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AH Realty Trust to Sell 11 Multifamily Properties to Harbor Group

AH Realty Trust announced that it has entered into a binding agreement with Harbor Group International for the sale of an 11-asset multifamily portfolio for $562 million in cash.

The move aims to simplify AH Realty Trust’s operations while reallocating capital towards its core strategies. The sale proceeds will focus on debt reduction as AH Realty Trust plans to reduce its multifamily assets and concentrate on retail and office sectors for growth.

The company will retain some properties and pursue additional sales of its real estate investments. The transaction is anticipated to close in mid-2026, subject to customary conditions.

“This transaction allows us to realize that value, strengthen our balance sheet, and advance our focus toward a simpler real estate platform,” said Shawn Tibbetts, Chairman, President and Chief Executive Officer of AH Realty Trust.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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