ELME

Elme Communities (NYSE:ELME) is a real estate investment trust (REIT) that was founded in 1980 and has undergone significant transformation over the decades. Originally known as WashREIT, the company rebranded to Elme Communities in 2022 as part of a strategic pivot toward becoming a focused multifamily residential property owner and operator. The company is headquartered in the Washington, D.C. metropolitan area and has evolved from a diversified real estate portfolio to concentrate primarily on apartment communities in high-growth markets. Today, Elme Communities owns and operates a portfolio of 45 properties comprising approximately 6,863 multifamily apartment units and 3.7 million square feet of commercial space, with a strategic focus on the Washington Metro area and Atlanta markets.