Elme Communities (ELME) is a Maryland real estate investment trust that owned and operated multifamily residential apartment communities. Revenue came from residential rental income across its apartment portfolio concentrated in the Washington, D.C. metro area and select Southeast markets. As of the 10-K filed 2026-02-27 for fiscal year ended December 31, 2025, the company was in wind-down mode: shareholders approved a Portfolio Sale Transaction and Plan of Sale and Liquidation on October 30, 2025, and the Portfolio Sale Transaction closed on November 12, 2025. Following that closing, ten properties remained under the company, including Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta, Elme Sandy Springs, and Watergate 600. A $520.0 million senior secured term loan from Goldman Sachs Bank USA, secured by those ten properties, was entered into on November 12, 2025. Subsequent to December 31, 2025, Elme Sandy Springs and Elme Marietta were sold. The company was formerly known under a prior name before operating as Elme Communities.

Revenue model

Residential rental income from multifamily apartment communities. As of the filing date the company was executing a liquidation plan, with assets being sold and proceeds distributed.

Products and services

Multifamily apartment communities operating under the Elme Communities brand, including properties such as Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta, Elme Sandy Springs, and Watergate 600.

Customers and end markets

Residential apartment renters in the Washington, D.C. metro area and Southeast markets (Georgia).

Value-chain role

Owner and operator of multifamily residential real estate; structured as a REIT under Maryland law.

Geographic exposure

Washington, D.C. metro area (including Maryland locations such as Bethesda, Germantown, Watkins Mill, and Connecticut Avenue) and Southeast markets including Sandy Springs, Marietta, and Conyers, Georgia, based on property names disclosed in the 10-K filed 2026-02-27.

Source: SEC 10-K, filed 2026-02-27

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