Nation’s First REIT Reveals Succession Plan, Unveils New Company Name
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…
Read MoreTop DC-Area Landlord Changes Name to Elme Communities
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>>
Read MoreWashREIT Rebrands as Elme Communities, Reflecting Residential Focus
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Read MoreWashREIT is Now Elme Communities
WASHINGTON, Oct. 17, 2022 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE), a value-driven multifamily owner and operator, announced today that it has changed its name and rebranded as Elme Communities, reflecting its ongoing commitment to elevating the value-living experience for its residents. The name change culminates the Company’s transformation into a focused multifamily company, and subsequent geographic…
Read MoreNow Out of the Office Game, WashREIT Rebrands to Reflect Multifamily Focus
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…
Read MoreWashREIT Completes Office Portfolio Sale
WASHINGTON, July 26, 2021 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) has completed the previously announced sale of 12 office assets, representing the entire office portfolio excluding Watergate 600, for gross proceeds of $766 million. WashREIT plans to use the net proceeds of the sale to fund the expansion of its multifamily platform and to reduce…
Read MoreWashREIT Accelerates Transformation Into Multifamily REIT With Agreement to Sell Office Portfolio
WASHINGTON, June 15, 2021 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) (“WashREIT” or the “Company”), as part of its multi-year strategic transformation into a multifamily REIT, announced today that it has entered into a definitive agreement to sell substantially all its office portfolio to a Brookfield Asset Management private real estate fund for an aggregate purchase…
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