Armada Hoffler Properties Inc. Acquires Full Ownership of Allied | Harbor Point

May 6, 2025 — Armada Hoffler Properties, Inc. (NYSE: AHH), a real estate investment trust listed on the New York Stock Exchange, has announced a significant acquisition. The company has acquired full ownership of Allied | Harbor Point, a 312-unit multifamily property located in Baltimore. This acquisition involves purchasing the minority stake held by Beatty Development Group, with the transaction expected to close in June 2025.

The acquisition is part of Armada Hoffler’s strategic initiative to streamline operations and concentrate on wholly owned assets situated in premium mixed-use locations. Allied | Harbor Point, which opened in early 2025, is noted for its waterfront views and a landscaped rooftop terrace, enhancing its appeal in the Baltimore real estate market.

In addition to this acquisition, Armada Hoffler has also acquired full ownership of another Baltimore property, further solidifying its presence in the area. These moves align with the company’s broader strategy to focus on high-quality, fully owned assets.

Financial Overview

As of May 1, 2025, Armada Hoffler Properties Inc. had a close price of $6.92. The company’s stock has experienced significant volatility over the past year, with a 52-week high of $12.46 on August 27, 2024, and a 52-week low of $6.10 on April 8, 2025.

These strategic acquisitions are expected to impact the company’s financial performance positively, as they aim to enhance operational efficiency and asset quality. Investors and stakeholders will be closely monitoring the outcomes of these transactions as they unfold.

Note: This article is based on the provided financial news and fundamental information for Armada Hoffler Properties Inc. as of May 6, 2025.