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
Stephen J. Evans 
Director and Chief Executive Officer
Robert W. King (1)(2)(3)
Lead Independent Director
James L. Redekop (2)(3)
Independent Director
Douglas R. Scott, CA(1)(3)
Independent Director 
James A. Speakman(1)
Director
John C. O'Neill (2)
Independent Director
Fraser R. Berrill (1)
Independent Director

(1) Member of Audit Committee
(2) Member of Compensation Committee
(3) Member of Nominating and Governance Committee

Directors

Stephen Evans

Director and Chief Executive Officer

Mr. Evans has over 25 years of real estate experience in both Canada and the United States with an extensive track record in all areas of commercial real estate. His public companies have raised over $1.8 billion of equity over the past decade.

Mr. Evans is a Co-founder and Trustee of PIRET, a publicly-listed real estate investment trust (TSX:AAR.UN) that acquires, owns and operates a diversified portfolio of income-producing industrial properties in major markets across Canada and the United States.  Since 2007, PIRET has acquired a portfolio of 187 industrial properties having a total value of approximately CDN$1.6 billion.

Mr. Evans is also the Principal of Sunstone Realty Advisors Inc. (“Sunstone”). Since 2003, Sunstone has acquired, redeveloped and drove asset management of over CDN$800 million in retail, industrial, residential and hotel properties in Canada and the United States.

Mr. Evans co-founded and is currently a director of American Hotel Income Properties REIT LP (TSX:HOT.UN) which owns and operates a portfolio of 80 hotels located throughout the United States. 

Mr. Evans is also a director of WesternOne Inc. (TSX:WEQ).

Robert W. King

Lead Independent Director

Mr. King is President of Westbridge Finance Inc., a private equity firm involved in corporate and real estate investment and finance.  From March 2006 to present, Mr. King has served on the Board of Directors of Wall Financial Corporation (TSX:WFC), a real estate investment and development company. Mr. King is the Chairman of the Board of WesternOne Inc. (TSX:WEQ) and is also a Trustee of Pure Industrial Real Estate Trust (TSX:AAR.UN).   Mr. King earned his MBA from Dalhousie University in 1992 and a Bachelor of Arts from the University of British Columbia in 1989.  He is also a graduate of the ICD-Rotman Directors education program and holds the designation of ICD.D.

James Redekop

Independent Director

Since 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.

Douglas R. Scott, CA

Independent Director

Mr. Scott is currently a financial consultant. Previously, he was the Chief Financial Officer of First Majestic Silver Corp. and First Silver Reserve Inc. Mr. Scott has a Bachelor of Commerce Degree with Distinction from the University of Alberta and is a Chartered Accountant (Alberta) with more than 30 years of professional experience. Mr. Scott is a trustee of PIRET (TSX:AAR.UN) and a director of WesternOne Inc. (TSX:WEQ). Mr. Scott was Vice President and Chief Financial Officer of Coast Wholesale Appliances Income Fund and its predecessor from 2003 to 2005 and was instrumental in its 2005 initial public offering. In addition, Mr. Scott was a partner with FinancExec Associates, working primarily in the roles of director and chief financial officer for a number of large to medium-sized public and private companies. Mr. Scott is a member of the Institute of Corporate Directors and has received the ICD.D designation.

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 30 years. 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 develops 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 US-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 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 and has a lifelong passion for real estate.

John C. O’Neill

Independent Director

Mr. O'Neill is President and CEO of O'Neill Hotels & Resorts Ltd., operators of over 80 hotels across Canada and the United States. Mr. O’Neill was a co-founder of American Hotel Income Properties REIT LP in 2013 and of Canadian Hotel Income Properties REIT (“CHIP”) in 1997 and served on CHIP’s Board of Trustees from 1999-2002.  Mr. O’Neill was also a partner with Intrawest in the ownership and management of Whistler Lodging Company. Mr. O’Neill is also President of SunOne Developments Inc.; is a member of the Board of Trustees for the Fraser Institute; is a Director of the Minister’s Council on Tourism on behalf of B.C.’s Ministry of Jobs, Tourism and Innovation; and is 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 University of British Columbia Sauder School of Business, a Member of the Tourism Whistler Board of Directors, 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 TSX-listed Vicwest Inc. since 2009, and has acted as Board Chair since 2011. Mr. Berrill has been a Trustee of Morguard REIT since 2010. In addition, he is a member of the Law Society of Upper Canada and the Bar of Ontario, and holds a designation of Chartered Director from McMaster University. Mr. Berrill is also on the Board of Governors of the University of Windsor.