Elme Communities sells 193-unit Elme Bethesda apartment community for $58 million

Reuters2026/08/14 20:27

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

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elme Communities published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000104894-26-000107), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Elme Communities sells 193-unit Elme Bethesda apartment community for $58 million

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