Initial Public Offering

Real Estate
Initial Public Offering


Baird served as the lead book-running manager on this offering.


Armada Hoffler Properties, Inc. (“Armada” or the “Company”) (NYSE: AHH) recently completed an initial public offering of 19,003,750 common shares at a price of $11.50 per share generating gross proceeds of $218.5 million. Armada intends to use the net proceeds from the offering to repay outstanding indebtedness, pay prior investors in connection with the formation transaction and for general corporate purposes.

Armada 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 in Virginia and North Carolina. The Company is one of the largest Virginia-based commercial contractors, consistently ranking among the Top 400 general contractors and Top 50 retail contractors in the U.S. Additionally, the company has successfully developed major projects in markets outside Virginia, including the transformative Mandarin Oriental in Washington DC and Baltimore’s Inner Harbor. Armada was founded in 1979 and is headquartered in Virginia Beach, Virginia.

For additional information about this transaction, please contact:

Steve Goldberg (202) 303-1808
Jeff Rogatz (202) 303-1823
Peter Kies (414) 765-7562
Thomas O’Hare (202) 303-1811
Mike Wilcox (312) 609-4927
Real Estate
Initial Public Offering
May 2013
Armada Hoffler Properties, Inc.
Real Estate
Target Location
North America