Elme Communities — Form 10-Q
Filed July 31, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Elme Bethesda Owner LLC (seller; parent: Elme Communities, $1.4B market cap) agreed to sell 193-unit Elme Bethesda apartment complex at 5114 Dudley Lane, Bethesda, Maryland to CAPREIT Acquisition Corporation for $59,000,000 (May 27, 2026 PSA). Purchase price reduced to $58,000,000 on June 4, 2026 (Second Amendment). Agreement later assigned to Tilden Bethesda Hill Apartments LLC; closing targeted August 11, 2026. All-cash transaction; earnest money $1,000,000 initial + $500,000 additional.
Why this rating
Sale price ~4.1% of company market cap; routine asset disposition for REIT; no acquisition/financing risk; standard commercial real estate transaction terms.
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