VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it is being added to the MSCI U.S. REIT Index (RMZ) effective as of the close of the market on November 30, 2016. The RMZ is a widely-followed index currently comprised of 149 companies with a combined market capitalization of nearly $800 billion.
“Our inclusion in the RMZ is further validation of our unique business model which has driven robust growth and total shareholder return since our IPO,” said Louis S. Haddad, Chief Executive Officer. “We believe this recognition will expose AHH to a larger institutional investor base and will continue to solidify the company’s identity and brand recognition in the REIT industry.”
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.