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Canada  + Ontario + Pacific Canada  + Apartments  | 
Starlight Investments is selling a 26-property Canadian multi-family real estate portfolio.

Starlight Selling 26-Property MF Portfolio

Starlight Investments is selling a 26-property Canadian multi-family real estate portfolio.

The assets are currently listed for sale, a company spokeswoman told Connect.

The properties are located in eight Ontario and B.C. markets and comprise 2,643 rental units. Toronto-based Starlight has retained TD Cornerstone Commercial Realty and CIBC WM Real Estate to facilitate the sale.

Most of the units are located in secondary markets, with the exceptions of Toronto, including its suburb of Mississauga, and North Vancouver, which is part of the Metro Vancouver marketplace.

The Toronto component covers 12 properties with 775 units altogether, while the Mississauga portion includes two properties comprising 324 suites. The North Vancouver segment has one property with 57 units.

The remaining properties are located in the Ontario cities of Hamilton, Kitchener, Waterloo, and Guelph as well as Nanaimo, B.C.

Pictured: Starlight Investments apartment building in Kitchener, Ont., being sold as part of a 26-property portfolio sale.

Photo: Courtesy of Starlight Investments


Inside The Story

Starlight Investments

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.

  • ◦Sale/Acquisition
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