AH Realty Trust has entered into a binding agreement to sell an 11-asset multifamily portfolio to Harbor Group International in a cash transaction valued at $562 million. The parties have outlined that the deal is expected to close in mid-2026, subject to customary closing conditions.
According to AH Realty Trust, the planned disposition is part of a broader strategy to simplify its real estate platform and sharpen its focus on a narrower set of property types. The company stated that the transaction is intended to help reduce debt while repositioning its balance sheet around sectors it views as core to its growth plans.
Proceeds from the portfolio sale are earmarked primarily for debt reduction, with the company indicating that lowering leverage is a key objective tied to the deal. In conjunction with this balance sheet initiative, AH Realty Trust plans to scale back its multifamily holdings and redirect capital toward retail and office properties, which it has identified as its priority sectors going forward.
While the agreement covers 11 multifamily properties, AH Realty Trust noted that it will retain certain assets rather than exiting the sector entirely. The company also signaled that it expects to pursue additional sales of real estate investments over time as it continues to refine its portfolio and align it with its stated strategic focus.
Leadership at AH Realty Trust framed the transaction as a way to unlock value embedded in its multifamily portfolio while advancing the firm’s broader repositioning. Shawn Tibbetts, the company’s Chairman, President and Chief Executive Officer, said the sale enables AH Realty Trust to realize value from the assets, strengthen its balance sheet, and move toward what he characterized as a simpler real estate platform.
Harbor Group International is the buyer under the definitive agreement, acquiring the 11-property multifamily portfolio on an all-cash basis. Specific details on the individual assets, including locations or unit counts, were not disclosed, but the transaction represents a sizable multifamily trade given the $562 million gross consideration.
As the deal moves toward an anticipated mid-2026 closing, both parties remain subject to the satisfaction of customary conditions. AH Realty Trust has positioned the planned sale as a meaningful step in an ongoing capital reallocation effort, with a clear emphasis on reducing multifamily exposure and channeling resources into retail and office investments.
