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Essex Property Trust Inc. Pays $52M for Kirkland Apartment Complex

Pacific Property Company Sells Montebello Apartments
By Benjamin Johannes
August 16, 2012 | 11:12 P.M.

Essex Property Trust Inc., a California-based REIT, acquired the 248-unit Montebello Apartments in Kirkland, WA from California-based developer Pacific Property Company for just under $52 million, or about $209,000 per unit.

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