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Pure Multi-Family REIT secures court approval for US$1.2B Cortland deal

Pure Multi-Family REIT LP said the Supreme Court of British Columbia granted a final order approving the Canada-based company's proposed US$1.2 billion sale to an affiliate of Cortland Partners LLC.

The proposed deal, which was recently approved by the Canadian multifamily landlord's unit holders, is expected to close Sept. 27, subject to certain conditions.