August 10, 2020

Armada Hoffler posts half-year earnings record as it emerges from recession stronger

VIRGINIA BEACH — Despite the economic malaise the coronavirus pandemic has brought, Armada Hoffler, the Virginia Beach-based developer behind Town Center, achieved its largest earnings on record in the first six months of the year.

Read the full article by The Virginian Pilot here.

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At Armada Hoffler, our goal remains the safety and well-being of our employees, their families and all of our stakeholder groups.  In response to the ongoing COVID-19 pandemic, our offices have pivoted to a phased-in approach consisting of remote work and in office work. We are working every day to remain consistent with guidelines and protocol issued by the state authorities. Implementation of contingency plans for unseen circumstances such as this, allow our employees to conduct business as usual, regardless of office location. We are committed to providing the same support to our partners and tenants as well as continued communication for our investors. We have always been dedicated to the communities around us and devoted to do our part to keep them safe. We will continue to monitor the situation as it progresses and provide updates as needed.