Investors - JULY 27, 2017

Starlight Investments announces JV to acquire $1.3b U.S. apartment properties

by Released

Starlight Investments has formed a partnership with two globally recognized institutional investors to identify and acquire $1.3 billion of recently constructed, class A, garden style, multi-family properties in Atlanta, Georgia, Austin and Dallas, Texas, Denver, Colorado, Orlando and Tampa, Florida and Phoenix, Arizona.

The partnership will target the acquisition of recently constructed communities in the suburban markets of select major U.S. cities constructed in 2012 or later. Specifically, the partnership will target submarkets within high-growth cities that demonstrate superior rental income growth potential due to positive multi-family dynamics including compelling population, economic and employment growth.

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