Armada Hoffler Properties, Inc Announces Retirement of Anthony P. Nero as President
June 24, 2016 at 04:31 pm EDT
Share
On June 20, 2016, Anthony P. Nero, the President of Development of Armada Hoffler Properties, Inc. informed the Company of his decision to retire effective December 31, 2016. The Company does not
intend to appoint a successor to the office of President of Development, and all responsibilities associated
with that role will be reallocated to other members of the Company's management. Mr. Nero will continue to
serve in his current position until his retirement in order to facilitate an orderly transition of his
responsibilities to other members of management.
Armada Hoffler Properties, Inc. is a vertically integrated, self-managed real estate investment trust (REIT). The Company is engaged in developing, building, acquiring, and managing office, retail and multifamily properties located primarily in the Mid-Atlantic & Southeastern United States. The Company operates through five segments: office real estate, retail real estate, multifamily real estate, general contracting & real estate services, and real estate financing. The Company's general contracting, and real estate services business develops and builds properties for its own account and provides construction and development services to both related and third parties. The real estate financing segment includes the Company's mezzanine loans and preferred equity investments on development projects. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio.