AH Realty Trust Completes Portfolio Sale to Harbor Group
AH Realty Trust closed the sale of nine multifamily properties to affiliates of Harbor Group International for $485 million. The company intends to use approximately $465 million of the proceeds to pay down debt, accelerating progress toward its long-term leverage target of 5.5x to 6.5x net debt to total adjusted EBITDA. Two additional multifamily assets, Greenside and Premier, remain under contract for $77 million, with closings expected by end-2026 and mid-2027 respectively.
Key figures
- Deal Value Usd
- 485000000
- Debt paydown
- 465000000
- Target leverage
- 5.5x - 6.5x
- Premier sale price
- 27000000
- Greenside sale price
- 50000000
- Remaining portfolio value
- 77000000
AI analysis
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