---
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"
generated_at: "2026-05-16T18:41:50.324080+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Elme completes $1.606B sale of 19 properties to Cortland, repays debt, suspends dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-25-000138
- JSON: https://secwatch.observer/filing/0000104894-25-000138.json
- Plain text: https://secwatch.observer/filing/0000104894-25-000138.txt

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