AH Realty Trust Signs $562 Million Asset Sale Agreement with Harbor Group
AH Realty Trust has entered into a binding purchase and sale agreement with an affiliate of Harbor Group International, under which Harbor Group will acquire an 11-asset portfolio from AH Realty Trust for $562 million in cash, subject to certain adjustments. Under the terms of the agreement, a $15 million nonrefundable deposit is due upon execution and the transaction is not contingent on the receipt of financing by Harbor Group. The agreement formalizes the letter of intent previously disclosed by the Company on February 16, 2026, and represents a significant step toward simplifying AH Realty Trust's platform, reducing leverage, and reallocating capital toward its operating strategy. The transaction is subject to customary closing conditions. The Company expects closing to occur in mid-2026. Sale proceeds will be directed toward debt reduction, consistent with the Company's long-term leverage target of 5.5x-6.5x net debt to total adjusted EBITDA. The 11 multifamily assets under agreement represent the entirety of the Company's multifamily portfolio, except for Smith's Landing, which AH Realty Trust will retain, and the Everly and Solis Gainesville, both of which the Company intends to market for sale. In addition, the Company is in advanced negotiations to sell two of its real estate financing investments for aggregate proceeds of approximately $63 million. There can be no assurances that these transactions will be consummated on the terms or on the timeline anticipated, or at all.
