Toronto-based Starlight Investments, a multi-family and commercial real estate investment and asset management firm, has bought 12 Greater Toronto Area (GTA) apartment properties.
Starlight Investments bought the properties, which include 19 buildings and 626 suites, from Akelius Canada, a subsidiary of Akelius Residential Property AB, for $176.8 million.
More so Starlight Investments said that the acquisition of these 19 buildings further enhances its presence throughout the city.
Recently, the portfolio had received around $12.5 million in structural and mechanical upgrades by Akelius Canada before the sale.