Nine multifamily assets acquired for $485 million, with the remaining two properties under contract and expected to close at a later date.

VIRGINIA BEACH, VA. – May 21, 2026 – Harbor Group International, LLC (“HGI”) today announced the closing of 9 properties from a previously announced sale of an 11 multifamily property portfolio from AH Realty Trust (NYSE: AHRT) (“AHRT”), which affiliates of HGI agreed to acquire for $562 million. The nine-asset portfolio closed at $485 million. Financing was arranged by Eastdil Secured LLC and PGIM Real Estate Agency Finance, LLC. The remaining properties are under contract and expected to close at a later date.

The acquisition underscores HGI’s ability to execute complex, large-scale portfolio acquisitions. The portfolio comprises well-located, high-quality multifamily assets.

“We are proud to complete the acquisition of the majority of this portfolio with AH Realty Trust,” said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. “This transaction is representative of our ability to partner with institutional owners navigating portfolio transitions, and to deploy capital at scale into high-quality assets where we can leverage our operational expertise to drive performance and long-term value.”

HGI continues to build its acquisition momentum. In 2025, the firm was ranked by MSCI as the top buyer of multifamily real estate in the United States, completing $2.55 billion in acquisitions, including multiple large-scale portfolio transactions across key markets. Additionally, the firm ranked no. 15 on the National Multifamily Housing Council’s 2026 Top Owners list.

Image Capital, LLC participated with HGI on the transaction.