secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2026-06-24T20:07:09+00:00
Accession:  0000104894-26-000086
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Elme's $280M Riverside Apartments sale terminated; liquidating distribution estimates withdrawn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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000086/0000104894-26-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000086/elme-20260617.htm
  HTML page:      https://secwatch.observer/filing/0000104894-26-000086

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