Mr. Evan Kirsh reports

STARLIGHT U.S. RESIDENTIAL (MULTI-FAMILY) INVESTMENT LP PROVIDES UPDATE ON VENTURA PROPERTY

Despite continuing to enter into good faith negotiations with the first mortgage lender for Starlight U.S. Residential (Multi-Family) Investment LP's Ventura Apartments property, Starlight U.S. Residential received a notice of a maturity default from the lender of the loan secured by Ventura. The maturity date for the loan was Feb. 9, 2026, and the notice received expresses the lender's right to demand repayment of the borrowings secured by the property. In the absence of a negotiated modification and extension of such loan, the lender has the right to exercise the remedies available to it under the loan agreement, including a foreclosure of the property. If the notice was defended by the lender and such remedies were exercised, the lender would be able to foreclose on the property through a foreclosure sale process or a third party purchaser at the foreclosure sale, with the proceeds of the sale applied to amounts owed to lender under the loan. As at the date hereof, the lender has not exercised any such remedies, and the limited partnership continues to enter into good faith negotiations to modify and extend the loan with such lender. The LP does not expect a material impact on its net asset value as a result of any remedies the lender may exercise.

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

Starlight U.S. Residential 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 dated Dec. 23, 2025. Starlight U.S. Residential was established for the primary purpose of directly or indirectly acquiring, owning and operating a portfolio primarily composed of income-producing residential properties in Starlight U.S. Residential's target metrics. Starlight U.S. Residential currently owns interests in three multifamily properties consisting of 1,029 suites.