AH Realty Trust shares rise 10.79% premarket after selling 11 multifamily properties for $562M to Harbor Group to reduce debt and refocus on retail/office sectors.

AH Realty Trust surged 10.79% in premarket trading following the announcement of a $562 million agreement to sell 11 multifamily properties to Harbor Group International. The transaction, formalizing a previously disclosed letter of intent, includes a $15 million nonrefundable deposit and is expected to close in mid-2026. Proceeds will reduce debt toward a 5.5x–6.5x net debt/EBITDA leverage target and refocus the company’s portfolio on retail and office assets. Management emphasized the deal as a strategic milestone to simplify operations, strengthen the balance sheet, and unlock shareholder value by monetizing high-performing multifamily assets undervalued in the public market. The sale covers nearly the entire multifamily portfolio, with retained assets and additional sales in advanced negotiations further supporting capital recycling initiatives.