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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.
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