VIRGINIA BEACH, Va., March 16, 2026 – AH Realty Trust (NYSE: AHRT) (“AHRT”) and Harbor Group International, LLC (“HGI”) today jointly announced that they have entered into a binding purchase and sale agreement under which affiliates of HGI will acquire AHRT’s 11‑property multifamily portfolio  for $562 million in cash, subject to customary adjustments and closing conditions. HGI has provided a $15 million nonrefundable deposit, and the transaction is not contingent on financing.

The agreement brings together two long‑standing Hampton Roads-based institutions with a shared history in the region and a mutual commitment to disciplined growth. The transaction reflects strategic alignment between AHRT and HGI and underscores each company’s long‑term strategic objectives. The transaction is expected to close in mid‑2026, subject to customary closing conditions.

“We are proud to announce this milestone transaction with a firm that, like us, has deep roots and a long history in Hampton Roads and a strong presence in this market,” said Shawn Tibbetts, Chairman, President and Chief Executive Officer of AH Realty Trust. “HGI is acquiring a strong, stable portfolio that has served our company well. By realizing the value of these assets, AH Realty Trust is able to simplify our business, strengthen our balance sheet, and continue executing our strategy with clarity and purpose. We appreciate HGI’s collaboration throughout this process.”

“We are pleased to work with AH Realty Trust, a fellow Hampton Roads institution, on this transaction,” said T. Richard Litton, Jr., President of HGI. “We expect the acquisition of these high-quality multifamily properties to further enhance our growing portfolio."

The 11 assets represent the majority of AHRT’s multifamily portfolio. AHRT will retain Smith’s Landing, and plans to separately market The Everly and Solis Gainesville. The sale supports AHRT’s long‑term goals to:

• Simplify its platform by divesting multifamily assets and non‑core businesses;
• Reduce leverage through disciplined capital recycling;
• Focus its growth strategy on targeted retail opportunities; and
• Advance its brand evolution as AH Realty Trust, trading as AHRT on the NYSE.

AHRT is also in advanced negotiations to sell two additional real estate financing investments for approximately $63 million in aggregate proceeds, though there can be no assurance those transactions will be finalized on the expected terms or timeline.

HGI has a long track record of executing large‑scale portfolio transactions, and the acquisition of AH Realty Trust’s multifamily assets aligns with both organizations’ long‑term objectives. The portfolio consists of well‑located, high‑quality properties that fit squarely within HGI’s investment strategy and reflect its continued conviction in the multifamily sector.

In 2025, HGI was ranked by MSCI as the top buyer of multifamily real estate in the United States, completing $2.55 billion in acquisitions. That activity included two major portfolio transactions: the 2,719‑unit, five‑property New England Portfolio and the 3,590‑unit, eleven‑property Southern Portfolio. The acquisition from AH Realty Trust extends that momentum and underscores the strength of local partnerships that enable complex transactions to be executed efficiently and collaboratively.

This agreement is a testament to the strength of local partnerships and the shared commitment of two Hampton Roads institutions to disciplined execution and long‑term value creation. As the transaction progresses toward an anticipated mid‑2026 closing, both AH Realty Trust and Harbor Group International will continue working collaboratively to ensure a seamless transition and to advance their respective strategic priorities.