Canadian Residential
Toronto – July 4, 2013 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of two multi-family properties situated in Southwestern Ontario (‘The Properties”).
The Properties consist of two mid-rise buildings located at 64 Roehampton Avenue in St. Catharines and 7 – 11 Manhattan Court in Guelph. The Properties were originally constructed in 1978 and comprise a total of 170 suites, the majority of which are one bedroom units. Features of the Properties include access to public transit, nearby hospitals, notable schools, various parks and amenities in addition to affordable laundry facilities, secured entry and parking.
The Properties will be managed by Berkley Property Management Inc.
“We are very excited to add these properties to our portfolio. Acquiring these properties in Southwestern Ontario deepens Starlight’s penetration into this geographic region.” explained Daniel Drimmer, Starlight’s Chief Executive Officer.
The acquisition of the Properties further strengthens Starlight’s presence in St. Catherines and Guelph, demonstrates its access to investment opportunities and reflects Starlight’s 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