AH Realty Trust shares surge 13.90% premarket after executing $562M multifamily sale to Harbor Group, proceeds to reduce debt and refocus portfolio.

AH Realty Trust (NYSE: AHRT) surged 13.90% in premarket trading following the announcement of a $562 million agreement to sell 11 multifamily assets to Harbor Group International. The transaction, formalizing a February 16 letter of intent, marks a pivotal step in the company’s strategic transformation to reduce leverage, simplify operations, and refocus on retail and office sectors. Proceeds will prioritize debt reduction toward a 5.5x–6.5x net debt/EBITDA target. CEO Shawn Tibbetts highlighted the sale’s role in unlocking shareholder value by monetizing high-performing assets undervalued in the public market. The deal, expected to close mid-2026, aligns with broader restructuring efforts, including divesting non-core businesses and advancing capital recycling initiatives. The rebranding to AH Realty Trust, effective March 2, 2026, underscores the company’s commitment to a streamlined real estate platform.