AH Realty Trust Completes Dispositions and Financing Transactions, Advancing Transformation and Strengthening Balance Sheet
AH Realty Trust completed the sale of The Everly and Solis Gainesville II (407 units) and exited its final real estate financing investment, using proceeds to reduce debt within its 5.5x-6.5x Net Debt to Total Adjusted EBITDAre target. The company recast its unsecured credit facility into a $150 million revolver and two $200 million term loans, closed a new $100 million seven-year term loan, and refinanced the $121.8 million Constellation Energy Building loan, extending maturity from November 2026 to October 2029.
Key figures
- Deal Value Usd
- 100000000
- Units sold
- 407
- New term loan
- $100 million seven-year term loan maturing 2033
- Leverage target
- 5.5x-6.5x Net Debt to Total Adjusted EBITDAre
- Refinanced loan
- $121.8 million Constellation Energy Building loan extended from November 2026 to October 2029
- Credit facility recast
- $150 million revolver plus two $200 million term loans maturing 2030 and 2031
- Weighted avg debt maturity
- 4.4 years, up from 2.0 years
- No material maturities until
- 2029
AI analysis
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