Elme completes $250M sale of Riverside Apartments, repays $198.6M Term Loan

Elme Communities

Sold 1,222-unit Riverside Apartments in Alexandria, VA to FPA Multifamily, LLC for $250.0M on Sept 14, 2026.
Used proceeds to repay in full remaining ~$198.6M senior secured Term Loan from Goldman Sachs Bank USA, terminating loan agreement.
Pro forma shows $44.1M net cash proceeds from Riverside; Bethesda sale previously repaid $52.4M of same loan.
Remaining properties 3801 Connecticut Avenue and The Kenmore expected to close late Sept/early Oct 2026 at $55M each.
Company in liquidation; net assets in liquidation at June 30, 2026 pro forma $167.7M after all four dispositions.

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