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TORONTO, April 27, 2022 /CNW/ - Starlight U.S. Residential Fund (TSXV: SURF.A) (TSXV: SURF.U) (the "Fund") announced today that, it has acquired Eight at East, a Class "A" institutional quality, multi-family property completed in 2017 and is located in a suburb of Orlando, Florida. The US$91.75 million purchase price was satisfied with: (i) proceeds from the Fund's initial public offering; and (ii) new first mortgage debt in the amount of approximately US$64.25 million with an initial term of three years, subject to two one-year extension options, and will be interest only and payable at an annual interest rate of one-month term secured overnight financing rate + 2.60%.