Richmond American Homes Announces Two Community Grand Openings In Northern Virginia

RESTON, Va., Sept. 7, 2017 /PRNewswire/ -- Richmond American Homes of Virginia, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is excited to announce the debut of two exceptional new communities in northern Virginia. Twin Lakes Overlook and Mountain Brook Estates are now selling, and model homes will open for tours at both locations later this year.

Just minutes from Old Town Winchester, Twin Lakes Overlook offers seven inspired ranch and two-story floor plans with two to seven bedrooms and approximately 2,000 to 3,700 square feet. Prices at this community, which features a picturesque lake and trails, start from the low $300s. Prospective buyers can look forward to touring the Amherst and Decker model homes within the next few months.

Mountain Brook Estates boasts six exciting floor plans, including three from the builder's sought-after Seasons™ Collection, designed to put homeownership within reach for a wide range of buyers. This notable new neighborhood – within walking distance of downtown Culpeper – offers two to six bedrooms and approximately 1,985 to 2,785 square feet, from the mid $200s. Residents will appreciate a community playground and easy access to popular commuter routes. The Citrine model will open for tours later this year.

Call 540.548.4435 or visit RichmondAmerican.com for more information.

About M.D.C. Holdings, Inc.

Since 1977, MDC's homebuilding subsidiary companies, which operate under the name Richmond American Homes, have built and financed the American dream for more than 190,000 homebuyers. MDC's commitment to customer satisfaction, quality and value is reflected in the homes its subsidiaries build. MDC is one of the largest homebuilders in the United States. Its subsidiaries have homebuilding operations across the country, including the metropolitan areas of Denver, Northern Colorado,  Colorado Springs, Salt Lake City, Las Vegas, Phoenix, Tucson, Riverside-San Bernardino, Los Angeles, San Diego, Orange County, San Francisco Bay Area, Sacramento, Washington D.C., Baltimore, Northern Virginia, Orlando, Jacksonville, South Florida and Seattle. MDC's subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit MDCHoldings.com.

 

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SOURCE M.D.C. Holdings, Inc.

CINC (Commissions Inc) Named the 20th Best Place to Work in Atlanta by the Atlanta Business Chronicle

ATLANTA, Sept. 7, 2017 /PRNewswire/ -- CINC (Commissions Inc), the #1 real estate tech solution powering elite teams, has been selected for Atlanta Business Chronicle's (ABC) 2017 Best Places to Work Awards for the third consecutive year. CINC was recognized via a congratulatory dinner and reception at the InterContinental Buckhead on Wednesday September 6, 2017, where the ABC peeled back the curtain to reveal the best employers Atlanta has to offer.

"We are delighted to again be included amongst the most sought-after companies to work for in Atlanta," said Jason Hoback, co-CEO of CINC. "This honor reaffirms how focused our leadership team is on remaining anchored to our core values and believing in people and their dreams, even as we continue to grow."

The Best Places to Work Awards ceremony is conducted annually by the Atlanta Business Chronicle in an effort to recognize successful companies who go above and beyond to create a positive work environment for their employees. In conjunction with Quantum Workplace, each nominated company participated in a confidential employee survey from mid-June to late July. Companies were then ranked based exclusively on employee survey responses regarding work environment, people practices and other culture-oriented metrics.

CINC employees enjoy a number of fun and unique benefits such as company-provided catered lunch daily, a generous 401K plan, an Employee Stock Purchase Plan, and a dog-friendly work environment, among others. CINC is currently hiring for a number of Success Partner positions to join its enthusiastic and rapidly growing employee base. For more information about current employment opportunities at CINC visit: https://www.commissionsinc.com/careers/

About Commissions Inc (CINC)
Founded in Marietta, Georgia in 2011, CINC (Commissions Inc.) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The solution includes a consumer website that integrates with local MLS data, a complete CRM platform that allows real estate agents to nurture clients and monitor their business, and access to three mobile apps (CINC Agent App, Houses.net, Open Houses by CINC). Built with the support and input of some of North America's top brokers, CINC powers the business for thousands of agents and connects them with millions of consumers every month.

Press Contact:
Brandy Commodore
Marketing and Communications Manager
Brandy.commodore@commissionsinc.com
855-259-7277

 

View original content with multimedia:http://www.prnewswire.com/news-releases/cinc-commissions-inc-named-the-20th-best-place-to-work-in-atlanta-by-the-atlanta-business-chronicle-300515888.html

SOURCE CINC (Commissions Inc)

CINC (Commissions Inc) Named the 20th Best Place to Work in Atlanta by the Atlanta Business Chronicle

ATLANTA, Sept. 7, 2017 /PRNewswire/ -- CINC (Commissions Inc), the #1 real estate tech solution powering elite teams, has been selected for Atlanta Business Chronicle's (ABC) 2017 Best Places to Work Awards for the third consecutive year. CINC was recognized via a congratulatory dinner and reception at the InterContinental Buckhead on Wednesday September 6, 2017, where the ABC peeled back the curtain to reveal the best employers Atlanta has to offer.

"We are delighted to again be included amongst the most sought-after companies to work for in Atlanta," said Jason Hoback, co-CEO of CINC. "This honor reaffirms how focused our leadership team is on remaining anchored to our core values and believing in people and their dreams, even as we continue to grow."

The Best Places to Work Awards ceremony is conducted annually by the Atlanta Business Chronicle in an effort to recognize successful companies who go above and beyond to create a positive work environment for their employees. In conjunction with Quantum Workplace, each nominated company participated in a confidential employee survey from mid-June to late July. Companies were then ranked based exclusively on employee survey responses regarding work environment, people practices and other culture-oriented metrics.

CINC employees enjoy a number of fun and unique benefits such as company-provided catered lunch daily, a generous 401K plan, an Employee Stock Purchase Plan, and a dog-friendly work environment, among others. CINC is currently hiring for a number of Success Partner positions to join its enthusiastic and rapidly growing employee base. For more information about current employment opportunities at CINC visit: https://www.commissionsinc.com/careers/

About Commissions Inc (CINC)
Founded in Marietta, Georgia in 2011, CINC (Commissions Inc.) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The solution includes a consumer website that integrates with local MLS data, a complete CRM platform that allows real estate agents to nurture clients and monitor their business, and access to three mobile apps (CINC Agent App, Houses.net, Open Houses by CINC). Built with the support and input of some of North America's top brokers, CINC powers the business for thousands of agents and connects them with millions of consumers every month.

Press Contact:
Brandy Commodore
Marketing and Communications Manager
Brandy.commodore@commissionsinc.com
855-259-7277

 

View original content with multimedia:http://www.prnewswire.com/news-releases/cinc-commissions-inc-named-the-20th-best-place-to-work-in-atlanta-by-the-atlanta-business-chronicle-300515888.html

SOURCE CINC (Commissions Inc)

CINC (Commissions Inc) Named the 20th Best Place to Work in Atlanta by the Atlanta Business Chronicle

ATLANTA, Sept. 7, 2017 /PRNewswire/ -- CINC (Commissions Inc), the #1 real estate tech solution powering elite teams, has been selected for Atlanta Business Chronicle's (ABC) 2017 Best Places to Work Awards for the third consecutive year. CINC was recognized via a congratulatory dinner and reception at the InterContinental Buckhead on Wednesday September 6, 2017, where the ABC peeled back the curtain to reveal the best employers Atlanta has to offer.

"We are delighted to again be included amongst the most sought-after companies to work for in Atlanta," said Jason Hoback, co-CEO of CINC. "This honor reaffirms how focused our leadership team is on remaining anchored to our core values and believing in people and their dreams, even as we continue to grow."

The Best Places to Work Awards ceremony is conducted annually by the Atlanta Business Chronicle in an effort to recognize successful companies who go above and beyond to create a positive work environment for their employees. In conjunction with Quantum Workplace, each nominated company participated in a confidential employee survey from mid-June to late July. Companies were then ranked based exclusively on employee survey responses regarding work environment, people practices and other culture-oriented metrics.

CINC employees enjoy a number of fun and unique benefits such as company-provided catered lunch daily, a generous 401K plan, an Employee Stock Purchase Plan, and a dog-friendly work environment, among others. CINC is currently hiring for a number of Success Partner positions to join its enthusiastic and rapidly growing employee base. For more information about current employment opportunities at CINC visit: https://www.commissionsinc.com/careers/

About Commissions Inc (CINC)
Founded in Marietta, Georgia in 2011, CINC (Commissions Inc.) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The solution includes a consumer website that integrates with local MLS data, a complete CRM platform that allows real estate agents to nurture clients and monitor their business, and access to three mobile apps (CINC Agent App, Houses.net, Open Houses by CINC). Built with the support and input of some of North America's top brokers, CINC powers the business for thousands of agents and connects them with millions of consumers every month.

Press Contact:
Brandy Commodore
Marketing and Communications Manager
Brandy.commodore@commissionsinc.com
855-259-7277

 

View original content with multimedia:http://www.prnewswire.com/news-releases/cinc-commissions-inc-named-the-20th-best-place-to-work-in-atlanta-by-the-atlanta-business-chronicle-300515888.html

SOURCE CINC (Commissions Inc)

CINC (Commissions Inc) Named the 20th Best Place to Work in Atlanta by the Atlanta Business Chronicle

ATLANTA, Sept. 7, 2017 /PRNewswire/ -- CINC (Commissions Inc), the #1 real estate tech solution powering elite teams, has been selected for Atlanta Business Chronicle's (ABC) 2017 Best Places to Work Awards for the third consecutive year. CINC was recognized via a congratulatory dinner and reception at the InterContinental Buckhead on Wednesday September 6, 2017, where the ABC peeled back the curtain to reveal the best employers Atlanta has to offer.

"We are delighted to again be included amongst the most sought-after companies to work for in Atlanta," said Jason Hoback, co-CEO of CINC. "This honor reaffirms how focused our leadership team is on remaining anchored to our core values and believing in people and their dreams, even as we continue to grow."

The Best Places to Work Awards ceremony is conducted annually by the Atlanta Business Chronicle in an effort to recognize successful companies who go above and beyond to create a positive work environment for their employees. In conjunction with Quantum Workplace, each nominated company participated in a confidential employee survey from mid-June to late July. Companies were then ranked based exclusively on employee survey responses regarding work environment, people practices and other culture-oriented metrics.

CINC employees enjoy a number of fun and unique benefits such as company-provided catered lunch daily, a generous 401K plan, an Employee Stock Purchase Plan, and a dog-friendly work environment, among others. CINC is currently hiring for a number of Success Partner positions to join its enthusiastic and rapidly growing employee base. For more information about current employment opportunities at CINC visit: https://www.commissionsinc.com/careers/

About Commissions Inc (CINC)
Founded in Marietta, Georgia in 2011, CINC (Commissions Inc.) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The solution includes a consumer website that integrates with local MLS data, a complete CRM platform that allows real estate agents to nurture clients and monitor their business, and access to three mobile apps (CINC Agent App, Houses.net, Open Houses by CINC). Built with the support and input of some of North America's top brokers, CINC powers the business for thousands of agents and connects them with millions of consumers every month.

Press Contact:
Brandy Commodore
Marketing and Communications Manager
Brandy.commodore@commissionsinc.com
855-259-7277

 

View original content with multimedia:http://www.prnewswire.com/news-releases/cinc-commissions-inc-named-the-20th-best-place-to-work-in-atlanta-by-the-atlanta-business-chronicle-300515888.html

SOURCE CINC (Commissions Inc)

CINC (Commissions Inc) Named the 20th Best Place to Work in Atlanta by the Atlanta Business Chronicle

ATLANTA, Sept. 7, 2017 /PRNewswire/ -- CINC (Commissions Inc), the #1 real estate tech solution powering elite teams, has been selected for Atlanta Business Chronicle's (ABC) 2017 Best Places to Work Awards for the third consecutive year. CINC was recognized via a congratulatory dinner and reception at the InterContinental Buckhead on Wednesday September 6, 2017, where the ABC peeled back the curtain to reveal the best employers Atlanta has to offer.

"We are delighted to again be included amongst the most sought-after companies to work for in Atlanta," said Jason Hoback, co-CEO of CINC. "This honor reaffirms how focused our leadership team is on remaining anchored to our core values and believing in people and their dreams, even as we continue to grow."

The Best Places to Work Awards ceremony is conducted annually by the Atlanta Business Chronicle in an effort to recognize successful companies who go above and beyond to create a positive work environment for their employees. In conjunction with Quantum Workplace, each nominated company participated in a confidential employee survey from mid-June to late July. Companies were then ranked based exclusively on employee survey responses regarding work environment, people practices and other culture-oriented metrics.

CINC employees enjoy a number of fun and unique benefits such as company-provided catered lunch daily, a generous 401K plan, an Employee Stock Purchase Plan, and a dog-friendly work environment, among others. CINC is currently hiring for a number of Success Partner positions to join its enthusiastic and rapidly growing employee base. For more information about current employment opportunities at CINC visit: https://www.commissionsinc.com/careers/

About Commissions Inc (CINC)
Founded in Marietta, Georgia in 2011, CINC (Commissions Inc.) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The solution includes a consumer website that integrates with local MLS data, a complete CRM platform that allows real estate agents to nurture clients and monitor their business, and access to three mobile apps (CINC Agent App, Houses.net, Open Houses by CINC). Built with the support and input of some of North America's top brokers, CINC powers the business for thousands of agents and connects them with millions of consumers every month.

Press Contact:
Brandy Commodore
Marketing and Communications Manager
Brandy.commodore@commissionsinc.com
855-259-7277

 

View original content with multimedia:http://www.prnewswire.com/news-releases/cinc-commissions-inc-named-the-20th-best-place-to-work-in-atlanta-by-the-atlanta-business-chronicle-300515888.html

SOURCE CINC (Commissions Inc)

Pembrook Provides $22.3M Refinancing for Los Angeles Property Portfolio

New Loan Supports Renovation and Lease-up of Four Multifamily Properties in Koreatown and Silver Lake, and Commercial Asset in BeverlywoodPembrook Continues Public School Contribution Program, Matching Transaction With Donation to Los Angeles High School of the Arts in Koreatown

LOS ANGELES, Sept. 7, 2017 /PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook") announced the closing of a $22.3 million first mortgage loan to refinance a five-property portfolio located in Los Angeles, CA. The portfolio consists of four multi-family properties totaling 148 units and one 6,700 SF commercial property. The refinancing provides the sponsor with a more attractive financing package and fresh capital to improve residential units, which in turn will enhance the overall value of the portfolio.

"This portfolio is heavily weighted toward multifamily, and we continue to see opportunities in urban infill locations for workforce housing," said Stuart J. Boesky, CEO of Pembrook. "We're pleased to complete this loan and support the sponsor's plan to improve and enhance these properties."

"Today in Los Angeles, there is significant renter demand for rental product that is located close to employment centers and public transportation and still offers reasonable rents, especially because most new product in Los Angeles comes with extremely high rents given the dearth of developable sites and high land prices," added Christopher Simon, Head of West Coast Originations for Pembrook.

Three of the multifamily properties are located in and around Koreatown, and one multifamily property is located in Silver Lake. The commercial property is located in Beverlywood, just south of Beverly Hills. The residential units are most likely to appeal to workforce tenants, and the commercial property to smaller businesses.

In tandem with the closing of the portfolio refinancing transaction, Pembrook is continuing its public school contribution program by making a donation to the Los Angeles High School of the Arts in Koreatown. Under the program, Pembrook matches each transaction with a contribution to a local public school. Los Angeles High School of the Arts is a public, tuition free school that creates a four-year college preparatory program while emphasizing the performing arts, drama, singing, and acting. Students take classes in set design, sound production, and lighting design, and are responsible for the writing, directing, and casting of their own plays in addition to traditional academic subjects. Los Angeles High School of the Arts is the fourth school to receive a contribution from Pembrook following the launch of the program in Spring 2017.

Pembrook is a real estate investment manager that provides financing throughout the capital structure.  The firm has originated or participated in investments totaling over $1 billion since it began investing in 2007.

About Pembrook Capital Management, LLC

Founded in 2006 by Stuart J. Boesky, Pembrook Capital Management invests in and originates commercial real estate debt to finance all parts of a capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity across the United States. The firm invests in most commercial real estate property categories, including multifamily, office, retail and industrial. http://www.pembrookgroup.com/

Media Contact
Great Ink Communications, (212) 741-2977
Tom Nolan 
Eric Waters 
175405@email4pr.com

View original content:http://www.prnewswire.com/news-releases/pembrook-provides-223m-refinancing-for-los-angeles-property-portfolio-300515686.html

SOURCE Pembrook Capital Management

Pembrook Provides $22.3M Refinancing for Los Angeles Property Portfolio

New Loan Supports Renovation and Lease-up of Four Multifamily Properties in Koreatown and Silver Lake, and Commercial Asset in BeverlywoodPembrook Continues Public School Contribution Program, Matching Transaction With Donation to Los Angeles High School of the Arts in Koreatown

LOS ANGELES, Sept. 7, 2017 /PRNewswire/ -- Pembrook Capital Management LLC ("Pembrook") announced the closing of a $22.3 million first mortgage loan to refinance a five-property portfolio located in Los Angeles, CA. The portfolio consists of four multi-family properties totaling 148 units and one 6,700 SF commercial property. The refinancing provides the sponsor with a more attractive financing package and fresh capital to improve residential units, which in turn will enhance the overall value of the portfolio.

"This portfolio is heavily weighted toward multifamily, and we continue to see opportunities in urban infill locations for workforce housing," said Stuart J. Boesky, CEO of Pembrook. "We're pleased to complete this loan and support the sponsor's plan to improve and enhance these properties."

"Today in Los Angeles, there is significant renter demand for rental product that is located close to employment centers and public transportation and still offers reasonable rents, especially because most new product in Los Angeles comes with extremely high rents given the dearth of developable sites and high land prices," added Christopher Simon, Head of West Coast Originations for Pembrook.

Three of the multifamily properties are located in and around Koreatown, and one multifamily property is located in Silver Lake. The commercial property is located in Beverlywood, just south of Beverly Hills. The residential units are most likely to appeal to workforce tenants, and the commercial property to smaller businesses.

In tandem with the closing of the portfolio refinancing transaction, Pembrook is continuing its public school contribution program by making a donation to the Los Angeles High School of the Arts in Koreatown. Under the program, Pembrook matches each transaction with a contribution to a local public school. Los Angeles High School of the Arts is a public, tuition free school that creates a four-year college preparatory program while emphasizing the performing arts, drama, singing, and acting. Students take classes in set design, sound production, and lighting design, and are responsible for the writing, directing, and casting of their own plays in addition to traditional academic subjects. Los Angeles High School of the Arts is the fourth school to receive a contribution from Pembrook following the launch of the program in Spring 2017.

Pembrook is a real estate investment manager that provides financing throughout the capital structure.  The firm has originated or participated in investments totaling over $1 billion since it began investing in 2007.

About Pembrook Capital Management, LLC

Founded in 2006 by Stuart J. Boesky, Pembrook Capital Management invests in and originates commercial real estate debt to finance all parts of a capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity across the United States. The firm invests in most commercial real estate property categories, including multifamily, office, retail and industrial. http://www.pembrookgroup.com/

Media Contact
Great Ink Communications, (212) 741-2977
Tom Nolan 
Eric Waters 
175405@email4pr.com

View original content:http://www.prnewswire.com/news-releases/pembrook-provides-223m-refinancing-for-los-angeles-property-portfolio-300515686.html

SOURCE Pembrook Capital Management

Indigo Square Property: Property Rental the New Tenure of Choice for the Retired

GLASGOW, Scotland, September 7, 2017 /PRNewswire/ --

Leading Scottish Property advisors Indigo Square Property Ltd have been reviewing the findings of a recent report that indicated that renting appears to be a new trend amongst pensioners. According to the report the past decade has seen an increased number of retired people in the private rented sector across the UK, where around one in every 12 tenants is a retiree. As a consequence of these changes, pensioners now account for 8% of all tenants, compared with 5.2% ten years ago, according to the research. It is now estimated that £1 in every £14 paid by tenants in the UK now comes from a person who is retired and this translates to an average monthly rent of £810, up 19% since 2007, yet this is 12% less than the amount paid by the typical tenant, since pensioners tend to live in smaller properties and areas where rents are lower.

According to the study, three quarters of retirees rent a one or two bedroom property, compared with two thirds of all tenants. So just why do we have this spike in people over 65 living in rented accommodation? "There are many reasons why elderly people are renting and each will be specific to them but in general they fall into a couple of categories," said Brian Gilmour of Indigo Square Property Ltd. "One of the simplest reasons is that people are living longer and therefore those who live in rented are living in rented longer and pushing up the figures."

Brian Gilmour then went on, "we also have the new terminology of 'Silver Splitters' referring to the increasing number of people over the age of 60 who are getting divorced and one partner requiring another home. At 60+ getting a mortgage is not so easy and renting is often seen as the only option."

The study seemed to indicate that these changes to the size of the retired rental market are a surprise market but Brian Gilmour was not so taken aback. "The Right to Buy changes in this country were part of a change of mindset. Your house was no longer just a home but an asset that would grow. What's the point in having this asset if you don't do anything with it?" Gilmour went on. "Perhaps, as a society, we should be more pro-active in facilitating this asset release with more lenders offering Lifetime Mortgages."

The figures in the survey also indicate that perhaps, after decades of growth in homeownership rates in Scotland we are now seeing a levelling off and a re-adjustment of housing tenure mix as Gilmour explains, "We used to be much more of a renting nation with under 40% owner-occupiers in Scotland prior to the 1979 election to 63% by the millennium. Since the recession it has settled to around 58%." 

So, with properties under management in both their property factoring and property letting divisions, how does Indigo Square Property Ltd see the future of housing tenure changing in Scotland and the future of lettings? "With the percentage of people at the start and end of the home occupiers' cycle increasingly living in rented, we may be moving more to the continental model of greater rental as a whole. Moreover as more young people rent for longer and older people are moving back into rented." Brian Gilmour finished with an assessment that, "These changes to behaviour and attitudes may well decrease the overriding perception of the last 30 years that owning is the 'best' way to live."

About Indigo Square Property Ltd 

Indigo Square Property Ltd is a privately owned Scottish company operating a Letting and Property Factoring and Management company.

About Brian Gilmour 

Brian has been working in Scottish property for 25 years and is a founding director of Indigo Square Property Ltd and has been working in Scottish property for 25 years. Brian appears every second Tuesday on the BBC Radio Scotland Call Kaye show between 10am and 11am as the resident property expert on their property surgery phone-in.

Pure Multi-Family REIT LP Provides Update on its Multi-Family Apartment Properties in Houston Texas

VANCOUVER, Sept. 7, 2017 /PRNewswire/ - 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."

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.

Additional information about Pure Multi-Family is available at www.puremultifamily.com or www.sedar.com.

Forward-Looking Information

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward looking statements in this news release include: (a) repairs are underway at both properties.

Although Pure Multi-Family believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Pure Multi-Family can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the impact of any natural disaster, factors affecting insurance coverage in the areas where Pure Multi-Family operates, competitive factors in the industries in which Pure Multi-Family operates, prevailing economic conditions, the failure to obtain necessary regulatory approvals or satisfy the conditions to closing any proposed acquisitions, and other factors, many of which are beyond the control of Pure Multi-Family.

The forward-looking statements contained in this news release represent Pure Multi-Family's expectations as of the date hereof, and are subject to change after such date. Pure Multi-Family disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE Pure Multi-Family REIT LP