Elme Communities sells 193-unit Elme Bethesda apartment community for $58 million - ELME News | RalliesElme Communities sells 193-unit Elme Bethesda apartment community for $58 million
E
ELME• Elme Communities closes Bethesda apartment sale
- Elme Communities closed the sale of its 193-unit Elme Bethesda apartment community in Bethesda, Maryland on Aug. 11, 2026.
- Transaction value: $58 million, subject to customary prorations and adjustments.
- Net proceeds to seller estimated at $55.21 million, reflecting $2.79 million of closing adjustments and costs.
- $52.45 million of proceeds allocated to repay a portion of the $520 million senior secured term loan.
- Pro forma cash and restricted cash would rise to $44.02 million as of June 30, 2026, assuming the sale closed then.
MFBI
•
