Quick Update - Starlight Investments Acquires 4 Mid Rise Rental Buildings in Esquimalt and Victoria
In the November 2021st issue of the WBRA Newsletter we included an article by Beth Burton-Krahn regarding Real Estate Investment Trusts or “REITS” moving away from the condo market into the rental real estate market.
Starlite Investments is one such REIT. Starlight recently announced that it had completed acquisition of four mid-rise concrete rental apartment buildings totaling 213 units in Greater Victoria. The Esquimalt/Vic West properties are located at 1007 Esquimalt Road, 1160 Esquimalt Road and 820 Craigflower Road, with a forth located in the Oaklands area.
Starlight boasts 9,500 multi-family suites under management in Western Canada with a value of approximately 3.2 billion dollars.