Pure Multi-Family REIT LP PMULF

Real Estate REIT - Diversified

"Pure Multi-Family REIT LP is a Canada-based real estate investment trust. It invests in multi-family real estate properties focused on luxury resort-style apartment communities in the United States, which offers investors exclusive exposure to U.S. multi-family real estate assets. Its portfolios are in Dallas, Texas, Arizona, Houston, Georgia, San Antonio, Phoenix, and Nevada. Its portfolio includes Pure Fillmore Appartments, Pure Farmers Market Apartments, Lansbrook At Twin Creeks, The Avenue

OTCQX:PMULF - Post by User

Pure Multi-Family REIT LP > New BUYOUT offer!

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Comment by maypeterson Jun 27, 2019 3:00pm

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Post# 29871054

RE:RE:RE:RE:New BUYOUT offer!

but hardly any premium for the consolidated portfolio that is assembled. Just offering few cents above NAV is not enough to me as a shareholder. Increasing last offer by 2 cents makes no difference. Would rather have them continue along the path they are instead of selling out to these guys at this price.

DanielDarden123 wrote:
ALEA has proposed to undertake expedited, limited due diligence and engage with Pure's Board to negotiate the definitive terms of a consensual transaction that is in the best interests of all stakeholders. ALEA has also offered to deposit in escrow $40 million in cash to secure its reverse break fee obligations.

Looks like they are hot to trot. Competition will do that.