Discontinued Operations

12 Months Ended

Dec. 31, 2013

21.

Discontinued Operations

Armada Hoffler presented the held for sale Studio 56 residential condominium units as discontinued operations during the years ended December 31, 2012 and 2011. Net sale proceeds during the years ended December 31, 2012 and 2011 were $0.5 million and $2.5 million, respectively. Armada Hoffler sold the last Studio 56 residential condominium unit during the year ended December 31, 2012. Armada Hoffler currently has no plans to develop residential condominium units for sale.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details