Elme Communities entered into a purchase and sale agreement for the Elme Bethesda property. The transaction involves the sale of a 193-unit multifamily community in Bethesda, Maryland. The contract sale price is $59.0 million, subject to customary adjustments. An earnest money deposit of $1 million is required, with $500,000 due within two business days of signing. The inspection period for the buyer expires on June 3, 2026. Closing is expected no later than July 9, 2026, pending regulatory compliance.