Origin Merchant Partners is pleased to announce that Tricon Capital Group (“Tricon”) has acquired Starlight U.S. Multi-Family (No.5) Core Fund (“Starlight”). The acquisition was valued at approximately $1.4 billion.
Origin Merchant Partners acted as Financial Advisor to the special committee of Starlight U.S. Multi-Family (No.5) Core Fund, providing a fairness opinion with respect to this transaction.
Starlight U.S. Multi-Family (No.5) Core Fund is a limited partnership focused on acquiring, owning and operating a portfolio of diversified income producing rental properties in the U.S. multi-family real estate market.
Tricon is an investment manager focused on the residential real estate industry in North America with approximately $7.6 billion of assets under management. Tricon invests in a portfolio of single-family rental homes, multi-family rental apartments and for-sale housing assets, and manages third-party capital in connection with its investments.