New Supply to be Introduced in Ontario’s Apartment Market By Starlight Investment
A real estate investment and asset management company based in Toronto has made known the closure of a forward purchase of 283 apartment units in two residential buildings newly built in the city of Ontario.
Presently managing $7 billion of multi residential and commercial properties in Canada and the United States of America, Starlight Investment declared that it has gotten the units located at Sally Creek, in 325 Lakeview Drive, Woodstock, Ontario and Paisley Square in 1042 Paisley Road, Guelph Ontario.
Starlight officials stated that together, Greenwin Inc. will manage the acquired units on – site.
“Also, Starlight hopes to finish acquiring an additional 304 apartment units in three recently constructed concrete edifice not far from Paisley Square by way of forward purchase contract within the eighteen coming months,” the company declared.
Daniel Drimmer, Starlight CEO again stated “Starlight is happy to extend its presence in Guelph and southwestern Ontario with the two more recently built luxury properties. Sally Creek and Paisley Square represent Starlight’s third and fourth multi – residential forward purchase contract acquired in recent months.”
“Together the properties show an illustration of Starlight’s vigorous pipeline of recently built properties gotten via forward purchase contract.”