Starlight Investments

Starlight U.S. Multi-Family (No. 1) Value-Add Fund

Starlight U.S. Multi-Family (No. 1) Value-Add Fund (the “Fund”) was established in June 2017 to indirectly acquire, own and operate a portfolio primarily comprised of value-add income-producing multi-family real estate properties constructed in 2000 or newer that can achieve significant increases in rental rates as a result of undertaking high return, light value-add capital expenditures and active asset management and are located primarily in the States of Arizona, Colorado, Florida, Georgia, Nevada, North Carolina, Tennessee and Texas.

The Fund is a “closed-end” limited partnership, sponsored and managed by Starlight Investments. The Fund’s Class A and Class U Units are listed on the TSX Venture Exchange and trade under the symbols SUVA.A and SUVA.U, respectively.

The Fund has a 3-year investment horizon, with two one-year extensions available.

STABLE MONTHLY CASH DISTRIBUTIONS

The primary objective of the Fund is to generate stable monthly cash distributions for its unitholders and to enhance the value of its assets through active management prior to disposition. The Fund offers an annual, pre-tax distribution target yield of 6% across all unit classes, and targets a minimum 14% pre-tax, investor internal rate of return across all unit classes upon disposition of the properties. Canadian dollar distributions are hedged.

TSXV: SUVA.A

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TSXV: SUVA.U

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Property Info

Corporate Profile

Public Filings

Press Releases

Spectra South

Spectra South is located approximately 32 kilometres north of downtown Phoenix at 20425 North 7th Street, Phoenix, Arizona. The property is comprised of 360 apartment suites ranging in size from one to three bedrooms. The complex consists of 19, three storey garden-style apartments on a 11.4 acre site.



The Landing at Round Rock

The Landing at Round Rock is located approximately 30 kilometres north of downtown Austin at 7711 O’Connor Road, Round Rock, Texas. The property is comprised of 583 apartment suites ranging in size from one to four bedrooms. The complex consists of 44, three storey garden-style apartments on a 33.21 acre site.



LISTING DATE: June 16, 2017

BOARD OF DIRECTORS AND AUDIT COMMITTEE:

  • Daniel Drimmer
  • Harry Rosenbaum (Independent)
  • Graham Rosenberg, Lead director (Independent)

EXECUTIVE OFFICERS:

  • Daniel Drimmer, Chief Executive Officer
  • Evan Kirsh, President
  • Martin Liddell, Chief Financial Officer
  • David Hanick, Corporate Secretary

UNIT CLASSES

  • Class A: Canadian dollar, TSX Venture Exchange listed (TSX-V: SUVA.A), convertible into Class D
  • Class C: Canadian dollar unlisted, convertible into Class A
  • Class D: Canadian dollar unlisted, convertible into Class A
  • Class E: U.S. dollar unlisted, convertible into Class U
  • Class F: Canadian dollar unlisted, convertible into Class A
  • Class H: Canadian dollar unlisted, hedged, convertible into Class A
  • Class U: U.S. dollar, TSX Venture Exchange listed (TSX-V: SUVA.U), convertible into Class E

Starlight U.S. Multi-Family (No. 1) Value-Add Fund Final Prospectus 2017-06-13

STARLIGHT U.S. MULTI-FAMILY (NO. 1) VALUE-ADD FUND ANNOUNCES COMMENCEMENT OF TRADING, FIRST DISTRIBUTION PERIOD AND CONVERSION RATIOS 2017-06-21

STARLIGHT U.S. MULTI-FAMILY (NO. 1) VALUE-ADD FUND COMPLETES SUCCESSFUL INITIAL PUBLIC OFFERING AND RAISES APPROXIMATELY C$86.1 MILLION 2017-06-16

STARLIGHT U.S. MULTI-FAMILY (NO. 1) VALUE-ADD FUND COMPLETES ACQUISITION OF INITIAL PROPERTIES 2017-06-16

STARLIGHT U.S. MULTI-FAMILY (NO. 1) VALUE-ADD FUND FILES INITIAL PUBLIC OFFERING FINAL PROSPECTUS, SETS CLOSING DATE FOR OFFERING, AND ANNOUNCES RECEIPT OF EXPRESSIONS OF INTEREST AND COMMITMENTS EXCEEDING US$56.0 MILLION 2017-06-13

STARLIGHT U.S. MULTI-FAMILY (NO. 1) VALUE-ADD FUND FILES PRELIMINARY PROSPECTUS FOR MAXIMUM US$112 MILLION INITIAL PUBLIC OFFERING 2017-05-03

Disclaimer: The information provided on this Website is derived from sources that Starlight Group Property Holdings Inc. believes are reliable. However, Starlight Group Property Holdings Inc. does not guarantee the accuracy of the information, nor do we assume any responsibility or liability whatsoever for publishing it herein. This Website is not to be construed as a form of promotion, an offer to sell securities nor as a solicitation to purchase our securities. This Website has been produced as a source of general information only.