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VANCOUVER, BC – US multifamily real estate company, American Landmark / Electra America (ALEA) has submitted a proposal to acquire a Canadian REIT, seeking to expand into the global market.

ALEA’s written proposal to the Board of Pure Multi-Family REIT LP would acquire all outstanding Class A Units of Pure, for an all-cash price of  US$7.6 per unit, representing a 15% premium to the units’ last closing 20-day volume-weighted-average trading price on the Toronto Stock Exchange.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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