{"url_path":"/sec/elme/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 OTHER INFORMATION","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-11","source_url":"https://www.sec.gov/Archives/edgar/data/104894/0000104894-26-000019-index.html","accession_number":"0000104894-26-000019","cik":"0000104894","ticker":"ELME","issuer_name":"Elme Communities","edgar_url":"https://www.sec.gov/Archives/edgar/data/104894/0000104894-26-000019-index.html","primary_entity_key":"0000104894","primary_entity_name":"Elme Communities"},"word_count":465,"has_tables":true,"body_markdown":"ITEM 5: OTHER INFORMATION\n\nTrading Arrangements\n\nDuring the three months ended March 31, 2026, no trustee or officer of Elme Communities adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.\n\nRiverside Apartments Purchase and Sale Agreement\n\nOn May 8, 2026, Elme Riverside Apartments LLC (the “Riverside Seller”), a wholly-owned subsidiary of Elme Communities(the “Company”), entered into a purchase and sale agreement (the “Riverside Agreement”) with Riverside Apartments VA LLC, a subsidiary of Beitel Group (the “Buyer”), for the sale of Riverside Apartments, a 1,222 unit community located in Alexandria, Virginia and related undeveloped land, for a contract sale price of $280.0 million, subject to customary prorations and adjustments (the “Riverside Sale”). The aggregate earnest money deposit amount is $4.5 million. The first installment of the deposit, $1.5 million, is required to be funded within two business days of signing. If the Buyer does not terminate the Riverside Agreement on or before the expiration of an inspection period on June 4, 2026, the remaining $3.0 million deposit installment will be due within one business day of the expiration of such inspection period, at which time the entire earnest money deposit will become nonrefundable, except in the event of the Riverside Seller’s breach of the Riverside Agreement or failure to satisfy conditions precedent to the consummation of the Riverside Sale. In addition to completion of the inspection period, the Riverside Agreement is subject to closing conditions and other terms and conditions customary for real estate transactions. The Riverside Agreement provides for closing on or prior to July 6, 2026, subject to limited exceptions, although there can be no assurance that the closing conditions will be satisfied or that the Riverside Sale will be consummated.\n\nThe Riverside Agreement contains representations and warranties the parties thereto made to and solely for the benefit of each other, and such representations and warranties should not be relied upon by any other person. The assertions embodied in those representations and warranties were made solely for the purposes of the Riverside Agreement and are subject to important\n\n30\n\nqualifications and limitations agreed to by and between Buyer and Riverside Seller in connection with negotiating the Riverside Agreement. Accordingly, security holders should not rely on the representations and warranties as accurate or complete or characterizations of the actual state of facts as of any specified date because such representations and warranties are modified in important part by the underlying disclosure schedules, are subject to a contractual standard of materiality different from that generally applicable to security holders and were used only for the purposes of conducting certain limited due diligence inquiries and allocating risks and not for establishing all material facts with respect to the matters addressed.\n\n31"}