Starlight U.S. Multi-Family (No. 1) Core Plus Fund (TSXV:SCPO.UN) will seek acquisitions. The Fund completed the acquisition of Southpoint Crossing ("Southpoint") on April 30, 2020 and 401 Teravista ("Teravista") on May 28, 2020 ("Subsequent Acquisitions"), adding 608 suites in two attractive markets, Raleigh and Austin, further geographically diversifying the Fund's holdings. Following the Subsequent Acquisitions, the Fund has approximately $29,438 of available liquidity including approximately $24,000 remaining from the proceeds of the Offering to acquire additional properties and $5,438 of additional liquidity available to draw from the capital lines associated with the mortgages at the properties to fund future capital expenditures. The Fund has commenced the refinancing of mortgages payable for Grand Oak at Town Park ("Grand Oak"), Southpoint and Teravista to increase the available funds for future acquisitions and continues to evaluate opportunities to acquire additional properties.