Canadian Residential
Toronto — August 2, 2016 — Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of two multi-residential properties located at 50 Tripp Boulevard in Trenton, Ontario and 558 Durham Crescent in Woodstock, Ontario (the “Properties”).
50 Tripp Boulevard is comprised of 119 units in a 15 storey, high-rise, concrete building with on-site staff, surface and underground parking, a laundry facility, tenant storage and a fitness centre with sauna. The Property is located in a quiet residential area, with local access to schools, shopping, restaurants, Hanna Park and the Trenton River.
558 Durham Crescent is comprised of 46 units in a 6 storey concrete building with on-site staff, surface parking and laundry facility. The Property is located on a quiet cul-de-sac with access to transit. schools, shopping, Pittock Conservation Area and the Thames River.
The Properties will be managed on-site by MetCap Living.
“Starlight is pleased to continue growing its multi-residential portfolio. These strategic acquisitions further strengthen our presence in Southern Ontario,” stated Daniel Drimmer, Starlight’s Chief Executive Officer.
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 110 professionals. Starlight currently manages $6 billion of multi-residential and commercial properties for joint venture partnerships with institutional investors, Northview Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and for private investors. Starlight’s portfolio consists of approximately 32,500 multi-residential units across Canada and the United States and over 2.4 million square feet of commercial properties.
To learn more about Starlight, visit www.starlightinvest.com or contact:
Daniel Drimmer
President and Chief Executive Officer
+1 – 416-234‑8444
David Chalmers
Vice President, Asset Management
+1 – 416-234‑8444