Employee Benefit Plans (Predecessor)

3 Months Ended

Mar. 31, 2013

Predecessor

Employee Benefit Plans

7. Employee Benefit Plans

Armada Hoffler has a deferred compensation plan for certain key employees pursuant to which Armada Hoffler has purchased whole life insurance policies. Armada Hoffler has agreed to fund these policies for all such covered employees who must fulfill an employment obligation based on years of service in order to become vested in the plan. As of March 31, 2013 and December 31, 2012, Armada Hoffler’s deferred compensation liability was $1.4 million and $1.2 million, respectively. The cash surrender value of life insurance policies was $1.3 million and $1.2 million as of March 31, 2013 and December 31, 2012, respectively. Armada Hoffler discontinued its deferred compensation plan in May 2013.