ElmTree Funds, LLC acquired 220,000 Square Foot Distribution Facility in Virginia from Armada Hoffler Properties, Inc. for $25.9 million.
January 03, 2019
Share
ElmTree Funds, LLC acquired 220,000 Square Foot Distribution Facility in Virginia from Armada Hoffler Properties, Inc. (NYSE:AHH) for $25.9 million on December 20, 2018. Holliday Fenoglio Fowler LP acted as real estate broker to Armada Hoffler Properties
ElmTree Funds, LLC completed the acquisition of 220,000 Square Foot Distribution Facility in Virginia from Armada Hoffler Properties, Inc. (NYSE:AHH) on December 20, 2018.
Armada Hoffler Properties, Inc. is a vertically integrated, self-managed real estate investment trust (REIT). The Company is engaged in developing, building, acquiring, and managing office, retail and multifamily properties located primarily in the Mid-Atlantic & Southeastern United States. The Company operates through five segments: office real estate, retail real estate, multifamily real estate, general contracting & real estate services, and real estate financing. The Company's general contracting, and real estate services business develops and builds properties for its own account and provides construction and development services to both related and third parties. The real estate financing segment includes the Company's mezzanine loans and preferred equity investments on development projects. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio.
ARMADA HOFFLER PROPERTIES, INC. 
