Institutional Partnerships

 

Investment Vehicles
Institutional Partnerships
Assets Under Management

$900M

Multi-Family Suites

8201

Properties

25

Number of Markets

9

Investment Highlights

Starlight U.S. Multi-Family’s institutional platform was launched in 2015 through a partnership with a Canadian institution. Since inception, the Starlight U.S. Multi-Family institutional platform has expanded to include a prominent Canadian family office, a large Middle Eastern institution, and three significant Canadian institutions including the 2017 partnership with two Canadian institutions for the acquisition of U.S.$1.3 billion of Class “A” multi-family real estate in the southern United States.

 

Strategy

Starlight U.S. Multi-Family’s institutional platform capitalizes on each of its Core, Core Plus and Value-Add strategies.
Active Asset Management
  • Active, continuous revenue management
  • Reduce operating expenses
  • Renovate suites and common areas to attract rental premiums
  • Identify ancillary revenue opportunities
Core and Core Plus Program

The core and core plus strategy is to capitalize on historically low vacancy and strong demographic trends in targeted geographic locations experiencing compelling population growth, employment growth and lifestyle preferences. Selected multi-family communities are recently constructed, Class “A”, institutional quality that are located in the southern United States. The core and core plus strategy also includes active asset management utilizing reputable best-in-class U.S.-based property managers to implement net operating income growth by maximizing rental rates and ancillary revenue opportunities with rigorous operational controls to manage and reduce costs.

Target Markets
  • Southern United States
  • Major markets with +1M populations
  • Suburban markets with strong job, economic and population growth
  • Strategically located
Target Assets
  • Class "A" institutional quality
  • Garden-style
  • Resort amenities
  • Built in 2008 or newer
Active Asset Management
  • Increase revenue through rental maximization
  • Reduce operating expenses
  • Renovate selected suites and common areas to attract rental premiums
  • Identify ancillary revenue opportunities
Value Add Program

The value-add strategy is focused on achieving increases in rental rates through targeted high return, light value-add capital expenditures to rental suites, clubhouses and amenities in selective geographic locations experiencing compelling population growth, employment growth and lifestyle preferences. Selected multi-family communities are Class “A”, institutional quality that are located in the southern United States built in 1990 or later.  The value-add strategy also includes active asset management utilizing reputable best-in-class U.S.-based property managers to implement net operating income growth through by and maximizing rental rates and ancillary revenue opportunities with rigorous operational controls to manage and reduce costs.

Target Markets

  • Southern United States
  • Major markets with +1M populations
  • Suburban sub-markets with strong job, economic and population growth
  • Strategically located
Target Assets

  • Class "A", institutional quality
  • Garden-style
  • Resort amenities
  • Built in 2000 or newer
Active Asset Management
  • Complete light-value add capital expenditures to suites, clubhouses and amenities to attract rental premiums
  • Increase revenue through rental maximization
  • Reduce operating expenses
  • Seek and identify ancillary revenue opportunities
EXECUTIVE OFFICERS:
  • Daniel Drimmer, Chief Executive Officer
  • Evan Kirsh, President
  • Martin Liddell, Chief Financial Officer
  • David Hanick, Chief Legal Officer