VIRGINIA BEACH, Va.--(BUSINESS WIRE)--

Armada Hoffler Properties, Inc. (NYSE:AHH) announced today that it recently filed a registration statement on Form S-3 with the Securities and Exchange Commission. The purpose of the filing was to register the resale of 2,000,000 shares of common stock, all of which were issued in a private placement in connection with the recently closed acquisition of a stabilized retail asset. In addition to current income, the acquisition is expected to present upside opportunities through re-tenanting and development efforts.

The resale registration statement was filed by the Company pursuant to a contractual obligation with the sellers of the property. The registration of the resale of the shares of the Company’s common stock does not necessarily mean that any shares of the Company’s common stock will be sold under the registration statement and, to the Company’s knowledge, there are currently no plans by the holders to sell any of the shares. The Company will discuss any impact on current year guidance during the upcoming earnings release and conference call.

About Armada Hoffler Properties, Inc.

Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic and Southeastern United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

Forward-Looking Statements

Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. For a description of factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, and other documents filed by the Company with the Securities and Exchange Commission.

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