VANCOUVER, Jan. 5, 2018 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) is pleased to announce the appointment of Mr. Maurice (Maish) Kagan as an independent director to the Board of Directors (the “Board”) of Pure Multi-Family REIT (GP) Inc., the governing general partner of Pure Multi-Family, effective immediately.
Mr. Kagan is currently the President of Canal Group, a residential and commercial property holding company.
Previously, Mr. Kagan was Chief Executive Officer and owner of Sparkle Solutions Inc., a route operator servicing over 13,000 laundry machines serving the multi-residential housing industry in Canada. Sparkle Solutions Inc. was acquired by a U.S. based laundry operator in 2013.
In 1997, Mr. Kagan spearheaded the launch of Residential Equities Real Estate Investment Trust (“RESREIT”), and acted as its Chief Financial Officer until its sale to Canadian Apartment Properties Real Estate Investment Trust (TSX: CAR.UN) in 2003. Prior to 1997, Mr. Kagan was the Chief Financial Officer of the Greenwin Group, a company that managed over 20,000 apartment units in Ontario, Canada.
Mr. Kagan is currently a Director of Kew Media Group (TSX: KEW) and Cliffside Capital Ltd. (TSXV: CEP).
Mr. Kagan was previously a board member for InterRent REIT (TSX â IIP.UN), and he acted as Chair of the Audit Committees of both Carfinco Financial Group Inc., a lender in the automotive sector throughout Canada, and Lonestar West Inc. a company providing hydro vac, vacuum and water truck services across North America.
Mr. Kagan qualified as a Chartered Accountant in South Africa in 1981, has a Bachelor of Commerce from the University of Cape Town, and has a certificate in the Theory of Accountancy.
Robert King, Chair of the Board, stated, “We are pleased to announce the appointment of Maurice Kagan as an independent member of the Board. He brings a depth of financial, audit, corporate governance and real estate expertise and his experience as both public company executive and board member will further enhance our existing depth of experience on the board.”
About Pure Multi-Family REIT LP
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE Pure Multi-Family REIT LP
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