secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2026-07-24T20:16:01+00:00
Accession:  0000104894-26-000091
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000091/0000104894-26-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000091/elme-20260723.htm
  HTML page:      https://secwatch.observer/filing/0000104894-26-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer