/Not for distribution to U.S. newswire services or for
dissemination in the United
States/
TORONTO, May 9, 2014 /CNW/ - Starlight U.S. Multi-Family
(No. 2) Core Fund (TSX.V: SUD.A, SUD.U) (the "Fund") today
announced that, as at May 1, 2014,
its property portfolio was valued at US$5.7
million above its aggregate purchase price, which represents
an approximate 18.2% gain on the proceeds raised in the Fund's
initial public offering.
"We are pleased with the Fund's performance to date. The
significant capital appreciation of the Fund's property portfolio
reflects strong market conditions in the markets which the Fund
operates as well as solid income growth resulting from the Fund's
active asset management initiatives. The Fund has performed ahead
of forecast and has achieved strong results in a short period of
time," said Evan Kirsh, President of
the Fund.
About Starlight U.S. Multi-Family (No. 2) Core Fund
The Fund is a limited partnership formed under the Limited
Partnerships Act (Ontario) for
the primary purpose of indirectly acquiring, owning and operating a
portfolio of diversified income producing rental properties in the
U.S. multi-family real estate market.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Starlight U.S. Multi-Family (No.2) Core Fund