Starlight U.S. Multi-Family (No. 2) Core Plus Fund Announces August 2021 Distributions, Payable on September 15, 2021
August 17, 2021 at 02:27 am IST
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Starlight U.S. Multi-Family (No. 2) Core Plus Fund announced its July 2021 cash distribution amounts on its outstanding Class A Units, Class C Units, Class D Units, Class E Units, Class F Units, Class G and Class U Units (collectively, the "Units"), payable on September 15, 2021 to holders of Units of record at August 31, 2021. The distribution amounts will be as follows: CAD 0.03333 per Class A Unit, representing approximately CAD 0.40 per Unit on an annualized basis; CAD 0.03333 per Class C Unit, representing approximately CAD 0.40 per Unit on an annualized basis; CAD 0.03333 per Class D Unit, representing approximately CAD 0.40 per Unit on an annualized basis; USD 0.03333 per Class E Unit, representing approximately USD 0.40 per Unit on an annualized basis; CAD 0.03333 per Class F Unit, representing approximately CAD 0.40 per Unit on an annualized basis; USD 0.03333 per Class G Unit, representing approximately USD 0.40 per Unit on an annualized basis; and USD 0.03333 per Class U Unit, representing approximately USD 0.40 per Unit on an annualized basis.
Starlight U.S. Multi-Family (No. 2) Core Plus Fund (the Fund) is a Canada-based closed-end fund. The Fundâs investment objectives are to directly or indirectly acquire, own and operate a portfolio primarily composed of income-producing multi-family properties that demonstrate value based on pricing and local supply and demand trends to achieve the Fundâs target metrics or 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 in the Primary Markets, with a particular focus on the suburban areas of Primary Submarkets; and make stable monthly cash distributions. The Fund owns interests in three properties, namely Montane Apartments, Hudson and Summermill consisting of 995 suites. The Fund is managed by Starlight Investments US AM Group LP.