Armada Hoffler (AHH) said Monday it will acquire complete ownership of the Allied Harbor Point apartment complex in Baltimore by purchasing its partner Beatty Development Group's minority stake.
Financial details were not disclosed.
Expected to close in June, the transaction will shift the 312-unit development from joint venture status to full ownership, giving Armada Hoffler full operational control, the company said.
The complex has drawn strong interest from renters since opening earlier this year and includes a rooftop terrace and harbor views, which Armada Hoffler said make it a key addition to its mixed-use real estate holdings.
Shares of the company were down 2.6% in recent Monday premarket activity.
Price: 6.71, Change: -0.18, Percent Change: -2.61
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。