Elme Communities has agreed to sell a majority of its Washington, D.C.-area multifamily portfolio for $1.6 billion and liquidate the company, citing challenges competing as a small-scale real estate investment trust.
Elme Communities to wind down after $1.6 billion Cortland apartment sale
DC-based multifamily REIT expects to unload remaining properties over next year
CoStar News
August 4, 2025 | 8:02 P.M.
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IN THIS ARTICLE
- Companies
- Elme Communities
Real Estate
- Cortland
Real Estate