Armada Hoffler Announces Major Acquisition of Class A Mixed-Use Asset, The Interlock
Armada Hoffler Properties, Inc. (AHH)
Last armada hoffler properties, inc. earnings: 4/30 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.armadahoffler.com
Company Research
Source: GlobeNewswire
VIRGINIA BEACH, Va., May 05, 2023 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) entered into a definitive agreement to purchase The Interlock, a Class A mixed-use asset in Atlanta’s West Midtown. The $215 million off-market purchase will substantially add to the Company’s Atlanta-area portfolio. The Company expects to use $100 million of new fixed rate financing, primarily through a $75 million unsecured term loan, the conversion of its existing mezzanine loan into equity, and the issuance of units of limited partnership interest in the Company’s operating partnership (“OP Units”) to the sponsor developer. The going-in capitalization rate is 6.5% cash, 8.0% GAAP, and is expected to be immediately accretive. At full stabilization, the GAAP capitalization rate is expected to reach 8.5%. This transaction further establishes Armada Hoffler’s footprint in the Atlanta market and core focus on prime mixed-use real estate assets. The closing of the acquisition of The Interlock is expected
Show less
Read more
Impact Snapshot
Event Time:
AHH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AHH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AHH alerts
High impacting Armada Hoffler Properties, Inc. news events
Weekly update
A roundup of the hottest topics
AHH
News
- Mining For Small-Cap REIT Gems [Seeking Alpha]Seeking Alpha
- Armada Hoffler Commits to Retaining WeWork as a Tenant in Premier One City Center Building, Bolstering Innovation Hub in Durham, North CarolinaGlobeNewswire
- Armada Hoffler to Discuss First Quarter Earnings on May 9thGlobeNewswire
- Armada Hoffler Properties: 2 Ways To Get Up To 8% Yield [Seeking Alpha]Seeking Alpha
- Armada Hoffler Properties: I Just Bought The 8.2% Dividend Yield [Seeking Alpha]Seeking Alpha
AHH
Earnings
- 2/22/24 - Miss
AHH
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- 4/19/24 - Form ARS
- AHH's page on the SEC website