Toronto — April 7, 2016 — Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of four multi-residential properties located at 12 & 14 Rusholme Drive and 18 & 20 Skipton Court in Toronto, Ontario (the “Properties”).
12 & 14 Rusholme Drive are comprised of 51 units in two, 3.5 storey buildings with surface parking, a laundry facility and tenant storage. These properties are located in a highly coveted quiet residential area, close to downtown Toronto with local access to transit. shopping, restaurants, recreation facilities and parks.
18 & 20 Skipton Court are comprised of 80 units in two, 4 storey buildings with garage and surface parking, on-site laundry facility and tenant storage. These properties are located on a quiet cul-de-sac close to Downsview Airport with access to transit, parks, schools and Yorkdale Shopping Centre.
The Properties will be managed on-site by Cogir Management Corporation.
“Starlight is pleased to continue growing its multi-residential portfolio. These strategic acquisitions further strengthen our Greater Toronto Area presence,” stated Daniel Drimmer, Starlight’s 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 110 professionals. Starlight currently manages $5.3 billion of multi-residential and commercial properties for joint venture partnerships with institutional investors, Northview Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and for private investors. Starlight’s portfolio consists of approximately 32,500 multi-residential units across Canada and the United States and over 2.3 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