DivestmentMay 21, 2026, 06:02 AM
AH Realty Trust Sells 9 Properties for $485M; Pays Down $465M Debt
AI Summary
AH Realty Trust announced the closing of the sale of nine multifamily properties for $485 million, as part of its previously announced portfolio transaction. Approximately $465 million of the proceeds will be used to pay down debt, accelerating the company's deleveraging efforts and strengthening its balance sheet. Two additional multifamily properties remain under contract for $77 million, with closings expected by mid-2027. This move sharpens the company's focus on its high-quality retail and mixed-use office portfolio.
Key Highlights
- Nine multifamily properties sold for a gross sales price of $485 million.
- Approximately $465 million of proceeds used for debt reduction.
- Two multifamily properties (Greenside and Premier) remain under contract for $77 million.
- Greenside sale ($50 million) anticipated to close by end of 2026.
- Premier sale ($27 million) anticipated to close by mid-2027.
- Company aims to accelerate progress toward 5.5x – 6.5x net debt to total adjusted EBITDA.
- Actively marketing The Everly and Solis Gainesville for sale.
Price Impact
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