Elme Communities
elmecommunities.comWhat Do They Do?
Leases apartment homes to residents and office space to commercial tenants.
10-K for FY2025, filed Feb 27, 2026Elme Communities, a Maryland real estate investment trust, formerly known as Washington Real Estate Investment Trust (“Elme” or the…View ↗
The Company accrues all income that it expects to earn through the completion of its liquidation to the extent it has a reasonable basis…View ↗
We primarily lease residential properties under operating leases with terms of generally one year or less. Rental revenues are recognized…View ↗
How Do They Make Money?
Residents pay rent for apartment leases, generally one year or less; parking, move-in and pet charges are billed when due and earned monthly. The office property also generates rental income under in-place leases.
10-K for FY2025, filed Feb 27, 2026The Company accrues all income that it expects to earn through the completion of its liquidation to the extent it has a reasonable basis…View ↗
We primarily lease residential properties under operating leases with terms of generally one year or less. Rental revenues are recognized…View ↗
We also generate other property-related revenue associated with the leasing of apartment homes, including parking income, move-in charges…View ↗
$241.9M
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10-K for FY2025, filed Feb 27, 2026
$241.9M ↗
Who Are Their Customers?
Residents rent apartments in communities Elme manages; at its office property, Stream provides property management and leasing services.
10-K for FY2025, filed Feb 27, 2026All of our residential communities are under Elme management and Stream Realty Partners (“Stream”) provides property management and leasing…View ↗
We primarily lease residential properties under operating leases with terms of generally one year or less. Rental revenues are recognized…View ↗
The Company accrues all income that it expects to earn through the completion of its liquidation to the extent it has a reasonable basis…View ↗
Do Revenues Turn Into Profits?
No. It lost $13.1M in FY2024.
How Are They Changing?
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Aug 20, 2026
Riverside sale agreement cleared its inspection period
The agreement calls for closing by September 14, 2026, subject to closing conditions.
Sources
8-K, filed Aug 20, 2026
The Riverside Agreement provides for closing no later than September 14, 2026, subject to limited exceptions. We currently expect to close…View ↗
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Aug 14, 2026
Elme Bethesda sale completed
The sale closed for $58.0 million, subject to customary adjustments.
Sources
8-K, filed Aug 14, 2026
On August 11, 2026, Bethesda Seller completed the sale of Elme Bethesda to Tilden Bethesda Hill Apartments, LLC, for a purchase price of…View ↗
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Jul 24, 2026
Signed a new agreement to sell Riverside Apartments
The contract price is $250.0 million, with closing due no later than September 14, 2026, subject to conditions.
Sources
8-K, filed Jul 24, 2026
On July 23, 2026, Elme Riverside Apartments LLC (the “Riverside Seller”), a wholly-owned subsidiary of Elme Communities (the “Trust”)…View ↗
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Jun 24, 2026
Buyer terminated Riverside sale agreement
Elme restarted marketing the property after the buyer ended the deal during inspection.
Sources
8-K, filed Jun 24, 2026
On June 17, 2026, pursuant to the terms of the Riverside PSA, which had been amended to extend the inspection period from June 4, 2026 to…View ↗
Growing. Revenue grew 37% in 4 years, from $176M in FY2020 to $241.9M in FY2024, about 8% a year.
From property growth to liquidation
The older report described acquiring, developing and renovating apartment communities; the latest report centers on selling the properties, winding down and dissolving the company.
10-K for FY2022, filed Feb 17, 2023 10-K for FY2025, filed Feb 27, 2026We acquire, develop, and renovate apartment communities that align with our research-led investment strategy, which is focused on the…View ↗
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