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Starlight U.S. Residential Fund Acquires Class "A" Institutional Quality Multi-Family Property in Phoenix, Arizona Completing Full Deployment of Initial Public Offering Proceeds

Newswire.ca - Wed May 25, 2022

/Not for distribution to U.S. newswire services or for dissemination in the United States./

TORONTO, May 25, 2022 /CNW/ - Starlight U.S. Residential Fund (TSXV: SURF.A) (TSXV: SURF.U) (the "Fund") announced today that, further to its initial announcement on April 18, 2022, it has acquired a 90% interest in The Ventura at a purchase price of approximately US$117.5 million. The Ventura is a 272-suite Class "A" institutional quality multi-family property completed in 1995 and located in the Chandler submarket of Phoenix, Arizona (the "Property").

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