foam cups

Starlight acquires four Vancouver multi-res properties

Friday, April 6, 2018

Starlight Investments announced that it has acquired four landmark concrete Vancouver apartment buildings comprised of 456 units. The acquisition of the trophy assets complements Starlight’s existing Victoria and Vancouver portfolio, which is now comprised of approximately 1,700 units in 18 concrete high-rise towers and mid-rise multi-residential buildings.

“Starlight has once again demonstrated its ability to execute its strategic plan through the recent acquisition of four highly desirable multi-residential high-rise concrete towers in Vancouver’s city centre,” said Daniel Drimmer, Starlight Investments President and Chief Executive Officer. “In the Canadian market place, an urban multi-residential real estate transaction of this magnitude and involving irreplaceable Vancouver real estate is rare. The acquisitions significantly increase our multi-residential portfolio in Vancouver and allows Starlight to recognize significant synergies created by the growing scale of our West Coast portfolio.”

1005 Jervis Street, Vancouver, British Columbia

Located at 1005 Jervis Street in Vancouver, Matthew Towers is a 19-storey concrete high-rise building comprised of 135 bachelor, one- and two-bedroom units. Matthew Towers offers residents on-site laundry, elevator access, underground and surface parking and controlled entry to the building. The property includes a state-of-the-art fitness facility, outdoor pool, sauna and an environmentally-friendly car sharing program. Matthew Towers is situated near public transit and offers access to major highways. Nearby amenities include local restaurants and nightlife, retail shops, museums and theatres. The property is in close proximity to Stanley Park and English Bay Beach and will be managed on-site by MetCap Living Management.

1501 Haro Street, Vancouver, British Columbia

Paul Plaza is a 22-storey concrete high-rise building located at 1501 Haro Street in Vancouver. The property is comprised of 144 one- and two-bedroom units and offers residents on-site laundry, elevator access, surface and underground parking, storage lockers and a state-of-the-art fitness facility with a sauna as well as an outdoor pool. Many units offer views of the mountains and the nearby Pacific ocean. Nearby amenities include retail and grocery shopping, theatres and local restaurants with access to public transit and major highways. Located in Vancouver’s West End, Paul Plaza is in close proximity to the Vancouver Harbour, Stanley Park and Canada Place. The property will be managed on-site by MetCap Living Management.

1755 Haro Street, Vancouver, British Columbia

Peter Manor is a 19-storey, 138-unit concrete high-rise located at 1755 Haro Street in Vancouver that offers residents elevator access, secure underground and surface parking, bicycle and locker storage and controlled and secure building entry, as well as a state-of-the-art fitness facility with a sauna and outdoor pool. Located within downtown Vancouver’s West End and in walking distance to public transit, Peter Manor is in close proximity to Vancouver Harbour, Vancouver Aquarium, Stanley Park and the Naval Museum at HMCS Discovery. Nearby amenities include retail and grocery shopping, local restaurants, theatres and hotels. The property will be managed on-site by MetCap Living Management.

150 East Keith Road, Vancouver, British Columbia

Monika Vista, a 12-storey property located at 150 East Keith Road, is comprised of 39 one and two bedroom units with elevator access, secured underground parking, in-suite laundry and bicycle storage. Located in North Vancouver, Monika Towers complements Starlight’s property located at 151 East Keith Road. Nearby amenities include retail and grocery shopping, community services and public green spaces. Located close to public transit, Monika Vista offers access to major highways, local theatres and the Vancouver Harbour. The property will be managed on-site by MetCap Living Management.

The acquisition of these four Vancouver apartment buildings further strengthens Starlight’s presence in urban Vancouver, demonstrates its access to investment opportunities and reflects its reputation for successfully negotiating and executing transactions.

Leave a Reply

Your email address will not be published. Required fields are marked *