Elme updates liquidation: sold 5 properties, narrows distribution range to $16.74-$17.02/share

Elme Communities

Sold five properties in 2026 for ~$252.7M; entered into PSAs for four remaining totaling ~$431.3M gross proceeds.
Updates total liquidating distribution estimate to $16.74-$17.02/share (incl. initial $14.67 paid Jan 2026), down from prior $17.02-$17.47.
Remaining $288.5M Term Loan to be repaid with net proceeds from future property sales.
Targets completion of all remaining sales by mid-2026; NYSE delisting and dissolution targeted for Q3 2026.
Riverside Apartments PSA subject to inspection; closings for DC properties subject to TOPA regulatory requirements.

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