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With New $250M Deal, Elme Is Fully Set To Liquidate

Summary by Bisnow
Elme Communities has found a new buyer for its Alexandria, Virginia, apartment complex after a previous deal fell through, putting the REIT back on track in its liquidation process.

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Multifamily DiveMultifamily Dive
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Elme reaches deal to sell last property for $250M

After one sale fell through earlier in the year, the REIT entered an agreement to sell the 222-unit Riverside Apartments in Alexandria, Virginia, and related undeveloped land for $30 million less.

·Newton, United States
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BisnowBisnow

With New $250M Deal, Elme Is Fully Set To Liquidate

Elme Communities has found a new buyer for its Alexandria, Virginia, apartment complex after a previous deal fell through, putting the REIT back on track in its liquidation process.

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Multifamily Dive broke the news in Newton, United States on Monday, July 27, 2026.
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