Starlight U.S. Multi-Family (No. 1) Core Plus Fund to Sell Entire Portfolio Comprising 2,219 Class "A" Institutional Quality Multi-Family Units for Approximately US$600 Million

September 10, 2021

Starlight U.S. Multi-Family (No. 1) Core Plus Fund (TSX-V:SCPO) (the "Fund") today announced that it has entered into an acquisition agreement with Sherrin U.S. Multi-Family (No. 1) Holding LP, pursuant to which Sherrin will acquire the Fund's portfolio of seven class "A" institutional quality multi-family properties totaling 2,219 units located in the United States. The transaction is valued at approximately US$600 million.

Wildeboer Dellelce LLP is acting as counsel to the Special Committee of the Fund with a team comprised of Perry Dellelce, Michael Rennie, Joel Fraser and Sarah Wahba.


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