As of March 31, 2026 the Company’s portfolio was composed of six multifamily properties with a liquidation value of real estate of $544.3 million.

Under the going concern basis, when we classified properties as held for sale, we discontinued the recording of depreciation expense and estimated their fair value less costs to sell. If we determined that the carrying value for these properties exceeded their estimated fair value less costs to sell, we recorded a loss on asset impairment.

During the 2026 Quarter, we sold our interests in the properties below. We did not sell, classify any properties as held for sale or record an impairment during the 2026 Quarter or 2025 Quarter.


Properties			Number of Units (unaudited)
Elme Conyers			240
Elme Marietta			420
Elme Sandy Springs			389
			1,049

Property			Net Rentable Square Feet (unaudited)
Watergate 600			300,000

We have fully transferred control of the assets associated with these disposed properties and do not have continuing involvement in the operations of these properties.