Armada Hoffler Acquires Full Ownership of Allied | Harbor Point

Deal News | May 06, 2025 | Globenewswire

Armada Hoffler Acquires Full Ownership of Allied | Harbor Point

Armada Hoffler has announced its acquisition of full ownership of the Allied | Harbor Point multifamily property, initially developed in partnership with Beatty Development Group. Located in Baltimore, this 312-unit complex has proven to be a significant asset since its opening in early 2025. This move is a strategic part of Armada Hoffler's initiative to streamline operations and focus on wholly owned assets in prime real estate markets. By acquiring the minority interest from its joint venture partner, Armada Hoffler aims to enhance the quality and value of its portfolio. The transaction is anticipated to close in June, pending customary conditions, reinforcing the company's commitment to wholly owned asset concentration in high-demand, mixed-use environments.

Sectors

  • Real Estate Investment Trusts (REITs)
  • Multifamily Real Estate

Geography

  • United States – Armada Hoffler operates primarily in the Mid-Atlantic and Southeastern United States, and the acquired property is located in Baltimore, MD.

Industry

  • Real Estate Investment Trusts (REITs) – This industry is relevant because Armada Hoffler is a vertically integrated, self-managed REIT focusing on developing, acquiring, and managing multifamily properties and other real estate assets.
  • Multifamily Real Estate – The acquisition concerns the Allied | Harbor Point, a multifamily property, which is a segment within the real estate industry that deals with residential properties consisting of multiple housing units.

Financials

  • – The financial terms of the acquisition are not disclosed.

Participants

NameRoleTypeDescription
Armada HofflerAcquirerCompanyA vertically integrated, self-managed REIT with a focus on high-quality office, retail, and multifamily properties.
Beatty Development GroupSelling CompanyCompanyThe joint venture partner selling its minority interest in the property.
Allied | Harbor PointTarget CompanyCompanyThe 312-unit multifamily asset in Baltimore being acquired fully by Armada Hoffler.
Shawn TibbettsChief Executive Officer and PresidentPersonCEO of Armada Hoffler, commenting on the strategic acquisition.