Elme Communities Completes Sale of 19 Multifamily Communities for $1.6 Billion
Elme Communities (ELME)
Company Research
Source: GlobeNewswire
BETHESDA, Md., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Elme Communities (“Elme” or the “Company”) (NYSE: ELME) today completed its previously announced sale of 19 multifamily communities (“the portfolio sale”) to an affiliate of Cortland Partners, LLC (“Cortland”) for $1.6 billion in cash, subject to certain customary adjustments and prorations. The completion of the portfolio sale follows the satisfaction of all conditions to closing, including receipt of approval of the portfolio sale by Elme shareholders at the October 30, 2025 special meeting. The portfolio sale marks the first step effecting the Company’s Plan of Sale and Liquidation, which was approved by the Company’s shareholders at the special meeting. The Plan of Sale and Liquidation contemplates the sale or disposition of all of the Company’s assets, including the Company’s nine remaining multifamily assets and Watergate 600, and the voluntary wind-down and dissolution of the Company’s business and affairs. The Company also a
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ELME
News
- Elme Communities (NYSE:ELME) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Elme Communities (NYSE:ELME) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Elme Communities Declares Initial Special Liquidating DistributionGlobeNewswire
- Elme Communities (NYSE:ELME) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Elme Communities Announces Third Quarter 2025 ResultsGlobeNewswire
ELME
Earnings
- 10/23/25 - Miss
ELME
Analyst Actions
- 10/21/25 - JP Morgan
ELME
Sec Filings
- 11/26/25 - Form 8-K
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- ELME's page on the SEC website