Corporate Governance

Pure Multi-Family'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
Stephen J. Evans Director and CEO      
Robert W. King Chair and Independent Director M M M
Fraser R. Berrill Independent Director M M C
Maurice Kagan Independent Director M C  
John C. O'Neill Director     M
James L. Redekop Independent Director   M  
Sherry D. Tryssenaar Independent Director C    

Notes:  
"M" = Member of committee
"C" = Chair of committee

Directors

Stephen J. Evans

Co-Founder, Director and Chief Executive Officer

Mr. Stephen Evans is the Co-Founder, Chief Executive Officer and Director of Pure Multi-Family REIT LP.  Mr. Evans has been involved in the negotiation, acquisition, redevelopment and asset management of over $1.4 billion in commercial, residential and office properties in Canada and the United States.
 
In 2004, Mr. Evans and his late partner Mr. Darren Latoski launched Sunstone Realty Advisors Inc. and raised over $300 million in equity financing for eleven commercial real estate opportunity funds from 2004 to 2011.
 
In July 2007, Mr. Evans co-founded Pure Industrial Real Estate Trust (“PIRET”), a publicly listed real estate investment trust that acquired, owned and operated a diversified portfolio of income-producing industrial properties. Mr. Evans served as PIRET’s Co-CEO until May 2015 raising over $1.2 Billion in equity capital during his tenure. Mr. Evans served as a Trustee from PIRET’s $19 Million IPO in 2007, until its successful acquisition by Blackstone Property Partners (the Core+ real estate investment unit of Blackstone) and Ivanhoé Cambridge (a subsidiary of CDPQ) in May 2018 for $8.10 per unit in cash, or gross proceeds of approximately $3.8 Billion.
 
In January 2013, Mr. Evans co-founded American Hotel Income Properties REIT LP (TSX: HOT.UN), a limited partnership formed to invest in hotel real estate properties located substantially in the United States. Mr. Evans serves as a Director.
 
In addition, Mr. Evans is the acting Chief Financial Officer of REALnorth Opportunities Fund, an unincorporated, open-ended investment trust which indirectly invests in revenue producing real estate assets and development properties located in northern B.C.  
 
Mr. Evans previously served as Director of WesternOne Inc. (TSX: WEQ) from June 2007 to May 2017; Director of IAT Air Cargo Facilities Income Fund and International Aviation Terminals Inc. from September 2008 to December 2009; and Director of Huntingdon Capital Corporation (formerly Huntingdon Real Estate Investment Trust) from January 2010 until September 2012.  Mr. Evans is a member of the Institute of Corporate Directors.
 

Robert W. King

Chair and Independent Director

Mr. Robert King is President of King Pacific Capital Corporation, a private equity firm involved in corporate and real estate investment and finance. Mr. King is also a principal of Westbridge Finance Inc., a full-service commercial mortgage brokerage company. 
 
Mr. King is Chair and Lead Independent Director of the governing general partner of Pure Multi-Family REIT LP, a Director of Wall Financial Corporation, Chairman of the Board of Directors of WesternOne Inc., and Director of the general partner and/or corporate trustee of each of the limited partnerships and real estate investment trusts of Sunstone Realty Advisors Inc.
 
Mr. King was a Trustee of Pure Industrial Real Estate Trust (“PIRET”) from July 2007 until it was acquired and taken private by Blackstone Properties Partners in a $3.8 Billion transaction that concluded in May 2018.  
 
Mr. King earned his MBA from Dalhousie University and a Bachelor of Arts from the University of British Columbia. Mr. King is a member of the Institute of Corporate Directors and holds the ICD.D designation.

 

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.
 

Maurice Kagan

Independent Director

Mr. Kagan is currently the President of Canal Group, a residential and commercial property holding company.  Previously, Mr. Kagan was Chief Executive Officer and owner of Sparkle Solutions Inc., a route operator servicing over 13,000 laundry machines serving the multi-residential housing industry in Canada. Sparkle Solutions Inc. was acquired by a U.S. based laundry operator in 2013.
 
In 1997, Mr. Kagan spearheaded the launch of Residential Equities Real Estate Investment Trust (“RESREIT”), and acted as its Chief Financial Officer until its sale to Canadian Apartment Properties Real Estate Investment Trust (TSX: CAR.UN) in 2003. Prior to 1997, Mr. Kagan was the Chief Financial Officer of the Greenwin Group, a company that managed over 20,000 apartment units in Ontario, Canada.
 
Mr. Kagan is currently a Director of Kew Media Group (TSX: KEW) and Cliffside Capital Ltd. (TSXV: CEP).
 
Mr. Kagan qualified as a Chartered Accountant in South Africa in 1981, has a Bachelor of Commerce from the University of Cape Town, and has a certificate in the Theory of Accountancy.
 

John C. O’Neill

Independent Director

Mr. O'Neill is President and Chief Executive Officer of O'Neill Hotels & Resorts Ltd., operators of over 100 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.
 

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.
 

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.