ELME

Elme Communities announced a plan of sale and liquidation in August 2025, including an agreement to sell a 19-property multifamily portfolio to Cortland Partners. The sale of the 19 multifamily communities to Cortland Partners was completed in November 2025, and an initial special liquidating distribution was declared. A significant special liquidating distribution of $14.67 per common share was paid to shareholders in January 2026. Elme Communities updated its liquidation activities, including agreements to sell three more properties in January 2026. The company updated its estimated total liquidating distributions to shareholders, revising the range to between $17.02 and $17.47 per common share, leading to a stock price drop. Elme Communities continues to market its remaining assets, with a target to complete all sales by mid-2026.