Pure Multi-Family REIT LP Announces Voting Results from the 2018 Annual and Special Meeting of Unitholders

VANCOUVER, May 25, 2018 /CNW/ - Pure Multi-Family REIT LP ("Pure Multi-Family" or the "REIT LP") (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) is pleased to announce that all of the matters presented at the annual and special meeting (the "Meeting") of Pure Multi-Family's unitholders (the "Unitholders") held on May 24, 2018, including: (i) fixing the number of directors (the "Directors") of Pure Multi-Family REIT (GP) Inc. (the "Governing GP"), the governing partner of the REIT LP; (ii) the election of the Directors of the Governing GP; (iii) the re-appointment of KPMG LLP, Chartered Accountants, as auditor of Pure Multi-Family and authorizing the Directors to fix their remuneration; (iv) authorizing and approving certain amendments to Pure Multi-Family's Limited Partnership Agreement dated May 8, 2012, as amended and restated May 28, 2015 and as amended August 21, 2015 (the "LP Agreement") to remove Pure Multi-Family Management Limited Partnership as a general partner of Pure Multi-Family; (v) authorizing and approving certain amendments to the LP Agreement to remove certain restrictions on the Class B Units contained therein; and (vi) authorizing and approving, certain amendments to Pure Multi-Family's Restricted Unit Plan, were approved by the Unitholders.

Each of the Director Nominees listed in Pure Multi-Family's management information circular (the "Information Circular") dated April 9, 2018 were re-elected as Directors of the Governing GP. The voting results for the individual Directors are as follows:

Mr. James Speakman, a director since October 2013, did not stand for re-election.

"The board of directors wishes to thank Mr. Speakman for his leadership and many contributions to Pure Multi-Family. Mr. Speakman has been a committed, precise and enthusiastic member of the Board of Directors and its Nominating and Governance Committee since October, 2013. We wish him the very best," said Robert King, Pure Multi-Family's Chair.

For more information, please refer to Pure Multi-Family's Circular available on SEDAR at www.sedar.com.

About Pure Multi-Family REIT LP

Pure Multi-Family is a Canadian based, publicly 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 puremultifamily.com or sedar.com.

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SOURCE Pure Multi-Family REIT LP