OUR HISTORY IS ONE OF IDENTIFYING OPPORTUNITIES AND UNLOCKING VALUE
Starlight U.S. Residential is comprised of industry leaders with a track record of creating long-term investor value. Our strong executive team has over 100 years of experience, each bringing a unique perspective in the asset management, acquisition, disposition, financing and operation of United States multi-family real estate. It enables us to consistently deliver superior results and support our investors achieve their goals.
2021
- Launched Starlight U.S. Residential Fund, a publicly listed closed-end limited partnership, raising U.S.$250M in equity to acquire multi-family and single-family assets. The Residential Fund was seeded with a portfolio of U.S.$350M
- Starlight U.S. Multi-Family (No. 1) Core Plus Fund is sold to Sherrin U.S. Multi-Family (No. 1) Holding LP for approximately U.S.$600M delivering a return of approximately 30% to investors
- Starlight U.S. formed the U.S.$2.0B Sherrin Partnership with two global institutional investors to target Multi-Family real estate in the Sunbelt and Mountain markets of the United States. The Partnership acquired two funds, comprising of U.S.$1.3B in real estate, and also committed to at least another U.S.$700M in new acquisitions
- Building on its Core Plus strategy, Starlight U.S. Multi-Family (No. 2) Core Plus Fund is launched and listed on the TSX Venture Exchange
2020
- Starlight and the Clearwater Partnership acquire Starlight U.S. Multi-Family (No.1) Value-Add Fund for U.S.$240M, generating a return for investors of approximately 21%
- Continuing its U.S. expansion and strategy diversification, Starlight U.S. Multi-Family (No. 1) Core Plus Fund is launched and listed on the TSX Venture Exchange
2019
- Starlight U.S. Multi-Family (No. 5) Core Fund is sold to Tricon Capital Group for U.S.$1.4B delivering a return of approximately 30% to investors
2018
- Completion of strategic U.S.$920.5M debt refinancing for Starlight U.S. Multi-Family (No. 5) Core Fund
2017
- An Institutional Partnership is formed with PSP and AIMCo for the acquisition of U.S.$1.3B of Southern U.S., class “A” Core Multi-Family real estate
- Expanding on its U.S. Strategy, Starlight U.S. Multi-Family (No. 1) Value-Add Fund is launched, a publicly listed closed-end limited partnership listed on the TSX Venture Exchange
2016
- To provide investors with diversification and scale, Starlight merges the four preceding U.S. Multi-Family Core Funds and in conjunction raises a fifth Fund. The merged entity is renamed to Starlight U.S. Multi-Family (No. 5) Core Fund and is listed on the TSX Venture Exchange
2015
- Launch of Starlight U.S. Multi-Family (No. 4) Core Fund, a publicly listed closed-end limited partnership
- Starlight creates a Joint Venture with a Canadian pension fund to acquire Core Multi-Family assets in Canada and the U.S.
2014
- Launch of Starlight U.S. Multi-Family (No. 3) Core Fund, a publicly listed closed-end limited partnership
2013
- Starlight U.S. Multi-Family business line is formed, with a focus on the high growth Sunbelt and Mountain markets
- Launch of Starlight U.S. Multi-Family (No. 1) Core Fund, a publicly listed closed-end limited partnership
- Launch of Starlight U.S. Multi-Family (No. 2) Core Fund, a publicly listed closed-end limited partnership