Elme Communities
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Item 2. PROPERTIES
The schedule on the following pages lists our real estate investment portfolio as of December 31, 2023, which consisted of 28 residential communities, one office building and land held for development. Cost information is included in Schedule III to our financial statements included in this Annual Report on Form 10-K.
Schedule of Properties
| Properties | Location | Year Acquired | Year Constructed/Renovated | # of Homes | Average Occupancy, year endedDecember 31, 2023 | Ending Occupancy, as of December 31, 2023 |
|---|---|---|---|---|---|---|
| Residential Communities | ||||||
| Elme Alexandria | Alexandria, VA | 2019 | 1990 | 532 | 94.6% | 95.7% |
| Cascade at Landmark | Alexandria, VA | 2019 | 1988 | 277 | 96.2% | 97.5% |
| Clayborne | Alexandria, VA | N/A | 2008 | 74 | 96.3% | 95.9% |
| Riverside Apartments | Alexandria, VA | 2016 | 1971 | 1,222 | 96.1% | 97.1% |
| Bennett Park | Arlington, VA | N/A | 2007 | 224 | 95.7% | 96.4% |
| Park Adams | Arlington, VA | 1969 | 1959 | 200 | 96.4% | 96.0% |
| The Maxwell | Arlington, VA | N/A | 2014 | 163 | 97.0% | 96.9% |
| The Paramount | Arlington, VA | 2013 | 1984 | 135 | 96.8% | 97.8% |
| The Wellington | Arlington, VA | 2015 | 1960 | 710 | 95.9% | 96.9% |
| Trove | Arlington, VA | N/A | 2020 | 401 | 95.9% | 95.5% |
| Roosevelt Towers | Falls Church, VA | 1965 | 1964 | 191 | 96.0% | 97.9% |
| Elme Dulles | Herndon, VA | 2019 | 2000 | 328 | 96.0% | 97.3% |
| Elme Herndon | Herndon, VA | 2019 | 1991 | 283 | 96.0% | 96.5% |
| Elme Leesburg | Leesburg, VA | 2019 | 1986 | 134 | 95.7% | 97.0% |
| Elme Manassas | Manassas, VA | 2019 | 1986 | 408 | 94.2% | 93.1% |
| The Ashby at McLean | McLean, VA | 1996 | 1982 | 268 | 95.9% | 95.5% |
| 3801 Connecticut Avenue | Washington, DC | 1963 | 1951 | 307 | 96.5% | 96.4% |
| Kenmore Apartments | Washington, DC | 2008 | 1948 | 371 | 95.8% | 95.7% |
| Yale West | Washington, DC | 2014 | 2011 | 216 | 95.6% | 97.2% |
| Elme Bethesda | Bethesda, MD | 1997 | 1986 | 193 | 96.8% | 98.4% |
| Elme Watkins Mill | Gaithersburg, MD | 2019 | 1975 | 210 | 95.6% | 96.2% |
| Elme Germantown | Germantown, MD | 2019 | 1990 | 218 | 96.0% | 95.9% |
| Elme Conyers | Conyers, GA | 2021 | 1999 | 240 | 93.8% | 93.3% |
| Elme Eagles Landing | Stockbridge, GA | 2021 | 2000 | 490 | 92.4% | 89.0% |
| Elme Marietta | Marietta, GA | 2022 | 1975 | 420 | 92.4% | 90.7% |
| Elme Sandy Springs | Sandy Springs, GA | 2022 | 1972 | 389 | 93.4% | 91.3% |
| Elme Cumberland | Smyrna, GA | 2022 | 1982 | 270 | 93.3% | 91.1% |
| Elme Druid Hills | Atlanta, GA | 2023 | 1987 | 500 | 93.4% | 93.8% |
| Subtotal Residential Communities | 9,374 | 95.2% | 95.2% | |||
| Property | Location | Year Acquired | Year Constructed/Renovated | Net Rentable Square Feet | Percent Leased, as ofDecember 31, 2023 (1) | Ending Occupancy, as of December 31, 2023 (1) |
|---|---|---|---|---|---|---|
| Office Building | ||||||
| Watergate 600 | Washington, DC | 2017 | 1972/1997 | 300,000 | 87.8% | 87.8% |
(1) Percent leased and ending occupancy calculations are based on square feet and includes temporary lease agreements for Watergate 600. Percent leased is the percentage of net rentable area for which fully executed leases exist and may include signed leases for space not yet occupied by the tenant.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.