AH Realty Trust Agrees $562M Sale of 11 Multifamily Assets to Harbor Group
AH Realty Trust entered a binding agreement to sell its 11-property multifamily portfolio for $562 million in cash, including a $15 million nonrefundable deposit, with closing expected mid-2026. Proceeds will be used to reduce leverage towards a 5.5x–6.5x net debt to EBITDA ratio and refocus on retail and office sectors.
1. Binding Sale Agreement
AH Realty Trust has signed a binding purchase and sale agreement with Harbor Group International to divest its entire 11-asset multifamily portfolio for $562 million in cash. The deal includes a $15 million nonrefundable deposit upon execution and is not contingent on Harbor Group securing financing, with closing anticipated in mid-2026.
2. Balance Sheet Impact
Sale proceeds are earmarked for debt reduction to achieve AH Realty Trust’s long-term leverage target of 5.5x–6.5x net debt to total adjusted EBITDA. By simplifying its capital structure, the company aims to strengthen its balance sheet and improve financial flexibility.
3. Strategic Transformation
This transaction marks a key milestone in AH Realty Trust’s transformation plan, which involves exiting multifamily and construction financing businesses to concentrate on retail and office sectors. The company rebranded under the AHRT ticker on March 2, 2026, and plans to redeploy capital into targeted retail acquisitions.
4. Remaining Portfolio and Future Plans
AHRT will retain Smith’s Landing and market Everly and Solis Gainesville for sale, completing its multifamily exit. The company is also in advanced talks to sell two real estate financing investments for approximately $63 million and expects to update investors as additional agreements close.