Toronto – February 1, 2013 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of two multi-family properties situated in Guelph, Ontario.
The properties consist of two attached low-rise buildings. They were originally constructed in 1974 and comprise a total of 29 suites, equally divided into one and two bedroom units. Features of the properties include close proximity to schools including the University of Guelph, parks and major retail amenities in addition to affordable laundry facilities, balcony access, secured entry and parking.
The properties will be managed on-site by Berkley Property Management.
“The Wilsonview acquisition is another example of Starlight’s commitment to disciplined growth. We are pleased to strengthen our presence in Southwestern Ontario,” commented Daniel Drimmer, Chief Executive Officer.
The acquisition of the properties further strengthens Starlight’s presence in Guelph, demonstrates its access to investment opportunities and reflects its reputation for successfully negotiating and executing transactions.
About Starlight Investments Ltd.
Starlight is a 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 including True North Apartment REIT and True North Commercial REIT 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