Starlight U.S. Multi-Family (No. 1) Value-Add Fund reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue from property operations of $3,745,000, NOI of $2,091,000, net income and comprehensive income of $5,526,000. FFO was $693,000 or $0.08 per basic and diluted share. AFFO was $792,000 or $0.10 per basic and diluted share. Cash provided by operating activities was $3,079.