OTCQX:PMULF - Post by User
Post by
TimeBuilderon Sep 07, 2017 8:37am
137 Views
Post# 26665195
STORM UPDATE = NR
STORM UPDATE = NRFYI: Press release from CNW Group
Pure Multi-Family REIT LP Provides Update on its Multi-Family Apartment Properties in Houston Texas
Thursday, September 07, 2017
Pure Multi-Family REIT LP Provides Update on its Multi-Family Apartment Properties in Houston Texas
04:00 EDT Thursday, September 07, 2017
VANCOUVER, Sept. 7, 2017 /CNW/ - Pure Multi-Family REIT LP ("Pure Multi-Family") (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) is providing an update of the impact of Tropical Storm Harvey on its properties in and around Houston, Texas.
Broadstone Walker Commons is in very good condition with only minor leaks and minimal damage.
Deer Park Apartments requires further assessment, but we do not anticipate any material damages. Pure Multi-Family plans to provide additional updates in the event of a material change.
We are pleased to report that repairs are underway at both properties.
Steve Evans, Pure Multi-Family's CEO commented, "We feel very fortunate that both of our Houston properties have avoided any material damage from this major storm. Our thoughts and prayers go out to all those who were affected by this disaster. We have witnessed incredible acts of generosity and courage over the past few days, showing clear evidence that the true spirit of Texas can prevail."