Armada Hoffler Completes The $215M Acquisition Of The Interlock In Atlanta's West Midtown, Which Is Immediately Accretive
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Armada Hoffler Properties (AHH) has completed the $215 million acquisition of The Interlock, a mixed-use property in Atlanta's West Midtown. The acquisition is immediately accretive to the company's earnings.
May 22, 2023 | 10:19 am
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Armada Hoffler Properties (AHH) has acquired The Interlock for $215 million, which is expected to be immediately accretive to the company's earnings.
The acquisition of The Interlock by Armada Hoffler Properties is expected to have a positive short-term impact on the company's stock price. The deal is immediately accretive, meaning it will boost the company's earnings right away. This is likely to be seen as a positive development by investors, leading to increased demand for AHH shares and a potential rise in the stock price.
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