Toronto – June 29, 2012 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of five multi-family properties situated in the Province of Ontario.
The properties (the “Properties”) are located in London, Ontario and consist of two low-rise buildings, located at 1549 Trossacks Avenue and 1558 – 1562 Trossacks Avenue, and three mid-rise buildings located at 1550, 1554 and 1566 Trossacks Avenue. The Properties were originally constructed between 1980 and 1983 and comprise a total of 220 suites, the majority of which are two bedroom units. Features of the Properties include access to public transit, nearby parks, amenities and shopping centres in addition to affordable laundry facilities, secured entry and parking.
The Properties will be managed on-site by Greenwin Inc.
“Starlight is always looking to add multiple properties to its portfolio. We believe that these buildings will help us move forward as a company.” stated Daniel Drimmer, Starlight’s Chief Executive Officer.
The acquisition of the Properties further strengthens Starlight’s presence in Southern Ontario, demonstrates Starlight’s access to investment opportunities and reflects Starlight’s reputation for successfully negotiating and executing transactions
About Starlight Investments Ltd.
Starlight is privately held, full service, real estate investment and asset management company that is driven by an experienced team of professionals. Starlight currently manages multi-residential and commercial properties for joint venture partnerships with institutional investors, publicly listed companies and for private investors.
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