VIRGINIA BEACH, Va., Aug. 15, 2016 /CNW/ -- Armada Hoffler
Properties, Inc. (NYSE: AHH), based in Virginia, and focused on developing, building, acquiring
and managing high-quality real estate, today announced that the August 11 presentation from
Louis S. Haddad, President and CEO, and Michael P. O'Hara, CFO and
Treasurer, is now available for on-demand viewing at VirtualInvestorConferences.com.
LINK: http://tinyurl.com/0811post
Armada Hoffler Properties, Inc.'s presentation will be available 24/7 for 90 days. Investors and advisors may download
shareholder materials from the "virtual trade booth" for the next three weeks.
Recent Company Highlights
- Announced on August 2, 2016 Normalized Funds From Operations ("FFO") of $12.5 million, or $0.26 per diluted share, for the quarter ended June 30, 2016. The Company also reported raising its 2016 full-year Normalized FFO guidance range – now
$0.96 to $1.00 per diluted share.
- Added a total of 260,000 square feet of retail space in the greater Richmond market through
the acquisition of Southshore Shops (August 4, 2016) and Southgate
Square (May 3, 2016) for a combination of $27.8 million in
debt and 1.8 million Operating Partnership Units.
- Announced on May 18, 2016 the next phase of development in the Town Center of Virginia Beach, a $35 million mixed-use project expected to include 39,000
square feet of retail space, which is nearly 50% pre-leased, and 120 luxury apartments, as part of the Company's ongoing
public-private partnership with the City of Virginia Beach.
- Agreed on April 21, 2016 to invest $42.0 million in the
multifamily component of Annapolis Junction Town Center, located approximately two miles from Fort Meade, with options to acquire
a controlling interest upon the project's completion.
- Entered into a joint venture agreement as a minority partner on February 25, 2016 to develop
One City Center, a mixed-use project located in Durham, North Carolina. Upon completion,
the Company will exit the joint venture and retain ownership of 150,000 square feet of retail and office space anchored by a
55,000 square foot lease with Duke University.
- Agreed to invest up to $23 million in the new Point Street Apartments development project in
the Harbor Point area of Baltimore, Maryland on November 3, 2015
with options to acquire a controlling interest upon the project's completion.
Learn more about the event at www.VirtualInvestorConferences.com.
Armada Hoffler Properties, Inc. (NYSE: AHH)
Armada Hoffler Properties, Inc. is a full-service real estate company with extensive experience developing, building, acquiring and
managing high-quality, institutional-grade office, retail and multifamily properties throughout the Mid-Atlantic and Southeastern
United States. Founded in 1979 by Daniel A. Hoffler, the Company completed an initial public
offering in May 2013 and is listed on New York Stock Exchange as a real estate investment trust
(REIT) under the symbol "AHH." The Company is self-managed and vertically-integrated. In addition to developing and building
properties to be placed in its stabilized portfolio, Armada Hoffler Properties also provides general construction and development
services to third-party clients. As of June 30, 2016, the Company's portfolio includes 45
properties across 7 states, totaling nearly 4.4 million rentable square feet of commercial real estate and approximately 1,100
multifamily units. Armada Hoffler Properties is headquartered in Virginia Beach,
Virginia.
About VirtualInvestorConferences.com
Since 2010, VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PRNewswire, has
been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet
directly with investors using a graphically-enhanced online platform.
Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR
Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail
investor audience network.
Logo - http://photos.prnewswire.com/prnh/20160129/327291LOGO
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SOURCE Armada Hoffler Properties, Inc.
