Armada Hoffler Properties, Inc. Announces Exercise in Full of Underwriters' Overallotment Option
VIRGINIA BEACH, Va.--(BUSINESS WIRE)-- Armada Hoffler Properties, Inc. (NYS: AHH) (the "Company") today announced that the underwriters of its initial public offering ("IPO") have exercised their overallotment option in full to purchase an additional 2,478,750 shares of the Company's common stock (the "Additional Shares") at the IPO price of $11.50 per share. The overallotment option was granted in connection with the Company's IPO of 16,525,000 shares of common stock that was completed on May 13, 2013. The Company's common stock is listed on the New York Stock Exchange under the symbol "AHH."
Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated served as joint book-running managers for the IPO. Oppenheimer & Co. served as lead manager. BB&T Capital Markets, a division of BB&T Securities, LLC, Janney Montgomery Scott LLC and Wunderlich Securities, Inc., served as co-managers for the IPO.
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 United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
Armada Hoffler Properties, Inc.
Phone: (757) 366-6620
KEYWORDS: United States North America Virginia
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