AH Realty Trust announced that it has entered into a binding agreement with Harbor Group International for the sale of an 11-asset multifamily portfolio for $562 million in cash.
The move aims to simplify AH Realty Trust’s operations while reallocating capital towards its core strategies. The sale proceeds will focus on debt reduction as AH Realty Trust plans to reduce its multifamily assets and concentrate on retail and office sectors for growth.
The company will retain some properties and pursue additional sales of its real estate investments. The transaction is anticipated to close in mid-2026, subject to customary conditions.
“This transaction allows us to realize that value, strengthen our balance sheet, and advance our focus toward a simpler real estate platform,” said Shawn Tibbetts, Chairman, President and Chief Executive Officer of AH Realty Trust.
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in...
Learn more
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
Learn more
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California