REMI

New CFO for Starlight U.S. Multi-Family Core

Monday, May 9, 2016

Starlight U.S. Multi-Family Core is pleased to announce that Mr. Martin Liddell has been appointed by the Board of Directors as Chief Financial Officer to replace Tamara Lawson effective May 4, 2016.

Mr. Liddell brings significant senior management experience in finance, strategic planning, mergers and acquisitions and corporate governance. He currently serves as the Chief Financial Officer of the Starlight U.S. Multi-Family institutional platform as well as a member of the Board of Directors and the Chief Financial Officer of Campar Capital Corporation, a capital pool company listed on the TSX Venture Exchange.

Previously, Mr. Liddell served as the Chief Financial Officer of True North Apartment Real Estate Investment Trust, a TSX listed real estate investment trust, until its acquisition by Northern Property Real Estate Investment Trust. Mr. Liddell holds a Bachelor of Arts (Honours) in accounting and finance from Liverpool John Moores University, United Kingdom, and received his Chartered Accountant designation in 1995. Mr. Liddell is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).

“On behalf of the Board of Directors of each of the Starlight U.S. Multi-Family Core Funds, I thank Tamara for her valuable contribution during her tenure. We wish her the very best in her new opportunity,” stated Evan Kirsh, President of the Fund. Mr. Kirsh continued, “We look forward to working with Martin in his new role and ensuring a smooth transition.”

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