Elme Communities
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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Item 2. PROPERTIES
The schedule on the following pages lists our real estate investment portfolio as of December 31, 2025, which consisted of nine 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(1)
| Properties | Location | Year Acquired | Year Constructed/Renovated | # of Homes | Average Occupancy, year endedDecember 31, 2025 | Ending Occupancy, as of December 31, 2025 |
|---|---|---|---|---|---|---|
| Residential Communities | ||||||
| Riverside Apartments (2) | Alexandria, VA | 2016 | 1971 | 1,222 | 95.2% | 94.1% |
| 3801 Connecticut Avenue | Washington, DC | 1963 | 1951 | 307 | 93.8% | 90.2% |
| Kenmore Apartments | Washington, DC | 2008 | 1948 | 371 | 92.1% | 87.6% |
| Elme Bethesda | Bethesda, MD | 1997 | 1986 | 193 | 95.9% | 94.8% |
| Elme Watkins Mill | Gaithersburg, MD | 2019 | 1975 | 210 | 95.6% | 96.2% |
| Elme Germantown | Germantown, MD | 2019 | 1990 | 218 | 96.0% | 91.3% |
| Elme Conyers | Conyers, GA | 2021 | 1999 | 240 | 90.0% | 85.8% |
| Elme Marietta | Marietta, GA | 2022 | 1975 | 420 | 89.0% | 90.5% |
| Elme Sandy Springs | Sandy Springs, GA | 2022 | 1972 | 389 | 89.4% | 91.0% |
| Subtotal Residential Communities | 3,570 | 93.2% | 91.8% | |||
| Property | Location | Year Acquired | Year Constructed/Renovated | Net Rentable Square Feet | Percent Leased, as ofDecember 31, 2025 (3) | Ending Occupancy, as of December 31, 2025 (3) |
|---|---|---|---|---|---|---|
| Office Building | ||||||
| Watergate 600 | Washington, DC | 2017 | 1972/1997 | 300,000 | 81.6% | 81.6% |
(1)See Note 7 for a discussion of the Secured Term Loan.
(2) Includes an undeveloped land parcel held for development adjacent to the Riverside Apartments.
(3)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.
As of December 31, 2025, pursuant to the Loan Agreement, the Secured Term Loan was secured by first priority mortgages and security interests on the Company’s ten remaining properties. Subsequent to December 31, 2025, we completed the sale of two of the Remaining Company Properties, Elme Sandy Springs and Elme Marietta, which comprise approximately 800 residential apartment homes – for gross proceeds of approximately $112.75 million, a portion of which was used to partially repay the Secured Term Loan, and those properties were released from the mortgages securing the Secured Term Loan.
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