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Deal By Owner of Thousands of US, Canada Apartments for $1.7 Billion Cancels Major IPO

Starlight's Purchase of Continuum Residential Marks Largest Sale of Year for Canada
Montfort Manor in suburban Ottawa is one of 44 multifamily buildings in a portfolio being purchased by Starlight Investments. (CoStar)
Montfort Manor in suburban Ottawa is one of 44 multifamily buildings in a portfolio being purchased by Starlight Investments. (CoStar)
CoStar News
November 8, 2019 | 11:12 P.M.

It was the only Canadian initial public offering in the real estate industry set for this year, and Starlight Investments has taken it off the board with a more than $1.7 billion deal to buy Continuum Residential Real Estate Investment Trust.

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