Elme Communities cuts estimated liquidating distributions to USD 16.41-16.61 per share - ELME News | RalliesElme Communities cuts estimated liquidating distributions to USD 16.41-16.61 per share
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ELME• Timeline for wind-down
- The company targets completion of the remaining asset sales in Q3-Q4 2026.
- NYSE delisting and dissolution are expected in Q4 2026.
Asset sales and financing update
- Riverside Apartments was re-contracted at a USD 250 million sale price; the closing deadline is set for Sept. 14, 2026, subject to conditions.
- Six properties were sold in 2026 for about USD 294 million.
- The remaining term loan balance stood at USD 251 million as of July 23.
Estimated liquidating distributions reduced
- Elme Communities cut its estimated total liquidating distributions to USD 16.41-16.61 per share, versus USD 16.74-17.02 previously.
- Additional liquidating distributions are now projected at USD 1.74-1.94 per share, including the paid in January 2026.
USD 14.67 per share
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