Armada Hoffler Properties, Inc. is a real estate company, which develops, builds, owns, and manages institutional-grade office, retail and multifamily properties in the Mid-Atlantic United States. The company is headquartered in Virginia Beach, Virginia and currently employs 161 full-time employees. The company went IPO on 2013-08-05. The firm is engaged in developing, building, acquiring, and managing office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The firm also provides general construction and development services to third-party clients. The firm operates through four segments: office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. The firm'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 firm leases its properties under operating leases and recognizes base rents when earned on a straight-line basis over the lease term. The company has developed mid- and high-rise office buildings and retail strip malls, among others.