• Elme Communities will terminate three officers' retention agreements effective November 6, 2026, following the board's October 28 decision.
• Under agreements signed January 22, 2026, Paul McDermott will receive a $5.06 million cash lump sum.
• Tiffany Butcher will receive $1.66 million in cash; W. Drew Hammond will receive $1.03 million.
• Following the expected November 6 dissolution, the liquidating trust expects to engage Hammond and Butcher as part-time, as-needed consultants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elme Communities published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-121321), on November 02, 2026, and is solely responsible for the information contained therein.