secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2026-08-14T20:16:59+00:00
Accession:  0000104894-26-000107
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elme Communities sells Elme Bethesda for $58M, repays $52.4M Term Loan
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- Sold Elme Bethesda, 193-unit community in Bethesda, MD, for $58.0M to Tilden Bethesda Hill Apartments, LLC.
- Net proceeds $55.2M after adjustments; $52.4M used to repay Secured Term Loan, leaving $2.76M cash.
- Pro forma net assets in liquidation unchanged at $167.7M as of June 30, 2026.
- Seventh property sold since Nov 2025; prior six sold for ~$294M aggregate gross proceeds.
- Company in liquidation mode; all remaining properties expected to be sold under Plan of Sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000107/0000104894-26-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000107/elme-20260811.htm
  HTML page:      https://secwatch.observer/filing/0000104894-26-000107

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