Elme Communities entered into Bethesda Agreement with CAPREIT Acquisition Corporation valued at $59.0 million (effective 2026-05-27).
“On May 27, 2026, Elme Bethesda Owner LLC (the “Bethesda Seller”), a wholly-owned subsidiary of Elme Communities (the “Company”), entered into a purchase and sale agreement (the “Bethesda Agreement”) with CAPREIT Acquisition Corporation (the “Buyer”) for the sale of Elme Bethesda, a 193-unit community located in Bethesda, Maryland, for a contract sale price of $59.0 million, subject to customary prorations and adjustments (the “Bethesda Sale”).”
Debt Financings
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.
“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.”
M&A Transactions
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).
“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”
Ron D. Sturzenegger was appointed as Trustee at Elme Communities.
“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”
Earnings Releases
Elme Communities reported the quarter ended March 31, 2024 results: net income Net loss was $3.6 million, or $0.04 per diluted share, EPS $0.04 per diluted share. Guidance reaffirmed.
“Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended March 31, 2024: Financial Results • Net loss was $3.6 million, or $0.04 per diluted share”
Earnings Releases
Elme Communities reported the twelve months ended December 31, 2023 results: net income $53.0 million, EPS $0.61 per diluted share.
“Net loss was $53.0 million, or $0.61 per diluted share”
Earnings Releases
Elme Communities reported the quarter ended December 31, 2023 results: net income $3.1 million, EPS $0.04 per diluted share.
“Net loss was $3.1 million, or $0.04 per diluted share”
Earnings Releases
Elme Communities reported 2023 results: EPS $0.97 to $0.99 per fully diluted share. Guidance reaffirmed.
“Management is tightening the range of its 2023 Core FFO guidance and maintaining its midpoint at $0.98 per fully diluted share. Core FFO for 2023 is now expected to range from $0.97 to $0.99 per fully diluted share.”
Earnings Releases
Elme Communities reported the quarter ended September 30, 2023 results: net income Net loss was $43.6 million, or $0.50 per diluted share. Guidance reaffirmed.
“Elme Communities Announces Third Quarter 2023 Results”
Governance Changes
Elme Communities: Amended bylaws to update shareholder meeting participation, proxy card color, universal proxy rules, notice requirements, remove trustee age 72 restriction, and add exclusive forum provisions (effective 2023-09-19).
“On September 19, 2023, the Board of Trustees ( the “Board”) of Elme Communities (the “Trust”) amended the Trust’s amended and restated bylaws, as amended (the “Bylaws”), effective immediately”
Susan Carras was appointed as trustee at Elme Communities.
“appointed Susan Carras to serve as a member of the Board until the 2024 annual meeting of shareholders”
Earnings Releases
Elme Communities reported quarter ended June 30, 2023 results: net income Net loss was $2.6 million, or $0.03 per diluted share, EPS $0.03 per diluted share. Guidance lowered.
“Elme Communities (the "Company") (NYSE: ELME), a multifamily REIT with communities in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended June 30, 2023: Financial Results • Net loss was $2.6 million, or $0.03 per diluted share • NAREIT FFO was $18.8 million, or $0.21 per diluted share • Core FFO was $21.4 million, or $0.24 per diluted share, up 14% from the prior year period driven by rental rate growth • Net Operating Income (NOI) was $36.3 million, up 11% from the prior year period driven by rental rate growth”
Tiffany M. Butcher was appointed as Executive Vice President and Chief Operating Officer at Elme Communities.
“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.”
Shareholder Votes
Elme Communities shareholders approved Ratification of Ernst & Young as Elme's Independent Registered Public Accounting Firm at the 2023-05-25 meeting.
“Ratification of Ernst & Young as Elme's Independent Registered Public Accounting Firm Elme's shareholders ratified the appointment of Ernst & Young LLP as Elme's independent registered public accounting firm for the fiscal year ending December 31, 2023. This proposal received the following votes: For Against Abstain Broker Non-Votes 79,081,977 1,488,966 125,016 —”
Shareholder Votes
Elme Communities shareholders approved Advisory Vote on Frequency of Advisory Vote on Named Executive Officer Compensation at the 2023-05-25 meeting.
“Advisory Vote on Frequency of Advisory Vote on Named Executive Officer Compensation Elme's shareholders approved, by nonbinding advisory vote, the holding of the advisory vote on named executive officers compensation every one year. This proposal received the following votes: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 72,353,419 110,881 2,551,116 96,057 5,584,486”
Shareholder Votes
Elme Communities shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2023-05-25 meeting.
“Advisory Vote to Approve Named Executive Officer Compensation Elme's shareholders approved, by nonbinding advisory vote, the compensation paid to Elme's named executive officers. This proposal received the following votes: For Against Abstain Broker Non-Votes 70,872,708 4,056,204 182,561 5,584,486”
Shareholder Votes
Elme Communities shareholders approved Election of Directors at the 2023-05-25 meeting.
“Election of Directors At Elme Communities' ("Elme") 2023 annual meeting of shareholders held on May 25, 2023 (the "annual meeting"), Elme's shareholders elected Jennifer S. Banner as a trustee of the Board of Trustees (the "Board") to serve until Elme's 2024 annual meeting of shareholders and until her successor is elected and qualifies. Ms. Banner received the following votes: For Against Abstain Broker Non-Votes 74,513,611 538,677 59,185 5,584,486”
Earnings Releases
Elme Communities reported the quarter ended March 31, 2023 results: net income Net loss was $3.6 million, or $0.04 per diluted share. Guidance reaffirmed.
“Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter ended March 31, 2023: Financial Results • Net loss was $3.6 million, or $0.04 per diluted share”
Earnings Releases
Elme Communities updated its quarter and year ended December 31, 2022 guidance (reaffirmed).
“Elme Communities (the "Company") (NYSE: ELME), a multifamily REIT with properties in the Washington DC metro area and the Sunbelt, reported financial and operating results today for the quarter and year ended December 31, 2022”
Steven Freishtat was appointed as Chief Financial Officer at Elme Communities.
“Steven Freishtat is expected to succeed Mr. Riffee as Chief Financial Officer following Mr. Riffee’s retirement.”
Stephen E. Riffee departed as Executive Vice President and Chief Financial Officer at Elme Communities.
“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.”
Earnings Releases
Elme Communities reported the quarter ended September 30, 2022 results: net income $10.7 million, EPS $0.12 per diluted share. Guidance reaffirmed.
“Elme Communities (the “Company”) (NYSE: ELME), a multifamily REIT with properties in the Washington metro area and the Sunbelt, reported financial and operating results today for the quarter ended September 30, 2022: Financial Results • Net loss was $10.7 million, or $0.12 per diluted share • NAREIT FFO was $12.9 million, or $0.15 per diluted share • Core FFO was $20.5 million, or $0.23 per diluted share • Net Operating Income (NOI) was $35.0 million”
Taryn D. Fielder resigned as Senior Vice President, General Counsel and Corporate Secretary at Elme Communities.
“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.”
Taryn D. Fielder resigned as Senior Vice President, General Counsel and Corporate Secretary at Elme Communities.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.