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AHH - Armada Hoffler Properties updates its FY18 FFO guidance
Armada Hoffler Properties Inc.
Armada Hoffler Properties (NYSE:AHH) reached an agreement to sell its at-cost purchase option to the developer of The Residences at Annapolis Junction for $5M. The Company agreed to allow the developer to refinance the project and extend the maturity of the mezzanine loan in order to realize the full potential value upon expected stabilization in 2019.