Armada Hoffler Properties Announces Commencement of Public Offering of Common Stock

VIRGINIA BEACH, Va.--()--Armada Hoffler Properties, Inc. (NYSE: AHH) (the "Company") today announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock.

The Company intends to use the net proceeds from the offering to pay down a portion of the outstanding borrowings under its unsecured revolving credit facility, which will allow the Company to re-borrow such amounts to fund a portion of the purchase price for its recently announced potential acquisition of 11 retail properties located primarily in the Mid-Atlantic United States.

Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated and Stifel are serving as joint book-running managers for the offering.

Copies of the preliminary prospectus supplement and accompanying prospectus related to these securities may be obtained from: Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, email: prospectus@raymondjames.com; Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: (800)-792-2473, email: syndicate@rwbaird.com; and Stifel, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: SyndProspectus@stifel.com.

The offering is being made pursuant to a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on June 11, 2014. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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 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. These statements relate to the Company’s offering of common stock and the anticipated use of the net proceeds. No assurance can be given that the offering will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Completion of the offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including, market conditions, general economic conditions and other factors, including those set forth under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, and those set forth in other documents filed by the Company with the Securities and Exchange Commission.

Contacts

Armada Hoffler Properties, Inc.
Michael P. O’Hara, 757-366-6684
Chief Financial Officer and Treasurer
MOHara@ArmadaHoffler.com

Release Summary

Armada Hoffler Properties Announces Commencement of Public Offering of Common Stock

Contacts

Armada Hoffler Properties, Inc.
Michael P. O’Hara, 757-366-6684
Chief Financial Officer and Treasurer
MOHara@ArmadaHoffler.com