AH Realty Trust, Inc. (NYSE: AHRT), formerly known as Armada Hoffler, has announced a significant transaction involving the sale of 11 multifamily properties to Harbor Group International for an aggregate purchase price of approximately $562 million in cash. This sale is part of the company's strategic transformation aimed at simplifying its operations and strengthening its balance sheet. The properties included in the sale are Encore Apartments, Premier Apartments, The Cosmopolitan, Allied, 1405 Point, 1305 Dock Street, Greenside Apartments, Chronicle Mill Apartments, Chandler Residences, The Edison, and Liberty Apartments. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including the delivery of a non-refundable deposit of $15 million by the buyer. The proceeds from this sale will be directed towards debt reduction, aligning with the company's long-term leverage target of 5.5x to 6.5x net debt to total adjusted EBITDA. Shawn Tibbetts, Chairman and CEO of AH Realty Trust, emphasized that this agreement represents a major milestone in the company's transformation, allowing it to unlock value for shareholders and focus on its core retail and office sectors. The company also plans to use the sale proceeds to reduce complexity and concentrate resources on areas where it can create the most value. This transaction follows a letter of intent disclosed earlier in February 2026 and is expected to enhance the company's operational execution and strategic outlook.

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