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Real estate trust exits multifamily, rebrands as AH Realty Trust
Armada Hoffler (NYSE: AHH) is rebranding to AH Realty Trust (AHRT) effective March 2, 2026, and is undertaking a major strategic shift by exiting the multifamily sector, divesting its construction and financing platforms, and refocusing on retail and office properties. The company plans to sell 11 of its 14 multifamily assets, using the proceeds for debt reduction to achieve a target of 5.5x–6.5x net debt/adjusted EBITDA. This transformation also includes leadership changes, a rightsized dividend, and a modernized executive compensation program aimed at long-term shareholder value creation.