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Business and Organization (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Operating Portfolio
As of March 31, 2024, 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 %
4525 Main Street Retail* (1)
Virginia Beach, Virginia100 %
4621 Columbus Retail* (2)
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 %
The Cosmopolitan Retail* (3)
Virginia Beach, Virginia100 %
Two Columbus Retail* (1)
Virginia Beach, Virginia100 %
West Retail* (1)
Virginia Beach, Virginia100 %
Grocery Anchored
Broad Creek Shopping CenterNorfolk, Virginia100 %
Broadmoor PlazaSouth Bend, Indiana100 %
Brooks Crossing Retail*Newport News, Virginia65 %
(4)
Delray Beach Plaza*Delray Beach, Florida100 %
Greenbrier SquareChesapeake, Virginia100 %
Greentree Shopping CenterChesapeake, Virginia100 %
Hanbury VillageChesapeake, Virginia100 %
Lexington SquareLexington, South Carolina100 %
Market at Mill CreekMount Pleasant, South Carolina100 %
North Pointe CenterDurham, North Carolina100 %
Parkway CentreMoultrie, Georgia100 %
Parkway MarketplaceVirginia Beach, Virginia100 %
Perry Hall MarketplacePerry Hall, Maryland100 %
Sandbridge CommonsVirginia Beach, Virginia100 %
Tyre Neck Harris TeeterPortsmouth, Virginia100 %
Harbor Point - Baltimore Waterfront
Constellation Retail* (1)
Baltimore, Maryland90 %
Point Street Retail* (3)
Baltimore, Maryland100 %
Southeast Sunbelt
Chronicle Mill Retail* (3)
Belmont, North Carolina85 %
(4)
Nexton Square*Summerville, South Carolina100 %
North Hampton MarketTaylors, South Carolina100 %
One City Center Retail* (1)
Durham, North Carolina100 %
Overlook VillageAsheville, North Carolina100 %
Patterson PlaceDurham, North Carolina100 %
Providence Plaza Retail*Charlotte, North Carolina100 %
South SquareDurham, North Carolina100 %
The Interlock Retail*Atlanta, Georgia100 %
Wendover VillageGreensboro, North Carolina100 %
Mid-Atlantic
Dimmock SquareColonial Heights, Virginia100 %
Harrisonburg RegalHarrisonburg, Virginia100 %
Liberty Retail* (3)
Newport News, Virginia100 %
Marketplace at HilltopVirginia Beach, Virginia100 %
Red Mill CommonsVirginia Beach, Virginia100 %
Southgate SquareColonial Heights, Virginia100 %
Southshore ShopsChesterfield, Virginia100 %
The Edison Retail* (3)
Richmond, Virginia100 %
Office
Town Center of Virginia Beach
249 Central Park Office* (5)
Virginia Beach, Virginia100 %
4525 Main Street*Virginia Beach, Virginia100 %
4605 Columbus Office* (5)
Virginia Beach, Virginia100 %
Armada Hoffler Tower*Virginia Beach, Virginia100 %
One Columbus*Virginia Beach, Virginia100 %
Two Columbus Office*Virginia Beach, Virginia100 %
Harbor Point - Baltimore Waterfront
Constellation Office*Baltimore, Maryland90 %
Thames Street Wharf*Baltimore, Maryland100 %
Wills Wharf*Baltimore, Maryland100 %
Southeast Sunbelt
Chronicle Mill Office* (3)
Belmont, North Carolina85 %
(4)
One City Center Office*Durham, North Carolina100 %
Providence Plaza Office* (5)
Charlotte, North Carolina100 %
The Interlock Office*Atlanta, Georgia100 %
Mid-Atlantic
Brooks Crossing Office* (5)
Newport News, Virginia65 %
(4)
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 %
(4)
Greenside ApartmentsCharlotte, North Carolina100 %
The Everly*
Gainesville, Georgia100 %
Mid-Atlantic
The Edison*Richmond, Virginia100 %
Liberty Apartments*Newport News, Virginia100 %
Smith's LandingBlacksburg, Virginia100 %
________________________________________
*Located in a mixed-use development.
(1) Formerly reported in the office real estate segment. Refer to Note 3 for further information.
(2) Formerly known as Apex Entertainment.
(3) Formerly reported in the multifamily real estate segment. Refer to Note 3 for further information.
(4) We are entitled to a preferred return on our investment in this property.
(5) Formerly reported in the retail real estate segment. Refer to Note 3 for further information.
Schedule of Properties Under Development or Construction
As of March 31, 2024, the following properties were under development or redevelopment: 
Development, Not Delivered SegmentLocationOwnership Interest
Southern PostMixed-useRoswell, Georgia100 %
Redevelopment
Segment
Location
Ownership Interest
Columbus Village IIRetailVirginia Beach, VA100 %