Toronto – July 17, 2014 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a 200 suite multi-family building located at 295 Dufferin Street in downtown Toronto, Ontario (the “Property”).
The Property is an eight storey mid-rise building located in close proximity to Liberty Village and within walking distance to a wide range of amenities including restaurants, retail stores, local markets, schools and public transportation. The Property also offers convenient streetcar access to Toronto’s downtown core. Features of the Property include spacious on and two bedroom suites, on-site laundry and indoor parking.
The Property will be managed on site by DMS Property Management.
“We are pleased to increase our growing presence in downtown Toronto. 295 Dufferin Street is an exceptionally well-maintained property with convenient access to Toronto’s downtown core and is within walking distance of trendy Liberty Village.” stated Daniel Drimmer, Chief Executive Officer.
The acquisition of the Property further strengthens Starlight’s presence in Toronto, 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