NEW PLAYER FROM CANADA MAKES FIRST VALLEY DEAL: $91.2 MILLION FOR 634 APARTMENTS

Starlight Investments Ltd. of Toronto, Ontario, Canada (Daniel Drimmer, CEO) has entered the Valley real estate market with the $91.2 million purchase ($143,849 per unit blended average) of 634 apartments in two north Phoenix projects. The sellers in two transactions were companies formed by Trillium Residential LLC in Phoenix (Jamie Dawson, Ken Losch, principals). Developed…