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Pure Multi-Family REIT pushes back migration to Toronto Stock Exchange

Pure Multi-Family REIT LP has postponed its planned move to the Toronto Stock Exchange pending the outcome of its strategic review process.

The Canadian multifamily real estate investment trust is listed on the TSX Venture Exchange.

In April, the company launched a formal process to pursue a potential sale as part of an ongoing strategic review, following its rejection of buyout proposals from U.S. multifamily real estate operator Electra America Inc.