Elme Communities acquired Elme Druid Hills in Atlanta, GA for approximately $110 million.
October 26, 2023
Share
Elme Communities (NYSE:ELME) acquired Elme Druid Hills in Atlanta, GA for approximately $110 million on September 29, 2023. This acquisition brings our total home count in the Atlanta metropolitan area to approximately 2,300 homes. Elme Communities retained 100% of the community team, providing continuity for existing residents
Elme Communities (NYSE:ELME) completed the acquisition of Elme Druid Hills in Atlanta, GA on September 29, 2023.
Elme Communities is a multifamily real estate investment trust. The Company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities. It owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Its properties include Elme Alexandria, Cascade at Landmark, Clayborne, Riverside Apartments, Bennett Park, Park Adams, The Maxwell, The Paramount, The Wellington, Trove, Roosevelt Towers, Elme Dulles, Elme Herndon, The Ashby at McLean, Kenmore Apartments, Elme Watkins Mill, Elme Germantown, Elme Eagles Landing, Elme Druid Hills and Watergate 600.