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Stock Market & Financial Investment News

News Breaks
August 6, 2014
07:26 EDTAHHArmada Hoffler upgraded at Stifel
As noted earlier, Stifel upgraded Armada Hoffer to Buy from Hold. The firm noted several reasons for the upgrade, including what it sees as the company's disciplined strategy, positive Virginia Beach Town Center projects and strong pipeline, along with its 6.6% dividend yield. Target $11.
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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