Tricon to Acquire ~7,300 Unit, 2012 Vintage U.S. Multi-family Portfolio for Approximately $1.4 Billion

April 02, 2019

Tricon Capital Group Inc. (TSX:TCN) and Starlight U.S. Multi-Family (No. 5) Core Fund (TSXV: STUS.A, STUS.U) (the “Fund”) today announced that Tricon and the Fund have entered into an arrangement agreement whereby Tricon will acquire all of the issued and outstanding limited partnership units of the Fund in an all-share transaction, resulting in the acquisition of the Fund’s portfolio of 23 multi-family properties totaling 7,289 units located primarily in the U.S. Sun Belt.  

The Transaction is valued at approximately $1.4 billion, which reflects the appraised value of the Fund Portfolio.

Wildeboer Dellelce LLP acts as counsel to the Special Committee of the Fund with a team comprised of Perry Dellelce, Rob Wortzman, Michael Rennie and Joel Fraser (corporate/securities).


Starlight U.S. Multi-Family (No. 5) Core Fund
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