VICTORIA – Starlight Investments acquired a 22-unit building at 2902 Washington Avenue in Victoria.
“We are excited to further expand our presence in this dynamic and stable market,” said Starlight’s President and CEO. Daniel Drimmer. “This acquisition is a great example of our residential strategy to continue to target mid-range residential properties in fast-growing communities with strong rental markets.”
This 4-story building on Washington Avenue features 21 one-bedroom units and one two-bedroom unit for a total of 22 units. Will be professionally managed by Devon Properties.
Toronto-based 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 in direct real estate as well as real estate investment securities.
Investment vehicles include institutional joint ventures, True North Commercial REIT, Starlight American Multi-Family Funds, the Northview Canadian High Yield Fund and Starlight Capital Funds. Starlight Investment’s portfolio includes approximately 73,000 multi-residential units in Canada and the United States and over 8.0 million square feet of commercial properties.