Armada Hoffler Acquires Full Ownership of Allied | Harbor Point | AHH Stock News

• Armada Hoffler (AHH, Financial) to acquire full ownership of Allied | Harbor Point in Baltimore by purchasing minority stake.
• The acquisition aligns with AHH’s strategy of focusing on wholly owned assets in premium mixed-use locations.
• Deal expected to close by June 2025, enhancing control and operational flexibility.

Armada Hoffler (AHH) has announced its plan to acquire full ownership of Allied | Harbor Point, a prominent 312-unit multifamily property located in Baltimore’s Harbor Point community. This initiative involves purchasing the minority stake held by Beatty Development Group, transitioning the property from joint venture to sole ownership.

The transaction is in line with AHH’s broader strategic objective of streamlining operations and concentrating on wholly owned assets in top-tier mixed-use environments. The closing date for this acquisition is set for June 2025, pending standard closing conditions.

Allied | Harbor Point, opened in early 2025, boasts waterfront views and features a landscaped rooftop terrace. Since its opening, the property has experienced robust demand, making it a valuable addition to AHH’s portfolio. This acquisition underscores AHH’s commitment to enhancing portfolio quality and achieving complete control over its assets.

For further information about Armada Hoffler and its projects, you can visit their official website at ArmadaHoffler.com.