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Elme Communities Sells Properties in $1.6B Deal

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Elme Communities Sells Properties in $1.6B Deal

Meet Your ETF AI Analyst

The latest announcement is out from Elme Communities ( (ELME) ).

On November 12, 2025, Elme Communities completed the sale of 19 multifamily communities to Cortland Partners for $1.6 billion, marking the first step in the company’s Plan of Sale and Liquidation. Following this transaction, Elme entered a loan agreement with Goldman Sachs Bank USA for a $520 million term loan, intended to be repaid through property sales. Elme plans to distribute proceeds to shareholders through special liquidating distributions, with the initial distribution expected in January 2026.

The most recent analyst rating on (ELME) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Elme Communities stock, see the ELME Stock Forecast page.

Spark’s Take on ELME Stock

According to Spark, TipRanks’ AI Analyst, ELME is a Neutral.

Elme Communities’ overall score is driven by strategic asset sales and planned shareholder distributions, which are positive. However, profitability challenges and market conditions affecting cost of capital weigh on the score. Technical indicators and valuation provide a neutral to slightly negative outlook.

To see Spark’s full report on ELME stock, click here.

More about Elme Communities

Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro.

Average Trading Volume: 1,053,823

Technical Sentiment Signal: Buy

Current Market Cap: $1.46B

See more insights into ELME stock on TipRanks’ Stock Analysis page.

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