Foulger Pratt Acquires MultiFamily Asset At 770 5th Street Northwest From AvalonBay For $86M

The asset involved in the transaction is a MultiFamily property located at 770 5th Street Northwest in Washington, DC. Foulger Pratt acquired the property from AvalonBay for a total sale price of $86,000,000. The property was previously known as Avalon at Gallery Place.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $86,000,000
• Buyer: Foulger Pratt
• Seller: AvalonBay
• Sale Date: 08/19/2025
• Address: 770 5th Street Northwest
• Market: Washington, DC

This transaction highlights the involvement of Foulger Pratt as the buyer, while AvalonBay acted as the seller in this deal. The acquisition represents a strategic move for Foulger Pratt in the competitive Washington, DC real estate market.