Highest-materiality recent filing
Elme Communities: Riverside Apartments sale to FPA on track, closing expected Sept 14
Sale price $250M for 1,222-unit Riverside Apartments in Alexandria, VA.
Elme Communities sells Elme Bethesda for $58M, repays $52.4M Term Loan
Sold Elme Bethesda, 193-unit community in Bethesda, MD, for $58.0M to Tilden Bethesda Hill Apartments, LLC.
Sold six properties in 2026 for ~$294M gross proceeds; four remaining under contract for ~$418M aggregate.
Elme's $280M Riverside Apartments sale terminated; liquidating distribution estimates withdrawn
Buyer of Riverside Apartments (1,222 units, Alexandria, VA) terminated PSA on June 17, 2026; earnest money refunded.
Elme Communities agrees to sell 193-unit Bethesda property for $59.0M
Purchase and sale agreement with CAPREIT Acquisition Corporation for Elme Bethesda, a 193-unit community in Bethesda, MD.
Elme updates liquidation: sold 5 properties, narrows distribution range to $16.74-$17.02/share
Sold five properties in 2026 for ~$252.7M; entered into PSAs for four remaining totaling ~$431.3M gross proceeds.
Elme Communities updates liquidation: estimated additional dist. $2.90-$3.50/sh, CFO change
Directors Goitia and Sturzenegger will resign after 10-K filing, not due to disagreements.
Elme declares $14.67/sh special liquidating dividend; payable Jan 7, 2026
Special liquidating distribution of $14.67 per share approved by Board.
Elme completes $1.606B sale of 19 properties to Cortland, repays debt, suspends dividend
Sold 19 multifamily properties to Cortland for $1.606B cash; net cash proceeds of ~$1.574B after credits and transaction costs.
Elme Communities CIO resigns; workforce down to 117 after multifamily sale
Susan Gerock, SVP and CIO, resigned effective Nov 14, 2025; receives 24 months base salary continuation plus bonus and up to 18 months COBRA.
Sold 19 multifamily communities to Cortland affiliate for $1.606B cash; closed November 12, 2025.
Elme shareholders approve sale of 19 properties and liquidation plan
Shareholders approved sale of 19 multifamily properties to Cortland affiliate per Purchase Agreement dated August 1, 2025.
Elme reports Q3 net loss of $1.40/share; proceeds with $1.6B portfolio sale and liquidation plan
Net loss per diluted share $(1.40) vs $(0.03) in prior year; Core FFO $0.22 vs $0.23.
Elme Communities sells 19 multifamily properties for ~$1.6B; adopts plan of liquidation
Net loss per diluted share $(0.04) in Q2 2025, unchanged YoY; Core FFO per share $0.24 vs $0.23 YoY.
Elme Communities to sell 19 properties to Cortland for $1.605B; plans liquidation
Purchase price of $1.605 billion in cash for 19 multifamily assets; expected close Q4 2025.
All eight incumbent trustees reelected to one-year terms; each received over 70M votes for.
Elme Q1 net loss $(0.05)/share, Core FFO $0.24; reaffirms 2025 guidance
Net loss per diluted share $(0.05) vs $(0.04) prior year; Core FFO $0.24 vs $0.23.
Elme Communities adds board member, enters cooperation with ALM, opts out of MUTA
Appointed Ron D. Sturzenegger as independent trustee; Board now 8 members, 7 independent.
Elme reports Q4 net loss, initiates strategic review; 2025 Core FFO guidance $0.91-$0.97
Q4 net loss $3.0M ($0.03/diluted share); Core FFO $20.7M ($0.24/diluted share).
Elme Q3 net loss $3M, Core FFO $0.23; tightens FY guidance to $0.92-$0.94
Net loss of $3.0M ($0.03 diluted EPS); NAREIT FFO $20.5M ($0.23); Core FFO $20.7M ($0.23).
Elme Q2 2024 NAREIT FFO $0.23/share; tightens Core FFO guidance to $0.91-$0.95
Net loss $3.5M ($0.04 diluted); NAREIT FFO $20.4M ($0.23); Core FFO $20.5M ($0.23).
Elme Communities enters $500M revolver, replacing $700M facility and repaid term loan
New $500M unsecured revolver matures July 10, 2028; initial rate SOFR + 0.85% plus 0.10% adjustment, facility fee 0.20%.
All 7 trustee nominees re-elected; lowest support was 68.7M for Anthony L. Winns.
Elme Q1 net loss $3.6M; Core FFO $0.23/share; full-year guidance reaffirmed
Net loss of $3.6M ($0.04 diluted EPS); NAREIT FFO up 20% YoY to $21.3M ($0.24/share).
New ATM program under equity distribution agreement allows sale of up to $350M in common shares through multiple agents.
Elme Communities reports 2023 Core FFO $0.97/sh, up 10.2% YoY; guides 2024 Core FFO $0.90-$0.96
Full-year net loss $53.0M ($0.61/sh); NAREIT FFO $0.88/sh (+27.9% YoY); Core FFO $0.97/sh (+10.2%).
Core FFO $0.24/diluted share, up >4% YoY; same-store multifamily NOI +7.3%.
Elme amends bylaws: electronic meetings, proxy rules, exclusive forum, trustee age cap removed
Shareholders may attend meetings via electronic transmission; proxy solicitors must use non-white proxy cards.
Elme Communities appoints Susan Carras to its Board of Trustees
Board expanded from six to seven members; Carras is an independent trustee, effective Sept. 8, 2023.
Elme Q2 net loss $0.03/shr, Core FFO $0.24; lowers 2023 Core FFO guidance to $0.96-$1.00
Net loss $2.6M ($0.03/diluted); Core FFO $21.4M ($0.24/diluted) up 14% YoY.
Elme Communities appoints Tiffany Butcher as EVP & COO effective July 10, 2023
Annual base salary of $425,000; eligible for short-term (target 93% of salary) and long-term (target 190% of salary) incentive plans.
All six trustees elected: J. Banner (74.5M for), B. Butcher (74.4M), E. Goitia (74.3M), P. McDermott (72.4M), T. Nolan (73.9M), A. Winns (73.3M).
Elme Q1 Core FFO $0.24, up 20% YoY; tightens FY guidance to $0.96-$1.02
Core FFO of $0.24/diluted share, up 20% YoY; GAAP net loss $3.6M ($0.04/diluted).
Elme Communities reports Q4 Core FFO $0.24/share; same-store NOI up 11.6%; raises dividend 6%
Full-year 2022 Core FFO $0.88/diluted share; net loss $0.36/share; NOI $135.4M.
Elme Communities CFO Stephen Riffee to retire Feb 2023; Steven Freishtat to succeed
Stephen Riffee, EVP and CFO, to retire at end of February 2023; Steven Freishtat expected to succeed as CFO.
Net loss $10.7M ($0.12 diluted); Core FFO $20.5M ($0.23 diluted).
Name changed to Elme Communities; ticker symbol on NYSE to become 'ELME' effective Oct 20, 2022.
WashREIT provides 2023 guidance with Core FFO $0.96-$1.04, 14% growth, and strong leasing trends
2023 Core FFO guidance of $0.96 to $1.04 per share; midpoint implies 14% growth over 2022.
WashREIT Q2 net loss $8.9M; FY Core FFO guidance $0.86-$0.90 (lowered $0.02 midpoint)
Net loss $8.9M (-$0.10 diluted EPS); Core FFO $18.2M ($0.21 diluted EPS).
Washington REIT elects Jennifer Banner to board; annual meeting votes on directors, auditor
Shareholders elected Jennifer Banner as trustee with 71.76M votes for, 205k against.
WashREIT reports Q1 net loss $7.7M, Core FFO $0.20; guides FY Core FFO $0.87-$0.93
Net loss $7.7M ($0.09/diluted share); NAREIT FFO $14.5M ($0.17); Core FFO $0.20 per share.
Washington REIT General Counsel Taryn Fielder departs; severance of $121,154
Ms. Fielder resigned as SVP, General Counsel and Corporate Secretary, effective Feb 25, 2022.
WashREIT posts March 2022 investor presentation with transformation update
Company posted investor presentation on March 4, 2022 to ir.washreit.com.
Washington REIT SVP, General Counsel & Corporate Secretary Taryn Fielder resigns
Taryn D. Fielder and Washington REIT agreed to a mutual separation on Feb 25, 2022.
WashREIT reports Q4 net loss $0.08/diluted share; guides 2022 Core FFO $0.87-$0.93
Full-year 2021 Core FFO $1.06/diluted share; net income $16.4M.
WashREIT Q3 Core FFO $0.20; completes $934M in asset sales, redeems $300M notes
Net income $31.3M ($0.37 diluted); Core FFO $0.20 per share; NOI $27.1M.
Washington REIT enters $700M revolving credit facility, extends maturity to 2025
Second Amended and Restated Credit Agreement provides $700M revolving credit facility maturing August 26, 2025.
WashREIT Q2 net loss $7.0M; transforms to multifamily REIT with $766M office sale
Q2 net loss $7.0M ($0.08/share); Core FFO $30.1M ($0.35/share); same-store multifamily NOI down 2.0% YoY.
WashREIT completes $766M sale of 12 office assets; plans debt repayment and multifamily expansion
Sold 12 office properties for $766M to BPG Acquisitions, LLC on July 26, 2021.
On March 19, 2025, the Board of Trustees (the “Board”) of Elme Communities (“Elme”) increased the size of the Board from seven to eight trustees and appointed Ron D. Sturzenegger, an additional independent trustee, to serve as a member of the Board until Elme’s 2025 annual meeting of shareholders
appointed Susan Carras to serve as a member of the Board until the 2024 annual meeting of shareholders
On June 28, 2023, Elme Communities (“Elme” or the “Trust”) announced the appointment of Tiffany M. Butcher as Executive Vice President and Chief Operating Officer, effective as of July 10, 2023.
Stephen E. Riffee, Elme Communities’ (“Elme”) Executive Vice President and Chief Financial Officer, provided notice to Elme of his intention to retire, effective at the end of February 2023.
Steven Freishtat is expected to succeed Mr. Riffee as Chief Financial Officer following Mr. Riffee’s retirement.
As previously announced, on February 25, 2022, Taryn D. Fielder and Washington Real Estate Investment Trust (the “Company”) agreed to a mutual separation, pursuant to which Ms. Fielder tendered her resignation as Senior Vice President, General Counsel and Corporate Secretary of the Company.
On February 25, 2022, Taryn D. Fielder and Washington Real Estate Investment Trust (the “Company”) agreed to a mutual separation, pursuant to which Ms. Fielder tendered her resignation as Senior Vice President, General Counsel and Corporate Secretary of the Company.
Max materiality 1.00 · Median 0.65 · Most common event other_material