Armada Hoffler Properties Acquires the Edison Apartments in Downtown Richmond, Virginia
Armada Hoffler Properties, Inc. (AHH)
Last armada hoffler properties, inc. earnings: 4/30 06:00 am
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ir.armadahoffler.com
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Source: GlobeNewswire
VIRGINIA BEACH, Va., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that it has completed the previously disclosed acquisition of the Edison Apartments in Richmond, Virginia for $25 million, including the assumption of debt and the issuance of Operating Partnership Units. Originally built in 1919 as the headquarters for the Virginia Electric and Power Company and subsequently renovated and repurposed in 2014, the historic Edison offers 174 contemporary apartment units located in downtown Richmond within blocks of the Virginia State Capitol, as well as the Virginia Commonwealth University Medical Center and Medical College of Virginia Campus. Also included in the acquisition is a 365-space parking garage with 24/7 paid public access and dedicated parking for Edison residents. The high-rise apartment community is currently 97% leased. “We are pleased to add another high-quality, urban, core, multifamily asset with onsite structured park
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- AHH's page on the SEC website