secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2026-09-18T20:22:54+00:00
Accession:  0000104894-26-000112
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.02, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000112/0000104894-26-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489426000112/elme-20260914.htm
  HTML page:      https://secwatch.observer/filing/0000104894-26-000112

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