The Pure Group launched Pure Industrial Real Estate Trust (PIRET) a real estate investment trust in 2007 with a $20 million Initial Public Offering, and through acquisitions and developments grew PIRET to become a dominant Canadian Industrial platform until its sale to Blackstone and Ivanhoe Cambridge for $3.8 billion in May, 2018.
TOTAL RETURN PERFORMANCE
EXCEPTIONAL RETURNS - $20M IPO TO $3.8 BILLION PLATFORM SALE
From IPO in 2007, until the sale in 2018, PIRET delivered
Total Annual Returns of 32.4%(1)
Source: Bloomberg. (1) IPO date of August 23, 2007. Delisting date of May 24, 2018. Distributions Reinvested.
Steve Evans, Founder & CEO and the PURE team rings the bell to open the market at the TSX, September 19, 2012.