/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES./
VANCOUVER, Sept. 26, 2012 /CNW/ - Pure Multi-Family REIT LP ("Pure
Multi") (TSXV: RUF.U) announced today the successful closing of two
multi-family community apartment properties (the "Acquisitions"),
comprising 408 residential units on a combined basis located in the
Dallas- Fort Worth Metroplex, for an aggregate purchase price of
Pure Multi funded the Acquisitions with equity from its initial public
offering that closed on July 10, 2012 and first mortgage loans in the
aggregate amount of US$15,970,000 for a ten year term at an interest
rate of 3.54% per annum. The assets were acquired at an attractive
capitalization rate of 7%.
Stephen Evans, CEO, stated, "We are excited with the completion of these
quality acquisitions. They increase our footprint in the vibrant
Dallas-Fort Worth Metroplex, one of the strongest economies in the U.S.
About Pure Multi-Family REIT LP
Pure Multi 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. The 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-Family REIT LP is available at www.PureMultiFamily.com and www.sedar.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.
SOURCE: Pure Multi-Family REIT LP
For further information:
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