Canadian Residential
Toronto – October 15, 2013 — Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a multi-family complex of 35 units, located at 915 44th Street SE in Calgary, Alberta (the “Property”).
The Property is a two-storey low rise residential building located in the vibrant Forest Lawn District of Calgary offering professional on-site building management, laundry facilities and ample parking. The Property’s ideal location provides easy access to neighbourhood schools, various parks, shopping facilities and public transportation.
The property will be managed on-site by Larlyn Property Management.
“We are pleased to acquire Starlight’s first property in Calgary, Alberta. This multi-family complex is a fantastic addition and diversifies our ever growing portfolio.” stated Daniel Drimmer Chief Executive Officer.
The acquisition of the Property establishes Starlight’s presence in Calgary, 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:
Daniel Drimmer
President and Chief Executive Officer
+1 – 416-234‑8444
ddrimmer@starlightinvest.com
David Chalmers
Vice President, Asset Management
+1 – 416-234‑8444
dchalmers@starlightinvest.com