Starlight Investments announced it has completed the acquisition of 10 Ontario assets located in Ottawa, Kingston, London and Welland. In all, the acquisition brings 1,178 new units to Starlight’s residential rental portfolio.

“This is a robust portfolio and will be a strong addition to our multifamily residential platform,“ said  Daniel Drimmer, Starlight Founder and Chief Executive Officer. “Ottawa, Kingston, London and Welland are all growing communities and some of the province’s strongest markets. We are thrilled to be able to continue expanding our offerings and provide quality homes with this well-maintained portfolio.”

All 10 Ontario assets are equipped with on-site laundry and parking, while some of the properties have electric vehicle (EV) charging stations. Several of the properties include commercial retail units, providing added value for residents. The portfolio consists of low-, mid-, and high-rise buildings with a mix of layouts and sizes ranging from bachelors units to three bedrooms.

According to Starlight, all 10 Ontario assets are located in lively, thriving communities near major highways and public transport, providing residents with easy access to high-quality schools, restaurants, grocery and retail amenities.

In late August, Starlight announced it had purchased a new 120-unit purpose-built rental property in Nanaimo, BC, known as “Cascade Residences.”

For more information on these transactions, visit: https://www.starlightinvest.com/