An announcement from Elme Communities ( (ELME) ) is now available.
On March 19, 2025, Elme Communities announced the appointment of Ron D. Sturzenegger as an independent trustee to its Board of Trustees, expanding the board to eight members. Sturzenegger, with over 30 years of experience in the real estate industry, will also serve on the transaction committee overseeing strategic alternatives. This appointment is part of Elme’s ongoing efforts to refresh its board composition and maximize shareholder value. Additionally, Elme entered into a cooperation agreement with Argosy-Lionbridge Management, LLC, which includes standstill and voting provisions, and opted out of the Maryland Unsolicited Takeover Act, enhancing its corporate governance practices.
More about Elme Communities
Elme Communities is a multifamily real estate investment trust (REIT) that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions. The company focuses on providing quality, affordable homes to middle-income renters, aiming to build long-term value for shareholders.
YTD Price Performance: 13.04%
Average Trading Volume: 636,451
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.51B
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