---
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"
generated_at: "2026-05-17T21:19:33.602585+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Elme Communities to sell 19 properties to Cortland for $1.605B; plans liquidation

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-172118
- JSON: https://secwatch.observer/filing/0001193125-25-172118.json
- Plain text: https://secwatch.observer/filing/0001193125-25-172118.txt

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