Armada Hoffler buys Atlanta mixed-use The Interlock for $215M; accretive off-market deal

AH Realty Trust, Inc.

Acquisition price $215M; 6.5% cash cap rate, 8.0% GAAP cap rate; immediately accretive.
Financing includes $100M new fixed-rate debt ($75M unsecured term loan), mezzanine loan conversion, and OP units.
Property is 89% leased (+6% at lease); 311K sq ft commercial, 835-space garage; Georgia Tech affiliate anchor tenant.
Company was general contractor; expands Atlanta portfolio; closing expected Q2 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AH Realty Trust, Inc. entered into Agreement with an unrelated third party valued at approximately $215 million (effective 2023-05-04).

Action: entry
Agreement: asset purchase
Counterparty: an unrelated third party
Value: approximately $215 million
Effective: 2023-05-04

Exact text from the filing

On May 4, 2023, a wholly owned subsidiary of Armada Hoffler Properties, Inc. (the “Company”) entered into a contribution agreement (the “Agreement”) with an unrelated third party to acquire a mixed-use property known as The Interlock for a purchase price of approximately $215 million (the “Interlock Acquisition”).

View on SEC.gov

271 material agreements filed in the last 30 days. Browse all material agreements →

AH Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001569187-23-000040

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.