Nation’s First REIT Reveals Succession Plan, Unveils New Company Name

By Blackwells Capital | November 15, 2022

Washington, DC-based Elme Communities (formerly Washington Real Estate Investment Trust or WashREIT) has announced the planned retirement of Stephen Riffee, EVP and CFO, at the end of February 2023. Steven Freishtat, currently VP, finance, is expected to succeed Riffee as CFO. Drew Hammond, currently VP, chief accounting officer and treasurer, is expected to be promoted…

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Nation’s First REIT Reveals Succession Plan, Unveils New Company Name

By Blackwells Capital | November 15, 2022

Washington, DC-based Elme Communities (formerly Washington Real Estate Investment Trust or WashREIT) has announced the planned retirement of Stephen Riffee, EVP and CFO, at the end of February 2023. Steven Freishtat, currently VP, finance, is expected to succeed Riffee as CFO. Drew Hammond, currently VP, chief accounting officer and treasurer, is expected to be promoted…

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Top DC-Area Landlord Changes Name to Elme Communities

By Blackwells Capital | October 18, 2022

D.C.-based Washington REIT, the nation’s first real estate investment trust company, has changed its name to Elme Communities, to reflect its focus on owning apartment communities. The company says Elme is a blending of the words “elevate” and “home,” reflecting its new mission to elevate the quality of rental apartment living. READ MORE>>

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Now Out of the Office Game, WashREIT Rebrands to Reflect Multifamily Focus

By Blackwells Capital | October 17, 2022

Goodbye Washington Real Estate Investment Trust. Hello Elme Communities. Reflecting its wholesale shift into residential real estate, the D.C.-based real estate investment trust, better known as WashREIT, announced Monday it has rebranded. In a statement, president and CEO Paul McDermott said the new name is a combination of the words “elevate” and “home.” The decision…

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