Armada Hoffler Acquires Full Ownership of Allied | Harbor Point
Armada Hoffler (NYSE: AHH) has announced an agreement to acquire full ownership of Allied | Harbor Point, a 312-unit multifamily property in Baltimore, by purchasing its joint venture partner Beatty Development Group's minority stake. The acquisition, expected to close in June 2025, aligns with AHH's strategy to simplify operations and focus on wholly owned assets in premium mixed-use locations.
The property, which opened in early 2025, features waterfront views and a landscaped rooftop terrace. Located in the Harbor Point mixed-use community, the asset has shown strong demand since its opening. This transition from joint venture to sole ownership aims to enhance portfolio quality while providing AHH complete control over the property.
Armada Hoffler (NYSE: AHH) ha annunciato un accordo per acquisire la piena proprietà di Allied | Harbor Point, un complesso multifamiliare di 312 unità a Baltimora, acquistando la quota minoritaria del partner di joint venture Beatty Development Group. L'acquisizione, prevista per giugno 2025, è in linea con la strategia di AHH di semplificare le operazioni e concentrarsi su asset interamente di proprietà in location premium a uso misto.
La proprietà, inaugurata all'inizio del 2025, offre viste sul lungomare e una terrazza panoramica paesaggistica sul tetto. Situata nella comunità a uso misto di Harbor Point, l'immobile ha registrato una forte domanda fin dall'apertura. Questa transizione da joint venture a proprietà esclusiva mira a migliorare la qualità del portafoglio, garantendo ad AHH il pieno controllo dell'immobile.
Armada Hoffler (NYSE: AHH) ha anunciado un acuerdo para adquirir la propiedad total de Allied | Harbor Point, una propiedad multifamiliar de 312 unidades en Baltimore, comprando la participación minoritaria de su socio en la empresa conjunta, Beatty Development Group. La adquisición, que se espera cerrar en junio de 2025, se alinea con la estrategia de AHH de simplificar operaciones y enfocarse en activos de propiedad total en ubicaciones premium de uso mixto.
La propiedad, que abrió a principios de 2025, cuenta con vistas al agua y una terraza ajardinada en la azotea. Ubicada en la comunidad de uso mixto Harbor Point, el activo ha mostrado una fuerte demanda desde su apertura. Esta transición de empresa conjunta a propiedad exclusiva busca mejorar la calidad de la cartera, proporcionando a AHH control total sobre la propiedad.
Armada Hoffler (NYSE: AHH)는 공동 투자 파트너인 Beatty Development Group의 소수 지분을 인수하여 볼티모어에 위치한 312가구 규모의 다가구 주택 Allied | Harbor Point의 완전 소유권을 획득하기로 합의했다고 발표했습니다. 이번 인수는 2025년 6월에 완료될 예정이며, AHH의 운영 단순화 및 프리미엄 복합 용도 지역 내 전액 소유 자산에 집중하는 전략과 일치합니다.
2025년 초에 개장한 이 부동산은 해안 전망과 조경된 옥상 테라스를 갖추고 있습니다. Harbor Point 복합 용도 커뮤니티에 위치한 이 자산은 개장 이후 강한 수요를 보여왔습니다. 공동 투자에서 단독 소유로의 전환은 포트폴리오 품질을 향상시키고 AHH에게 부동산에 대한 완전한 통제권을 제공하는 것을 목표로 합니다.
Armada Hoffler (NYSE : AHH) a annoncé un accord pour acquérir la pleine propriété de Allied | Harbor Point, une résidence multifamiliale de 312 unités à Baltimore, en achetant la participation minoritaire de son partenaire en coentreprise, Beatty Development Group. L'acquisition, prévue pour juin 2025, s'inscrit dans la stratégie d'AHH visant à simplifier les opérations et à se concentrer sur des actifs entièrement détenus situés dans des emplacements mixtes haut de gamme.
La propriété, inaugurée début 2025, offre une vue sur le front de mer ainsi qu'une terrasse paysagée sur le toit. Situé dans la communauté à usage mixte de Harbor Point, cet actif a montré une forte demande depuis son ouverture. Cette transition d'une coentreprise à une propriété exclusive vise à améliorer la qualité du portefeuille tout en offrant à AHH un contrôle total sur la propriété.
Armada Hoffler (NYSE: AHH) hat eine Vereinbarung zur vollständigen Übernahme von Allied | Harbor Point, einer 312 Einheiten umfassenden Mehrfamilienimmobilie in Baltimore, bekannt gegeben, indem es den Minderheitsanteil seines Joint-Venture-Partners Beatty Development Group erwirbt. Der Erwerb, der voraussichtlich im Juni 2025 abgeschlossen wird, entspricht der Strategie von AHH, die Geschäftsabläufe zu vereinfachen und sich auf vollständig im Eigentum befindliche Vermögenswerte an erstklassigen Standorten mit gemischter Nutzung zu konzentrieren.
Die Anfang 2025 eröffnete Immobilie bietet Wasserblick und eine begrünte Dachterrasse. Das Objekt befindet sich in der gemischt genutzten Gemeinde Harbor Point und verzeichnet seit der Eröffnung eine starke Nachfrage. Der Übergang von einer Joint Venture-Partnerschaft zur Alleineigentümerschaft soll die Portfolioqualität verbessern und AHH die vollständige Kontrolle über die Immobilie ermöglichen.
- None.
- Capital expenditure required for minority stake acquisition
- Increased exposure to single asset risk
VIRGINIA BEACH, Va., May 05, 2025 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE: AHH) today announced it has reached an agreement with its joint venture partner, Beatty Development Group, to acquire full ownership and control of Allied | Harbor Point, a 312-unit multifamily asset located in Harbor Point Baltimore. The transaction aligns with the company’s strategic initiative to simplify its business, create synergies with existing assets and enhance long-term value.
Under the terms of the agreement, Armada Hoffler will acquire the partner’s minority interest in the property, transitioning from joint venture ownership to sole ownership. The acquisition is expected to close in June, subject to customary closing conditions.
“This agreement reflects our ongoing commitment to streamline our operations and concentrate on wholly owned assets located in best-in-market mixed use environments,” said Shawn Tibbetts, Chief Executive Officer and President of Armada Hoffler. “Taking full ownership of this high-quality, new multifamily asset enhances our portfolio quality and gives us
Located in the mixed-use community, Harbor Point, Allied | Harbor Point has demonstrated strong demand since its opening in early 2025. The property offers a fully landscaped rooftop terrace, and waterfront views of the harbor, making it a valuable asset in Armada Hoffler’s portfolio.
About Armada Hoffler
Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information, visit ArmadaHoffler.com.
Contact:
Chelsea Forrest
Armada Hoffler
VP of Corp. Comms. and Investor Relations
Email: CForrest@ArmadaHoffler.com
Phone: (757) 366-4000
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