Sunstone U.S. Opportunity (No. 2) Realty Trust Announces Sale of Azure Creek at Tatum Ranch Apartments

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, Jan. 30, 2015 /CNW/ - Sunstone U.S. Opportunity (No.2) Realty Trust ("Sunstone") announced today that it has sold its 100% interest in its last remaining investment property, the Azure Creek at Tatum Ranch Apartments ("Azure Creek"), located in Phoenix, Arizona for US$23,250,000 less standard closing costs and adjustments.

Azure Creek at Tatum Ridge Apartments, in Cave Creek, Arizona, is a 160-unit multi-family housing complex comprised of 11 two-storey stucco buildings with units ranging in size from 707 to 1,093 square feet. The 8.05 acre property is located in Cave Creek, a northern suburb of Phoenix, and includes a 24-hour fitness facility, executive business center, picnic areas, barbeque grills, open air cabana and a dog park. Azure Creek was originally acquired by Sunstone in December 2010 for US$17,500,000 plus standard closing costs and adjustments.

Sunstone intends to complete a closing audit on the property prior to distributing a final special distribution to unitholders. Sunstone anticipates this process to be completed by April 2015.

As all the properties in the fund have now been sold, and subsequent to the payment of the special distribution, Sunstone will begin processes to terminate and dissolve the fund.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Additional information about Sunstone is available at www.sunstoneadvisors.com or www.sedar.com.

SOURCE Sunstone U.S. Opportunity (No. 2) Realty Trust

Andrew Greig, Director of Business Development; Sunstone U.S. Opportunity (No. 2) Realty Trust, Suite 910, 925 West Georgia Street, Vancouver, BC V6C 3L2, Phone: [phone] or [phone], E-mail: [email protected]