It was brought to light that a forward purchase of 283 apartment units will be closed down and reconstructed into two newly established buildings purposely for residential apartments in Ontario by Starlight Investments; a real estate investment and asset management company based in Toronto.
The company has a wide range network of real estate professionals and has charge over $7 billion of multi-residential and commercial asset within Canada and the United States. They also have ownership over units located at Sally Creek in 325 Lakeview Drive, Woodstock, Ontario as well as at Paisley Square in 1042 Paisley Road, Guelph, Ontario. Personnel at Starlight hope that the procurement will be handled personally by Greenwin Inc.
The company also mentioned; “In addition, Starlight expects to complete the acquisition of an additional 304 apartment units in three newly constructed concrete buildings adjacent to Paisley Square by way of forward purchase contract over the next eighteen months.”
Daniel Drimmer further said; “Starlight is pleased to expand its presence in Guelph and Southwestern Ontario with the addition of two newly constructed luxury properties. Sally Creek and Paisley Square represent Starlight’s third and fourth multi-residential forward purchase contract acquisitions in recent months. Together, the Properties exemplify Starlight’s robust pipeline of newly constructed properties acquired by way of forward purchase contract.”