starlightinvest.com
VICTORIA – Starlight Investments has acquired a 22-unit apartment building at 2902 Washington Avenue in Victoria.
“We are pleased to further expand our presence in this vibrant and stable market,” states Starlight President and CEO Daniel Drimmer. “This acquisition is a great example of our residential strategy to continue targeting mid-tier residential properties in fast-growing communities with strong rental markets.”
This 4-storey Washington Avenue building is comprised of 21 one- bedroom units and one two-bedroom unit for a total of 22 units. Will be professionally managed by Devon Properties.
Based in Toronto, Starlight Investments is a privately held, full service, multi-family and commercial real estate investment and asset management company that currently manages over $25.0 billion of direct real estate as well as real estate investment securities.
Investment vehicles include institutional joint ventures, True North Commercial REIT, Starlight U.S. Multi-Family Funds, the Northview Canadian High Yield Fund and Starlight Capital Funds. Starlight Investment’s portfolio consists of approximately 73,000 multi- residential units across Canada and the U.S. and over 8.0 million square feet of commercial properties.
