---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-21-000071"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2021-07-27T23:59:59+00:00"
generated_at: "2026-06-30T02:02:56.604193+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WashREIT completes $766M sale of 12 office assets; plans debt repayment and multifamily expansion

## Summary
- Sold 12 office properties for $766M to BPG Acquisitions, LLC on July 26, 2021.
- Proceeds to redeem $300M senior notes due 2022 and repay $150M term loan, plus terminate interest rate swaps.
- Expects to sell 8 retail assets for $168.3M in August 2021; pro forma shows shift to multifamily.
- CEO Paul McDermott cites a 'significant milestone' in strategic transformation to a multifamily REIT.
- WashREIT now owns ~7,059 apartment units and 1M sq ft commercial space; enterprise value ~$3B.

## SEC filing metadata
- accession: 0000104894-21-000071
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2021-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489421000071/0000104894-21-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489421000071/wre-20210726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-21-000071
- JSON: https://secwatch.observer/filing/0000104894-21-000071.json
- Plain text: https://secwatch.observer/filing/0000104894-21-000071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.