Starlight U.S. Multi-Family (No. 2) Core Plus Fund Completes $107 Million Initial Public OfferingMarch 31, 2021
Starlight U.S. Multi-Family (No. 2) Core Plus Fund has completed its initial public offering for total gross proceeds of approximately C$107 million. The Fund was created to indirectly acquire, own and operate a portfolio primarily comprised of income-producing multi-family properties in the United States. Upon closing, the Fund completed the acquisition of two multi-family residential properties in the States of Colorado and Florida, in the markets of Denver and Orlando, respectively. In connection with the initial public offering, CIBC World Markets Inc. acted as lead agent to the Fund, with a syndicate that included Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., National Bank Financial Inc., Richardson Wealth Limited, Desjardins Securities Inc., iA Private Wealth Inc., Laurentian Bank Securities Inc. and Raymond James Ltd. (collectively, the “Agents”).
Wildeboer Dellelce LLP acted for the Agents in connection with the initial public offering with a team that consisted of Daniel Shapira (real estate), Rebecca Cochrane and Sarah Wahba (corporate/securities), and Katy Pitch and Marija Tasevska (tax).
CIBC World Markets Inc.
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