On March 16, 2022, Michael P. O'Hara informed Armada Hoffler Properties, Inc. (the Company) of his decision to retire from the Company, effective December 31, 2022, and to resign from his positions as Chief Financial Officer, Treasurer and Corporate Secretary, effective immediately. Mr. O'Hara's decision to retire at the end of 2022 and to resign his current positions is not the result of any disagreements with the Company with respect to its operations, policies or practices. As discussed further below, pursuant to a preexisting succession plan, Matthew Barnes-Smith, who had previously served as Executive Vice President of the Company, has been appointed Chief Financial Officer, Treasurer and Corporate Secretary of the Company.

Mr. O'Hara will remain with the Company through the end of 2022 in order to facilitate an orderly transition of his responsibilities to Mr. Barnes-Smith and focus his efforts on the Company's development projects in Baltimore, MD. On March 18, 2022, the Board of Directors (the “Board”) of the Company appointed Mr. Barnes-Smith to the positions of Chief Financial Officer, Treasurer and Corporate Secretary of the Company. Mr. Barnes-Smith also will serve as the Company's principal financial officer and principal accounting officer.

Matthew Barnes-Smith, age 36, joined the Company in September 2020 as the Company's Executive Vice President of Finance and assisted in overseeing the organization in the areas of financial planning, accounting, strategy and risk management. On March 22, 2022, the Company issued a release announcing the resignation of Mr. O'Hara and the appointment of Mr. Barnes-Smith.