Toronto – May 30, 2014 — Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of four multi-family low-rise concrete buildings totaling 160 units in Brockville, Ontario.
The properties are located in the city of Brockville, Ontario within close proximity to retail shops, schools, community services and Highway 401. The building consists of spacious one, two and three-bedroom units and offers outdoor parking, on-site laundry facilities, a social room and an outdoor pool in a courtyard setting.
The Properties will be managed on site by Metcap Living.
“We are pleased to acquire this distinctive set of multi-family buildings in a well-established neighborhood of Brockville, Ontario. This acquisition is a great addition to our growing Brockville portfolio,” stated Daniel Drimmer,Chief Executive Officer.
The acquisition of 1 – 4 Balmoral Place further strengthens Starlight’s presence in Brockville, Ontario, demonstrates its access to investment opportunities and reflects its reputation for successfully negotiating and executing transactions.
About Starlight Investments Ltd.
Starlight Investments Ltd. is a Toronto-based privately held real estate investment and asset management company that is driven by an experienced team comprised of more than 90 professionals. Starlight currently manages $3.5 billion of multi-residential and commercial properties for joint venture partnerships with institutional investors, True North Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and private investors. The company’s portfolio consists of approximately 27,000 multi-residential units across Canada and the United States and nearly two million square feet of commercial properties.
To learn more about Starlight, visit www.starlightinvest.com or contact:
President and Chief Executive Officer
+1 – 416-234‑8444
Vice President, Asset Management
+1 – 416-234‑8444