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Elme Communities
Elme Communities has completed the sale of all remaining properties and is set for voluntary dissolution on November 6, 2026. The company declared an additional liquidating distribution of $1.74 per share payable on October 22, 2026, and confirmed that its NYSE delisting and final trading day will occur on November 5, 2026.…more
Elme Communities
Elme Communities completed the sale of Riverside Apartments for $250 million on September 14, 2026. The company used a portion of the proceeds to fully repay the remaining $198.6 million balance of its senior secured term loan with Goldman Sachs and terminated the associated loan agreement. The company continues to execute its shareholder-approved plan of sale and liquidation.…more
Elme Communities
Elme Communities concluded the inspection period for the $250.0 million sale of the 1,222-unit Riverside Apartments in Alexandria, Virginia, on August 20, 2026. Consequently, the $4.0 million aggregate earnest money deposit has become nonrefundable, and the company expects to finalize the transaction by September 14, 2026.…more
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Elme Communities to Delist from NYSE and Proceed with Liquidation
Elme Communities will be delisted from the NYSE due to low share prices and move to OTC trading. The company is proceeding with its previously approved plan to liquidate assets and dissolve the entity.…more
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The NYSE has initiated proceedings to delist Elme Communities due to an abnormally low share price. Trading of the company's shares has been suspended immediately pending final procedures.…more
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Elme Communities has finalized the sale of all remaining properties and declared a special liquidating distribution ahead of its planned dissolution. The company expects to delist from the NYSE in early November 2026, with remaining assets transitioning to a liquidating trust.…more
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