{"schema_version":"secwatch.filing_event.v1","accession":"0000104894-25-000138","form_type":"8-K/A","ticker":"ELME","cik":"0000104894","company_name":"Elme Communities","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.656906+00:00","generated_at":"2026-05-16T18:41:50.324080+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Elme completes $1.606B sale of 19 properties to Cortland, repays debt, suspends dividend","bullets":["Sold 19 multifamily properties to Cortland for $1.606B cash; net cash proceeds of ~$1.574B after credits and transaction costs.","Repaid all existing debt including $186M revolver; total prepayment of $739.5M; recorded $45.5M loss on extinguishment.","Originated $520M new term loan at SOFR+2.25% secured by remaining 10 properties; net new debt proceeds ~$490.6M.","Suspended regular quarterly dividend; shareholders approved a Plan of Sale and Liquidation on October 30, 2025.","Pro forma net loss of $204.9M for nine months ended Sep 30, 2025; $91.4M loss for FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000104894-25-000138","json":"https://secwatch.observer/filing/0000104894-25-000138.json","markdown":"https://secwatch.observer/filing/0000104894-25-000138.md","text":"https://secwatch.observer/filing/0000104894-25-000138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/104894/000010489425000138/0000104894-25-000138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/104894/000010489425000138/elme-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:41:50.324080+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}