Elme Communities

Elme Communities, formerly known as Washington Real Estate Investment Trust, operates as a self-administered equity real estate investment trust under the ticker NYSE: ELME. The company's website is elmecommunities.com.

Elme Communities specializes in the ownership and operation of apartment communities across the greater Washington, DC metro and Sunbelt regions, with a particular focus on multifamily residential properties. As of December 31, 2025, the company owned nine apartment communities and one office property, representing approximately 3,570 residential apartment homes and approximately 300,000 square feet of commercial space. The company's portfolio includes properties such as Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta, Elme Sandy Springs, and Watergate 600.

All residential communities operate under Elme management, while Stream Realty Partners provides property management and leasing services for the company's office property. The company employs 91 people as of February 27, 2026, including 55 engaged in community management functions and 36 in corporate, financial, asset management and other functions.

Elme Communities maintains REIT status, which requires the distribution of ninety percent of REIT taxable income to shareholders annually. The company implements sustainable policies and practices across all properties, utilizing ENERGY STAR Portfolio Manager and industry-standard rating systems including LEED and BREEAM certifications.

On August 4, 2025, the company announced its Board had approved a plan of sale and liquidation, which contemplates the sale or disposition of all company assets, wind-down of business affairs, and termination of the company's existence. On November 12, 2025, Elme completed the sale of nineteen multifamily properties for approximately 1.6 billion dollars and simultaneously secured a 520 million dollar senior secured term loan from Goldman Sachs Bank USA. The company targets completion of remaining property sales by mid-year 2026, with an initial liquidating distribution of 14.67 dollars per share paid in January 2026.