Toronto's 3050 Glencrest Rd. sold for $16.35 million this September.

The third quarter of 2013 saw apartment prices hitting record levels, coming in at over $153,000 per suite.

In August, 150 Fermanagh Ave. sold for more than $12.8 million. The lowrise apartment building was included in a portfolio of three multi-residential properties located across Toronto.

CAPREIT has purchased a portfolio of 10 multi-residential buildings totalling 770 suites and 52,000 square feet of fully-leased commercial space in British Columbia, Toronto and Montreal.

Canadian-based Pure Multi-Family REIT LP has purchased two multi-family apartment communities in Dallas.

BLF Real Estate Investment Trust has acquired a multi-unit residential complex in Laval, Que.

CAPREIT has acquired four mixed-use properties in Dublin. It is the REIT’s first acquisition in Ireland.

After less than a year in operation, Ridgepointe at Pineview retirement residence has been sold to Chartwell Retirement Residences for $21.5.

Halifax-based Killam Properties Inc. has acquired a newly constructed eight-storey mixed-use building in downtown Toronto for $40 million.

In June, Westwood Abbey Apartments sold for $82.35 million. This was the largest multi-residential property investment in dollar volume during the second quarter for the Greater Toronto Area (GTA).

Pure Multi-Family REIT LP has closed its acquisition of Windsong Apartment Homes in Dallas, Texas, for $16.5 million. It was acquired at a going-in capitalization rate of 6.89 per cent.

Milestone Apartments REIT has entered into an agreement to purchase the Canyon Chase apartment community outside Denver, Colo., for $40.5 million from Milestone Real Estate Investors II LP, an affiliate of the Milestone Group.

Three sales in the first half of 2013 point to an interesting trend in the apartment industry.

In April, North Vancouver's 308 Forbes Ave. sold for a purchase price of $8.7 million.

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired a luxury apartment portfolio in Calgary.

Pure Multi-Family REIT has acquired a 560-unit multi-family apartment community in Texas.

CAPREIT has acquired a unique mid-tier portfolio of multi-residential buildings totalling 396 suites as well as one commercial unit located on the shores of Lake Ontario in the west end of Toronto.