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Elme Communities terminated a $280 million purchase and sale agreement for Riverside Apartments, prompting the company…
ELMEElme Communities
Elme Communities terminated a $280 million purchase and sale agreement for Riverside Apartments, prompting the company to withdraw its previously disclosed estimated ranges of liquidating distributions. The company is currently liquidating its assets, with the sale of Elme Watkins Mill completed on June 10, 2026, and three other properties under contract for $168 million. Elme Communities is a real estate investment trust that manages and sells multifamily residential properties.