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Exterior of garden apartments The newly built Parkhouse apartment complex is located in Denver’s northern corridor.

TORONTO—Starlight Investments, which already manages some 11,000 apartment units in the US, said Tuesday it had partnered with two Canadian institutions on a venture to acquire $1.3 billion of class A multifamily across the Southeast and Southwest. The partnership between Starlight, the Public Sector Pension Investment Board and the Alberta Investment Management Corp. (AIMCo) has launched its acquisition program with Parkhouse Apartment Homes, a newly constructed property in Denver. Deal terms were not disclosed.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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