Elme Communities (ELME) Form 8-K — May 28, 2026
Elme Communities announced the sale of its Elme Bethesda property, a 193-unit community in Maryland, to CAPREIT Acquisition Corporation for $59.0 million. The transaction is part of the company’s ongoing Plan of Sale and Liquidation, which involves selling off its remaining assets to repay debt and distribute proceeds to shareholders. The agreement includes a $1 million earnest money deposit and an inspection period ending June 3, 2026. Closing is targeted for no later than July 9, 2026, subject to regulatory approvals including Montgomery County’s right of first refusal.
Key figures
- Deal Value Usd
- 59000000
- Unit count
- 193
- Initial deposit
- 500000
- Target closing date
- 2026-07-09
- Earnest money deposit
- 1000000
- Inspection period end
- 2026-06-03
- Senior secured term loan
- 520000000
Price after filing
Close on the filing date to close N calendar days later (from $2.01). Historical, not a forecast.
AI analysis
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