CAPREIT announced it has completed the disposition of its 50 per cent, non-managing interest in three mature Ottawa rental properties.

Milestone Apartments Real Estate Investment Trust announced that it has entered into an agreement to purchase Park 9, a 275-unit, Class A multifamily apartment community a suburb of Atlanta, Georgia.

According to the 2014 Multi-Family Real Estate Report from Colliers International, the total number of sales transactions in Ottawa’s multi-family sector grew 61.54 per cent last year, making it one of the most attractive rental markets in Canada. At the same time, the total dollar value of multi-family asset transactions rose 33 per cent, year-over-year.

The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has acquired Grandin Tower, a 126-unit apartment property in Edmonton, Alta. At the same time, the company also sold four Toronto apartment buildings located on Wilson Ave.

Canadian-based Pure Multi-Family REIT LP (Pure Multi) has completed the sale of a 408-unit Texas apartment for $27.95-million U.S. Located at 2015 Randy Snow Rd. in a submarket of Dallas-Fort Worth, known as Arlington, the Sunset Point Apartments (Sunset Point) community was constructed in 1983.