TORONTO, Nov. 8, 2019 /CNW/ - Continuum Residential Real Estate Investment Trust (the "REIT"), an affiliate of Q Management LP, and Starlight Investments ("Starlight") today announced they have entered into an agreement (the "Purchase Agreement") whereby Starlight will acquire the REIT's multi-residential portfolio (the "Portfolio") for a gross purchase price of $1.732 billion or a value of $20.10 per trust unit ("Unit") of the REIT (the "Transaction"). The Portfolio is comprised of 44 high-rise concrete buildings located primarily in the Greater Toronto Area and contains 6,271 rental suites.