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Cross Border News  + Apartments  |  August 14, 2025
Aerial photo of Orlando.
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By: Monte Stewart

Starlight Completes Forced US$64.7M Sale of Orlando Apartment Property

Starlight Investments has completed the forced sale of a 264-suite class A multi-family property in Orlando for US$64.7 million, the company announced.

Toronto-based Starlight had held the asset in its U.S. Residential Fund.

Built in 2017, the property’s sale proceeds will be used to fully repay its first mortgage of about US$64.2 million. The transaction leaves the fund with an estimated US$1 million in net proceeds for working capital. The mortgage matured on May 7, 2025, and the fund was unable to meet conditions to extend its term.

Despite engaging in “good-faith negotiations,” the lender declined to modify or extend the loan without a significant principal paydown, which the fund could not provide, prompting the forced sale, said Starlight.

Pictured: Orlando

Photo: Shutterstock

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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