Elme Communities Liquidation Update: $167.7M Net Assets, $250M Riverside Deal, and $16.41–$16.61/Share Payout Range
ELME sits 28% above its 52-week low of $1.26 on light trading volume (0.2× avg).
Summary
Elme Communities' Q2 10-Q reveals $167.7 million in net assets, a new $250 million Riverside Apartments sale agreement, and an updated total liquidation payout estimate of $16.41–$16.61 per share.
Key Events · Earnings and Guidance · ELME
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Net Assets in Liquidation Decline
Net assets in liquidation fell to $167.7 million as of June 30, 2026, down from $238.9 million at December 31, 2025, reflecting property sales and remeasurement losses.
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New $250M Riverside Contract Signed
On July 23, 2026, Elme signed a purchase and sale agreement with FPA Multifamily, LLC for Riverside Apartments at $250 million, replacing the terminated May 2026 deal. Closing is expected by September 14, 2026, subject to inspection.
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Three Other Properties Under Contract
Agreements for The Kenmore, 3801 Connecticut Avenue, and Elme Bethesda total approximately $168 million in gross proceeds. Elme Bethesda is set to close by August 11, 2026; the DC properties are subject to TOPA processes expected to complete by end of 2026.
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Updated Liquidation Distribution Estimate
Total liquidating distributions are now estimated at $16.41–$16.61 per share, including the $14.67 already paid. The remaining $1.74–$1.94 per share depends on closing the pending sales and controlling costs.
Analysis · ELME · Real Estate & Construction
The Q2 10-Q from Elme Communities shows the liquidation advancing but with a contracting asset base. Net assets in liquidation dropped to $167.7 million from $238.9 million at year-end, driven by property sales and remeasurements. After the prior buyer walked, a new $250 million contract was signed for Riverside Apartments, and three other properties are under contract for $168 million. The estimated total liquidating distribution now stands at $16.41–$16.61 per share, including the $14.67 already paid, leaving $1.74–$1.94 per share remaining. The Secured Term Loan balance is down to $251 million. While the stock trades at $1.61, well below the estimated remaining payout, the final amount hinges on closing these sales and managing costs.
At the time of this filing, ELME was trading at $1.61 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $143.1M. The 52-week trading range was $1.26 to $17.68. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.