| Schedule of Operating Portfolio |
As of June 30, 2026, the Company's stabilized operating portfolio(1) consisted of the following properties: | | | | | | | | | | | | | | | | | | | | Property | | | | Location | | Ownership Interest | | Retail | | | | | | | | | Town Center of Virginia Beach | | | | | | | | | 249 Central Park Retail* | | | | Virginia Beach, Virginia | | 100 | % | | 4525 Main Street Retail* | | | | Virginia Beach, Virginia | | 100 | % | | 4621 Columbus Retail* | | | | Virginia Beach, Virginia | | 100 | % | | | Columbus Village* | | | | Virginia Beach, Virginia | | 100 | % | | | Commerce Street Retail* | | | | Virginia Beach, Virginia | | 100 | % | | | Fountain Plaza Retail* | | | | Virginia Beach, Virginia | | 100 | % | | | Pembroke Square* | | | | Virginia Beach, Virginia | | 100 | % | | | Premier Retail* | | | | Virginia Beach, Virginia | | 100 | % | | | South Retail* | | | | Virginia Beach, Virginia | | 100 | % | | | Studio 56 Retail* | | | | Virginia Beach, Virginia | | 100 | % | | The Cosmopolitan Retail* | | | | Virginia Beach, Virginia | | 100 | % | | Two Columbus Retail* | | | | Virginia Beach, Virginia | | 100 | % | | West Retail* | | | | Virginia Beach, Virginia | | 100 | % | | | Harbor Point - Baltimore Waterfront | | | | | | | | Constellation Retail* | | | | Baltimore, Maryland | | 90 | % | | | | | | | | | | | Grocery Anchored | | | | | | | | | Broad Creek Shopping Center | | | | Norfolk, Virginia | | 100 | % | | | Broadmoor Plaza | | | | South Bend, Indiana | | 100 | % | | | Brooks Crossing Retail | | | | Newport News, Virginia | | 65 | % | (2) | | Delray Beach Plaza | | | | Delray Beach, Florida | | 100 | % | | | Greenbrier Square | | | | Chesapeake, Virginia | | 100 | % | | | Greentree Shopping Center | | | | Chesapeake, Virginia | | 100 | % | |
| | | | | | | | | | | | | | | | | | | | | Hanbury Village | | | | Chesapeake, Virginia | | 100 | % | | | Lexington Square | | | | Lexington, South Carolina | | 100 | % | | | North Pointe Center | | | | Durham, North Carolina | | 100 | % | | | Parkway Centre | | | | Moultrie, Georgia | | 100 | % | | | Parkway Marketplace | | | | Virginia Beach, Virginia | | 100 | % | | | Perry Hall Marketplace | | | | Perry Hall, Maryland | | 100 | % | | | Sandbridge Commons | | | | Virginia Beach, Virginia | | 100 | % | | | Tyre Neck Harris Teeter | | | | Portsmouth, Virginia | | 100 | % | | | Southeast Sunbelt | | | | | | | | | | | | | | | | | North Hampton Market | | | | Taylors, South Carolina | | 100 | % | | One City Center Retail* | | | | Durham, North Carolina | | 100 | % | | | Overlook Village | | | | Asheville, North Carolina | | 100 | % | | | Patterson Place | | | | Durham, North Carolina | | 100 | % | | | Providence Plaza Retail | | | | Charlotte, North Carolina | | 100 | % | | | South Square | | | | Durham, North Carolina | | 100 | % | | | The Interlock Retail* | | | | Atlanta, Georgia | | 100 | % | | | Wendover Village | | | | Greensboro, North Carolina | | 100 | % | | | Mid-Atlantic | | | | | | | | | Dimmock Square | | | | Colonial Heights, Virginia | | 100 | % | | | Harrisonburg Regal | | | | Harrisonburg, Virginia | | 100 | % | | | | | | | | | | | Marketplace at Hilltop | | | | Virginia Beach, Virginia | | 100 | % | | | Red Mill Commons | | | | Virginia Beach, Virginia | | 100 | % | | | Southgate Square | | | | Colonial Heights, Virginia | | 100 | % | | | Southshore Shops | | | | Chesterfield, Virginia | | 100 | % | | | | | | | | | | | | | | | | | | | Office | | | | | | | | | Town Center of Virginia Beach | | | | | | | | 222 Central Park Office*(3) | | | | Virginia Beach, Virginia | | 100 | % | | 249 Central Park Office* | | | | Virginia Beach, Virginia | | 100 | % | | | 4525 Main Street Office* | | | | Virginia Beach, Virginia | | 100 | % | | 4605 Columbus Office* | | | | Virginia Beach, Virginia | | 100 | % | | | One Columbus* | | | | Virginia Beach, Virginia | | 100 | % | | | Two Columbus Office* | | | | Virginia Beach, Virginia | | 100 | % | | | Harbor Point - Baltimore Waterfront | | | | | | | | | Constellation Office* | | | | Baltimore, Maryland | | 90 | % | | | Thames Street Wharf* | | | | Baltimore, Maryland | | 100 | % | | | Wills Wharf* | | | | Baltimore, Maryland | | 100 | % | | | Southeast Sunbelt | | | | | | | | | | | | | | | | One City Center Office* | | | | Durham, North Carolina | | 100 | % | | Providence Plaza Office | | | | Charlotte, North Carolina | | 100 | % | | | The Interlock Office* | | | | Atlanta, Georgia | | 100 | % | | | Mid-Atlantic | | | | | | | | Brooks Crossing Office | | | | Newport News, Virginia | | 100 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
________________________________________ *Represents a property located within a mixed-use community. (1) The Company generally considers a property to be stabilized upon the earlier of (a) the quarter after the property reaches 80% physical occupancy, or (b) the thirteenth quarter after the property receives its certificate of occupancy. A property classified as discontinued operations or held for sale is not considered stabilized. (2) The Company is entitled to a preferred return on its investment in this property. (3) Formerly known as Armada Hoffler Tower.
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| Schedule of Properties Under Development or Construction |
As of June 30, 2026, the following properties were under development or delivered, not yet stabilized: | | | | | | | | | | | | | | | | | | | | | | | | Development, Not Stabilized | | Segment | | Location | | Ownership | | Southern Post Retail* | | Retail | | Roswell, Georgia | | 100% | | Southern Post Office* | | Office | | Roswell, Georgia | | 100% | | | | | | | | | | | | | | | | | |
________________________________________ *Represents a property located within a mixed-use community.
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