secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001104659-25-110656
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 5.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000110465925110656/0001104659-25-110656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000110465925110656/tm2530977d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-110656

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