Foulger-Pratt pays $447M ($403k/unit) to buy a four property, 1,110-unit AvalonBay portfolio in D.C.

8/19/2025

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Bisnow

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Highrise, MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: AvalonBay Communities (NYSE: AVB), Foulger-Pratt

Foulger Pratt has struck a nearly half-billion-dollar deal to buy four D.C. apartment buildings from Arlington-based multifamily giant AvalonBay Communities.

Foulger-Pratt

Joe Clauser | Managing Director, Acquisitions & Capital Markets

[email protected]

240-499-9600

AvalonBay Communities (NYSE: AVB)

Matthew Birenbaum | CIO

[email protected]

703-329-6300