Continuum Residential Real Estate Investment Trust to Sell 44 Building High-Rise GTA Portfolio to Starlight Investments for $1.732 Billion

November 08, 2019

Continuum Residential Real Estate Investment Trust (the "REIT"), an affiliate of Q Management LP, and Starlight Investments ("Starlight") announced they have entered into an agreement whereby Starlight will acquire the REIT's multi-residential portfolio for a gross purchase price of $1.732 billion or a value of $20.10 per trust unit of the REIT. The Portfolio is comprised of 44 high-rise concrete buildings located primarily in the Greater Toronto Area and contains 6,271 rental suites.

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