Elme Communities reaches deal to sell 19-property, $1.6B portfolio to Cortland, plans liquidation

  • 8/4/2025

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Elme Communities, the Bethesda-based real estate investment trust formerly known as WashREIT, is moving to dissolve. The company is selling two-thirds of its portfolio to another multifamily firm and putting the rest on the market.

Cortland
Jason Kern | President, Investment Management
Cortland
Michael Kolshak | EVP, Investments, Co-Portfolio Manager, Value Add Fund
Cortland
Kyle Bateh | EVP, Investments, Co-Portfolio Manager, Value Add Fund

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