Pure Multi-Family REIT LP closes $37.3 million equity offering

July 29, 2016

On July 29, 2016, Pure Multi-Family REIT LP (“Pure Multi”) (TSXV: RUF.U, RUF.UN, RUF.DB.U) (OTCQX: PMULF) announced the closing of its previously announced bought deal public offering of 4,884,000 Class A units, inclusive of 444,000 units issued pursuant to the full exercise of the over-allotment option, for gross proceeds to Pure Multi of $37.3 million.

The offering was conducted through a syndicate of underwriters co-led by CIBC Capital Markets and Canaccord Genuity Corp., with CIBC Capital Markets acting as bookrunner, on their own behalf and on behalf of National Bank Financial Inc., Scotia Capital Inc., RBC Dominion Securities Inc., GMP Securities L.P., Raymond James Ltd., Industrial Alliance Securities Inc., Dundee Securities Ltd., Echelon Wealth Partners Inc. and Laurentian Bank Securities Inc.

Pure Multi is a Canadian-based, publically traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-family real estate assets.

Miller Thomson advised the underwriters in this transaction with a team that included Peter McArthur and Kevin Sorochan (securities), Alizée Bilbey (real estate) and Gerald Courage (tax).