Elme Communities Provides Update On Liquidation Activities

Jan 23 (Reuters) - Elme Communities ELME.N:

• ELME COMMUNITIES PROVIDES UPDATE ON LIQUIDATION ACTIVITIES

• ELME COMMUNITIES - ENTERS AGREEMENTS TO SELL THREE PROPERTIES, CLOSING Q1 2026

• ELME COMMUNITIES - EXPECTS TO SELL THREE PROPERTIES FOR $155 MILLION

• ELME COMMUNITIES - STEVEN FREISHTAT, CFO, EXPECTED TO STEP DOWN

• ELME COMMUNITIES - W. DREW HAMMOND TO BECOME CFO AFTER STEVEN FREISHTAT'S DEPARTURE

• ELME COMMUNITIES - INTENDS FOR ITS COMMON SHARES TO CONTINUE TO BE LISTED ON NYSE

• ELME COMMUNITIES - DOES NOT CURRENTLY EXPECT TO VOLUNTARILY DELIST PRIOR TO COMPLETING SALE OF AT LEAST A SUBSTANTIAL PORTION OF REMAINING PROPERTIES

• ELME COMMUNITIES - MARKETING AND SALE PROCESS WITH RESPECT TO CO'S REMAINING SEVEN PROPERTIES REMAINS ONGOING

• ELME COMMUNITIES - CONTINUES TO TARGET COMPLETION OF SALE OF ALL 10 REMAINING PROPERTIES BY MID-YEAR 2026