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Starlight’s US$600 Million Apartment Deal Comes as Returns Fall, Higher Gains Taxes Proposed

Strong US Sun Belt Markets Drive Prices Up, Industry Professionals Say
La Vie SouthPark, an apartment complex in Charlotte, North Carolina, is one of the properties that Starlight is selling as part of a US$600 million deal. (CoStar)
La Vie SouthPark, an apartment complex in Charlotte, North Carolina, is one of the properties that Starlight is selling as part of a US$600 million deal. (CoStar)
CoStar News
September 14, 2021 | 1:35 AM

As buyers flood into the U.S. apartment market, hoping to capitalize on its rising rents and record-high demand, one Canadian firm is bucking the trend by shedding its core portfolio of U.S. holdings — and reaping the benefits of upbeat investor interest as a debate on higher tax rates looms.

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