Elme Communities 10-K

ITEM 2: PROPERTIES The schedule on the following pages lists our real estate investment portfolio as of December 31, 2025, which consisted of nine residential communities, one office building and land held for development. Cost information is included in Schedule III to our financial statements included in this Annual Report on Form 10-K. Schedule of Properties (1) Properties Location Year Acquired Year Constructed/Renovated # of Homes Average Occupancy, year ended December 31, 2025 Ending Occupancy, as of December 31, 2025 Residential Communities Riverside Apartments (2) Alexandria, VA 2016 1971 1,222 95.2 % 94.1 % 3801 Connecticut Avenue Washington, DC 1963 1951 307 93.8 % 90.2 % Kenmore Apartments Washington, DC 2008 1948 371 92.1 % 87.6 % Elme Bethesda Bethesda, MD 1997 1986 193 95.9 % 94.8 % Elme Watkins Mill Gaithersburg, MD 2019 1975 210 95.6 % 96.2 % Elme Germantown Germantown, MD 2019 1990 218 96.0 % 91.3 % Elme Conyers Conyers, GA 2021 1999 240 90.0 % 85.8 % Elme Marietta Marietta, GA 2022 1975 420 89.0 % 90.5 % Elme Sandy Springs Sandy Springs, GA 2022 1972 389 89.4 % 91.0 % Subtotal Residential Communities 3,570 93.2 % 91.8 % Property Location Year Acquired Year Constructed/Renovated Net Rentable Square Feet Percent Leased, as of December 31, 2025 (3) Ending Occupancy, as of December 31, 2025 (3) Office Building Watergate 600 Washington, DC 2017 1972/1997 300,000 81.6 % 81.6 % ______________________________ (1) See Note 7 for a discussion of the Secured Term Loan. (2) Includes an undeveloped land parcel held for development adjacent to the Riverside Apartments. (3) Percent leased and ending occupancy calculations are based on square feet and includes temporary lease agreements for Watergate 600. Percent leased is the percentage of net rentable area for which fully executed leases exist and may include signed leases for space not yet occupied by the tenant. As of December 31, 2025, pursuant to the Loan Agreement, the Secured Term Loan was secured by first priority mortgages and security interests on the Company’s ten remaining properties. Subsequent to December 31, 2025, we completed the sale of two of the Remaining Company Properties, Elme Sandy Springs and Elme Marietta, which comprise approximately 800 residential apartment homes – for gross proceeds of approximately $112.75 million, a portion of which was used to partially repay the Secured Term Loan, and those properties were released from the mortgages securing the Secured Term Loan.