AH Realty Trust closes sale of nine multifamily properties to Harbor Group for $485 million
AH Realty Trust, Inc.
AH Realty Trust, Inc. AHRT | 0.00 |
- AH Realty Trust closed the sale of nine multifamily properties to Harbor Group affiliates for a gross sales price of USD 485 million.
- Proceeds of about USD 465 million were used to pay down debt, supporting a long-term leverage target of 5.5x to 6.5x net debt to total adjusted EBITDA.
- Two additional multifamily assets, Greenside and Premier, remain under contract to Harbor Group affiliates for USD 50 million and USD 27 million, with closings expected by end-2026 and mid-2027.
- Separate from the 11-asset transaction, The Everly and Solis Gainesville are being marketed for sale, while Smith's Landing is expected to be retained.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AH Realty Trust Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210600PRIMZONEFULLFEED9724406) on May 21, 2026, and is solely responsible for the information contained therein.
