Mr. Martin Liddell reports

STARLIGHT U.S. RESIDENTIAL (MULTI-FAMILY) INVESTMENT LP ANNOUNCES SENIOR MANAGEMENT CHANGE

Evan Kirsh, president of Starlight U.S. Residential (Multi-Family) Investment LP has resigned, effective May 29, 2026, to pursue other opportunities. Mr. Kirsh served as president of Starlight U.S. Residential since the inception of the predecessor to the limited partnership in 2021.

Daniel Drimmer, chief executive officer of SURF LP, commented: "On behalf of Starlight U.S. Residential, I would like to thank Evan for his valuable contribution throughout his tenure. Evan has played an important role for the LP since its inception."

Going forward, Mr. Drimmer will assume the role of president and assume day-to-day responsibilities, supported by a deep and experienced bench of team members, ensuring continuity and positioning the platform for continued success.

About Starlight U.S. Residential Fund (Multi-Family) Investment LP

SURF LP is a closed-end limited partnership formed under and governed by the laws of the Province of Ontario, pursuant to an amended and restated limited partnership agreement. SURF LP was established for the primary purpose of directly or indirectly acquiring, owning and operating a portfolio primarily composed of income-producing residential properties in SURF LP's target metrics or that can achieve significant increases in rental rates as a result of undertaking high-return, value-add capital expenditures and active asset management. As at March 31, 2026, SURF LP owned interests in three multifamily properties consisting of 1,029 suites.