Elme Communities CIO resigns; workforce down to 117 after multifamily sale

Elme Communities

Susan Gerock, SVP and CIO, resigned effective Nov 14, 2025; receives 24 months base salary continuation plus bonus and up to 18 months COBRA.
Workforce reduction ongoing: headcount ~117 (73 in community management) following sale of 19 multifamily assets to Cortland Partners.
Company is executing its plan of sale and liquidation, downsizing to retain only essential personnel for remaining assets and wind-down.

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