Starlight Investments Ltd. Expands Downtown Toronto Portfolio
Starlight Investments Ltd. Expands Downtown Toronto Portfolio
Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a 35 unit multi-family residential building with street level retail, located at 77 Wellesley Street East in downtown Toronto, Ontario.
The property (the “Property”) is a four storey low-rise building located on the southwest corner of Church Street and Wellesley Street East. The Property is located in the heart of a vibrant and diverse neighbourhood and is within walking distance to popular retail stores, restaurants, local markets and the Wellesley TTC Station. The Property also provides convenient access to the University of Toronto and Ryerson University. Features of the Property include well-maintained, spacious one bedroom suites with skylights and on-site laundry facilities.
77 Wellesley Street, Toronto ON
The Property will be managed on site by Greenwin Property Management.
“ 77 Wellesley Street East is yet another addition to Starlight’s growing presence in the downtown Toronto core. The acquisition strengthens Starlight’s portfolio in a neighbourhood which is undergoing a significant transformation. ” stated Daniel Drimmer Starlight’s Chief Executive Officer.
The acquisition of the Property further strengthens Starlight’s presence in downtown Toronto, demonstrates Starlight’s access to investment opportunities and reflects Starlight’s 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 Canadian multi-residential and commercial properties for a joint venture partnership with an institutional investor, True North Apartment REIT, True North Commercial REIT, Starlight U.S. Multi Family Core Funds and for 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:
Daniel Drimmer
President and Chief Executive Officer
416-234-8444
David Chalmers
Vice President, Asset Management
416-234-8444
