AHRT (AH Realty Trust, Inc.) Closes $50 Million Greenside Sale and Reduces Debt

View the AHRT Dividend Stock Profile

AH Realty Trust said on November 13, 2026, that it had sold Greenside Apartments, a 225-unit property in Charlotte, North Carolina, and used the proceeds to reduce debt.

The company’s quarterly report put the contract price at $50 million, and the closing announcement confirmed that the sale went through at that price without an adjustment. The quarterly report also recorded an $8.7 million write-down on the property. The closing release did not specify how much debt was repaid or what AH Realty expects to save in interest.

Greenside was the 12th of 13 apartment properties earmarked for sale. AH Realty says proceeds from its broader disposal program have brought net debt within its target of 5.5 to 6.5 times adjusted EBITDA, a measure of operating earnings before interest and certain other expenses. The company expects the final apartment sale, Premier Apartments, to close in the second quarter of 2027.

We see the closing as a concrete improvement to AH Realty’s balance sheet. Paying down debt can reduce interest costs, while selling a property also gives up the rent it would have earned. For the dividend, the next useful test is whether adjusted funds from operations per share, the company’s measure of ongoing property earnings, improve as its retail and mixed-use office properties account for more of the business.

Sources

• November 13 company announcement of the Greenside closing
• September 2026 quarterly report, including the sale price and write-down

This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.