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Business of Organization | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Business of Organization | Business of Organization Armada Hoffler Properties, Inc. (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience managing, building, acquiring, and developing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to the ownership of the Company's operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners and also invests in development projects through real estate financing arrangements. The Company also provides general construction and development services to third-party clients. The Company's construction and development experience includes mid- and high-rise office buildings, retail strip malls, retail power centers, multifamily apartment communities, hotels and conference centers, single- and multi-tenant industrial, distribution, and manufacturing facilities, educational, medical, and special purpose facilities, government projects, parking garages, and mixed-use town centers. The Company is the sole general partner of Armada Hoffler, L.P. (the "Operating Partnership") and, as of June 30, 2024, owned 75.6% of the economic interest in the Operating Partnership, of which 0.1% is held as general partnership units. The operations of the Company are conducted primarily through the Operating Partnership and the wholly owned subsidiaries thereof. As of June 30, 2024, the Company's stabilized operating portfolio consisted of the following properties:
Property |  |  |  | Location |  | Ownership Interest
Retail |  |  |  |  |  |  |
Town Center of Virginia Beach |  |  |  |  |  |  |
249 Central Park Retail* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
4525 Main Street Retail* (1) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
4621 Columbus Retail* (2) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Columbus Village* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Commerce Street Retail* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Fountain Plaza Retail* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Pembroke Square* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Premier Retail* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
South Retail* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Studio 56 Retail* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
The Cosmopolitan Retail* (3) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Two Columbus Retail* (1) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
West Retail* (1) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Grocery Anchored |  |  |  |  |  |  |
Broad Creek Shopping Center |  |  |  | Norfolk, Virginia |  | 100 | % |
Broadmoor Plaza |  |  |  | South Bend, Indiana |  | 100 | % |
Brooks Crossing Retail* |  |  |  | Newport News, Virginia |  | 65 | % | (4)
Delray Beach Plaza* |  |  |  | Delray Beach, Florida |  | 100 | % |
Greenbrier Square |  |  |  | Chesapeake, Virginia |  | 100 | % |
Greentree Shopping Center |  |  |  | Chesapeake, Virginia |  | 100 | % |
Hanbury Village |  |  |  | Chesapeake, Virginia |  | 100 | % |
Lexington Square |  |  |  | Lexington, South Carolina |  | 100 | % |
Market at Mill Creek |  |  |  | Mount Pleasant, South Carolina |  | 100 | % |
North Pointe Center |  |  |  | Durham, North Carolina |  | 100 | % |
Parkway Centre |  |  |  | Moultrie, Georgia |  | 100 | % |
Parkway Marketplace |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Perry Hall Marketplace |  |  |  | Perry Hall, Maryland |  | 100 | % |
Sandbridge Commons |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Tyre Neck Harris Teeter |  |  |  | Portsmouth, Virginia |  | 100 | % |
Harbor Point - Baltimore Waterfront |  |  |  |  |  |  |
Constellation Retail* (1) |  |  |  | Baltimore, Maryland |  | 90 | % |
Point Street Retail* (3) |  |  |  | Baltimore, Maryland |  | 100 | % |
Southeast Sunbelt |  |  |  |  |  |  |
Chronicle Mill Retail* (3) |  |  |  | Belmont, North Carolina |  | 85 | % | (4)
Nexton Square* |  |  |  | Summerville, South Carolina |  | 100 | % |
North Hampton Market |  |  |  | Taylors, South Carolina |  | 100 | % |
One City Center Retail* (1) |  |  |  | Durham, North Carolina |  | 100 | % |
Overlook Village |  |  |  | Asheville, North Carolina |  | 100 | % |
Patterson Place |  |  |  | Durham, North Carolina |  | 100 | % |
Providence Plaza Retail* |  |  |  | Charlotte, North Carolina |  | 100 | % |
South Square |  |  |  | Durham, North Carolina |  | 100 | % |
The Interlock Retail* |  |  |  | Atlanta, Georgia |  | 100 | % |
Wendover Village |  |  |  | Greensboro, North Carolina |  | 100 | % |
Mid-Atlantic |  |  |  |  |  |  |
Dimmock Square |  |  |  | Colonial Heights, Virginia |  | 100 | % |
Harrisonburg Regal |  |  |  | Harrisonburg, Virginia |  | 100 | % |
Liberty Retail* (3) |  |  |  | Newport News, Virginia |  | 100 | % |
Marketplace at Hilltop |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Red Mill Commons |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Southgate Square |  |  |  | Colonial Heights, Virginia |  | 100 | % |
Southshore Shops |  |  |  | Chesterfield, Virginia |  | 100 | % |
The Edison Retail* (3) |  |  |  | Richmond, Virginia |  | 100 | % |
Office |  |  |  |  |  |  |
Town Center of Virginia Beach |  |  |  |  |  |  |
249 Central Park Office* (5) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
4525 Main Street* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
4605 Columbus Office* (5) |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Armada Hoffler Tower* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
One Columbus* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Two Columbus Office* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Harbor Point - Baltimore Waterfront |  |  |  |  |  |  |
Constellation Office* |  |  |  | Baltimore, Maryland |  | 90 | % |
Thames Street Wharf* |  |  |  | Baltimore, Maryland |  | 100 | % |
Wills Wharf* |  |  |  | Baltimore, Maryland |  | 100 | % |
Southeast Sunbelt |  |  |  |  |  |  |
Chronicle Mill Office* (3) |  |  |  | Belmont, North Carolina |  | 85 | % | (4)
One City Center Office* |  |  |  | Durham, North Carolina |  | 100 | % |
Providence Plaza Office* (5) |  |  |  | Charlotte, North Carolina |  | 100 | % |
The Interlock Office* |  |  |  | Atlanta, Georgia |  | 100 | % |
Mid-Atlantic |  |  |  |  |  |  |
Brooks Crossing Office* (5) |  |  |  | Newport News, Virginia |  | 100 | % |
Multifamily |  |  |  |  |  |  |
Town Center of Virginia Beach |  |  |  |  |  |  |
Encore Apartments* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Premier Apartments* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
The Cosmopolitan* |  |  |  | Virginia Beach, Virginia |  | 100 | % |
Harbor Point - Baltimore Waterfront |  |  |  |  |  |  |
1305 Dock Street* |  |  |  | Baltimore, Maryland |  | 90 | % |
1405 Point* |  |  |  | Baltimore, Maryland |  | 100 | % |
Southeast Sunbelt |  |  |  |  |  |  |
Chronicle Mill* |  |  |  | Belmont, North Carolina |  | 85 | % | (4)
Greenside Apartments |  |  |  | Charlotte, North Carolina |  | 100 | % |
The Everly* |  |  |  | Gainesville, Georgia |  | 100 | % |
Mid-Atlantic |  |  |  |  |  |  |
The Edison* |  |  |  | Richmond, Virginia |  | 100 | % |
Liberty Apartments* |  |  |  | Newport News, Virginia |  | 100 | % |
Smith's Landing |  |  |  | Blacksburg, Virginia |  | 100 | % |
________________________________________ *Mixed-use asset. (1) Formerly reported in the office real estate segment. Refer to Note 3 for further information. (2) Formerly known as Apex Entertainment. (3) Formerly reported in the multifamily real estate segment. Refer to Note 3 for further information. (4) We are entitled to a preferred return on our investment in this property. (5) Formerly reported in the retail real estate segment. Refer to Note 3 for further information. As of June 30, 2024, the following properties were under development or redevelopment:
Development, Not Stabilized |  | Segment |  | Location |  | AHH Ownership |
Southern Post Retail* |  | Retail |  | Roswell, Georgia |  | 100% |
Southern Post Office* |  | Office |  | Roswell, Georgia |  | 100% |
Chandler Residences* |  | Multifamily |  | Roswell, Georgia |  | 100% |
Redevelopment |  | Segment |  | Location |  | AHH Ownership
Columbus Village II* |  | Retail |  | Virginia Beach, Virginia |  | 100 | %

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