Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of Derivatives

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

	June 30, 2013							December 31, 2012
	(Unaudited)
	Notional Amount		Fair Value					Notional Amount		Fair Value
			Gain		Loss					Gain		Loss
Pay fixed interest rate swaps	$	714	$	—	$	(16	)	$	11,721	$	—	$	(239	)
Interest rate cap		9,242		13		—			9,356		9		—
Total	$	9,956	$	13	$	(16	)	$	21,077	$	9	$	(239	)

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(Unaudited)
Pay fixed interest rate swaps	$	44	$	125	$	152	$	221
Interest rate cap		2		—		4		—
Other income	$	46	$	125	$	156	$	221