Frequently Asked Questions

The Elme Communities Liquidating Trust (the “Trust”) was formed in October 2026 to complete the wind-down of Elme Communities. Elme Communities transferred its remaining assets and liabilities to the Trust on November 6, 2026 for administration by the Trustee (as defined below) of the Trust and distribution of any residual proceeds to beneficial interest holders.

Two then-officers of Elme Communities served as co-trustees when the Liquidating Trust was formed in October 2026. Effective upon the transfer of Elme Communities’ remaining assets and liabilities to the Trust on November 6, 2026, pursuant to the Liquidating Trust Agreement, Mark E. Chertok was appointed successor trustee (the “Trustee”) and assumed responsibility for administering the Trust. Mr. Chertok is an employee of FTI Consulting, Inc.; FTI Consulting, Inc. is not serving as Trustee.

The Trust will terminate on the earlier of the completion of the liquidation of all remaining Trust assets and distribution of the residual proceeds or three years after the November 6, 2026 transfer date. The Trustee may extend the term for a specified period if reasonably necessary to fulfill the Trust’s purposes and permitted by the Liquidating Trust Agreement.

Yes. Elme Communities completed the sale of its final two properties, The Kenmore and 3801 Connecticut Avenue, on September 28, 2026.

All of the beneficial interests are held by the former shareholders of Elme Communities, with each shareholder of Elme Communities being deemed automatically to have received and hold a percentage of beneficial interests in the Trust corresponding to such shareholder’s percentage ownership in Elme Communities as of the close of business on the last day of trading of the Common Shares over-the-counter (November 5, 2026).

No. Shareholders of Elme Communities were not required to take any action to receive beneficial interests in the Trust.

No. Beneficial interests are not represented by certificates or other instruments.

Subject to certain exceptions related to transfer by will, intestate succession or operation of law, beneficial interests in the Trust are not transferable.

No. Beneficial interests are not listed or traded on the New York Stock Exchange, over-the-counter or any other securities exchange.

Upon the dissolution of Elme Communities on November 6, 2026, all outstanding Elme Communities common shares were automatically cancelled.

On November 6, 2026, Elme Communities dissolved and all common shares of Elme Communities were cancelled upon its dissolution. If you owned shares of Elme Communities as of the close of business on the last day of its trading (November 5, 2026) you were deemed automatically to have received, and now hold, a percentage of beneficial interests in the Trust corresponding to your percentage ownership in Elme Communities as of that day.

The CUSIP for the former Elme Communities common shares was 939653 101. In brokerage records, the beneficial interests may appear under a to be assigned CUSIP number, which represents the holder’s right to receive any future distributions made with respect to those interests.

Because the beneficial interests are not listed or traded and there is no public market for them, brokers may assign different values for account-statement or bookkeeping purposes. Accordingly, holders may see a dollar value, $0, “N/A,” or another notation. Any value displayed by a broker may not reflect the amount, if any, ultimately distributed by the Trust. Holders should contact their individual brokers with questions about how the beneficial interests are displayed or valued in their accounts.

The Trust will distribute residual cash proceeds that exceed a reasonable reserve for expenses and liabilities at least annually, unless the Trustee determines in good faith that a distribution should be deferred to protect against contingent liabilities. With respect to any final distribution, if the Trustee determines that the amount of residual proceeds of the Trust’s assets available for final distribution are insufficient in amount to warrant an additional cash distribution, such remaining funds shall instead be donated to one or more charities selected by the Trustee. No future distribution is guaranteed.

The Trust maintains a reserve to pay or provide for known and unknown liabilities, claims, taxes, professional fees, wind-down costs, and other obligations and expenses that may arise prior to completion of the wind-down process.

The Trustee will determine the amount and timing of distributions in accordance with the Liquidating Trust Agreement, applicable law, and the Trust’s remaining assets and liabilities. If the amount remaining for final distribution is too small to warrant a distribution, the Liquidating Trust Agreement permits the Trustee to donate such remaining funds to one or more charities.

The Trust expects to file annual reports on Form 10-K (using the SEC file number of Elme Communities) containing unaudited financial statements and current reports on Form 8-K (using the SEC file number of Elme Communities).

The Trust will communicate material developments through SEC filings, press releases, and information posted in the Investor Relations section of this website. Any formal notices will be delivered in accordance with the Liquidating Trust Agreement.

Yes. Visitors may register for alerts about SEC filings, reports, press releases, and other updates.

Computershare is the Trust’s paying and recordkeeping agent.

If you were a holder of record of shares of beneficial interest in Elme Communities, contact our paying and recordkeeping agent, Computershare at 800-519-3111 or shareholder@computershare.com for account or holdings questions. If you held your shares of beneficial interest in Elme Communities in street name (i.e., through a broker, bank or other nominee), please contact your broker, bank or other nominee for information on your account or holdings.

If you were a holder of record of shares of beneficial interest in Elme Communities, provide Computershare with written notice of any address change. Contact Computershare at 800-519-3111 or shareholder@computershare.com for instructions. If you held your shares of beneficial interest in Elme Communities in street name (i.e., through a broker, bank or other nominee), please contact your broker, bank or other nominee to update your address. Keeping your address current helps ensure timely delivery of distributions, tax materials, and other Trust communications.

More information can be found in the Liquidating Trust Agreement, which was filed as an exhibit to a Current Report on Form 8-K with the SEC on November 6, 2026. The Trust’s SEC filings, public disclosures, press releases, and other updates are available in the Investor Relations section of this website.

For the period beginning January 1, 2026 and ended November 6, 2026, former Elme Communities shareholders are expected to receive Form 1099-DIV required under applicable tax reporting rules for Elme Communities distributions and other reportable activity. This will be the final 1099-DIV that you will receive from Elme Communities.

Beneficial interest holders of the Trust will separately receive an annual beneficiary tax information statement showing their allocable share of the Trust’s reportable tax items for the period November 6, 2026 through December 31, 2026 and annually thereafter. The Trust expects to provide this statement as soon as practicable after the end of each calendar year.

The Trust will provide tax forms and beneficiary tax information in accordance with applicable reporting requirements. General tax-related information will also be posted in the Investor Relations section of this website.

No. The Trust, the Trustee, and their representatives do not provide tax, legal, accounting, financial, or investment advice. Beneficial interest holders should consult their own advisors.

See Elme Communities’ definitive proxy statement filed by Elme Communities with the SEC on September 24, 2025 for the special meeting of its shareholders held on October 30, 2025 (which is available free of charge through the website maintained by the SEC at www.sec.gov and on this website), and other public filings for a summary of expected U.S. federal income tax consequences. Beneficial interest holders should consult their own tax advisors regarding their circumstances.