AH Realty Trust, Inc.

We maintain disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in our reports under the Exchange Act is processed, recorded, summarized, and reported within the time periods specified in the rules and regulations of the SEC and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

We have carried out an evaluation, under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, regarding the effectiveness of our disclosure controls and procedures as of June 30, 2026, the end of the period covered by this report. Based on the foregoing, our Chief Executive Officer and Chief Financial Officer have concluded, as of June 30, 2026, that our disclosure controls and procedures were effective in ensuring that information required to be disclosed by us in reports filed or submitted under the Exchange Act: (i) is processed, recorded, summarized, and reported within the time periods specified in the SEC’s rules and forms and (ii) is accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate to allow for timely decisions regarding required disclosure.

The Company completed the sale of its general contracting and real estate services business on April 30, 2026. In connection with this divestiture, the Company discontinued certain internal controls over financial reporting that were specific to the disposed business, including controls related to transaction processing, account reconciliations, financial reporting, and information technology systems supporting that business. Management evaluated the impact of the disposition on the Company's internal control over financial reporting and determined that these controls related solely to the divested operations and are no longer relevant to the Company's ongoing financial reporting processes.

During the quarter, management reassessed certain financial reporting risks and related internal controls associated with the real estate financing and multifamily operations, due to their classification as discontinued operations. As a result of this assessment, the Company evaluated whether changes to its internal control over financial reporting were necessary in light of the significance of these businesses to the Company's ongoing operations and financial reporting. The reassessment did not result in any material changes to the Company's internal control over financial reporting, as the Company continues to hold and report on its remaining multifamily and real estate financing investments and the related controls continue to operate and support the financial reporting of those businesses. Management currently expects that, upon the completion of the Company's business transformation strategy and the disposition of its remaining multifamily and real estate financing investments, changes to the Company's internal control over financial reporting framework may be required and could materially affect the Company's internal control over financial reporting at that time.

Except for the changes described above, there were no other changes in the Company’s internal control over financial reporting during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.