DIVESTED, SEPTEMBER 2019

Prairie Creek Villas consists of 45 two-storey apartment buildings situated on a 38.6 acre site with 464,020 square feet of rentable space. It comprises of 464 residential units. 

Prairie Creek Villas is a luxury apartment and townhouse community with a wide array of spacious, large, floor plans, many of which include direct-access attached garages.  Amenities include two resort style pools and a hot tub; leasing office building with business centre; a 24 hour fitness centre; fireplaces with stone surrounds; 9 foot ceilings; a dedicated resident club house with a 15-seat private theatre; coffee bar; and sitting and leisure areas.

Prairie Creek was purchased for US$52,500,000.  It is located in Richardson, Texas, a sub-market of the Dallas-Fort Worth Metroplex.

Pure Multi-Family REIT LP

Pure Multi-Family REIT LP was a Canadian-based publically traded REIT LP which offered investors exposure to attractive institutional quality U.S. multi-family real estate assets, from its IPO in January 2012 until its sale in September 2019.

  • Rentable Area (sq ft): 464,082
  • Site Area (acres): 38.6
  • Number of Units: 464