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Armada Hoffler Properties
-4.32%
Real estate / REIT
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebArmada Hoffler Properties is a publicly traded real estate company that specializes in the development, construction, and management of high-quality, institutional-grade commercial properties. Founded in 1979 and headquartered in Virginia Beach, Virginia, the company has a diverse portfolio of properties that include office, retail, and multifamily buildings located primarily in the Mid-Atlantic and Southeastern United States.
The company’s history can be traced back to Armada Realty, which was founded by Daniel A. Hoffler and John R. Armada in 1979. In 2013, the company was renamed Armada Hoffler Properties after merging with Armada Realty Trust and becoming publicly traded on the New York Stock Exchange.
Today, the company employs over 200 professionals and has a market capitalization of approximately $1.6 billion. With a commitment to sustainability and community involvement, Armada Hoffler Properties has become a leader in the commercial real estate industry.
Services offered by Armada Hoffler Properties
Armada Hoffler Properties offers a range of services related to the development, construction, and management of commercial real estate. These services include:
1. Development: The company has a track record of successful development projects, including new construction and redevelopment of existing properties. This includes due diligence, design and engineering, financing, and construction management.
2. Construction: With an in-house team of experienced professionals, Armada Hoffler Properties offers construction management services for its own developments as well as for third-party clients.
3. Leasing and Property Management: The company has a dedicated team of leasing and property management specialists who work to maximize occupancy and rental rates for their properties. This includes marketing, lease negotiations, tenant relations, and property maintenance.
4. Asset Management: Armada Hoffler Properties also offers asset management services to its clients, including financial analysis and reporting, strategic planning, and risk mitigation.
5. Financing: The company has a strong relationship with various lenders and has experience in securing financing for its clients’ projects.
Portfolio of properties
Armada Hoffler Properties has a diverse portfolio of properties that includes office buildings, retail centers, and multifamily properties. Some of their notable developments include:
1. Town Center of Virginia Beach: This mixed-use development in Virginia Beach features over 1 million square feet of Class A office space, luxury apartments, retail shops, and restaurants.
2. Summit Pointe: Located in Chesapeake, Virginia, this development is a 69-acre, mixed-use community that includes Class A office space, a hotel, retail and restaurant space, and residential apartments.
3. Maryland Farms Office Complex: This 1 million square foot office park in Brentwood, Tennessee, is one of the largest in the Nashville area and is home to several Fortune 500 companies.
4. BLVD at Lenox: This luxury apartment community in Atlanta, Georgia, features over 320 units, a rooftop pool, and high-end amenities.
In addition to these developments, Armada Hoffler Properties also has properties in North Carolina, South Carolina, and Maryland.
Sustainability and community involvement
Armada Hoffler Properties is committed to sustainability and has implemented various energy-efficient and environmentally conscious practices in its developments. The company has received LEED (Leadership in Energy and Environmental Design) certification for several of its properties and is a member of the U.S. Green Building Council.
The company also has a strong commitment to community involvement and has partnerships with various local organizations and charities. Their employees participate in volunteer opportunities and the company also supports various charitable initiatives, including scholarships and fundraising events.
1. Diversified Portfolio: Armada Hoffler Properties has a diversified portfolio of properties including office, retail, residential, and hotel properties. This helps mitigate risks and provides stability to the company’s earnings.
2. Experience and Expertise: With over 40 years of experience in the real estate industry, Armada Hoffler Properties has a strong track record of delivering high-quality developments and generating strong returns for investors.
3. Focus on High-Growth Markets: The company strategically focuses on high-growth markets with strong economic fundamentals and potential for future development. This helps to widen the company’s opportunities for growth and profitability.
4. Strong Tenant Relationships: Armada Hoffler Properties has a long-standing relationship with many high-profile tenants, such as Amazon, Whole Foods Market, and Microsoft, among others. This demonstrates the company’s ability to attract and retain quality tenants, which is crucial for generating stable rental income.
5. Sustainable Development: The company is committed to sustainable development practices, promoting energy efficiency, and reducing carbon footprint in its properties. This aligns with the growing trend of environmentally conscious real estate development and can attract socially responsible investors.
6. Experienced Management Team: The company’s management team has extensive experience and a deep understanding of the real estate market. They have a proven track record of executing successful development projects and creating value for shareholders.
7. Strong Financials: Armada Hoffler Properties has a strong balance sheet and financial stability, with a low debt-to-equity ratio and consistent revenue growth. This provides a strong foundation for the company to weather economic downturns and continue to generate returns for investors.
8. Corporate Social Responsibility: The company is committed to giving back to the communities in which it operates through philanthropic initiatives and partnerships with local organizations. This demonstrates its commitment to responsible business practices and social impact.
The Armada Hoffler Properties company’s business model is primarily focused on commercial real estate development, construction, acquisition, and management. The company invests in and develops a diverse range of properties including office, retail, and mixed-use projects. They also provide construction services for third-party clients. In addition, the company offers property management, leasing, and marketing services to support the ongoing success of their properties. They aim to generate long-term value for their shareholders through strategic acquisitions, development projects, and efficient property management practices.
1. Armada Hoffler Properties is a real estate and construction company based in Virginia Beach, Virginia. It was founded in 1979 by Daniel A. Hoffler and Louis Haddad.
2. The company was initially focused on building and developing shopping centers, but later diversified into other types of commercial and residential properties.
3. Armada Hoffler Properties went public in 2013 and is listed on the New York Stock Exchange under the ticker symbol AHH.
4. In 2017, the company completed the construction of The Franklin Johnston Group’s new corporate headquarters in Virginia Beach, which is also certified as a LEED Gold building.
5. Armada Hoffler Properties has developed more than 6 million square feet of commercial space and over 10,000 residential units since its inception.
6. The company has a strong focus on sustainable and environmentally friendly development, and has been recognized for its LEED certified properties.
7. In 2019, Armada Hoffler Properties entered into a joint venture to develop and manage an upscale mixed-use project in Charleston, South Carolina, called The Beach Company.
8. The company has also completed several notable projects, including the Harbor Point project in Baltimore, Maryland, which includes a luxury apartment building and a new regional headquarters for Exelon Corporation.
9. Armada Hoffler Properties has received numerous awards and accolades, including being named one of the Top 100 public real estate companies by the National Real Estate Investor magazine.
10. The company has a strong commitment to giving back to the community and has established the Armada Hoffler Foundation, which supports local charities, schools, and community organizations.