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Collins On Pine Apartment Complex Sells For $29.6M

If you own a Capitol Hill apartment complex, now is the time to cash in. While Equity Residential continues to buy up neighborhood property, they're also not the only ones getting in on the action.
Essex Property Trust purchased Collins on Pine (1222 E. Pine St.) on Monday for $29.6M. Rent for the 76 units in the high-end complex go between between $1,450 (studio) and $3,705 (2-BR).
· The string continues: Another new Capitol Hill apartment building sells [PSBJ]
· Equity Residential Buys Fourth Capitol Hill Complex For $36.1M [Curbed Seattle]