Elme Communities’ Riverside Apartments sale to FPA Multifamily for $250 million clears inspection period

• Elme Communities moved closer to selling Riverside Apartments in Alexandria, Virginia, for USD 250 million under a previously disclosed agreement.
• Inspection period expired on Aug. 20, making the USD 4 million earnest money deposit nonrefundable, subject to limited exceptions.
• Closing scheduled no later than Sept. 14, with the deal expected to close on that date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elme Communities published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000104894-26-000110), on August 20, 2026, and is solely responsible for the information contained therein.