SEC Company Response from AH Realty Trust, Inc. (AHRT, AHRT-PA) (CIK 0001569187) (AHRT) — May 3, 2013
AH Realty Trust, Inc. (AHRT, AHRT-PA) (CIK 0001569187)
Date: May 3, 2013 · CIK: 0001569187 · Accession: 0001193125-13-197911
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-187513
Referenced dates: May 2, 2013
Letter
VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance RE: Armada Hoffler Properties, Inc. Amendment No. 2 to Registration Statement on Form S-11 Filed April 25, 2013 File No. 333-187513
Dear Mr. Kluck:
As counsel to Armada Hoffler Properties, Inc., a Maryland corporation (the “Company”), we are transmitting for filing pursuant to the Securities Act of 1933, as amended (the “Securities Act”), Pre-Effective Amendment No. 4 (“Amendment No. 4”) to the Company’s Registration Statement on Form S-11 (File No. 333-187513) (the “Registration Statement”), together with certain exhibits, and the Company’s responses to the comments of the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) contained in your letter dated May 2, 2013.
For convenience of reference, the Staff comments contained in your May 2, 2013 comment letter are reprinted below in italics, numbered to correspond with the paragraph numbers assigned in your letter, and are followed by the corresponding responses of the Company.
We have provided to each of you, Mr. Michael McTiernan, Ms. Shannon Sobotka, Mr. Robert Telewicz and Ms. Folake Ayoola a courtesy copy of this letter and two courtesy copies of the Amendment No. 4 filed by the Company on the date hereof, one copy of which has been marked to reflect changes made to Amendment No. 2 to the Registration Statement filed with the Commission on April 26, 2013. The changes reflected in Amendment No. 4 have been made in response to the Staff’s comment and for the purpose of updating and revising certain
Mr. Tom Kluck
May 3, 2013
Page
information in the Registration Statement. All page references in responses are to pages of the blacklined version of the Registration Statement. Capitalized terms used and not otherwise defined in this response letter that are defined in the Registration Statement have the meanings set forth in the Registration Statement.
Distribution Policy, page 62
1. Please revise your disclosure to describe your estimated general contracting and real estate segment profit as a forecast.
RESPONSE: The Company has revised the disclosure on page 62 in response to the Staff’s comment.
Financial Statements
Unaudited Pro Forma Consolidated Financial Statements
Pro Forma Consolidated Income Statement
Note (FF), page F-8
2. Please enhance your disclosure to more thoroughly describe all the adjustments made for additional general and administrative expenses. In your revised disclosure please include a table summarizing each adjustment made which reconciles to the total amount included on the face of the pro forma consolidated income statement.
RESPONSE: The Company has revised the disclosure on pages F-8 and F-9 in response to the Staff’s comment. The Company’s revised disclosure describes the following additional general and administrative expenses that it expects to incur as a result of becoming a public company: (1) cash compensation associated with the Company’s board of directors, (2) compensation for the Company’s recently-hired accounting staff and (3) fees to the Company’s investor relations firm. The Company has determined that these amounts are factually supportable based on the following reliable evidence: (1) compensation arrangements with the Company’s director and director nominees, (2) salaries and benefits of the accounting staff that the Company has already hired in anticipation of completion of the Offering and (3) fees for investor relations services set forth in the contract for such services between the Company and its investor relations firm.
Mr. Tom Kluck
May 3, 2013
Page
As previously discussed with the Staff, the Company intends to request effectiveness of the Registration Statement on Tuesday, May 7, 2013 and would very much appreciate receiving any additional comment the Staff may have on the Registration Statement in time to maintain that schedule. We will coordinate with the Staff the submission of the formal acceleration request.
If you have any questions or comments regarding the foregoing, or have additional questions or comments, please contact the undersigned at 804-788-8638.
Very truly
yours,
/s/ David C. Wright
Show Raw Text
CORRESP 1 filename1.htm SEC LETTER ` HUNTON & WILLIAMS LLP RIVERFRONT PLAZA, EAST TOWER 951 EAST BYRD STREET RICHMOND, VIRGINIA 23219-4074 TEL 804 • 788 • 8200 FAX 804 • 788 • 8218 May 3, 2013 VIA EDGAR Mr. Tom Kluck United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 RE: Armada Hoffler Properties, Inc. Amendment No. 2 to Registration Statement on Form S-11 Filed April 25, 2013 File No. 333-187513 Dear Mr. Kluck: As counsel to Armada Hoffler Properties, Inc., a Maryland corporation (the “Company”), we are transmitting for filing pursuant to the Securities Act of 1933, as amended (the “Securities Act”), Pre-Effective Amendment No. 4 (“Amendment No. 4”) to the Company’s Registration Statement on Form S-11 (File No. 333-187513) (the “Registration Statement”), together with certain exhibits, and the Company’s responses to the comments of the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) contained in your letter dated May 2, 2013. For convenience of reference, the Staff comments contained in your May 2, 2013 comment letter are reprinted below in italics, numbered to correspond with the paragraph numbers assigned in your letter, and are followed by the corresponding responses of the Company. We have provided to each of you, Mr. Michael McTiernan, Ms. Shannon Sobotka, Mr. Robert Telewicz and Ms. Folake Ayoola a courtesy copy of this letter and two courtesy copies of the Amendment No. 4 filed by the Company on the date hereof, one copy of which has been marked to reflect changes made to Amendment No. 2 to the Registration Statement filed with the Commission on April 26, 2013. The changes reflected in Amendment No. 4 have been made in response to the Staff’s comment and for the purpose of updating and revising certain Mr. Tom Kluck May 3, 2013 Page 2 information in the Registration Statement. All page references in responses are to pages of the blacklined version of the Registration Statement. Capitalized terms used and not otherwise defined in this response letter that are defined in the Registration Statement have the meanings set forth in the Registration Statement. Distribution Policy, page 62 1. Please revise your disclosure to describe your estimated general contracting and real estate segment profit as a forecast. RESPONSE: The Company has revised the disclosure on page 62 in response to the Staff’s comment. Financial Statements Unaudited Pro Forma Consolidated Financial Statements Pro Forma Consolidated Income Statement Note (FF), page F-8 2. Please enhance your disclosure to more thoroughly describe all the adjustments made for additional general and administrative expenses. In your revised disclosure please include a table summarizing each adjustment made which reconciles to the total amount included on the face of the pro forma consolidated income statement. RESPONSE: The Company has revised the disclosure on pages F-8 and F-9 in response to the Staff’s comment. The Company’s revised disclosure describes the following additional general and administrative expenses that it expects to incur as a result of becoming a public company: (1) cash compensation associated with the Company’s board of directors, (2) compensation for the Company’s recently-hired accounting staff and (3) fees to the Company’s investor relations firm. The Company has determined that these amounts are factually supportable based on the following reliable evidence: (1) compensation arrangements with the Company’s director and director nominees, (2) salaries and benefits of the accounting staff that the Company has already hired in anticipation of completion of the Offering and (3) fees for investor relations services set forth in the contract for such services between the Company and its investor relations firm. Mr. Tom Kluck May 3, 2013 Page 3 As previously discussed with the Staff, the Company intends to request effectiveness of the Registration Statement on Tuesday, May 7, 2013 and would very much appreciate receiving any additional comment the Staff may have on the Registration Statement in time to maintain that schedule. We will coordinate with the Staff the submission of the formal acceleration request. If you have any questions or comments regarding the foregoing, or have additional questions or comments, please contact the undersigned at 804-788-8638. Very truly yours, /s/ David C. Wright David C. Wright cc: Louis S. Haddad Michael P. O’Hara Eric L. Smith S. Gregory Cope, Esq. John A. Good, Esq. Justin R. Salon, Esq.