In the first five months of 2026, Elme Communities completed the sale of five properties—four multifamily assets and its Watergate 600 office—for aggregate gross proceeds of $252.7 million. The company has also entered contracts for four additional properties that, subject to adjustments and prorations, are expected to deliver approximately $431.3 million in gross proceeds.

Following the initial special distribution of $14.67 per share paid in January, Elme now forecasts additional liquidating distributions between $2.07 and $2.35 per share. This brings the total estimated payout to $16.74–$17.02 per share, narrowed from the prior $17.02–$17.47 range due to lower-than-expected DC property proceeds and updated expense assumptions.

Subject to customary closing conditions—including Tenant Opportunity to Purchase Act clearances on two Washington, DC, assets—Elme targets completing the four contracted property sales by mid-2026. Negotiations for its final remaining asset in Bethesda are underway, with a purchase agreement expected within weeks and all sales slated for mid-year to support planned delisting.

Elme’s liquidation follows a $520 million senior secured term loan, of which $288.5 million remained outstanding as of May 11, 2026. Net proceeds from property sales will repay the loan and fund distributions, after which Elme Communities intends to pursue delisting and dissolution in the third quarter of 2026.