GlobeNewswire Inc | Jul 28, 2020 06:00AM EDT

July 28, 2020

VIRGINIA BEACH, Va., July 28, 2020 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) today provided a leasing update on its student housing properties. As of July 27, the Companys student housing portfolio is 95% pre-leased for the 2020-2021 academic year.

-- Hoffler Place in Charleston, South Carolina is 100% pre-leased. -- Summit Place in Charleston, South Carolina is 97% pre-leased. -- Johns Hopkins Village (Nine East 33rd) in Baltimore, Maryland is 91% pre-leased.

I am pleased to report that all three of our student housing assets will be essentially fully occupied for the coming school year, said Louis Haddad, President and Chief Executive Officer. Both of our Charleston properties, including the newly-delivered Summit Place, are effectively 100% pre-leased and at Johns Hopkins, we have ample prospects for the remaining available beds. Our Class-A communities strive to provide clean, safe, and healthy living environments for returning students. As part of the Johns Hopkins University and College of Charleston communities, we are excited to welcome students back to campus.

About Armada Hoffler Properties, Inc.Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes. For more information, visit ArmadaHoffler.com.

Contact:Michael P. OHaraArmada Hoffler Properties, Inc.Chief Financial Officer, Treasurer, and SecretaryEmail: MOHara@ArmadaHoffler.comPhone: (757) 366-6684