Elme Communities

Suite 900 Bethesda, MD 201–500 employees 11 principals

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About Elme Communities

Elme Communities is a real estate operator headquartered in Suite 900 Bethesda, MD.

Elme Communities, formerly known as WashREIT, is a multifamily real estate investment trust (REIT) focused on providing affordable, quality housing for middle-income renters. Founded in 1960, the company owns and operates approximately 9,400 apartment homes primarily in the Washington, D.C. metro area and the Sunbelt region. Elme Communities shifted its focus entirely to multifamily properties after divesting its office and retail assets in 2021. The company targets underserved segments of the renter market, aiming to increase its presence in the Sunbelt, where 20% of its portfolio is currently located, with plans to expand that to 40%. With 29 properties and around 300,000 square feet of commercial space, Elme Communities is committed to long-term growth through strategic acquisitions and renovations. The company emphasizes sustainability and has implemented energy-efficient upgrades across its properties.

Principals at Elme Communities

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11 principals on file

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