Divestitures
AH Realty Trust Completes Sale of 225-Unit Greenside Apartments in Charlotte to Harbor Group Affiliates
By News Desk ·
Key takeaways
- AH Realty Trust completed the sale of the 225-unit Greenside Apartments in Charlotte, North Carolina, to Harbor Group International affiliates at the full contract price.
- The closing is the 12th of 13 multifamily property sales under the strategic transformation AH Realty Trust announced in February 2026.
- Disposition proceeds brought leverage within AH Realty Trust's target range of 5.5 to 6.5 times net debt to adjusted EBITDA.
- Premier Apartments, the remaining property, is under contract with Harbor Group International affiliates, with closing expected in the second quarter of 2027.
AH Realty Trust completed the sale of the 225-unit Greenside Apartments in Charlotte, North Carolina, to affiliates of Harbor Group International at the full contract price, the company said on November 13, 2026. The future of trading reported the closing. AH Realty Trust is a Virginia Beach-based REIT that owns retail and office properties in Mid-Atlantic and Southeastern U.S. markets. Harbor Group International is the buyer of the Charlotte property.
AH Realty Trust's Greenside Apartments Sale Terms
The Greenside Apartments transaction closed at the full contract price without adjustment, and the proceeds were used to reduce debt. The sale is the 12th of 13 multifamily property sales under the strategic transformation AH Realty Trust announced in February 2026. Disposition proceeds have brought leverage within the company's target range of 5.5 to 6.5 times net debt to adjusted EBITDA. TradingView reported that the remaining property, Premier Apartments, is expected to close in the second quarter of 2027. AH Realty Trust's remaining property, Premier Apartments, is under contract with Harbor Group International affiliates, with closing expected in the second quarter of 2027.
AH Realty Trust's Earlier Harbor Group Sales
AH Realty Trust completed the sale of nine multifamily properties to Harbor Group International for $485 million in May 2026, with approximately $465 million of proceeds earmarked for debt reduction, according to akta.pro company records. The same records list an 11-property multifamily portfolio sale to Harbor Group International for $562 million in cash. AH Realty Trust's market capitalization stood at $620.18 million as of its first-quarter 2026 earnings call, the records show.
AH Realty Trust's Path to the Greenside Closing
On November 2, 2026, AH Realty Trust said it completed the sale of The Everly and Solis Gainesville II and exited its final real estate financing investment, with proceeds reducing debt into the 5.5 to 6.5 times target, GlobeNewswire reported. The company reported a third-quarter 2026 net loss of $0.07 per diluted share and funds from operations of $0.16 per share, and raised its full-year 2026 FFO guidance to $0.57 to $0.59 per share, GlobeNewswire reported. On November 9, 2026, Stock Titan reported that founder Daniel Hoffler retired from the Board effective November 6, 2026, and that David Hirsh was appointed an independent director.
Premier Apartments Closing Date
Premier Apartments, the last of the 13 properties, is under contract with Harbor Group International affiliates, with closing expected in the second quarter of 2027, according to the company's announcement.