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STARLIGHT U.S. RESIDENTIAL FUND COMPLETES PROPERTY REFINANCING TO STRENGTHEN LIQUIDITY PROFILE

Newswire.ca - Fri Jun 28, 4:05PM CDT

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TORONTO, June 28, 2024 /CNW/ - Starlight U.S. Residential Fund (TSXV: SURF.A) (TSXV: SURF.U) (the "Fund") previously announced the extension of the Fund's term to November 2025 in order to provide the Fund the opportunity to capitalize on anticipated improvements in the real estate investment market. The Fund announced today the completion of the refinancing of Indigo Apartments which, along with the Fund's intention to amend the Fund's credit facility ("Credit Facility") which is expected to be completed in Q3 2024, allows the Fund to enhance its liquidity position and further improve its ability to benefit from ongoing improvements in the real estate investment market.

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