Armada Hoffler Properties, Inc. Announces Exercise in Full of Underwriters’ Overallotment Option
Armada Hoffler Properties, Inc. (NYSE: AHH) (the “Company”) today
announced that the underwriters of its initial public offering (“IPO”)
have exercised their overallotment option in full to purchase an
additional 2,478,750 shares of the Company’s common stock (the
“Additional Shares”) at the IPO price of $11.50 per share. The
overallotment option was granted in connection with the Company’s IPO of
16,525,000 shares of common stock that was completed on May 13, 2013.
The Company’s common stock is listed on the New York Stock Exchange
under the symbol “AHH.”
Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc. and
Stifel, Nicolaus & Company, Incorporated served as joint book-running
managers for the IPO. Oppenheimer & Co. served as lead manager. BB&T
Capital Markets, a division of BB&T Securities, LLC, Janney Montgomery
Scott LLC and Wunderlich Securities, Inc., served as co-managers for the
IPO.
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a full service real estate company
with extensive experience developing, building, owning and managing
high-quality, institutional-grade office, retail and multifamily
properties in attractive markets throughout the Mid-Atlantic United
States. The Company has elected to be taxed as a real estate investment
trust (REIT) for U.S. federal income tax purposes.
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