Oakchase is comprised of 236 residential units, situated on 10.2 acres of land and was built in 1984.  As part of Pure Multi’s commitment to create value for its unitholders through selective dispositions of its Class B assets, Pure Multi intends to use the net proceeds from this sale towards the previously announced acquisition of a newly constructed asset located in San Antonio, Texas, which is expected to close on September 30, 2015.

• PURCHASE PRICE:  US$13,580,133
   
• PURCHASE DATE:  JULY 2012
   
• SALE PRICE:  US$17,850,000
   
• SALE DATE:  SEPTEMBER 2015
   
• YEAR BUILT:  1984
   
• ANNUALIzED RETURN ON EQUITY:  OVER 27%