BGO and Starlight Investments announced they have jointly acquired a newly developed multifamily residential property located in Pickering, Ontario. The 12-storey, 227-suite rental apartment, named Fourteen75, represents the fifth joint venture transaction for both firms totaling more than $600 million in AUM to date since the formation of their partnership in 2021.
“BGO’s partnership with Starlight Investments has grown to impressive new heights with the latest acquisition of this newly-developed property that we believe will benefit from significant and growing demand for high-quality purpose-built rental living,” said Simon Holmes, Managing Partner and Chief Investment Officer, BGO. “Fourteen75 has seen robust demand from a wide variety of renters seeking a modern, highly amenitized rental community with professional management in a location that boasts tremendous proximity to major transportation and shopping destinations.”
“We are pleased to expand our multifamily portfolio to the rapidly growing City of Pickering,” added Heather Kane, Executive Vice President, Asset Management, Canadian Residential at Starlight Investments.“This exceptional residence, with its modern design and attractive location, presents convenient, comfortable, high-quality homes that are suitable for both individuals and families.”
Fourteen75, located at 1475 Whites Road North in Pickering, offers a range of premium open-concept one-bedroom, two-bedroom and three-bedroom layouts with modern finishes, in-suite laundry, stainless-steel kitchen appliances and private balconies. The residence features extensive surface-level and underground parking for residents, electric vehicle charging stations, bike racks, storage lockers and amenities such as a spacious party room, games room, fully equipped fitness centre, children’s playground and outdoor BBQ area.
Completed in 2024, residents have access to numerous local amenities including restaurants, grocery stores and a variety of retail shops while the shores of Lake Ontario and Frenchman’s Bay are only minutes away. The building is also a 5-minute walk to Whites Road Shopping Centre and has convenient transportation connections to major highways, GO Transit and Durham Region Transit.
