---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-110656"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2025-11-13T23:59:59+00:00"
generated_at: "2026-05-16T20:06:49.584358+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Elme completes $1.6B sale of 19 multifamily communities; initial liquidating distribution $14.50-$14.82/share

## Summary
- Sold 19 multifamily communities to Cortland affiliate for $1.606B cash; closed November 12, 2025.
- Plan of Sale and Liquidation approved; will sell 9 remaining assets and Watergate 600, aiming for completion by June 2026.
- Initial special liquidating distribution expected $14.50-$14.82/share, declared later this year, paid January 2026.
- Entered $520M senior secured term loan with Goldman Sachs, maturing Nov 2026 with one-year extension option, secured by 10 retained properties.
- Repaid and terminated existing credit facilities and redeemed $50M of 7.25% senior notes due 2028.

## SEC filing metadata
- accession: 0001104659-25-110656
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2025-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 5.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000110465925110656/0001104659-25-110656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000110465925110656/tm2530977d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-110656
- JSON: https://secwatch.observer/filing/0001104659-25-110656.json
- Plain text: https://secwatch.observer/filing/0001104659-25-110656.txt

## Source-grounded claims
- claim_id: 1d0570b20b67932b12034162ffc901804788b6de
  claim: Elme Communities incurred term loan of $520.0 million with Goldman Sach Bank USA at one-month term SOFR (subject to a term SOFR floor of 3.00%) plus the spread. The maturing November 9, 2026.
  evidence_excerpt: On November 12, 2025, certain indirect subsidiaries of the Company, as borrowers (collectively, the “Borrowers”), and Goldman Sach Bank USA, as lender (the “Lender”), entered into that certain Loan Agreement (the “Loan Agreement”) pursuant to which the Lender has made a senior secured term loan of $520.0 million (the “Term Loan”) to the Borrowers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000110465925110656/0001104659-25-110656-index.htm
- claim_id: 843e74016dd751f070f53177a82cd71311b6c07d
  claim: Elme Communities completed a disposition involving CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC for $1.606 billion in cash (closed 2025-11-12).
  evidence_excerpt: Parties are affiliates of Cortland Partners, LLC. Pursuant to the Purchase Agreement, Buyer acquired all of the equity interests of Echo Sub, for an aggregate purchase price of $1.606 billion in cash, subject to customary adjustments (the “Portfolio Sale Transaction”). hase Agreement, Buyer acquired all of the equity interests of Echo Sub, for an aggregate purchase
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000110465925110656/0001104659-25-110656-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.