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.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 41% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.30%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.