BRIEF-Pure Multi-Family REIT announces CDN $33.9 mln equity offering, anticipated internalization of asset management

Tue Jul 12, 2016 5:41pm EDT
 
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July 12 (Reuters) - Pure Multi-Family REIT LP :

* Announces CDN $33.9 million (US$26.0 million) equity offering and anticipated internalization of asset management

* Agreement to sell on a bought deal basis 4.4 million class a units of pure multi at a price of CDN$7.64 per unit

* Intends to use net proceeds to partially fund acquisition of a 368 unit class "AA" luxury apartment community among the others Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)