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Canadian Residential

Starlight Investments Ltd. Acquires Property in Waterloo

Toronto – October 17, 2012 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a multi-family property situated in the Province of Ontario.

The property (the Property”) is a high-rise building located at 285 Erb Street West in Waterloo, Ontario. The Property was originally constructed in 1967 and comprises a total of 100 suites, the majority of which are two bedroom units. Features of the Property include access to the public transit, nearby parks, amenities and shopping centres in addition to affordable laundry facilities, secured entry and parking.

The Property will be managed on-site by Gateway Property Management Corporation.

We are excited to add 285 Erb Street West to our portfolio. Acquiring this property will help us to increase our presence in this market.” explained Daniel Drimmer, Starlight’s Chief Executive Officer.

The acquisition of the Property further strengthens Starlight’s presence in 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​.starlight​in​vest​.com or contact:

Daniel Drimmer
President and Chief Executive Officer
+1 – 416-234‑8444

David Chalmers
Vice President, Asset Management
+1 – 416-234‑8444