{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-172118","form_type":"8-K","ticker":"ELME","cik":"0000104894","company_name":"Elme Communities","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.198919+00:00","generated_at":"2026-05-17T21:19:33.602585+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Elme Communities to sell 19 properties to Cortland for $1.605B; plans liquidation","bullets":["Purchase price of $1.605 billion in cash for 19 multifamily assets; expected close Q4 2025.","Upfront shareholder distribution estimated at $14.68–$15.00 per share; additional $2.90–$3.50 per share from remaining asset sales.","Shareholder vote required for both the portfolio sale and the Plan of Sale and Liquidation.","Termination fee: Elme pays $37.5M ($27.5M if superior proposal before Aug 31); buyer pays $100M.","Cortland's financing not a condition; Elme obtained $520M–$565M commitment from Goldman Sachs for post-sale assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-172118","json":"https://secwatch.observer/filing/0001193125-25-172118.json","markdown":"https://secwatch.observer/filing/0001193125-25-172118.md","text":"https://secwatch.observer/filing/0001193125-25-172118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/104894/000119312525172118/0001193125-25-172118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/104894/000119312525172118/d38155d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:19:33.602585+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}