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Elme Communities Enters into New $500 Million Credit Facility
Jul 11, 2024•almost 2 years ago
Contract Type
agreement
BethesdaReal EstateHospitality
Description
Elme Communities, a multifamily owner and operator, has announced a new $500 million credit facility to replace the prior revolving credit facility. The four-year term ending on July 10, 2028, includes two 6-month maturity extension options and an accordion feature providing an additional $500 million of capacity. The initial interest rate is based on adjusted daily SOFR plus a margin of 85 basis points.
Company Information
Company
Elme Communities
Location
Bethesda, Maryland, United States
About
Elme Communities is a multifamily owner and operator committed to providing a higher level of quality, service, and experience for value-oriented renters.
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BethesdaReal EstateHospitality