Elme Communities Files Form 15-12G After Dissolving and Cancelling All Shares

What happened

Elme Communities, a real estate investment trust based in Bethesda, Maryland, filed a Form 15-12G with the Securities and Exchange Commission on November 6, 2026, certifying termination of registration of its common shares of beneficial interest under Section 12(g) of the Securities Exchange Act of 1934.

The filing states that the company dissolved at 11:59 a.m. on November 6, 2026, and that all outstanding common shares, par value $0.01 per share, were cancelled at that time. The company reported approximately zero holders of record as of the certification date.

The notice was signed by W. Drew Hammond, Executive Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer. The filing does not state a reason for the dissolution.

What this means

A Form 15 is the document a company files to stop being a reporting company with the SEC. Registration under Section 12(g) is what triggers the obligation to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K; terminating that registration ends those obligations, provided the company meets the holder thresholds in the rule it checks on the form.

This filing checks no rule box at all. Instead, it reports zero holders of record because the entity no longer exists: dissolution and cancellation of the shares are what removed every holder, not a buyout that fell below a holder count. That is why the company can certify termination rather than rely on Rule 12g-4(a)(1) or (a)(2).

"Holders of record" means shareholders listed directly on the company's register, not the far larger number of people who own shares through a broker. A share count of zero is only possible once the shares themselves have been cancelled.

The quoted price of $0.05 per share is the last recorded close. With the shares cancelled, that quote no longer represents a security that can be bought or sold under the Elme name.