AHH
- Armada Hoffler Properties, Inc.
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Overview
Company Summary
Armada Hoffler Properties, Inc. (AHH) is a real estate investment trust (REIT) company that specializes in the acquisition, development, construction, and management of high-quality real estate properties. Founded in 1979 and headquartered in Virginia Beach, Virginia, AHH primarily focuses on owning and managing properties in the mid-Atlantic region of the United States.
AHH operates in two main segments: Development/Construction and Income Properties.
In the Development/Construction segment, Armada Hoffler Properties acquires undeveloped land or underutilized properties, and then plans, designs, and constructs commercial, residential, and mixed-use projects. They work closely with architects, engineers, contractors, and other professionals to bring these projects to life. This segment allows AHH to create value by transforming non-income producing properties into revenue-generating assets.
The Income Properties segment is largely made up of properties that have already been developed and constructed. In this segment, AHH focuses on owning, leasing, and managing a diverse portfolio of income-generating properties, including retail, office, and multi-family properties. By leasing these properties to tenants, AHH generates regular rental income, making it an attractive investment option for shareholders.
Armada Hoffler Properties differentiates itself by incorporating a vertically-integrated business model. This means that they have in-house capabilities to handle various aspects of real estate development and construction, including property management, general contracting, architectural design, and leasing. This allows them to maintain control over the entire real estate lifecycle, from inception to ongoing operations.
Overall, the core business of Armada Hoffler Properties revolves around identifying strategic real estate opportunities, developing and constructing properties with solid income potential, and efficiently managing these properties to maximize returns for their shareholders. Through their expertise in real estate development and their commitment to excellence, AHH aims to create value for both their investors and the communities they serve.