Armada Hoffler Properties Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
AHRT$6.38-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule III—Consolidated Real Estate Investments and Accumulated Depreciation
December 31, 2024
| Initial Cost · Cost Capitalized · Gross Carrying Amount · Year of | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Building and · Subsequent to · Building and · Accumulated · Net Carrying · Construction/ | |||||||||||
| Encumbrances · Land · Improvements · Acquisition · Land · Improvements · Total · Depreciation · Amount (1) · Acquisition | |||||||||||
| Retail | |||||||||||
| 249 Central Park Retail | $— | (2) | $271 | $— | $5,660 | $271 | $5,660 | $5,931 | $3,321 | $2,610 | 2004 |
| 4525 Main Street Retail | — | 108 | — | 5,157 | 108 | 5,157 | 5,265 | 2,184 | 3,081 | 2014 | |
| 4621 Columbus Retail | — | (2) | 54 | — | 16,262 | 54 | 16,262 | 16,316 | 7,679 | 8,637 | 2002 |
| Broad Creek Shopping Center | — | (2) | — | — | 10,485 | — | 10,485 | 10,485 | 5,813 | 4,672 | 1997/2001 |
| Broadmoor Plaza | — | (2) | 2,410 | 9,010 | 2,604 | 2,410 | 11,614 | 14,024 | 4,374 | 9,650 | 1980/2016 |
| Brooks Crossing Retail | — | 117 | — | 2,570 | 117 | 2,570 | 2,687 | 629 | 2,058 | 2016 | |
| Chronicle Mill | — | 43 | 15 | 1,559 | 43 | 1,574 | 1,617 | 107 | 1,510 | 2021 | |
| Columbus Village | — | (2) | 7,630 | 10,135 | 8,897 | 7,630 | 19,032 | 26,662 | 7,002 | 19,660 | 1980/2015 |
| Columbus Village II | — | (2)(3) | 8,852 | 10,922 | 2,324 | 8,852 | 13,246 | 22,098 | 6,343 | 15,755 | 1995/2016 |
| Commerce Street Retail | — | (2) | 118 | — | 3,440 | 118 | 3,440 | 3,558 | 2,253 | 1,305 | 2008 |
| Constellation Retail | — | 1,692 | 2,361 | 43 | 1,692 | 2,404 | 4,096 | 243 | 3,853 | 2016/2022 | |
| Delray Beach Plaza | — | (2) | — | 27,151 | 1,208 | — | 28,359 | 28,359 | 3,693 | 24,666 | 2021 |
| Dimmock Square | — | (2) | 5,100 | 13,126 | 2,372 | 5,100 | 15,498 | 20,598 | 4,366 | 16,232 | 1998/2014 |
| Fountain Plaza Retail | — | (2) | 425 | — | 8,582 | 425 | 8,582 | 9,007 | 4,863 | 4,144 | 2004 |
| Greenbrier Square | 19,184 | 8,549 | 21,170 | 652 | 8,549 | 21,822 | 30,371 | 2,421 | 27,950 | 2017/2021 | |
| Greentree Shopping Center | — | (2) | 1,103 | — | 4,373 | 1,103 | 4,373 | 5,476 | 1,853 | 3,623 | 2014 |
| Hanbury Village | — | (2) | 2,565 | — | 16,832 | 2,565 | 16,832 | 19,397 | 9,056 | 10,341 | 2006 |
| Harrisonburg Regal | — | (2) | 1,554 | — | 4,148 | 1,554 | 4,148 | 5,702 | 2,734 | 2,968 | 1999 |
| Lexington Square | 13,293 | 3,035 | 20,581 | 518 | 3,035 | 21,099 | 24,134 | 4,728 | 19,406 | 2017/2018 | |
| Liberty Retail | — | 3,007 | 8,534 | 1,461 | 3,007 | 9,995 | 13,002 | 8,883 | 4,119 | 2013/2014 | |
| Marketplace at Hilltop | — | (2) | 2,023 | 19,886 | 1,473 | 2,023 | 21,359 | 23,382 | 3,448 | 19,934 | 2000/2019 |
| North Hampton Market | — | (2) | 7,250 | 10,210 | 1,486 | 7,250 | 11,696 | 18,946 | 3,828 | 15,118 | 2004/2016 |
| North Pointe Center | — | (2) | 1,276 | — | 23,783 | 1,276 | 23,783 | 25,059 | 13,458 | 11,601 | 1998 |
| One City Center Retail | — | (2) | 437 | 469 | 106 | 437 | 575 | 1,012 | 410 | 602 | 2019 |
| Overlook Village | — | (2) | 6,328 | 20,101 | 756 | 6,328 | 20,857 | 27,185 | 2,508 | 24,677 | 1990/2021 |
| Parkway Centre | — | (2) | 1,372 | 7,864 | 253 | 1,372 | 8,117 | 9,489 | 1,722 | 7,767 | 2017/2018 |
| Parkway Marketplace | — | (2) | 1,150 | — | 4,627 | 1,150 | 4,627 | 5,777 | 2,680 | 3,097 | 1998 |
| Patterson Place | — | (2) | 15,060 | 20,180 | 2,489 | 15,060 | 22,669 | 37,729 | 5,859 | 31,870 | 2004/2016 |
| Pembroke Square | — | (2) | 14,513 | 9,290 | 522 | 14,513 | 9,812 | 24,325 | 1,519 | 22,806 | 1966/ 2015/2022 |
| Perry Hall Marketplace | — | (2) | 3,240 | 8,316 | 686 | 3,240 | 9,002 | 12,242 | 3,369 | 8,873 | 2001/2015 |
| Point St. Retail | — | (2) | — | 7,822 | 430 | — | 8,252 | 8,252 | 1,312 | 6,940 | 2018/2019 |
| Premier Retail | 9,496 | 319 | — | 16,189 | 319 | 16,189 | 16,508 | 3,330 | 13,178 | 2018 | |
| Providence Plaza Retail | — | (2) | 4,771 | 6,094 | 1,427 | 4,771 | 7,521 | 12,292 | 2,210 | 10,082 | 2007/2015 |
| Red Mill Commons | 8,344 | (4) | 44,252 | 30,348 | 7,683 | 44,252 | 38,031 | 82,283 | 10,934 | 71,349 | 2000/2019 |
| Sandbridge Commons | — | (2) | 4,118 | — | 7,531 | 4,118 | 7,531 | 11,649 | 3,211 | 8,438 | 2015 |
| South Retail | — | (2) | 190 | — | 8,683 | 190 | 8,683 | 8,873 | 5,876 | 2,997 | 2002 |
| Initial Cost · Cost Capitalized · Gross Carrying Amount · Year of | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Building and · Subsequent to · Building and · Accumulated · Net Carrying · Construction/ | |||||||||||
| Encumbrances · Land · Improvements · Acquisition · Land · Improvements · Total · Depreciation · Amount (1) · Acquisition | |||||||||||
| South Square | — | (2) | 14,130 | 12,670 | 1,530 | 14,130 | 14,200 | 28,330 | 4,244 | 24,086 | 1977/2016 |
| Southern Post Retail | 14,844 | 931 | — | 22,624 | 931 | 22,624 | 23,555 | 364 | 23,191 | 2021 | |
| Southgate Square | — | 10,238 | 25,950 | 7,290 | 10,238 | 33,240 | 43,478 | 9,853 | 33,625 | 1991/2016 | |
| Southshore Shops | — | (2) | 1,770 | 6,509 | 851 | 1,770 | 7,360 | 9,130 | 2,008 | 7,122 | 2006/2016 |
| Studio 56 Retail | — | (2) | 76 | — | 3,810 | 76 | 3,810 | 3,886 | 1,540 | 2,346 | 2007 |
| The Cosmo Retail | — | 108 | — | 6,867 | 108 | 6,867 | 6,975 | 5,020 | 1,955 | 2006 | |
| The Edison Retail | — | 549 | 2,689 | 247 | 549 | 2,936 | 3,485 | 498 | 2,987 | 1919/ 2014/2020 | |
| The Interlock Retail | — | (2) | — | 66,104 | 1,468 | — | 67,572 | 67,572 | 3,035 | 64,537 | 2021/2023 |
| Two Columbus Retail | — | (2) | 7 | — | 2,644 | 7 | 2,644 | 2,651 | 1,339 | 1,312 | 2009 |
| Tyre Neck Harris Teeter | — | (2) | — | — | 3,309 | — | 3,309 | 3,309 | 2,087 | 1,222 | 2011 |
| Wendover Village | — | (2) | 19,894 | 22,638 | 2,013 | 19,894 | 24,651 | 44,545 | 6,035 | 38,510 | 2004/2016/2019 |
| West Retail | — | (2) | 138 | — | 215 | 138 | 215 | 353 | 109 | 244 | 2002 |
| Total retail | $65,161 | $200,773 | $400,145 | $230,139 | $200,773 | $630,284 | $831,057 | $184,351 | $646,706 | ||
| Office | |||||||||||
| 249 Central Park Office | — | (2) | 442 | — | 12,477 | 442 | 12,477 | 12,919 | 8,035 | 4,884 | 2014 |
| 4525 Main Street | 29,341 | 874 | — | 42,240 | 874 | 42,240 | 43,114 | 15,518 | 27,596 | 2014 | |
| 4605 Columbus Office | — | 12 | — | 1,760 | 12 | 1,760 | 1,772 | 1,618 | 154 | 2002 | |
| Armada Hoffler Tower | — | (2) | 1,838 | — | 74,999 | 1,838 | 74,999 | 76,837 | 48,719 | 28,118 | 2002 |
| Brooks Crossing Office | — | (2) | 295 | — | 19,525 | 295 | 19,525 | 19,820 | 3,784 | 16,036 | 2016/2019 |
| Chronicle Mill Office | — | 344 | 7 | 700 | 344 | 707 | 1,051 | 37 | 1,014 | 2021 | |
| Constellation Office | 175,000 | 19,459 | 174,582 | 3,163 | 19,459 | 177,745 | 197,204 | 13,779 | 183,425 | 2016/2022 | |
| One City Center | — | (2) | 2,474 | 27,733 | 6,235 | 2,474 | 33,968 | 36,442 | 5,712 | 30,730 | 2019 |
| One Columbus | — | (2) | 960 | 10,269 | 16,843 | 960 | 27,112 | 28,072 | 17,268 | 10,804 | 1984 |
| Providence Plaza Office | — | (2) | 5,179 | 6,275 | 1,469 | 5,179 | 7,744 | 12,923 | 2,621 | 10,302 | 2007/2015 |
| Southern Post Office | 15,272 | 1,575 | — | 38,263 | 1,575 | 38,263 | 39,838 | 831 | 39,007 | 2024 | |
| Thames Street Wharf | 66,461 | 15,861 | 64,689 | 2,369 | 15,861 | 67,058 | 82,919 | 9,472 | 73,447 | 2010/2019 | |
| The Interlock Office | — | (2) | — | 117,864 | 579 | — | 118,443 | 118,443 | 5,073 | 113,370 | 2021/2023 |
| Two Columbus Office | — | (2) | 47 | — | 21,299 | 47 | 21,299 | 21,346 | 11,146 | 10,200 | 2009 |
| Wills Wharf | — | (2) | — | — | 119,979 | — | 119,979 | 119,979 | 17,887 | 102,092 | 2020 |
| Total office | $286,074 | $49,360 | $401,419 | $361,900 | $49,360 | $763,319 | $812,679 | $161,500 | $651,179 | ||
| Mutifamily | |||||||||||
| 1305 Dock Street | $— | $2,165 | $18,114 | $434 | $2,165 | $18,548 | $20,713 | $1,479 | $19,234 | 2016/2022 | |
| 1405 Point | — | (2) | — | 87,644 | 4,819 | — | 92,463 | 92,463 | 16,671 | 75,792 | 2018/2019 |
| Chandler Residences | 30,128 | 2,507 | — | 52,774 | 2,507 | 52,774 | 55,281 | 1,511 | 53,770 | 2021 | |
| Chronicle Mill Apartments | — | 1,401 | 537 | 55,411 | 1,401 | 55,948 | 57,349 | 4,164 | 53,185 | 2021 | |
| Encore Apartments | 22,846 | 1,293 | — | 32,996 | 1,293 | 32,996 | 34,289 | 10,193 | 24,096 | 2014 | |
| Greenside Apartments | 30,321 | 5,711 | — | 46,071 | 5,711 | 46,071 | 51,782 | 9,295 | 42,487 | 2018 | |
| Liberty Apartments | 20,242 | 573 | 14,960 | 2,561 | 573 | 17,521 | 18,094 | 465 | 17,629 | 2013/2014 | |
| Premier Apartments | 19,919 | 647 | — | 30,032 | 647 | 30,032 | 30,679 | 5,667 | 25,012 | 2018 | |
| Smith’s Landing | 13,584 | — | 35,105 | 6,533 | — | 41,638 | 41,638 | 14,307 | 27,331 | 2009/2013 | |
| Initial Cost · Cost Capitalized · Gross Carrying Amount · Year of | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Building and · Subsequent to · Building and · Accumulated · Net Carrying · Construction/ | |||||||||||
| Encumbrances · Land · Improvements · Acquisition · Land · Improvements · Total · Depreciation · Amount (1) · Acquisition | |||||||||||
| The Cosmopolitan | 39,461 | 877 | — | 73,878 | 877 | 73,878 | 74,755 | 35,502 | 39,253 | 2006 | |
| The Edison | 14,774 | 2,879 | 15,893 | 1,459 | 2,879 | 17,352 | 20,231 | 3,242 | 16,989 | 1919/ 2014/2020 | |
| The Everly | 30,000 | 4,834 | — | 45,458 | 4,834 | 45,458 | 50,292 | 3,560 | 46,732 | 2020 | |
| Total multifamily | $221,275 | $22,887 | $172,253 | $352,426 | $22,887 | $524,679 | $547,566 | $106,056 | $441,510 | ||
| Held for development | $— | (5) | $5,683 | $— | $— | $5,683 | $— | $5,683 | $— | $5,683 | |
| Real estate investments | $572,510 | $278,703 | $973,817 | $944,465 | $278,703 | $1,918,282 | $2,196,985 | $451,907 | $1,745,078 | ||
(1)The net carrying amount of real estate for federal income tax purposes was $1,575.9 million as of December 31, 2024.
(2)Borrowing base collateral for the credit facility, M&T term loan facility, and TD term loan facility as of December 31, 2024.
(3)As of December 31, 2024, $5.7 million of this property's land value was included in held for development related to redevelopment plans.
(4)A portion of this property is borrowing base collateral for the credit facility, M&T term loan facility, and TD term loan facility as of December 31, 2024.
(5)Held for development includes Columbus Village II land held for redevelopment, which is borrowing base collateral for the credit facility, M&T term loan facility, and TD term loan facility as of December 31, 2024.
Income producing property is depreciated on a straight-line basis over the following estimated useful lives:
| Buildings | 39 years |
|---|---|
| Capital improvements | 5—20 years |
| Equipment | 3—7 years |
| Tenant improvements | Term of the related lease (or estimated useful life, if shorter) |
| Real Estate · Accumulated | ||||
|---|---|---|---|---|
| Investments · Depreciation | ||||
| December 31, | ||||
| 2024 | 2023 | 2024 | 2023 | |
| Balance at beginning of the year | $2,207,287 | $1,943,575 | $393,169 | $329,963 |
| Construction costs and improvements | 62,057 | 80,089 | — | — |
| Acquisitions | — | 183,982 | — | — |
| Dispositions | (66,618) | (260) | (9,543) | (260) |
| Reclassifications | (5,741) | (99) | 1,371 | — |
| Depreciation | — | — | 66,910 | 63,466 |
| Balance at end of the year | $2,196,985 | $2,207,287 | $451,907 | $393,169 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.