Stephen J. Evans
Co-Founder, Director and Chief Executive Officer
Mr. Evans is the President and owner of Sunstone Realty Advisors Inc. (“Sunstone”). Since 2003, Sunstone, and its predecessors, have raised over CDN$300 Million in equity for its Sunstone series of funds (collectively, the “Sunstone Funds”). Sunstone has participated in the negotiation, acquisition, redevelopment and asset management of over CDN$800 Million in commercial, residential and office properties in Canada and the United States. Mr. Evans has founded several platform companies under the PURE brand including 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 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 US 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 US. 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. Previously, 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. and then commenced as a director of Huntingdon Capital Corporation (formerly Huntingdon Real Estate Investment Trust) on January 1, 2010 until September 26, 2012. Mr. Evans was also formerly a director of WesternOne Inc. (formerly listed on the TSX).
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
Mr. Tam is Managing Director 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 US. 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.
Scott Shillington, CPA, CA
Mr. Shillington began working with the PURE Group of Companies in 2010 under the Sunstone platform, where he coordinated property acquisitions, mortgage financings, financial reporting and corporate tax planning. As Chief Financial Officer of PURE MF REIT from its IPO in 2012 through its sale in 2019, he led the financial reporting, internal controls, equity financing, human resources, debt financing, and tax management functions. Mr. Shillington has a Bachelor of Commerce Degree from the University of British Columbia, is a Chartered Professional Accountant (CPA, CA) and has over 10 years’ experience in real estate management and development.
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.