Starlight, Blackstone buy Toronto, Montréal multi-family properties
Starlight Investments and Blackstone Property Partners (BPP) have formed a joint venture to acquire a portfolio of six multi-family properties in Toronto and Montréal. No financial terms were released. The portfolio reflects a mix a high-, mid- and low-rise concrete buildings consisting of some 746 units. The partnership with Starlight marks the first investment in Canadian multi-family real estate by BPP, an affiliate of U.S. private equity firm Blackstone Group. Based in Toronto, Starlight is a real estate investment and asset management firm.
28 June 2018•2 mins read
