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Real Estate Investments (Tables)
 6 Months Ended
Jun. 30, 2013
Real Estate Investments

Armada Hoffler’s real estate investments comprised the following as of June 30, 2013 and December 31, 2012 (in thousands):

 

     June 30,
2013		     December 31,
2012		  
     (Unaudited)        

Land

    $ 32,217      $ 24,511   

Land improvements

      12,544        11,543   

Buildings and improvements

      363,015        316,596   

Development costs

      2,089        2,090   

Construction in progress

      10,422        —    
  

 

 

    

 

 

  
     420,287        354,740   
  

 

 

    

 

 

  

Accumulated depreciation

      (98,612 )      (92,454 ) 
  

 

 

    

 

 

  

Net real estate investments

    $ 321,675      $ 262,286