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Business and Organization (Tables)
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Operating Portfolio As of December 31, 2023, the Company's operating portfolio consisted of the following properties:  
PropertyLocationOwnership Interest
Retail 
Town Center of Virginia Beach 
249 Central Park Retail* Virginia Beach, Virginia100 %
Apex Entertainment* Virginia Beach, Virginia100 %
Columbus Village* Virginia Beach, Virginia100 %
Commerce Street Retail* Virginia Beach, Virginia100 %
Fountain Plaza Retail*Virginia Beach, Virginia100 %
Pembroke Square*Virginia Beach, Virginia100 %
Premier Retail* Virginia Beach, Virginia100 %
South Retail* Virginia Beach, Virginia100 %
Studio 56 Retail* Virginia Beach, Virginia100 %
Grocery Anchored 
Broad Creek Shopping Center Norfolk, Virginia100 %
Broadmoor PlazaSouth Bend, Indiana100 %
Brooks Crossing Retail*Newport News, Virginia65 %
(1)
Delray Beach Plaza* Delray Beach, Florida100 %
Greenbrier Square Chesapeake, Virginia100 %
Greentree Shopping CenterChesapeake, Virginia100 %
Hanbury VillageChesapeake, Virginia100 %
Lexington SquareLexington, South Carolina100 %
Market at Mill CreekMount Pleasant, South Carolina100 %
North Pointe Center Durham, North Carolina100 %
Parkway CentreMoultrie, Georgia100 %
Parkway MarketplaceVirginia Beach, Virginia100 %
Perry Hall MarketplacePerry Hall, Maryland100 %
Sandbridge Commons Virginia Beach, Virginia100 %
Tyre Neck Harris TeeterPortsmouth, Virginia100 %
Southeast Sunbelt 
Nexton Square* Summerville, South Carolina100 %
North Hampton MarketTaylors, South Carolina100 %
PropertyLocationOwnership Interest
Overlook Village Asheville, North Carolina100 %
Patterson Place Durham, North Carolina100 %
Providence Plaza*Charlotte, North Carolina100 %
South SquareDurham, North Carolina100 %
The Interlock Retail*Atlanta, Georgia100 %
Wendover VillageGreensboro, North Carolina100 %
Mid-Atlantic 
Dimmock Square Colonial Heights, Virginia100 %
Harrisonburg Regal Harrisonburg, Virginia100 %
Marketplace at Hilltop Virginia Beach, Virginia100 %
Red Mill Commons Virginia Beach, Virginia100 %
Southgate Square Colonial Heights, Virginia100 %
Southshore Shops Chesterfield, Virginia100 %
 
Office
Town Center of Virginia Beach
4525 Main Street*Virginia Beach, Virginia100 %
Armada Hoffler Tower*Virginia Beach, Virginia100 %
One Columbus*Virginia Beach, Virginia100 %
Two Columbus*Virginia Beach, Virginia100 %
Harbor Point - Baltimore Waterfront
Constellation Office*
Baltimore, Maryland90 %
Thames Street Wharf*Baltimore, Maryland100 %
Wills Wharf*Baltimore, Maryland100 %
Southeast Sunbelt
One City Center*Durham, North Carolina100 %
The Interlock Office*Atlanta, Georgia100 %
Mid-Atlantic
Brooks Crossing Office*Newport News, Virginia100 %
Multifamily
Town Center of Virginia Beach
Encore Apartments*Virginia Beach, Virginia100 %
Premier Apartments*Virginia Beach, Virginia100 %
The Cosmopolitan*Virginia Beach, Virginia100 %
Harbor Point - Baltimore Waterfront
1305 Dock Street*Baltimore, Maryland90 %
1405 Point*Baltimore, Maryland100 %
Southeast Sunbelt
Chronicle Mill*Belmont, North Carolina85 %
(1)
Greenside ApartmentsCharlotte, North Carolina100 %
The Everly(2)*
Gainesville, Georgia100 %
Mid-Atlantic
The Edison*Richmond, Virginia100 %
Liberty Apartments*Newport News, Virginia100 %
Smith's LandingBlacksburg, Virginia100 %
________________________________________
* Located in a mixed-use development
(1) The Company is entitled to a preferred return on its investment in this property.
(2) Formerly known as Gainesville Apartments.
Schedule of Properties Under Development or Construction
As of December 31, 2023, the following properties were under development, redevelopment or not yet stabilized:
PropertySegmentLocationOwnership Interest
Southern PostMixed-useRoswell, Georgia100%
Columbus Village IIRetailVirginia Beach, Virginia100%