“We are pleased with the successful completion of our credit facility recast which extends our strong liquidity position and optimizes cost,” saidSteven Freishtat, Executive Vice President and Chief Financial Officer of Elme Communities.“We thank our team of lenders for their support and confidence in the growth and success of our company.”
Wells Fargo Bank, National Associationserves as administrative agent for the credit facility.Wells Fargo Securities, LLC,KeyBanc Capital Markets Inc., PNC Capital Markets LLC, TD Bank, N.A. andTruist Securities Inc. served as joint lead arrangers, andWells Fargo Securities, LLCandKeyBanc Capital Markets Inc.served as joint bookrunners.KeyBank National Association also served as syndication agent for the revolving credit facility.Capital One, National Association, PNC Bank, National Association, TD Bank, N.A. and Truist Bankserved as documentation agents for the revolving credit facility.Additional participants includeGoldman Sachs Bank USA and Associated Bank, National Association.
About Elme Communities
Elme Communities is committed to elevating what home can be for value-oriented renters by providing a higher level of quality, service, and experience. The company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Sunbelt, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.
Contact:
Investor Relations
Amy Hopkins
202-774-3253
ahopkins@elmecommunities.com
