October 7, 2020

Armada Hoffler Properties Acquires The Edison Apartments in Downtown Richmond, Virginia

The Edison high-rise apartment building in downtown Richmond has a new owner.

Virginia Beach-based Armada Hoffler Properties Inc. acquired the 174-unit complex at Seventh and East Franklin streets for $25 million, the company said. The deal includes the assumption of debt and the issuance of operating partnership units.

Read full article by the Richmond Times-Dispatch here.

Recommended Articles

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.