Elme Communities
51–200 employees 9 principals
Last updated
About Elme Communities
Elme Communities is a real estate operator. Elme Communities operates in Atlanta, Georgia and Washington DC. Its investment focus is on Affordable Housing, Multifamily - Core and Multifamily - Ground-up.
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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9 principals on file
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Recent activity at Elme Communities
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Elme Communities's project portfolio
No projects on file for Elme Communities yet.
Markets and themes
Markets Elme Communities operates in
Investment themes at Elme Communities
Capabilities
- AIM Attendee
- Asset Management
- Blueprint Attendee
- Mixed Use
- NMHC OpTech Attendee
- Site Development
- Sustainability
- Urban infill
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Frequently asked questions about Elme Communities
- What does Elme Communities do?
- Elme Communities, formerly known as WashREIT, is a multifamily real estate investment trust (REIT) focused on providing affordable, quality housing for middle-income renters.
- What markets does Elme Communities operate in?
- Elme Communities is active in Atlanta, Georgia and Washington DC.
- How many employees does Elme Communities have?
- Elme Communities has 51–200 employees.