AH Realty Trust completes $485M multifamily portfolio sale to Harbor Group

AH Realty Trust closed the sale of nine multifamily properties for $485 million to affiliates of Harbor Group International, with approximately $465 million in proceeds allocated to debt reduction. The transaction represents a strategic portfolio shift as the company focuses on retail and mixed-use office assets while targeting a leverage ratio of 5.5x-6.5x net debt to EBITDA.