AH Realty Trust announced that it has entered into a binding agreement with Harbor Group International for the sale of an 11-asset multifamily portfolio for $562 million in cash.
The move aims to simplify AH Realty Trust’s operations while reallocating capital towards its core strategies. The sale proceeds will focus on debt reduction as AH Realty Trust plans to reduce its multifamily assets and concentrate on retail and office sectors for growth.
The company will retain some properties and pursue additional sales of its real estate investments. The transaction is anticipated to close in mid-2026, subject to customary conditions.
“This transaction allows us to realize that value, strengthen our balance sheet, and advance our focus toward a simpler real estate platform,” said Shawn Tibbetts, Chairman, President and Chief Executive Officer of AH Realty Trust.
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