Northview Apartment Real Estate Investment Trust announced the expiration of the 30-day go-shop period provided for in the arrangement agreement dated February 19, 2020 among the REIT, affiliates of Starlight Group Property Holdings Inc. and KingSett Capital Inc. pursuant to which the Purchasers will acquire Northview, and the holders of Northview's outstanding trust units will receive $36.25 per Unit in cash. During the Go-Shop Period, Northview was permitted to actively solicit, evaluate and enter into negotiations with third parties that expressed an interest in acquiring Northview. Scotiabank, Northview's financial advisor, contacted 54 potential buyers. Two of the potential buyers entered into confidentiality agreements with Northview and were granted access to non-public information about Northview. Northview did not receive a superior proposal during the Go-Shop Period and the Board of Trustees of the REIT did not determine that either of the two potential buyers that entered into confidentiality agreements with Northview had a reasonable prospect of making an acquisition proposal within the next 15 days. In addition, Northview has waived existing standstill arrangements which bind Starlight and KingSett, effective immediately, so that Starlight, KingSett and their affiliates will be permitted to purchase Units of the REIT in the market prior to closing of the Transaction, provided that the number of Units, together with the existing Units owned by Starlight, does not exceed 19.9% of the outstanding Units of the REIT.