Starlight U.S. Residential Fund to Acquire Class "A" Institutional Quality Property in Phoenix, Arizona Comprising 272 Multi-Family Residential Suites

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TORONTO, April 18, 2022 /CNW/ - Starlight U.S. Residential Fund (TSXV: SURF.A) (TSXV: SURF.U) (the "Fund") announced today that it has entered into an agreement to acquire a 90% interest in The Ventura, a 272-suite Class "A" institutional quality multi-family property completed in 1995 and located in the Chandler submarket of Phoenix, Arizona (the "Acquisition").