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Equity Residential Buys Fourth Capitol Hill Complex For $36.1M

Equity Residential already owns Rianna Apartments, The Heights and the recently-purchase Piecora's Building. They've apparently gotten a taste for Capitol Hill and are adding to that portfolio with a $36.1M purchase of the 134-unit Three20 building, located at 320 E. Pine St. Rent in Three20 ranges from $1,390 for a studio to $1,955 for a one-bedroom. Equity now owns and manages 38 properties with over 7,700 units in and around Seattle.
· Apartment behemoth gobbles up another slice of Capitol Hill [PSBJ]
· Piecora Property Sold To Apartment Developer For $10.3M [Curbed Seattle]