Stephen J. Evans
Co-Founder, Director and Chief Executive Officer
Mr. Evans has founded several platform companies under the PURE brand including Pure Industrial Real Estate Trust; Pure Multi-Family REIT LP, Pure Commercial Real Estate Advisors Inc.; and Pure Living Developments, which is focused on developing high quality multi-residential homes within proximity to natural amenities, providing live-work-play settings for residents.
Mr. Evans is the President and owner of Sunstone Realty Advisors Inc. Since 2003, Sunstone has raised over CDN$300 million in equity for its Sunstone series of funds and acquired over CDN$800 million in commercial, residential and office properties in Canada and the United States.
Mr. Evans co-founded Pure Multi-Family REIT LP (“Pure Multi”) (formerly listed on the TSX) in 2012 and served as CEO until its successful sale in September 2019. Pure Multi owned and operated a diverse portfolio of luxury apartment communities in the U.S. Sunbelt growth markets. At the time of its sale, Pure Multi owned 22 apartment communities with over 7,000 units located in Texas and Arizona and was one of the top-performing REITs on the TSX during its tenure. Pure Multi was sold to the Cortland Group of Atlanta for CDN$1.6 billion.
Mr. Evans also co-founded Pure Industrial Real Trust (“PIRET”) (formerly listed on the TSX) in 2007 and served as CEO until May 2015 and as a trustee of PIRET for its full tenure until its sale in May, 2018. Since it’s IPO in 2007, Mr. Evans led the growth of PIRET from a small 6-property industrial portfolio to a dominant Canadian industrial platform. At the time of the sale, PIRET owned 177 industrial properties in Canada and the United States and was sold to Blackstone for CDN$3.8 billion.
Mr. Evans co-founded American Hotel Income Properties REIT LP (“AHIP” - TSX: HOT.UN) in 2013 and serves as a Director. AHIP has grown to own a portfolio of 78 mid-service hotels across 22 states throughout the U.S. In addition, Mr. Evans is the acting Chief Financial Officer of REALnorth Opportunities Fund, an open-ended investment trust which indirectly invests in revenue producing real estate assets and development properties located in northern B.C.
Mr. Evans is a member of the Institute of Corporate Directors and serves as a Director of Addy Invest, a crowdfunding digital marketplace platform for investors to purchase quality real estate.
Mr. Evans focuses on selective acquisitions and development of strategically located multi-family residential communities, mixed-used and light industrial assets throughout Western Canada with a particular focus on Greater Vancouver.
Francis Tam, CPA, CA, CFA
Managing Director and Executive Vice-President
Mr. Tam is Managing Director and Executive Vice-President of Pure Living Developments and Sunstone Realty Advisors Inc. and served as the Chief Financial Officer of Pure Industrial Real Estate Trust, from May 2011 to September 2016 where he was responsible for all financial aspects of the company, including financial reporting, treasury, financing, budgeting, taxation, information technology and human resources. During his tenure as PIRET’s CFO, PIRET grew from a small IPO platform to over $1.2 billion in market capitalization with a portfolio spanning Canada and the U.S.
Prior to joining PIRET, Francis was CFO of the income-producing property business of the Aquilini Investment Group, a large family-owned conglomerate that owns the Vancouver Canucks, a real estate development and construction business, and an agricultural business.
Mr. Tam has a Bachelor of Commerce Degree from the University of British Columbia, is a Chartered Professional Accountant (CPA, CA) and a Chartered Financial Analyst with more than 20 years of professional experience and over 15 years’ experience in real estate investment, management and development.
Norman Laube, BComm, ICD.D
Vice President, Development
Norman is a sponsor investor in Pure Living Developments and principal of Laubenfels Development Advisors and Peakside Homes. A graduate of UBC’s Urban Land Economics program, Norman has 35 years of real estate experience including development, leasing, appraisal, property management and executive leadership. He has provided real estate leadership at Morguard Investments, Larco Investments, Beutel Goodman, BC Buildings, Omicron Architecture, Engineering, Construction & Development and most recently as President and CEO of the Surrey City Development Corporation.
He has led the development of $1 billion of real estate projects in all asset classes including residential, industrial, hotel, retail, office and commercial.
As VP Development of Pure Living, Norman is responsible for overall development management including origination, funding, design, approvals, construction, and marketing.
Consulting and Advisory
Randy has greater than 30 years experience in Real Estate development, specialising in big box retail. For the past 19 years Randy's focus has been in real estate consulting and advisory serving select clients with asset management, tenant representation, property acquisition and disposition, and development management services, as well as project development and portfolio management.
- Property Acquisition & Disposition;
- Lease Negotiation;
- Planning Approvals;
- Development Management;
- Asset Management.