Corporate Governance

Pure Multi's operations and business are governed exclusively by the Governing GP.  The board consists of seven directors, the majority of whom are independent. The board of directors and management of the Governing GP consist of the following individuals:

Name Position Audit
Committee
Compensation
Committee
Nominating
and
Governance
Committee
Environment,
Health and Safety
Stephen J. Evans Director and CEO       M
Robert W. King Chair M M M  
James L. Redekop Independent Director   M   M
James A. Speakman Director M   M C
John C. O'Neill Independent Director   C M  
Fraser R. Berrill Independent Director M M C  
Sherry D. Tryssenaar (*) Independent Director C     M

Notes:  
"M" = Member of committee
"C" = Chair of committee
* Ms. Tryssenaar was appointed to the Pure Multi-Family Board of Directors on April 12, 2017

Directors

Stephen J. Evans

Director and Chief Executive Officer

Mr. Evans is the Chief Executive Officer of Pure Multi-Family.  He is also the Chief Operating Officer of and indirectly owns 50% of the shares in Sunstone Realty Advisors Inc. (“Sunstone Realty”).  Since 2003, Sunstone Realty, and its predecessors, have raised over $300 million in equity for its Sunstone series of funds (collectively, the “Sunstone Funds”).  Sunstone Realty has participated in the negotiation, acquisition, redevelopment and asset management of over $700 million in commercial, residential and office properties in Canada and the United States.  
 
Mr. Evans continues his active role in the management of the business of Sunstone Realty, with a focus on enhancing the value of the acquired properties on behalf of the investors.  As well, Mr. Evans cofounded Pure Industrial Real Estate Trust (“PIRET”) in 2007 and served as CEO until May 2015.  PIRET is a publicly-listed real estate investment trust (TSX: AAR.UN) established for the purposes of acquiring, owning and operating a diversified portfolio of income-producing industrial properties in leading markets.  Since 2007, PIRET has raised approximately CDN$1.2 billion in equity financing.  As of December 31, 2016, PIRET owns 180 investment properties across Canada and the United States for a total value of approximately CDN$$2.4 billion.  
 
In addition, Mr. Evans is the acting Chief Financial Officer of REALnorth Opportunities Fund, an unincorporated, openended investment trust which indirectly invests in revenue producing real estate assets and development properties located in northern B.C.  From September 15, 2008 to December 31, 2009, Mr. Evans was a director of IAT Air Cargo Facilities Income Fund and director of International Aviation Terminals Inc.  Mr. Evans commenced as a director of Huntingdon Capital Corporation (formerly Huntingdon Real Estate Investment Trust) on January 1, 2010 until September 26, 2012 and is currently a director of WesternOne Inc. (TSX: WEQ).  Mr. Evans co-founded American Hotel Income Properties REIT LP (TSX: HOT.UN) in 2013 and serves as a Director.  Mr. Evans is also a member of the Institute of Corporate Directors.
 

Robert W. King

Lead Independent Director

Mr. King is the Chair of the Board of Pure Multi-Family.  He is also the President of King Pacific Capital Corporation, a private company specializing in mortgage finance and real estate development and investment in Western Canada.  Mr. King is also a principal of Westbridge Finance Inc., a full-service commercial mortgage brokerage company.  Mr. King is a trustee of PIRET (TSX: AAR.UN), Chairman of the Board of WesternOne Inc. (TSX: WEQ) and a director of Wall Financial Corporation (TSX: WFC), a real estate investment and development company.  Mr. King is also a director of the general partner and/or corporate trustee of each of the limited partnerships and real estate investment trusts comprising the Sunstone Funds.  
 
Mr. King earned his MBA from Dalhousie University in 1992 and a Bachelor of Arts from the University of British Columbia in 1989.  He graduated from the ICD-Rotman Directors Education Program in November of 2015 and received the ICD.D designation from the Institute of Corporate Directors in February 2016.  Mr. King is also a member of the Institute of Corporate Directors.
 

James L. Redekop

Independent Director

Since leaving the single family home construction industry in 1986, Mr. Redekop has been involved in multi-family housing and commercial construction and real estate development in British Columbia, primarily through special-purpose private companies held through Redekop Development Corp., Mr. Redekop’s development company.  His primary focus has been with residential wood-frame condominium and townhouse projects.  Over the past 25 years, he has acted as general contractor or project manager on numerous multi-family developments.
 
More recently, Mr. Redekop has become involved in commercial greenhouse vegetable production as a principal of Sunselect Produce Delta LLP and its sister company, Proselect Gas Treating Inc.  Mr. Redekop is also a director of the general partner and/or corporate trustee of each of the limited partnerships and real estate investment trusts comprising the Sunstone Funds.
 

James A. Speakman

Director

Mr. Speakman is the Managing Partner of Clark Wilson LLP, a prominent Vancouver-based business law firm, and practices in that firm’s commercial real estate and corporate finance and securities groups.  He has been a lawyer for over 30 years.  His practice is focused on the acquisition, ownership, financing and development of real estate.  
 
Prior to joining Clark Wilson in 2001, Mr. Speakman worked for 11 years in senior executive positions in the real estate industry in Vancouver.  He served for four years as Executive Vice President of a privately-owned development company that developed high-rise residential and retirement projects in British Columbia and the United States and spent seven years as Vice President of Vancouver-based Anthem Properties, where he was actively involved in the startup and growth of that company’s real estate investment, development and management business.  From 1994 to 1997, Anthem established a southwest U.S.-based portfolio which included over 5,800 apartment units and over one million square feet of retail and office space, developed 630 single family building lots and built and sold 250 homes.  Anthem achieved a listing on the Toronto Stock Exchange (“TSX”) in 1998 and from 1998 to 2000 established a portfolio of Canadian revenue producing properties of over $200 million.  Mr. Speakman received a J.D. degree from the University of British Columbia in 1985.
 

John C. O’Neill

Independent Director

Mr. O'Neill is President and Chief Executive Officer of O'Neill Hotels & Resorts Ltd., operators of 98 hotels across Canada and the United States.  Mr. O’Neill was a co-founder of American Hotel Income Properties REIT LP (TSX: HOT.UN) in 2013 and of Canadian Hotel Income Properties REIT (“CHIP REIT”) in 1997 and served on CHIP REIT’s Board of Trustees from 1999 to 2002.  Mr. O’Neill was also a partner with Intrawest in the ownership and management of Whistler Lodging Company.  
 
Mr. O’Neill is President of SunOne Developments Inc.; a member of the Board of Trustees for the Fraser Institute; a Director of the Minister’s Council on Tourism on behalf of B.C.’s Ministry of Jobs, Tourism and Innovation; and also Chair of the Collingwood School Foundation, serving a school on whose Board of Governors he used to sit.  He is a past Member of the Faculty Advisory Board of the UBC Sauder School of Business, a former Member of the Tourism Whistler Board of Directors, a former BC Chapter Chair of Young President’s Organization, and a former Member of the Owners’ Advisory Council of Starwood Hotels & Resorts.
 

Fraser R. Berrill

Independent Director

Mr. Berrill is the President of Fragin Holdings Limited, a private investment company principally involved in real estate income properties and development in Ontario, Texas and Arizona.  He is the former President, Chief Executive Officer and director of Renasant Financial Partners Ltd., a financial services and technology trading organization.  Mr. Berrill has served as a director of several public and private companies and has been on the board of Vicwest Inc. (formerly listed on the TSX) since 2009, and has acted as Board Chair from 2011 to June, 2015.  Mr. Berrill has been a Trustee of Morguard REIT (TSX: MRT.UN) since 2010.  In addition, he is a member of the Law Society of Upper Canada, and holds a designation of Chartered Director from McMaster University.  Mr. Berrill is also on the Board of Governors of the University of Windsor.
 

Sherry D. Tryssenaar

Independent Director

Ms. Tryssenaar is currently the Chief Financial Officer of Ten Peaks Coffee Company (TSX: TPK), and of Ten Peak’s subsidiary, Swiss Water Decaffeinated Coffee Company.  As the CFO, Ms. Tryssenaar is responsible for corporate finance, accounting and financial reporting, compliance and risk management, information systems, human resources, and investor relations.  Previously, she was Chief Financial Officer, Vice President, Finance and Administration and a director of QuestAir Technologies (TSX: QAR).  Earlier in her career, Ms. Tryssenaar was Director of Corporate Finance with RBC Technology Ventures, and Vice President, Investments of Quorum Funding, a venture capital firm.  
 
Ms. Tryssenaar has served on the boards of directors of various companies and not-for-profit organizations, as well as serving as Chair for three not-for-profit boards including Women in Capital Markets (WCM), Dress for Success Vancouver Society and the YWCA Metro Vancouver.  Currently, she is a director of Unit Electrical Engineering, a privately held company.  Ms. Tryssenaar has also been responsible for spearheading a corporate governance framework for a private company’s board of directors and served as corporate secretary responsible for maintaining comprehensive corporate governance documents.  
 
Ms. Tryssenaar is a Chartered Professional Accountant.  In addition, she holds a Bachelor of Business Administration (first class honours) from Simon Fraser University, and a M.Sc. (Econ) in International Relations from the London School of Economics, which she attended as a Commonwealth Scholar.  In 2011, Sherry was named the BC CFO of the Year in the small public company category by Business in Vancouver.  She was also recognized as a Top 40 Under 40 by Business in Vancouver in 2007.