Canadian Residential
Toronto – September 4, 2013 — Starlight Investments Ltd. (“Starlight”) is pleased to announce that is has completed the acquisition of River Park Towers, a multi-family complex comprised of six buildings totaling 666 units, located at 740 – 758 Kipps Lane in London, Ontario.
Located in a well established residential district close to notable schools, various parks and shopping centres, River Park Towers features on-site laundry, secured entrances with cameras, a playground, tennis/basketball courts and a courtyard.
The property will be managed on site by Metcap Property Management.
“Starlight is pleased to acquire these unique multifamily properties. River Park Towers offers convenience and comfort in one location. These properties are a great addition to our growing London area portfolio.” stated Daniel Drimmer, Chief Executive Officer.
The acquisition of these River Park Towers further strengthens Starlight’s presence in London, 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 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