Investment in apartment properties picked up during the second quarter. The $99.3 million that changed hands in 11 deals during the period amounted to the largest single-quarter dollar total since the third of 2008. The $128.5 million recorded for 17 sales year-to-date amounted to 91.1% of the total amassed in all of 2011. The mean selling price and average cap rate for the second quarter’s transactions were $39,000 per unit and 8.7%. The 12-month rolling mean cap rate per quarter-end was 9.9%, up from 7.5% a year earlier. In the latest quarter’s largest sale, the largest in a year, Faof Sedona LLC paid Eagle Beal Real Estate Group LLC $28.0 million ($87,227 per unit) in June for the 321-unit Sedona at Lone Mountain property in North Las Vegas.