Toronto – March 3, 2014 - Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of an 88 suite multi-family building located at 151 Keith East Road in North Vancouver, British Columbia (the “Property”). The Property is a fifteen storey high-rise located in close proximity to the vibrant historical waterfront neighbourhood of North Vancouver and within walking distance to a wide range of retail amenities, community services, and public transportation. The Property also offers convenient access to Downtown Vancouver. Features of the Property include one and two bedroom suites with panoramic water views of Vancouver’s coastline, on-site laundry and indoor parking.
The Property will be managed on site by Larlyn Property Management.
“We are pleased to increase our presence in British Columbia. 151 Keith East Road is an exceptionally well-maintained property situated in a beautiful waterfront neighbourhood of North Vancouver.” Stated Daniel Drimmer, Chief Executive Officer.
The acquisition of the Property further strengthens Starlight’s presence in British Columbia, demonstrates its access to investment opportunities and reflects its reputation for successfully negotiating and executing transactions.
About Starlight Investments Ltd.
Starlight Investments Ltd. is a Toronto-based privately held real estate investment and asset management company that is driven by an experienced team comprised of more than 90 professionals. Starlight currently manages $3.5 billion of multi-residential and commercial properties for joint venture partnerships with an institutional investors, True North Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and private investors. The company’s portfolio consists of approximately 27,000 multi-residential units across Canada and the United States and nearly 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