DALLAS, TX – Pure Multi-Family REIT announced the successful closing of the previously announced multi-family apartment community located in Dallas, Texas, for a buy price of $48.8 million.

On closing, the property will be rebranded as PURE at La Villita (“La Villita”).

La Villita is a luxury Class A apartment community in the prestigious master-plotted community of Las Colinas, a Dallas suburb, which includes the headquarters of many Fortune 500 companies.

Completed in 2007, La Villita is a luxury Class A, 306-unit, garden-style apartment community that has been maintained to institutional-owner standards.

Pure Multi-Family funded the buy of La Villita with proceeds from the equity offering, which closed on April 7, 2017 and new first mortgage financing. The new first mortgage financing is in the amount of US$24.4 million, and bears a fixed interest rate of 3.81% per annum for a term of 15 years.

Stephen Evans, Pure Multi-Family’s CEO, stated, “We are excited to add this luxury garden-style apartment community to our Dallas portfolio. The property’s desirable location coupled with its luxurious amenities package make it a sought-after residence. La Villita is located in the high-demand Las Colinas submarket, which features employment centres, restaurants, outdoor recreation and convenient access to the DFW airport.”

Upon completion of the acquisition of La Villita, Pure Multi-Family’s portfolio consists of 20 multi-family properties comprising an aggregate of 6,515 residential units, situated on 340 acres of land.

Pure Multi-Family is a Canadian based, publically traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-family real estate assets.

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ORLANDO, FL – Emma Capital Investments announced the acquisition of a 408 unit garden-style community, The Adelaide Apartments (formerly named Advenir at Broadwater), located at 6677 Tangelwood Bay Drive, Orlando, 32821. This is Emma Capital’s first investment in Orlando and its 22nd acquisition in the U.S., adding to Emma Capital’s total portfolio to date of approximately 5,500 apartment units.

The Adelaide Apartments were built in 1987 and contain 408 residential units in 22 two-storey buildings. The Property offers 4 different floor plans made up of 136 One-bedroom units and 272 Two-bedroom units, averaging 817 square feet per unit. The Property boasts a well-maintained community in which residents delight in a relaxing, comfortable lifestyle with gorgeous landscaping and an attractive amenity package. Specifically, the community features two resort-style swimming pools, an outdoor summer kitchen, a grill station, numerous picnic/BBQ areas, car cleaning station, a children’s playground, dog park, racquetball court, fitness centre with both machines and free weights and in-suite washer and dryer in every unit.

The community is located in the South Orange County/Lake Buena Vista submarket of Orlando, Florida. The Property is well-positioned along International Drive, a major street which generates brilliant visibility, and is proximal to numerous employment areas, amenities and transportation nodes, providing connectivity throughout Central Florida. The Property is within ten (10) miles of approximately 130,000 jobs – including jobs with major employers such as Sea World Orlando, Walt Disney World, Universal Resort Orlando Lockheed Martin, the Orange County Convention Center, Darden Restaurants, Westgate Resorts, and Rosen Hotels.

“We are extremely excited about this acquisition,” stated founding Partner and Co-Owner Haya Zilberboim. “The strength of the Orlando market and the strong amenity package of the Property provides Emma Capital with the opportunity to immediately focus on rent growth initiatives such as income-boosting unit interior upgrades.”

“We are enthusiastic about our expansion into the Orlando market,” added Partner and Co-Owner Oz Cohen. We continue to do on our growth strategy with quality assets in strong markets.” We intend to expand our presence in our current markets as well as continue to continue our expansion to other Southeast submarkets such as Nashville and Tampa.”

“The submarket has achieved strong rent growth over the past number of years and is forecast to continue to grow through 2020”, added Brian Rakowski, Emma Capital’s Asset Manager for the Florida Market. “Moreover, the submarket is relatively affluent and its population is expected to rise by approximately 11% by 2020. We believe that such demographics present strong opportunities for Emma Capital.”

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LOS ANGELES, CA – International award-winning KTGY Architecture + Plotting announced today the firm’s Los Angeles office has completed its sixth year of teaching and mentoring students attending Bell High School in the City of Bell, Calif. Through the ACE (Architecture-Construction-Engineering) Mentor Program Los Angeles, volunteer mentors and staff from KTGY’s Los Angeles office provide Bell High School ACE students with bi-weekly hands-on learning activities and classes relating to the field of design-build to educate, mentor and inspire these students throughout the school year.

In addition to supporting the ACE Mentor program, KTGY gives an annual monetary donation to the ACE Mentor program, which provides scholarship money for ACE Mentor program graduates. According to Manny Gonzalez, FAIA, managing principal of KTGY’s Los Angeles office, “KTGY’s ACE mentors and volunteers plot, coordinate and deliver a substantive bi-weekly program that educates 20 Bell High School students annually about the design and construction industry.”

KTGY Project Manager Anabel Martinez,has been involved in the ACE Mentor Program for nearly 14 years and was selected as the ACE Mentor Los Angeles “Architect Mentor of the Year” in the past for her mentorship, team leader activity, and dedication to the growth and impact of ACE Mentor Los Angeles at Bell High School.

Martinez is the liaison for KTGY’s ACE Mentor volunteer staff members and Maria Setaro, project associate, has served as the team leader in charge of plotting and coordinating mentor activities and lessons. She has been helped by Fernanda Frisby, senior designer; Jose Cerezo, senior job captain; Arthur Zohrabians, project associate; and Liz Vento, project associate. Oliver Inauen, project manager, has been involved with the West Los Angeles ACE Mentoring Team.

“At KTGY, we are grateful for the opportunity to work with the students at Bell High School,” said Martinez. “Introducing them to career possibilities in the construction and design industry sparks their excitement and this is contagious! Some of our students are the first in their family to attend college or trade school. The ACE Mentor program is a fantastic example of how doors can open when you share your life with young people.”

Setaro adds, “One of the many things I look forward to is the interaction with our students. We get inspired and motivated with their energy and creativity to develop design activities. We also strongly promote team collaboration and mentorship to the students. These two are very applicable not only in the classroom but in a real-world setting. Greater achievements can be accomplished when you support, contribute, and elevate your team; and both KTGY and ACE are fantastic examples of cultivating team player attitudes.”

Last year, KTGY volunteers and the Bell High School Ace Mentor program students toured the landmark Wilshire Grand Tower that was under construction at the time in downtown Los Angeles. “The students learned about the site complexities and limitations of building this 73-tale high-rise, which will be the tallest building west of the Mississippi, and is designed to sway up to eight feet in each direction during an earthquake,” said Martinez. “Everyone’s favorite part of the tour was taking the construction elevator up to the 65th floor and enjoying the incredible views of Los Angeles.”

The group also visited the Frank Gehry exhibit at the Los Angeles County Museum of Art (LACMA).  Martinez said, “Several of our students had never been previously to LACMA or even to an art museum. These kinds of activities serve to inspire and spark the imagination.”

The ACE Mentor team will launch the new 2017-2018 program in September. For more information about ACE Mentor Program, see www.acementor.org

Celebrating 25 years, KTGY Architecture + Plotting is an international award-winning full-service architecture and plotting firm delivering innovation, artistry and attention to detail across multiple offices and studios, ensuring that clients and communities get the best the firm has to offer no matter the building type or location.

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