Tricon Completes Acquisition of 23 Property, ~7,300 Unit U.S. Multi-family Portfolio for Approximately US$1.4 BillionJune 11, 2019
Tricon Capital Group Inc. (TSX:TCN) and Starlight U.S. Multi-Family (No. 5) Core Fund (TSXV: STUS.A, STUS.U) (the “Fund”) today announced that Tricon has completed the acquisition of all of the issued and outstanding limited partnership units of the Fund in an all-share transaction, resulting in the acquisition of the Fund’s portfolio of 23 multi-family properties totaling approximately 7,300 units located primarily in U.S. Sun Belt states. The transaction was valued at approximately US$1.4 billion.
Wildeboer Dellelce LLP acts as counsel to the Special Committee of the Fund with a team comprised of Perry Dellelce, Rob Wortzman, Michael Rennie and Joel Fraser (corporate/securities).