Elme's $280M Riverside Apartments sale terminated; liquidating distribution estimates withdrawn

Elme Communities

Buyer of Riverside Apartments (1,222 units, Alexandria, VA) terminated PSA on June 17, 2026; earnest money refunded.
Company withdrawing previously disclosed estimated ranges of liquidating distributions due to uncertainty on Riverside sale timing and proceeds.
Three other properties (Elme Bethesda, The Kenmore, 3801 Connecticut Ave) under contract for $168M aggregate; sales subject to closing conditions.
Elme Watkins Mill sold June 10; net proceeds used to repay Term Loan; remaining Term Loan balance $251M as of June 24.
NYSE delisting and dissolution originally expected Q3 2026; now uncertain, may slip to Q4 2026.

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