Armada Hoffler Takes Full Control of Harbor Point Asset
Armada Hoffler Expands Portfolio with Full Acquisition of Harbor Point
Armada Hoffler, a prominent player in the real estate market, has recently made a significant move by acquiring complete ownership of Allied | Harbor Point. This 312-unit multifamily property is located in the bustling community of Harbor Point, Baltimore. The transaction, announced by the company on May 5, 2025, signifies a strategic shift that aligns with their vision to enhance operational efficiency and streamline their asset management strategy.
transaction details
The acquisition will result in Armada Hoffler transitioning from a joint venture model with Beatty Development Group to sole ownership of the property. Closing is anticipated for June, contingent upon customary closing conditions. This change marks a transformative moment for the company's operational strategy, allowing them to gain full control over their investment and management practices.
Strategic Rationale Behind the Move
According to Shawn Tibbetts, the Chief Executive Officer and President of Armada Hoffler, this agreement is a part of a broader commitment to refining their operations. The company's aim to focus solely on wholly owned properties in prime mixed-use locations sets the stage for enhanced value creation and more streamlined management. Tibbetts emphasized that taking full ownership of this asset not only improves their portfolio quality but also provides enhanced flexibility for future endeavors.
Property Highlights
Allied | Harbor Point is strategically positioned in a vibrant mixed-use community, which has seen strong demand since opening in early 2025. Residents enjoy numerous amenities, including a landscaped rooftop terrace with breathtaking harbor views, making it not only a desirable living space but also a valuable addition to Armada Hoffler’s diverse property portfolio.
About Armada Hoffler
Founded in 1979 by Daniel A. Hoffler, Armada Hoffler is a vertically integrated and self-managed real estate investment trust (REIT). With over forty years of expertise in developing and managing commercial real estate, the company focuses on high-quality, institutional-grade properties primarily located within the Mid-Atlantic and Southeastern regions of the United States. Armada Hoffler’s operations include providing development and general contracting services for third-party clients, which complements their core business model.
Contact Information
For inquiries, please reach out to Chelsea Forrest, the Vice President of Corporate Communications and Investor Relations at Armada Hoffler. She can be contacted via email at CForrest@ArmadaHoffler.com or by phone at (757) 366-4000.
Frequently Asked Questions
What is the significance of Armada Hoffler acquiring Allied | Harbor Point?
The acquisition enables Armada Hoffler to streamline its operations and maintain complete control over a valuable asset in a prime market.
What are the anticipated benefits of full ownership for Armada Hoffler?
Full ownership allows for greater flexibility and improved management of the property, enhancing portfolio quality and value.
When is the acquisition expected to close?
The acquisition is expected to close in June, pending normal closing conditions.
Who is the CEO of Armada Hoffler?
Shawn Tibbetts serves as the Chief Executive Officer and President of Armada Hoffler.
How can I contact Armada Hoffler for inquiries?
You can contact Chelsea Forrest via email or by phone at the provided contact details for any inquiries.
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