Starlight U.S. Multi-Family (No. 2) Core Plus Fund Completes Sale of Orlando Property, Announces Lender Taking Ownership of Raleigh Property and Commences Fund Liquidation

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TORONTO , Aug. 12, 2025 /CNW/ - Starlight U.S. Multi-Family (No. 2) Core Plus Fund (TSXV:SCPT-A.VN) (TSXV:SCPT-U.VN) (the "Fund") announced today that it has completed the sale of Hudson at East Apartments, a 275-suite Class "A" institutional quality multi-family property, built in 2018 and located in Orlando, Florida ("Hudson") to an arm's length buyer for cash proceeds of US$68.4 million. The Fund utilized the proceeds to fully repay the loan secured by Hudson totalling US$67.0 million (the "Hudson Loan") and is retaining the net proceeds until the final liquidation of the Fund. Additionally, the Fund announced that the lender of the loan secured by Summermill at Falls River Apartments (the "Summermill Loan"), a 320-suite multi-family property built in 2002 and located in Raleigh, North Carolina ("Summermill", or the "Property"), has taken ownership of the Property. This fully satisfies the outstanding mortgage on Summermill of approximately US$85.6 million and discharges all other liabilities of the Fund associated with the Property, with no cash proceeds being received by the Fund as a result of the transfer of ownership.