Pure Multi-Family REIT LP closes $92 million equity offering

June 30, 2017

On June 30, 2017, Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSXV: RUF.U, RUF.UN, RUF.DB.U) (OTCQX: PMULF) announced the closing of its previously announced public offering of Class A units, inclusive of units issued pursuant to the full exercise of the over-allotment option, on a bought deal basis, for gross proceeds to Pure Multi-Family of $92,014,950.

The offering was conducted through a syndicate of underwriters co-led by CIBC Capital Markets, Scotiabank and Canaccord Genuity Corp., with CIBC Capital Markets and Scotiabank as bookrunners, and included National Bank Financial Inc., RBC Capital Markets, Industrial Alliance Securities Inc., Raymond James Ltd., GMP Securities L.P., Laurentian Bank Securities Inc., Echelon Wealth Partners Inc. and Eight Capital.

Pure Multi-Family is a Canadian-based, publicly 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, Kevin Sorochan and Erika Lai (securities), and Gerald Courage and Neil Gurmukh (tax).