Toronto – October 23, 2015 - Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a five storey apartment building located at 141 Main Street South in Brampton, Ontario (the “Property”).
The Property is comprised of 66 units with outdoor parking, on-site laundry facilities as well as locker storage. In addition, the Property is located in proximity to a wide range of amenities including: Shoppers World, a public transit terminal and is surrounded by various parks including Gage Park in Downtown Brampton.
The Property will be managed on-site by MetCap Property Management.
“Starlight is pleased to continue to acquire properties in Peel region. This acquisition aligns extremely well with our growing Greater Toronto Area multi-residential portfolio,” stated Daniel Drimmer, Chief Executive Officer.
The acquisition of this Property further strengthens Starlight’s presence in the Greater Toronto Area, demonstrating its access to investment opportunities and reflects its reputation for successfully negotiating and executing transaction.
About Starlight Investments Ltd.
Starlight Investments Ltd. is a Toronto-based privately held, full service, real estate investment and asset management company that is driven by an experienced team comprised of more than 105 professionals. Starlight currently manages $4.5 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 for private investors. The company’s portfolio consists of approximately 30,500 multi-residential units across Canada and the United States and over 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