Elme Communities: Riverside Apartments sale to FPA on track, closing expected Sept 14

Elme Communities

Sale price $250M for 1,222-unit Riverside Apartments in Alexandria, VA.
Inspection period expired Aug 20, 2026; $4M earnest money deposit now nonrefundable.
Closing expected Sept 14, 2026, subject to conditions precedent.
Part of Elme's plan of sale and liquidation; buyer FPA Multifamily LLC.

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