DivestmentMay 22, 2026, 05:02 PM

AH Realty Trust Sells 9 Multifamily Properties for $485M

AI Summary

AH Realty Trust completed the sale of nine of its multifamily properties for approximately $485 million, part of a larger plan to divest 11 properties for $562 million. The company used approximately $465 million of the proceeds to pay down debt, aiming to strengthen its balance sheet and accelerate progress towards its long-term leverage target. Two remaining properties, Greenside and Premier, are expected to be sold by mid-2027. This strategic move focuses the company on its high-quality retail and mixed-use office portfolio.

Key Highlights

Completed sale of 9 multifamily properties for $485 million.
Original plan to sell 11 properties for approximately $562 million.
Remaining 2 properties to be sold for $77 million by mid-2027.
Approximately $465 million of proceeds used for debt reduction.
Aims for long-term leverage target of 5.5x – 6.5x net debt to total adjusted EBITDA.
Pro forma assets of discontinued operations decreased by $451.46 million.
Pro forma indebtedness, net, decreased by $195 million.
Pro forma net income attributable to common stockholders for 2025 increased by $17.97 million.

View SEC Filing

AHRT

Real Estate

AH Realty Trust, Inc.

Price Impact