroom, two-bedroom and three-bedroom layouts and a commercial retail unit. The suites are pet friendly and equipped with fully furnished kitchens, including dishwashers. The complex features on-site laundry, surface-level and underground parking, storage lockers, controlled entry and monitored security cameras for safety. This community will be professionally managed by Sterling Karamar Property Management.
Toronto – This residence is a six-storey residence comprised of 52 suites including bachelor, one-bedroom and two-bedroom layouts. The suites are pet friendly and come equipped with fully furnished kitchens, including dishwashers. The community features surface-level and underground parking, controlled entry and monitored security cameras for safety. This community will be professionally managed by Greenwin.
Montreal – This community includes one seven-storey and one fourteen-storey residence, comprised of 218 suites including bachelor, one-bedroom, two-bedroom and three-bedroom layouts and two commercial retail units. The suites are pet friendly and come equipped with fully furnished kitchens, including dishwashers. The community features an on-site fitness facility, private storage lockers, surface-level and underground parking, controlled entry and monitored security cameras for safety. The fourteen-storey residence’s amenities include a spacious outdoor terrace and an on-site convenience store. This community will be professionally managed by Metcap Living.
Toronto and Montreal represent two of the strongest markets in the country, while Guelph, Richmond Hill and London represent a few of the fastest growing communities in Ontario. The Residences all feature convenient access to major highways and public transport and are 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.