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October 2015: CAPREIT buys 19 Metro apartment buildings

Canadian Apartment Properties REIT bought the 119-door apartment portfolio in Metro Vancouver for $170 million
The CBRE National Apartment Group, Vancouver, sales team of Lance Coulson, Tony Quattrin and Jim Szabo brokered the sale of a 19-building rental apartment portfolio to Toronto-based Canadian Apartment Properties Real Estate Investment Trust. All of the buildings are in suburban Metro Vancouver. The purchase price is $170 million. “We are very excited to be expanding our presence in the strong and vibrant Vancouver apartment market,” said Thomas Schwartz, President and CEO. It is considered the largest multi-family transaction in B.C. in many years, according to Coulson. 
From: Baybridge Seniors Housing Inc. Toronto, a subsidiary of the Ontario Teachers Pension Plan Board
Deal: Acquired 24 luxury senior residences in B.C., Alberta and Ontario from Amica Mature Lifestyles Inc. in an all-cash deal
Price: $578 million
From: Frontline Real Estate Services, Surrey
Agent: Todd Bohn 
Deal: 2.4-acre development site opportunity, 86th Avenue, Langley
Price: $2.2 million
From: Monark Group, Surrey
Submitted by: Monark sales manager Danny Camele 
Deal: 26,250 square feet of land sold for redevelopment to mixed-use commercial/residential, Renfrew Street, Vancouver
Price: $9 million
From: London Pacific Property Agents Inc., Burnaby
Agents: Ben Williams and Thomas Trowbridge 
Deal: Four-lot land assembly, total of 21,265 square feet in Marpole area, Vancouver
Price: $5.7 million
Deal: Two-lot land assembly, total of 11,216 square feet, Marpole area, Vancouver
Price: $4 million
Agents: Ben Williams with Bill Goold of Re/Max Bill Goold Realty
Deal: 420,135-square feet of gross residential development land, Metrotown area of Burnaby
Price: $38.7 million
From: NAI Commercial, Vancouver
Agents: Terry Harding, Jackson Tang and Brandon Harding 
Deal: 24-unit rental apartment building close to New Westminster SkyTrain station
Price: $3.81 million
From: DTZ Nanaimo Real Estate Ltd., Nanaimo
Agent: Randall Taylor 
Deal: Two properties totaling 2.76 acres and zoned for mixed-use development, central Nanaimo
Price: $1.75 million
From: Avison Young, Vancouver
Submitted by: Avison Young vice-presidents Michael Farrell and John Eakin 
Deal: 45,408-square-foot industrial warehouse on a 2.3-acre site, 103A Avenue, Surrey, sold in an off-market transaction
Price: $3.25 million
From: Re/Max Bill Goold Realty, Vancouver
Submitted by: Re/Max Bill Goold broker/owner Bill Goold 
Deal: 62-unit rental apartment building on a 52,272-square-foot lot, Union Avenue, Abbotsford
Price: $6.3 million
Deal: 10-unit rental apartment building, Fir Street, White Rock
Price: $1.96 million
Deal: 28-unit strata-titled apartment building, Campbell River
Price: $2 million
Deal: 192-unit rental apartment building on 3.46 acres, Langley
Price: $20.63 million
Deal: 192-unit rental apartment building on 17,160 square foot lot, Prince George
Price: $1.73 million
Agent: James Blair 
Deal: 23-unit rental apartment building on .75 acres, Cranbrook
Price: $1.7 million
From: William Wright Commercial, Vancouver
Agent: Cory Wright 
Deal: 1,734-square-foot retail investment property, Hamilton Street, Vancouver
Price: $2 million
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