Canadian Residential
Toronto – December 9, 2013 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a 169 unit multi-family complex, located at 100 Dundas Street East in Mississauga, Ontario (“The Property”).
The Property is a thirteen storey high-rise located near the city centre, only minutes away from the popular Square One Shopping Centre. The Property’s location provides convenient access to neighbourhood schools and parks, and is just minutes from Highway 401, the Queen Elizabeth Way (QEW) and Highway 403. Features of the Property also include an in-ground pool, beautiful glass balconies, indoor and outdoor parking, and secured entrances with cameras. The Property will be managed on site by Berkley Property Management.
“100 Dundas Street is a centrally situated property with a strong tenant base and aligns well with our current portfolio in the city of Mississauga.” stated Daniel Drimmer, Starlight’s Chief Executive Officer.
The acquisition of this Property further strengthens Starlight’s presence in Mississauga, 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