Elme Communities’ Board of Trustees declared a special liquidating distribution of $14.67 per share on November 25 2025. The payment will be made on January 7 2026 to shareholders of record as of December 22 2025, following the company’s sale of its 19‑property portfolio to Cortland on November 12 2025.
The distribution is part of the company’s voluntary Plan of Sale and Liquidation. It will be paid only after all outstanding debt is repaid, transaction costs are covered, and the required escrow accounts and reserves are established, ensuring that the remaining assets are fully liquidated before any further distributions.
President and CEO Paul McDermott said the company is focused on monetizing its remaining assets and maximizing value for shareholders. He noted that the sale process began in the third quarter and that all remaining sales are expected to be completed by June 2026, after which the company will dissolve.
Truist Securities downgraded Elme’s rating from Buy to Hold in response to the liquidation plan, and the NYSE will require due‑bill trading from December 22 2025 through January 7 2026 because the special distribution exceeds 25% of the share price.
The liquidation marks the end of Elme’s operations as a real‑estate investment trust focused on Washington DC and Atlanta markets. Shareholders will receive the distribution as the company winds down, and the remaining assets will be sold to complete the dissolution.
The sale to Cortland reflects broader consolidation in the multifamily sector, and the special distribution provides a clear exit path for investors while the company’s remaining portfolio is liquidated.
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