Elme Communities liquidation update: six sold, four under contract; total estimated distributions $16.41-$16.61/share

Elme Communities

Sold six properties in 2026 for ~$294M gross proceeds; four remaining under contract for ~$418M aggregate.
New purchase agreement for Riverside Apartments (1,222 units, Alexandria, VA) at $250M; closing by Sept 14, 2026.
Updated total estimated liquidating distributions $16.41-$16.61 per share (incl. $14.67 initial distribution paid Jan 2026).
Elme Bethesda closing by Aug 11, 2026; DC properties subject to TOPA process expected by end of 2026.
Targets completion of all sales in Q3/Q4 2026, delisting and dissolution in Q4 2026.

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