Cortland Partners to buy part of Elme Communities portfolio for $1.6 billion

Reuters

08/04

Cortland Partners to buy part of <a href="https://laohu8.com/S/ELME">Elme Communities</a> portfolio for $1.6 billion

Aug 4 (Reuters) - Real estate investment firm Cortland Partners will buy a 19-asset portfolio from Elme Communities ELME.N for $1.6 billion in cash.

The transaction is expected to close in the fourth quarter of 2025, Elme Communities said on Monday.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Shinjini Ganguli)

((Aishwarya.Jain@thomsonreuters.com;))

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