Canadian Residential
Toronto – November 6, 2024 – Starlight Investments (“Starlight”), a leading global real estate investment and asset management firm, has acquired a brand new, high-quality 227-suite rental residence in the City of Pickering, Ontario. This acquisition marks a significant addition to the company’s growing Canadian residential portfolio.
This exceptional residence, completed in 2024 and situated near Whites Road North and Sheppard Avenue, is in an excellent location and offers breathtaking views and convenient access to numerous local amenities. Restaurants, grocery stores and a variety of retail shops are close by while the shores of Lake Ontario and Frenchman’s Bay are only minutes away. The residence is also a 5‑minute walk to Whites Road Shopping Centre and has highly convenient transportation connections to major highways, GO Transit and Durham Region Transit.
“We are pleased to expand our multi-family portfolio to the rapidly growing City of Pickering,” said Heather Kane, Executive Vice President, Asset Management, Canadian Residential at Starlight Investments.“This exceptional residence, with its modern design and attractive location, presents convenient, comfortable, high-quality homes that are suitable for both individuals and families.”
About the Residence
The residence is a 12-storey rental community that comprises a total of 227 suites. It presents a range of premium open-concept one-bedroom, two-bedroom and three-bedroom suite layouts with modern and sophisticated finishes including high-quality vinyl plank flooring, in-suite laundry, stainless-steel kitchen appliances and private balconies. The residence features extensive surface-level and underground parking for residents, electric vehicle charging stations, bike racks, storage lockers and amenities such as a spacious party room, games room, fully equipped fitness centre, children’s playground and outdoor BBQ area. The property is also pet-friendly and features a pet washing station. It is professionally managed onsite by Sterling Karamar.
About Starlight Investments
Starlight Investments is a leading global real estate investment and asset management firm with CAD $28B AUM. A privately held owner, developer and asset manager of over 68,000 multi-residential suites and over 7 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.