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Stock Market & Financial Investment News

News Breaks
January 21, 2014
08:06 EDTAHHArmada Hoffler closes on previously announced Liberty Apartments acquisition
Armada Hoffler Properties announced that it has closed on a previously announced acquisition of Liberty Apartments for approximately $30.7M. Armada Hoffler acquired Liberty Apartments for approximately $30.7M of total consideration, including the issuance of approximately 695K Operating Partnership units. The value of which was based on the Thursday, January 16 closing stock price of AHH, the repayment of a $3M mezzanine loan and the assumption of approximately $20.9M of debt that bears interest at 5.66% and matures in 2042.
News For AHH From The Last 14 Days
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September 2, 2015
06:02 EDTAHHArmada Hoffler completes acquisition of Providence Plaza in Charlotte for $26.2M
Armada Hoffler announced that it has closed on the previously announced acquisition of Providence Plaza in Charlotte, North Carolina for $26.2M. Providence Plaza is a 103,000 square foot mixed-use asset which was built in 2008 and is comprised of three buildings. The complex is currently 97% occupied and includes 54,000 square feet of office space, 49,000 square feet of retail space and a two-floor parking garage with 256 spaces. In addition, the recently acquired property includes an undeveloped tract of land of approximately one acre that is zoned for multifamily development, providing the Company the opportunity to leverage its development expertise. The previously announced acquisition of Providence Plaza was partially funded with the proceeds from the Whetstone Apartments sale and is included in the Company's current guidance.

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