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

TSXV: SUVA.A

$0
Volume
52 Week High
52 Week Low
 

As of Date

TSXV: SUVA.U

$0
Volume
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52 Week Low
 

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TSXV: SUVA.A

$0
Volume
52 Week High
52 Week Low
 

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TSXV: SUVA.U

$0
Volume
52 Week High
52 Week Low
 

As of Date

Investment Vehicles
Starlight U.S. Multi-Family (No. 1) Value-Add Fund
Assets Under Management

$300M

Multi-Family Suites

1193

Properties

3

Number of Markets

3

Investment Highlights

Starlight U.S. Multi-Family (No. 1) Value-Add Fund was established in June 2017 to indirectly acquire, own and operate a portfolio primarily comprised of value-add income-producing Class "A", institutional quality multi-family real estate properties constructed in 2000 or newer, located in the southern United States.

Strategy

The Fund’s value-add strategy is focused on achieving increases in rental rates through selective high return, light value-add capital expenditures to rental suites, clubhouses and amenities in targeted geographic locations experiencing compelling population growth, employment growth and lifestyle preferences. The value-add strategy also includes active asset management utilizing reputable best-in-class U.S.-based property managers to implement net operating income growth by maximizing rental rates and ancillary revenue opportunities with rigorous operational controls to manage and reduce costs.

Target Markets

  • Southern United States
  • Major markets with +1M populations
  • Suburban sub-markets with strong job, economic and population growth
  • Strategically located
Target Assets

  • Class "A", institutional quality
  • Garden-style
  • Resort amenities
  • Built in 2000 or newer
Active Asset Management
  • Complete light-value add capital expenditures to suites, clubhouses and amenities to attract rental premiums
  • Increase revenue through rental maximization
  • Reduce operating expenses
  • Identify ancillary revenue opportunities
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 across all unit classes an annual, pre-tax distribution target yield of 6% and targets a minimum 14% pre-tax, investor internal rate of return upon disposition of the properties. Canadian dollar distributions are hedged.
BEFORE
AFTER
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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


Amended and Restated Limited Partnership Agreement

Board Mandate

Audit Committee Charter

Insider Trading Policy

Code of Conduct
2018
2017
2018
Q1
Q2
Q3
2017
The Fund’s limited partnership tax factors (T5013 and RL15) relating to each fiscal year are available on the CDS Innovations Inc. website.

For more information or assistance, contact Starlight U.S. Multi-Family at info@starlightus.com.