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Elme Communities (NYSE:ELME) shares jumped 9. 1% on Monday after the real estate investment trust revised its estimated liquidation distributions and announced a new agreement to sell its Riverside Apartments property.

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

Company has sold six properties in 2026 Remaining four properties are under contract, including new purchase and sale agreement covering Riverside Apartments Targets completion of all remaining sales during the third and fourth quarters of 2026 with delisting and dissolution targeted for fourth quarter 2026 Updates range of total estimated liquidating distributions to $16.41 - $16.61 per share (including the initial $14.67 per share distribution paid in January 2026) BETHESDA, Md., July 24, 2026