Pure Multi-Family REIT LP was a Canadian-based publically traded vehicle which offered investors exposure to attractive institutional quality U.S. multi-family real estate assets from July 10, 2012 until September 27, 2019.
Pure Multi-Family focused on acquiring luxury resort-style apartment communities in the major markets of the U.S. Sunbelt, dynamic economies that consistently ranked highly for both job and population growth.
The strong growth in the U.S. Sunbelt provided the opportunity for our investors to participate in an asset class that generated above average revenue growth and stable distributions.
Source: Bloomberg as at May 9, 2019. Note: Prior to the launch of the C$ ticker on July 2, 2014, the C$ values were calculated based on the US$ ticker converted at the daily spot exchange rate.
Pure Multi-Family's trust units were dually listed RUF.U (USD) and RUF.UN (CAD) on the Toronto Stock Exchange, providing investors with the option of holding units in either currency.
Pure Multi-Family's long-term objectives were to:
- Generate stable and growing monthly cash distributions on a tax-efficient basis from investments in multi-family real estate properties;
- Enhance and maximize the value of Pure Multi-Family's assets through active management and targeted value-add capital programs; and
- Expand its asset base through an accretive acquisition program.