Elme Communities completed the sale of its final two multifamily properties, 3801 Connecticut Avenue and The Kenmore in Washington, DC, for $55.0 million each on September 28, 2026. Following these dispositions, the company has sold all remaining assets under its approved Plan of Sale and Liquidation. The Board declared an additional special liquidating distribution of $1.74 per share, payable October 22, 2026 to shareholders of record on October 9, 2026. This brings total cash distributions to $16.41 per share. Elme intends to voluntarily delist from the NYSE with trading expected to cease on November 5, 2026, followed by voluntary dissolution and transfer of remaining assets to a liquidating trust effective November 6, 2026. Elme Communities is a Maryland real estate investment trust specializing in multifamily residential properties.
