Windsong is comprised of 264 residential units, situated on 10.0 acres of land and was built in 1985.  Pure Multi acquired Windsong in July 2013 for US$16.5 million.  As part of Pure Multi’s commitment to create value for its unitholders through selective dispositions of its Class B assets, Pure Multi anticipates using the net proceeds from this sale to improve the overall quality of the portfolio by acquiring a high-quality Class A property.

• PURCHASE PRICE:  US$16,500,000
   
• PURCHASE DATE:  JULY 2013
   
• SALE PRICE:  US$22,000,000
   
• SALE DATE:  DECEMBER 2015
   
• YEAR BUILT:  1985
   
• ANNUALIzED RETURN ON EQUITY:  OVER 26%