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Pure Multi-Family REIT LP announces it has entered into an agreement to sell Windsong Apartments for US$22.0 million

VANCOUVER, Dec. 8, 2015 (Canada NewsWire via COMTEX) -- Pure Multi- Family REIT LP ("Pure Multi") (RUF.U)(RUF.UN)(otcqx:PMULF) today announced that it has entered into an agreement to sell Windsong Apartments ("Windsong"), located in Dallas, Texas, for gross proceeds of US$22.0 million. The sale is expected to close on or around December 28, 2015. Windsong is comprised of 264 residential units, situated on 10.0 acres of land and was built in 1985. Pure Multi acquired Windsong in July 2013 for US$16.5 million. As part of Pure Multi's commitment to create value for its unitholders through selective dispositions of its Class B assets, Pure Multi anticipates using the net proceeds from this sale to improve the overall quality of the portfolio by acquiring a high-quality Class A property. Steve Evans, CEO, stated, "Having successfully executed our value-add initiatives at Windsong, we are excited to capture this value we have created through this profitabl...

Abode Properties Grows Portfolio with Acquisition of 160-Unit Oak Hollow Apartments in Seguin, Texas

SEGUIN, TX - Abode Properties announced its most recent transaction, adding another Class A multifamily asset to its steadily growing portfolio . Abode Properties welcomes Oak Hollow Apartments to its family of Class A multifamily residential properties . Oak Hollow is a 160- unit community located in Seguin, TX approximately 35 minutes east of San Antonio. Seguin is the county seat for Guadalupe County which currently sits as the 8th fastest growing county in Texas with a 47.75% increase in population from 2000-2010. Seguin is the retail hub for 3 counties, Guadalupe, Gonzalez and Wilson. Oak Hollow is the perfect place to call home. This master planned community is constructed with quality, sustainable materials, and is unsurpassed in providing energy efficient green initiatives as a standard feature. “We are excited to add this new asset to our portfolio. Oak Hollow is a premier gated community that provides tenants with a safe, stylish, energy efficie...

6 ‘Healthy’ Items for the Back-to-College Checklist

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Aug 22, 2017 - (Newswire) In addition to backpacks, phone chargers and dorm room decorations , your student's back-to-college checklist should include a few items to help ensure their good health during the next school year. "A lot of college students will have to learn how to take care of themselves while they're sick and away from home," said Martin Lustick, M.D., a pediatrician who is also corporate medical director at Excellus BlueCross BlueShield . "To help give Mom and Dad peace of mind, there are steps they can take now to help their child get the care they need while they're away at school." Here are "checklist" items to consider as you prepare your child for college: #1 On Your Checklist Your son or daughter should visit their doctor for an annual checkup. Make sure they're in good health before venturing off to school. They can ask about caring for themselves while at college and how they should acquire needed prescription...