Starlight Us Multi-Family No 1 Value Add Fund

starlight us multi-family no 1 value add fund is canada-based fund and a limited partnership formed under the limited partnerships act (ontario) for the primary purpose of indirectly acquiring, owning and operating a portfolio of value-add, income producing rental properties in the united states multi-family real estate market. the fund owns two properties the spectra south and the landing at round rock, consisting of approximately 943 suites with an average year of construction in 2003. the spectra south, is located 32 kilometers north of downtown phoenix and is comprised of around 360 apartment suites ranging in size from one to three bedrooms. the landing at round rock, is located 30 kilometers north of downtown austin and is comprised of around 583 apartment suites ranging in size from one to four bedrooms.