Gregory S. Bates Of GID Investment Advisors Acquires Multifamily Asset From AvalonBay Communities For $64.3M

The transaction involves the sale of a multifamily asset located at 5555 14th Avenue Northwest in Seattle, WA. The property, known as the AVA Ballard apartment complex, features 265 units and was sold for $64,300,000, resulting in a price per unit of $242,642.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,300,000
• Address: 5555 14th Avenue Northwest
• Market: Seattle, WA
• Units: 265
• Price Per Unit: $242,642
• Buyer: Gregory S. Bates - GID Investment Advisors
• Seller: Benjamin W. Schall - AvalonBay Communities

Gregory S. Bates represented GID Investment Advisors in this transaction, while Benjamin W. Schall represented AvalonBay Communities. GID Investment Advisors acquired the AVA Ballard apartment complex from AvalonBay Communities, completing the transaction on 02/03/2025.