Vancouver, BC – November 16, 2012: Pure Multi-Family REIT LP (“Pure Multi”) (TSXV: RUF.UN) is pleased to announce the release of its financial results for the three months and period ended September 30, 2012.

Conference Call

Management will host the conference call at 4:30pm (EST), 1:30pm (PST), on Wednesday, November 21, 2012, to review the financial results and corporate developments for the three months and period ended September 30, 2012.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the Pure Multi-Family REIT LP Conference Call.

Toll Free dial in number (from Canada and USA).................................. 1-888-231-8191

International or Local Toronto................................................................ 1-647-427-7450

Conference Call Replay

If you cannot participate on November 21, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference 120 minutes after the meeting end time, and the replay will be available until November 28, 2012.

Please enter the Replay ID# 70013704, followed by the # key.

Replay Dial in number (Toll Free from Canada or the USA).................. 1-855-859-2056

Local Dial-in numbers

Vancouver................................................................................................. 778-371-8506

Calgary....................................................................................................... 403-451-9481

Toronto...................................................................................................... 416-849-0833

Ottawa........................................................................................................ 613-667-0035

Montreal..................................................................................................... 514-807-9274

Halifax....................................................................................................... 902-455-3955

About Pure Multi-Family REIT LP

Pure Multi-Family REIT LP is a limited partnership formed under the Limited Partnerships Act (Ontario) to invest in quality multi-family real estate properties in major markets in the United States.  Pure Multi is focused exclusively on investments in multi-family real estate properties in the United States and is currently the only publicly traded vehicle in Canada which offers investors exclusive exposure to U.S. multi-family real estate assets.

Additional information about Pure Multi is available at www.puremultifamily.com or www.sedar.com.

For more information please contact:

Andrew Greig,

Director of Investor Relations

Pure Multi-Family REIT LP

Suite 910, 925 West Georgia Street

Vancouver, BC  V6C 3L2

Phone: (604) 681-5959 or (888) 681-5959

E-mail: agreig@puremultifamily.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.