Starlight Investments Launches New Canadian Multi-Family Core Fund with CIBC Partnership
On June 24, 2025, Starlight Investments, a prominent real estate investment firm based in Toronto, unveiled an exciting new venture: the Starlight Canadian Core Multi-Family Fund. This open-ended investment fund aims to build a diversified portfolio of high-quality, revenue-generating multi-family rental housing, strategically focusing on urban markets across Canada.
The launch is bolstered by an impressive initial capital investment of CAD 415 million from funds managed by CIBC Asset Management Inc., enabling the fund to pursue acquisitions totaling approximately CAD 750 million in purpose-built rental housing. This highlights the increasing demand for multi-family living options in key Canadian markets.
Starlight Investments has been recognized as a leading entity in the multi-family real estate sector in Canada, managing a substantial portfolio that includes over 70,000 multi-residential suites and more than 7 million square feet of commercial space. With this new fund, Starlight aims to leverage its robust experience of over 30 years to offer institutional-quality asset management services, ensuring consistent performance and stability for its investors.
The investment strategy focuses primarily on acquiring both newly constructed properties and those that have undergone significant renovations in larger metropolitan areas, with special emphasis on regions like Toronto, the Golden Horseshoe in Ontario, Vancouver, and Victoria, as well as other major cities including Calgary, Edmonton, Ottawa, Montreal, and Halifax.
Daniel Drimmer, the founder and CEO of Starlight Investments, remarked, "We are thrilled to announce our strategic partnership with CIBC Global Asset Management to deliver a premier Canadian multi-family investment offering. The Fund is meticulously designed to provide investors with a robust institutional-quality portfolio that generates stable income, underpinned by strong sector fundamentals."
CIBC Global Asset Management plays a crucial role in this collaboration, leveraging their expertise in asset management and a vast network to ensure successful investment outcomes. Eric Bélanger, Executive Vice President and Head of CIBC Global Asset Management, noted, "Investors today are increasingly looking for alternative investment opportunities beyond publicly traded securities. The private real estate sector continues to provide solid diversification and attractive risk-adjusted returns, making this partnership particularly valuable."
The Starlight Canadian Core Multi-Family Fund not only aims to meet the growing demand for rental housing in Canada but is also designed to serve the interests of both institutional investors and accredited individual investors. With the potential for further growth through additional capital infusions, the Fund epitomizes a forward-thinking investment approach that speaks to the needs of modern investors seeking stability in turbulent times.
As Starlight Investments embarks on this significant venture, it upholds its mission of balancing a storied history with innovative strategies that generate positive impacts for both investors and the community. The firm’s commitment to sustainability and responsible investing is central to its operations, promising to create lasting value.
For more information about the Starlight Canadian Core Multi-Family Fund and its investment goals, interested parties are encouraged to visit Starlight Investments Website and connect with the firm on LinkedIn.
The launch is bolstered by an impressive initial capital investment of CAD 415 million from funds managed by CIBC Asset Management Inc., enabling the fund to pursue acquisitions totaling approximately CAD 750 million in purpose-built rental housing. This highlights the increasing demand for multi-family living options in key Canadian markets.
Starlight Investments has been recognized as a leading entity in the multi-family real estate sector in Canada, managing a substantial portfolio that includes over 70,000 multi-residential suites and more than 7 million square feet of commercial space. With this new fund, Starlight aims to leverage its robust experience of over 30 years to offer institutional-quality asset management services, ensuring consistent performance and stability for its investors.
The investment strategy focuses primarily on acquiring both newly constructed properties and those that have undergone significant renovations in larger metropolitan areas, with special emphasis on regions like Toronto, the Golden Horseshoe in Ontario, Vancouver, and Victoria, as well as other major cities including Calgary, Edmonton, Ottawa, Montreal, and Halifax.
Daniel Drimmer, the founder and CEO of Starlight Investments, remarked, "We are thrilled to announce our strategic partnership with CIBC Global Asset Management to deliver a premier Canadian multi-family investment offering. The Fund is meticulously designed to provide investors with a robust institutional-quality portfolio that generates stable income, underpinned by strong sector fundamentals."
CIBC Global Asset Management plays a crucial role in this collaboration, leveraging their expertise in asset management and a vast network to ensure successful investment outcomes. Eric Bélanger, Executive Vice President and Head of CIBC Global Asset Management, noted, "Investors today are increasingly looking for alternative investment opportunities beyond publicly traded securities. The private real estate sector continues to provide solid diversification and attractive risk-adjusted returns, making this partnership particularly valuable."
The Starlight Canadian Core Multi-Family Fund not only aims to meet the growing demand for rental housing in Canada but is also designed to serve the interests of both institutional investors and accredited individual investors. With the potential for further growth through additional capital infusions, the Fund epitomizes a forward-thinking investment approach that speaks to the needs of modern investors seeking stability in turbulent times.
As Starlight Investments embarks on this significant venture, it upholds its mission of balancing a storied history with innovative strategies that generate positive impacts for both investors and the community. The firm’s commitment to sustainability and responsible investing is central to its operations, promising to create lasting value.
For more information about the Starlight Canadian Core Multi-Family Fund and its investment goals, interested parties are encouraged to visit Starlight Investments Website and connect with the firm on LinkedIn.
Topics Financial Services & Investing）
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