Toronto – March 19, 2015 – Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a multi-residential portfolio totaling 147 suites located in Dundas and Hamilton, Ontario comprised of ten well maintained low-rise buildings (the “Portfolio”). The Portfolio offers a range of suite sizes and will be managed on-site by The DMS Group.
40 McKay Road and 89 & 99 York Road are situated in a well-established and friendly neighborhood of Dundas, Ontario with access to green spaces and parks. The properties are in close proximity to a wide range of amenities including retail stores, schools and public transportation.
229, 231 Hess Street South, 236 Duke Street, 832 King Street, 1797 Main Street West, 142 Caroline Street South and 155 Bold Street are located in a desirable residential Hamilton, Ontario neighbourhood.
Residents will find performing arts centres, music venues, sports and recreational facilities as well as retail shops a short distance away making this an ideal location for young professionals and families. Additionally, public transportation is conveniently located within walking distance and the properties are situated with access to Highway 403.
“Starlight is extremely pleased to continue executing on its Southern Ontario acquisition strategy. The addition of these properties further strengthens our growing portfolio in the region,” stated Daniel Drimmer, 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 105 professionals. Starlight currently manages
$4.5 billion of multi-residential and commercial properties for joint venture partnerships with institutional investors, True North Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and for private investors. The company’s portfolio consists of approximately 30,500 multi-residential units across Canada and the United States and over two million square feet of commercial properties.
To learn more about Starlight, visit www.starlightinvest.com or contact:
President and Chief Executive Officer
+1 – 416-234‑8444
Vice President, Asset Management
+1 – 416-234‑8444