AH Realty Trust (AHRT) director awarded new Time-Based LTIP Units and details Common Unit holdings
Rhea-AI Filing Summary
AH Realty Trust director Daniel A. Hoffler received an equity-based award through the company’s operating partnership. He was granted 11,695 Time-Based LTIP Units in AH Realty Trust, LP at no cash cost, increasing his Time-Based LTIP Unit holdings to 24,614.
The footnotes explain these Time-Based LTIP Units are unvested and will fully vest on the date of the company’s 2027 Annual Meeting of Stockholders. After vesting and subject to partnership agreement conditions, they can be converted into Common Units, which are in turn redeemable for cash or shares of AH Realty Trust common stock at the company’s election.
The filing also shows significant existing positions as of an earlier date, including Common Units of the operating partnership that are redeemable for cash or common stock, as well as direct holdings of the company’s common stock and 6.75% Series A Preferred Stock. A small restructuring transaction involving 279 Common Units was recorded through a limited partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hoffler Daniel A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time-Based LTIP Units | 11,695 | $0.00 | $0.00 |
| Other | Common Units | 279 | $10.27 | $3K |
| holding | Common Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | 6.75% Series A Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Units — 0 shares (Indirect, By Limited Partnership);
Time-Based LTIP Units — 24,614 shares (Direct);
Common Units — 4,988,263 shares (Direct);
Common Stock — 266,647 shares (Direct);
6.75% Series A Preferred Stock — 4,000 shares (Direct)
Footnotes (6)
- F1. Represents common units of limited partnership interest ("Common Units") in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership of AH Realty Trust, Inc. (the "Company"), and of which the Company is the general partner.
- F2. Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.
- F3. Represents the redemption of Common Units by the Operating Partnership for cash.
- F4. Represents Mr. Hoffler's pecuniary interest in Common Units held by a limited partnership.
- F5. Represents Time-Based LTIP Units in the Operating Partnership ("Time-Based LTIP Units"). Under the agreement of limited partnership of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into Common Units, at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date.
- F6. Represents a grant of unvested Time-Based LTIP Units, all of which will vest on the date of the Company's 2027 Annual Meeting of Stockholders.
Key Figures
Time-Based LTIP Units granted: 11,695 units
Time-Based LTIP Units after grant: 24,614 units
Common Units underlying position: 4,988,263 units
+3 more
6 metrics
Time-Based LTIP Units granted
11,695 units
Grant on 2026-06-17 as equity award
Time-Based LTIP Units after grant
24,614 units
Total Time-Based LTIP Units following transaction
Common Units underlying position
4,988,263 units
Common Units in operating partnership redeemable for cash or common stock
Common stock holdings
266,647 shares
Direct holdings of AH Realty Trust common stock as of 2025-01-02
Series A Preferred Stock
4,000 shares
6.75% Series A Preferred Stock held directly as of 2025-01-02
Restructuring Common Units
279 units
Redemption of Common Units by operating partnership for cash via limited partnership
Key Terms
Time-Based LTIP Units, Common Units, Operating Partnership, Change of Control, +1 more
5 terms
Time-Based LTIP Units financial
"Represents Time-Based LTIP Units in the Operating Partnership ("Time-Based LTIP Units")."
Common Units financial
"Represents common units of limited partnership interest ("Common Units") in AH Realty Trust, LP."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
Operating Partnership financial
"in AH Realty Trust, LP (the "Operating Partnership"), the operating partnership of AH Realty Trust, Inc."
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
Change of Control financial
"except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
pecuniary interest financial
"Represents Mr. Hoffler's pecuniary interest in Common Units held by a limited partnership."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Daniel A. Hoffler receive in this AHRT Form 4 filing?
Daniel A. Hoffler received a grant of 11,695 Time-Based LTIP Units in AH Realty Trust’s operating partnership at no cash cost. These units are equity-based awards that can later convert into Common Units tied to AH Realty Trust common stock.
When do the new Time-Based LTIP Units for AHRT vest?
All 11,695 newly granted Time-Based LTIP Units will vest on the date of AH Realty Trust, Inc.’s 2027 Annual Meeting of Stockholders. Vesting must occur before the units are eligible to be converted into Common Units under the operating partnership agreement.
How can AH Realty Trust Time-Based LTIP Units benefit Daniel A. Hoffler?
After vesting and subject to conditions in the operating partnership agreement, Time-Based LTIP Units may be converted into Common Units at the holder’s option. Each Common Unit is then redeemable for cash equal to the market value of one AH Realty Trust common share or one share itself.
What does the filing say about Daniel A. Hoffler’s existing AHRT Common Units?
The filing shows a large position of Common Units in AH Realty Trust’s operating partnership, each redeemable for cash equal to the then-current market value of one share of AH Realty Trust common stock or, at the company’s election, one share of its common stock.
What is the 279-unit transaction involving Common Units in this AHRT Form 4?
A separate transaction labeled with code J covers 279 Common Units held indirectly by a limited partnership. Footnotes state this represents the redemption of Common Units by the operating partnership for cash and reflects Mr. Hoffler’s pecuniary interest in those partnership-held units.
Does Daniel A. Hoffler hold AH Realty Trust preferred stock according to this filing?
Yes. The Form 4 lists direct holdings of 6.75% Series A Preferred Stock of AH Realty Trust, Inc. This preferred stock position is reported alongside his common stock, Common Units, and Time-Based LTIP Units, giving a broader picture of his overall economic exposure to the company.