Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives

The Company’s derivatives comprised the following as of December 31, 2014 and 2013 (in thousands):

	December 31,
	2014							2013
	Notional Amount		Fair Value					Notional Amount		Fair Value
			Asset		Liability					Asset		Liability
Pay fixed interest rate swaps	$	685	$	—	$	(11	)	$	705	$	—	$	(16	)
Interest rate caps		180,434		260		—			130,672		102		—
Total	$	181,119	$	260	$	(11	)	$	131,377	$	102	$	(16	)

The changes in the fair value of Armada Hoffler’s derivatives during each of the three years ended December 31, 2014 was as follows (in thousands):

	Years Ended December 31,
	2014			2013			2012
Pay fixed interest rate swaps	$	5		$	152		$	445
Interest rate caps		(238	)		(164	)		(37	)
Other (expense) income	$	(233	)	$	(12	)	$	408