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Cases & Deals

July 18, 2019

Cortland to Acquire Pure Multi-Family REIT in a Going Private Transaction


King & Spalding advised Cortland Partners, LLC, a multi-family real estate investment, development and management company, as it entered into a definitive agreement to acquire Pure Multi-Family REIT LP (TSX: RUF.U) in an all-cash transaction valued at US$1.2 billion. Pure is a Canadian publicly traded holding company that owns a U.S. REIT.

The transaction is structured as a statutory plan of arrangement under the British Columbia Business Corporations Act and is expected to close in Q4 2019.